65 CHESTNUT RAIL LANE
About This Property
Exceptional lakefront living on 3 private acres in Madison County, offering breathtaking water views and effortless one-level living. This beautifully updated 3-bedroom, 2-bath home showcases a light-filled open floor plan with vaulted ceilings, gleaming hardwood floors, and expansive windows designed to frame the lake from nearly every room. The upgraded kitchen features quartz countertops, abundant cabinetry, and a spacious eat-in area, seamlessly connecting to a dedicated dining space ideal for entertaining. The oversized primary suite serves as a private retreat with serene water views that create a true sense of escape. Outdoor living is equally impressive with a multi-tiered wraparound deck perfectly positioned to take in the tranquil waterfront setting. A paved circular driveway, carport, and a detached heated and cooled office or studio provide added convenience and flexibility for remote work, guests, or creative use. Located in the sought-after Malvern of Madison community, residents enjoy access to a private lake, pool, clubhouse, and playground, along with Comcast high-speed internet availability. A rare opportunity to own a private, move-in ready lakefront property with acreage, combining peaceful country living with modern comfort and convenience. Some photos have been virtually enhanced, More info and additional photos coming soon.
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 7, 2026 | Listed by RE/MAX Gateway | $475,000 | |
| Listed by RE/MAX Gateway | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| May 11, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $349,000 | |
| Listed | |||
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WATER FRONT ON MALVERN LAKE. ONE LEVEL LIVING! Very well maintained 3br/2ba open layout ranch home with hardwood floors, vaulted ceilings, huge master suite, sun room with ceramic tile floor, wrap around tiered deck for enjoying the incredible view of the lake and wildlife. Storage shed with water and electricity, xfinity high speed internet, community pool and clubhouse! See Aerial Tour! The manager has listed the unit size as 2040 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017