Lot 59 El Sueno
About This Property
A standout feature is the custom 900-square-foot boathouse built by David Kyle Builders, complete with water and electric service, cedar siding, metal ceiling, Trex decking, double railings along the 100-foot walkway, a 10' x 24' boat slip with electric lift, aluminum pontoon cradle, swim stairs, and a boathouse closet prewired for an irrigation pump.
The shoreline is improved with a retaining wall and a 4-foot-wide, 125-foot concrete sidewalk featuring an expanded lakeside sitting area perfect for relaxing and enjoying the view. Additional site improvements include a culvert, roughed-in driveway, installed water and electric meters, and completed soil core samples by Eyncon Engineering.
Arrowhead property owners enjoy gated access plus exclusive use of a private community boat ramp and dock. With major improvements already completed and spectacular open water views waiting outside your future back door, this is an outstanding opportunity to create the lakefront lifestyle you've been dreaming about.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Listed by RE/MAX Lakeside Dreams | $449,000 | |
| Listed by RE/MAX Lakeside Dreams | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017