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Map
5405 Edgewater Drive
About This Property
custom iron door and immediately see the breathtaking views of PK Lake through the expansive doors and windows along the back of the house. Take in the beautiful open living, dining and kitchen area with vaulted wood ceilings and steel beams engineered just for this home! The
owners designed this home for privacy and entertainment. There are nice surprises throughout the kitchen such as a hidden coffee bar and bar cabinet, a HUGE gourmet island with a custom wood cutting board insert and a hidden caterer's pantry; again, every need met through meticulous design. Upstairs you will find the bunk room and game room which can sleep up to eight people with its own ensuite bathroom. Downstairs each bedroom has its own walk in closet and lovely ensuite bathroom. Enjoy a secluded primary suite with amazing lake views and its own private patio. Also included is a fortified safe room for added protection and peace of mind. The oversized heated and cooled third car garage with beautiful epoxy floor finish is the perfect place to store your boat or RV, game tables, or work out equipment. Outside is where you will never want to leave! Enjoy your morning coffee watching the sun rise over the big open views of the lake. Then appreciate the cool shade in the evening after a day on the lake while cooking in your outdoor kitchen, relaxing in the heated and chilled cocktail pool or taking a walk down to the dock with easy access to your boat and PWCs. The outdoor space is low maintenance with beautiful turf and a side yard for dog run. Also included is a 48KW Generac
generator serving the entire home. Escape your busy life to Possum Kingdom Lake, and the quiet peacefulness of this home will make you never want to leave!
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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 |
|---|---|---|---|
| Sep 1, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by Century 21 Mike Bowman, Inc. | $3,995,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017