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5 Strawberry Lane
About This Property
Looking for space, privacy, and gorgeous lake views? This spot has it all. Sitting on almost an acre of waterfront on a quiet, wooded point, this home feels like your own little slice of nature-complete with beautiful open-water views and plenty of pretty birds dropping by.
The one-story home is relaxed, comfortable, and perfect for anyone who just wants to slow down and enjoy the lake life. Even better, you're still close to everything you need-shopping, groceries, medical care, The Woodlands, and the airport.
If you want peaceful living without being far from town, this is the place. Lake days and easy living start here.
Room for RV or boat parking! Home is being sold AS-IS.
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 26, 2026 | In contract | - | |
| In contract | |||
| Nov 24, 2025 | Listed by Berkshire Hathaway HomeServices Premier Properties | $1,125,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017