535 LAKE Road
About This Property
Some of the newer updates are; 22kw generator 2019 that operates 80% of the home, Ipe dock 2022, AC for mudroom & Wine Storage in 2023 (the other two are 4-5 years old), fencing 2017, 3 newer Rinnai tankless water heaters, exterior home painted in 2020, Bermuda grass in the front & back are just to name a few.
Owners have recent pool plans already designed and permitted. Ask about our preferred membership offerings at The Ponte Vedra Inn & Club and The Lodge & Club.
Also listed as a furnished rental MLS #2068017
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Price Decreased |
$5,450,000
↓ $300K
(5.2%) | |
| Price Decreased | |||
| May 8, 2025 | Price Decreased |
$5,750,000
↓ $248K
(4.1%) | |
| Price Decreased | |||
| Jan 20, 2025 | Listed by PONTE VEDRA CLUB REALTY, INC. | $5,998,000 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017