8254 Spruce Drive
About This Property
Beautiful details like a stained glass window add warmth and uniqueness, while the covered deck provides the perfect spot to relax and take in peaceful waterfront views. Nestled in a quiet, wooded setting on a no-wake lake, this property offers tranquility along with access to multiple connected lakes--ideal for fishing and exploring.
The heated walkout basement adds extra living space and flexibility, making this home as functional as it is picturesque.
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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 29, 2026 | Sold | ||
| Sold | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Price Decreased |
$299,900
↓ $20K
(6.3%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Howard Hanna Real Estate Services | $319,900 | |
| Listed by Howard Hanna Real Estate Services | |||
| Sep 12, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017