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514 SLEIGH DRIVE
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2026 | Price Decreased |
$574,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Dandridge Realty Group, LLC | $575,000 | |
| Listed by Dandridge Realty Group, LLC | |||
| Oct 2, 2025 | Listed | $590,000 | |
| Listed | |||
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Rarely does a property of this quality and location come to market. Situated within the highly exclusive Sleigh Drive enclave—just fifteen homes in total— this residence occupies one of Lake Holiday’s most distinguished addresses. Tucked against hundreds of acres of wooded trails and the quieter, newly improved South end of the lake, the setting is private, serene, and unlike any other within the community.
Only steps away, **Beach Two** offers a sandy swimming area, playground, summer camp space, and convenient boat launch with docks. From the home, enjoy water views—some seasonal, others enduring—providing a constant reminder of the lake’s natural beauty.
Built in 2006, the home has been beautifully renovated with a thoughtful balance of sophistication and comfort. The chef’s kitchen boasts a professional G.E. Café six-burner range, new countertops, flooring, and appliances. Renovated baths, including a refreshed primary suite, showcase timeless style, while period Danish Modern lighting fixtures lend a touch of design-forward character.
All major systems have been updated, including dual-fuel HVAC with heat pumps and a Rinnai tankless water heater. Outside, a new deck and a fully fenced backyard expand the living space for gatherings or quiet enjoyment.
**2023 Upgrades & Enhancements:**
* Renovated primary suite & half bath
* New kitchen appliances, countertops & flooring
* New HVAC & tankless Rinnai water heater
* Updated lighting & ceiling fans
* Plantation shutters & custom blinds
* Fully fenced backyard & new deck
* Additional improvements throughout (full list available)
Life at Lake Holiday offers more than a home—it provides a lifestyle. Residents enjoy the security of a 24-hour gated community and access to a clubhouse, fitness center, parks, three sandy beaches, and a welcoming lake culture.
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| Jul 3, 2023 | Sold | ||
| Sold | |||
| Apr 29, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017