56
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705 Cedar Beach
About This Property
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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%.
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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.
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 15, 2026 | Sold | ||
| Sold | |||
| Jul 3, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$1,424,000
↓ $75K
(5%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by BHHS Vermont Realty Group/Vergennes | $1,499,000 | |
| Listed by BHHS Vermont Realty Group/Vergennes | |||
| Jul 30, 2017 | Listed | $839,900 | |
| Listed | |||
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Waterlot is as quaint as seasonal cottages get. Overlooking Converse Bay on Lake Champlain on 2.7 acres with views south and west to the Adirondacks, it offers many opportunities to turn it into a year-round residence or keep intact as a lakeside escape. Large decks-- perfect for entertaining-- surround and add to the footprint. Floor plan includes a 2-story living room, eat-in kitchen, one bedroom, sleeping loft, one full and one half bath. Completely renovated in 2006. Outbuilding with storage and extra sleeping space. Newer stairway leads to the 330 feet of shoreline with 2 moorings. A special spot not to be missed!The manager has listed the unit size as 870 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017