6382 BAKER ROAD
About This Property
Mature oak trees create a private, shaded setting filled with natural beauty. The property is located on a quiet paved street and includes a cleared homesite, an existing 2-bedroom, 1-bath mobile home, and a large detached carport. The mobile home may provide a place to live while building, serve as a weekend retreat or rental, or be removed to make way for a custom lake home.
Lake Geneva and the surrounding Keystone Heights lakes are benefiting from major regional restoration efforts, including the Black Creek Water Resource Development Project and Clay County's Lake Geneva lakebed restoration project. These projects are designed to support aquifer recharge, improve area lake conditions, and prepare portions of Lake Geneva's historic lakebed for anticipated rising water levels. Actual lake levels will remain dependent on rainfall and regional hydrologic conditions.
The property is currently rented for $875 per month, with the tenant scheduled to vacate on September 15, 2026. Whether you envision a custom lakefront residence, peaceful weekend getaway, or long-term land investment, this property offers a hard-to-find combination of acreage, privacy, waterfront location, established utilities, and future potential.
Buyer should independently verify building requirements, utility capacity, mobile-home condition, lake frontage, water levels, and suitability for the buyer's intended use.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Sep 3, 2026 | Listed by NON MLS (realMLS) | $150,000 | |
| Listed by NON MLS (realMLS) | |||
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Entered for Comp Purposes Only.
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| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by SECURE INVESTMENTS REALTY & MA | $150,000 | |
| Listed by SECURE INVESTMENTS REALTY & MA | |||
| Dec 19, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017