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7 Lake Avenue
About This Property
Unrivaled Outdoor Living & Grounds
Designed as the ultimate private getaway, the grounds feature an additional 1,325 square feet of outdoor living, anchored by a massive wrap-around deck. Step outside to a resort-style paradise complete with a plunge pool, separate jacuzzi, outdoor kitchen, two koi ponds, a tranquil stream, built-in seating areas, and beautiful lake views. Parking and storage are effortless with a 6-car heated garage plus a covered port under the deck. The area is complete with an outdoor kitchen.
Land & Expansion Opportunity
Situated on a lush 1.58-acre lot, the entire property enjoys deeded access to Lake Walton. The listed price includes the home and the primary 1.77-acre lot. Buyers also have the unique option to acquire the adjacent cleared parcel (1.77 acres currently) for an additional $250,000-creating an expansive 3.358-acre private estate compound. The cleared parcel will be set back to approximately 1.5 acres.
Prime Location
Located in one of Orange County's most sought-after communities, Monroe offers the perfect union of nature and convenience. Just about one hour from NYC, residents enjoy top-rated school systems, vibrant small-town charm, and easy access to a rich selection of eateries, cafes, bars, and parks-with nature right at your doorstep.
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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%.
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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.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Listed by Urbane Brokerage | $999,000 | |
| Listed by Urbane Brokerage | |||
| May 25, 2024 | Sold | ||
| Sold | |||
| Jan 29, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2023 | Listed by John J Lease REALTORS Inc | $999,000 | |
| Listed by John J Lease REALTORS Inc | |||
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A rare opportunity awaits the new owners of this historic, grand, lake front estate. Situated on 3.5 acres (including the 2.1 acre attached lot), with stunning views of Walton Lake, and including a private dock and lakefront gazebo. Outside is an oasis that is ideal for entertaining. There is a large patio plus a hot tub, heated saltwater soaking lounge with waterfall, full outdoor kitchen and bathroom. This parklike property also includes a heated 6 car garage, ideal for the car enthusiast. Inside there are unmatched original details. The double sided stone fireplace is expansive and the perfect addition for a cozy evening on colder winter nights. The woodwork throughout the home is truly the work of a master craftsman. The master bedroom has a private balcony with views of the lake. One of the most impressive features of the home is the large, wrap-around porch, with wood floors, wood ceilings, perfect lake views and big enough to host a large gathering. There is also a "spa room," complete with sauna, jacuzzi type tub, wet bar and a hot tub. Not many homes come with their own dock and gazebo, but the new owners can enjoy boating on this beautiful lake right from their own property. A home such as this is not one that comes on the market very often, but now is that rare opportunity to call this home your own.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017