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831 Cove Drive
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%.
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 |
|---|---|---|---|
| Aug 27, 2026 | Price Decreased |
$299,999
↓ $50K
(14.3%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$349,999
↓ $20K
(5.4%) | |
| Price Decreased | |||
| Apr 14, 2026 | Listed by Pinnacle Real Estate Group | $369,999 | |
| Listed by Pinnacle Real Estate Group | |||
| Aug 24, 2025 | Listed | $329,999 | |
| Listed | |||
| | |||
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Build your dream home on this stunning and rare 13,600 sq. ft. lakeview lot. Nestled in a serene and picturesque location, this property features striking outcropping boulders that beautifully enhance the natural landscape. Enjoy breathtaking lake views that create an idyllic setting for relaxation and inspiration.
The sale includes approved building plans, with all permit fees paid and the survey completed—ready for immediate groundbreaking! The proposed residence spans approximately 3,000 sq. ft. and boasts a luxurious A-frame design with charming dormers, along with a lower-level basement. The architectural plans include a tall, attached entry roof and a breezeway roof seamlessly connecting to a spacious 750 sq. ft. detached garage.
Outdoor living is elevated with expansive exterior spaces, including decks, patios, and a breezeway, totaling an impressive 1,550 sq. ft.—perfect for entertaining or unwinding in nature. Designed with durability in mind, the steel frames at the grand entry and breezeway roofs ensure both stability and longevity.
Whether you're envisioning a peaceful family retreat or a lucrative Airbnb investment, this property offers a rare and exciting opportunity to bring your vision to life. Don't miss out on making this dream a reality!
| |||
| Jun 20, 2025 | Price Decreased |
$329,999
↓ $20K
(5.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017