71 Water Ridge Dr.
About This Property
The open-concept living area seamlessly flows into the kitchen, creating the perfect space for family gatherings and entertaining. The kitchen is highlighted by elegant granite countertops and complemented by beautiful wood-tile floors throughout the home. The cozy corner wood-burning fireplace in the living room adds a warm touch to the ambiance.
Step outside to your expansive, fully fenced backyard, where you'll find a massive covered outdoor kitchen, ideal for entertaining. This outdoor oasis features a Blackstone griddle, a Traeger pellet grill, and a wood-burning fireplace, complete with a TV and a huge island for the ultimate outdoor gathering experience.
Recent updates include a new roof and landscaping, both completed in 2024, enhancing the curb appeal and outdoor living space.
The community amenities offer an exclusive resort-style experience with a sparkling swimming pool and a clubhouse. Just minutes away, residents enjoy private access to the gated Tranquility Cove, where you'll find a boat ramp, boat slips, a playground for the kids, and an RV park for guest accommodations.
This home is the perfect blend of comfort, luxury, and convenience, offering a tranquil retreat just minutes from the lake!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | Listed by Clark Real Estate Group | $549,000 | |
| Listed by Clark Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017