746 E Island DR
About This Property
The property features an ideal layout, with four bedrooms - two downstairs and two upstairs. Each offers something unique - a large bunkhouse style room that can easily sleep 4+ by itself (complete with 1/2 bath), a master with direct access to the lakefront patio, and much more.
The main room is spacious, and has an amazing curved wall of windows to maximize lake views. The dining areas are currently configured to seat 14, and the outdoor spaces provide additional dining and relaxation options - including a large concrete patio and upper deck with a view that must be seen to be believed.
Thoughtful details abound, including granite countertops, quality fixtures, walk-in closets, four sets of double doors on the lake side of the home, and a laundry/utility room. There are two sheds on the property for outdoor storage, as well as a two-vehicle carport. Other recent improvements include complete exterior staining and new lake-side windows on the first floor (both 10-2025).
The home is low-maintenance, with an efficient HVAC system and quality appliances. It is equally well suited for weekend retreats or full-time living.
This highly recognizable home has been well cared for, and is being sold virtually turn-key, with many furnishings included, and others negotiable. A fantastic opportunity to invest, relax, and live on beautiful Lake Buchanan!
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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 15, 2026 | Price Decreased |
$669,000
↓ $30K
(4.3%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$699,000
↓ $40K
(5.4%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by Listing Results, LLC | $739,000 | |
| Listed by Listing Results, LLC | |||
| Sep 1, 2019 | No longer available | - | |
| No longer available | |||
| Aug 4, 2019 | Listed | $425,000 | |
| Listed | |||
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Charming lake home with plenty of room for family. 4 bedrooms 2 1/2 baths, this home is ready to enjoy what Lake Buchanan can offer. Great views, just steps from the water. Lovely decks off of both bedrooms upstairs, a great home for family enjoyment or as a second home. The manager has listed the unit size as 2163 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017