550 Beach Road
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%.
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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Price Decreased |
$565,000
↓ $20K
(3.4%) | |
| Price Decreased | |||
| Nov 29, 2025 | Listed by Houlihan Lawrence Inc. | $585,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Embrace the charm of lake living in this beautifully renovated home with lake rights and beach access to Lake Mahopac! Perfect as a get away second home, a starter, for a young family or anyone looking to downsize, this property offers comfort, convenience, and plenty of outdoor enjoyment. Just 0.2 miles from Lake Mahopac, the home sits on a spacious, level lot featuring an above-ground pool, basketball court, garden area, and a fenced backyard that backs up to peaceful woodlands. Inside, you’ll find an inviting open-concept kitchen with granite countertops and stainless steel appliances, flowing into a warm living room with hardwood floors and a striking stone fireplace. All on one level, the home has two bedrooms and two full bathrooms, one with radiant heated floors for added luxury. Enjoy outdoor dining or quiet mornings on the slate patio off the kitchen. Additional features include a mudroom with laundry and walk-out access to a paver patio, attic and crawl space storage, upgraded electrical, plumbing, electric water heater, and energy-efficient windows, along with a newer roof, vinyl siding, and cellulose insulation. Updated doors, hardware, and moldings give the home a fresh, modern feel. A large driveway provides parking for several cars. Experience all that Lake Mahopac has to offer — from boating, swimming, and fishing to miles of scenic walking and biking paths. Enjoy waterfront dining, charming local shops, community events, and easy access to major highways, all while living in a peaceful, nature-rich setting just an hour from NYC. This move-in-ready gem lets you enjoy the very best of lake life!
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| Feb 3, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017