644 Cypress RDG
About This Property
Experience 112 feet of improved Lake Placid frontage in McQueeney. Stone pathways, tiered patios, and multiple seating areas lead to the shoreline. The boathouse features a single boat lift, double jet ski lift, and an upper deck for relaxing, fishing, or enjoying the view. A waterside fire pit, detached two-car garage with workshop, storage building with electricity, and an additional storage building provide plenty of space for lake equipment and outdoor gear.
The renovated mid-century stucco home with a metal roof offers three bedrooms, two baths, and beautiful waterfront views. The kitchen features granite countertops, stainless steel appliances, and a walk-in pantry. The living room is anchored by a wood-burning stone fireplace. The primary suite includes an office area, sliding glass doors to the backyard, and a private bath with a walk-in shower and double vanity.
The home may be purchased fully furnished and decorated, creating a truly turnkey lake retreat or short-term rental opportunity.
Note - property is also available for longer term lease beginning September for $3,500/month.
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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 1, 2026 | Price Decreased |
$699,000
↓ $40K
(5.4%) | |
| Price Decreased | |||
| Aug 14, 2026 | Price Decreased |
$739,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$749,000
↓ $6K
(0.8%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$755,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Jun 6, 2026 | Price Decreased |
$775,000
↓ $24K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017