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7.5 Lake Avenue
About This Property
Build your custom home or expand your portfolio with this exceptional 1.77-acre cleared parcel overlooking scenic Walton Lake. Zoned SR-15 with a WR (Water Recreational) overlay, this property offers a prime canvas for single-family residential development in a highly desirable Monroe location.
Property Details:
Tax Lot: 13-3-18 (Monroe, NY 10950)
Lot Size: 1.77 cleared acres (offered as a 1.5-acre building lot)
Views & Access: Picturesque views of Walton Lake; deeded lake access available for an added consideration.
Package Deal Potential: Combine with the neighboring parcel at 7 Lake Avenue (7 Lake Avenue - luxury Mediterranean single-family home for $999k) to assemble an expansive 3.35-acre lakefront compound.
Note to Buyers & Builders: Buyer to perform all due diligence, including obtaining an updated survey, verifying zoning and Water Recreational overlay details, and confirming buildability for single-family construction without relying on seller's remarks.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2026 | Listed by Urbane Brokerage | $250,000 | |
| Listed by Urbane Brokerage | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017