5 Red Cedar Lane
About This Property
Thoughtfully designed with comfort and simplicity in mind, the residence unfolds with an inviting flow, ideal for both everyday living and relaxed entertaining. Sunlight filters gracefully through the home, illuminating warm, welcoming interiors that echo the tranquility of the surrounding landscape.
At the heart of this offering is exclusive access to the pristine lake-an idyllic setting for swimming, fishing, kayaking, electric motor boating, or simply unwinding by the tranquil water's edge. Whether enjoying a quiet morning overlooking the shimmering surface or an afternoon filled with outdoor recreation, the lifestyle here is defined by connection to nature and a sense of escape.
This is more than a home-it is a retreat, a destination, and an opportunity to experience the understated elegance of lakeside living in one of the Hudson Valley's most charming enclaves.
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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 |
|---|---|---|---|
| Jun 9, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by BHHS Hudson Valley Properties | $415,000 | |
| Listed by BHHS Hudson Valley Properties | |||
| Feb 22, 2026 | No longer available | - | |
| No longer available | |||
| Aug 21, 2025 | Listed by Elyse Harney Real Estate | $419,000 | |
| Listed by Elyse Harney Real Estate | |||
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Discover your dream move-in ready ranch-style home in the scenic Town of North East, NY, featuring one-level living in a light and bright 3-bedroom, 2-bath layout on a spacious 1.25-acre lot in the desirable Indian Lake Estates community. This turnkey home boasts a sprawling eat-in kitchen, sunlit living room, and a private primary suite with ensuite bath, plus two additional bedrooms serviced by a full main-floor bath. The lower level offers a two-car garage, partially finished basement with laundry hookups and built-in bar, and ample storage. Step outside to enjoy lake access for fishing, canoeing, kayaking, or electric-motor boating on the tranquil waters. With easy access to the Wassaic train station for seamless NYC commutes and just minutes from the vibrant villages of Millerton, NY and Sharon, CT, this home perfectly blends country charm with modern convenience. Owner is currently looking for a new home and this will be contingent on finding one.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017