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7077 W Hells Gate Drive
About This Property
Perched high above the iconic Hell's Gate channel in Sportsman's World, this extraordinary fully furnished waterfront estate offers breathtaking panoramic lake views from virtually every room. Beyond its luxury appeal, this property is an exceptional investment opportunity, generating just under $300,000 in gross short-term rental income last year, making it one of the top-performing vacation rentals on Possum Kingdom Lake.
Designed for unforgettable gatherings, the home features two luxurious primary suites, expansive living spaces, a game room, and walls of glass showcasing stunning water views. Step outside to a resort-style outdoor oasis highlighted by two swimming pools. Relax in the elevated infinity-edge pool overlooking the lake or enjoy endless fun in the lower pool complete with a dramatic waterslide.
For ultimate relaxation, retreat to the impressive 12x9 sauna and Himalayan salt cave featuring over $30,000 in imported Pakistan salt walls, creating a private spa experience rarely found in residential properties.
The expansive rooftop observation deck offers one of the most spectacular vantage points on the lake, perfect for taking in breathtaking sunsets, watching the famous Hell's Gate fireworks, and enjoying panoramic views that stretch for miles. Multiple outdoor living areas and firepit gathering spaces make entertaining effortless.
Located within the highly sought-after Sportsman's World community, owners enjoy access to a marina, community pool, tennis courts, pavilion, playground, and general store and grill.
Whether you're seeking a luxury lakefront retreat, a premier investment property, or both, this remarkable estate delivers an unmatched Possum Kingdom Lake lifestyle with world-class amenities, incredible income potential, and views that simply cannot be replicated.
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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 11, 2026 | Price Decreased |
$3,449,000
↓ $50K
(1.4%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by Smart Realty | $3,499,000 | |
| Listed by Smart Realty | |||
| Apr 30, 2024 | No longer available | - | |
| No longer available | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Smart Realty | $2,590,000 | |
| Listed by Smart Realty | |||
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Discover a once-in-a-lifetime Lake Front home on Possum Kingdom Lake! Designed by a professional, this fully furnished masterpiece offers stunning lake views from every room and a rooftop deck. With 2 master suites, a gameroom, and 2 swimming pools—one for relaxation and one for fun—this home is a paradise. Unwind in the 12x9 ft Sauna or retreat to the Himalayan salt cave with 30K worth of imported salt located beneath the master bedroom. Located in Sportsmans World offering many amenities, this home is an unrivaled gem. Don't miss out on this exceptional opportunity! The manager has listed the unit size as 3920 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017