49
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5 Lake Drive
About This Property
Beautifully renovated, this exceptional home features contemporary finishes, brand-new flooring, and a thoughtfully designed layout. The open-concept kitchen flows seamlessly into a spacious dining area, creating an ideal setting for entertaining. Oversized bedrooms offer generous closet space, while the enclosed sunroom provides a bright and inviting retreat.
Enjoy the wonderful outdoor space, perfect for entertaining, relaxing, and making the most of the outdoors. The fully finished basement provides additional versatile living space and endless possibilities.
Major upgrades include a brand-new roof (2026) and new tankless boiler system (2026). Additional amenities include central heating and individual split units in every room for customized heating and cooling. Brand new electric charger in the garage.
A beautifully updated home offering style, space, and modern conveniences in desirable Manhasset Hills. Simply move in and enjoy!
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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 |
|---|---|---|---|
| Oct 30, 2026 | Listed by Keller Williams Realty Greater | $1,600,000 | |
| Listed by Keller Williams Realty Greater | |||
| Dec 2, 2019 | Sold | ||
| Sold | |||
| Sep 24, 2019 | In contract | - | |
| In contract | |||
| Sep 4, 2019 | Listed by Daniel Gale Associates Inc | $788,000 | |
| Listed by Daniel Gale Associates Inc | |||
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About Manhasset
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Data Source: OneKey MLS
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