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5112 HIGHLANDS LAKEVIEW LOOP
About This Property
Designed for both everyday living and entertaining, the open-concept floor plan features a spacious great room, formal dining room, dedicated office/fifth bedroom, and a first-floor owner's suite. The gourmet kitchen is a chef's dream with a propane cooktop, wall oven, built-in microwave, island prep sink, abundant custom cabinetry, and a bright breakfast area. Italian hardwood flooring and porcelain tile add warmth and sophistication throughout the main living spaces.
A striking custom iron staircase leads upstairs to a large loft and game room overlooking the great room below, along with three additional bedrooms, two full baths, and a hidden bonus room perfect for a media room, playroom, fitness space, or private retreat.
Step outside to your own backyard oasis featuring a custom gazebo, pergola, brick paver patio, screened lanai plumbed for a future summer kitchen, mature fruit trees, and a twelve-foot privacy hedge. The oversized side-entry three-car garage provides exceptional storage and flexibility.
Residents enjoy access to a community clubhouse, pool, tennis courts, and convenient access to Banana Lake's public boat ramp for boating, fishing, skiing, and year-round outdoor recreation.
More than just a house, this is a home designed for gathering, entertaining, and making memories for years to come.
*5th bedroom currently used as an office, includes closet.
*Propane gas cooktop runs off a buried propane tank leased from AmeriGas, not owned. Tank doesn't convey, buyer would take over or set up their own AmeriGas account.
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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%.
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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.
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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.
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About Highlands-By-The-Lake
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- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017