848 LAKE SHORE Terrace
About This Property
***The sellers are motivated and will consider all offers!***
This beautifully maintained home spans two spacious lots, offering over 3/4 of an acre with canal access to ski-size Lake Grandin and direct entry to the lake via the community boat launch. Inside, you'll enjoy an open floor plan featuring an eat-in kitchen, a cozy fireplace, and a lakeside Florida room-perfect for both relaxation and entertaining.
Outdoor amenities include a concrete driveway, two docks (one with a convenient boat slip), and a 2-car garage complete with a half bath and office space. The property also comes equipped with a standby generator, ensuring comfort and security during power outages.
Situated in the sought-after Grandin Lake Shores community. Call today to view this quality home!
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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 |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 15, 2025 | Price Decreased |
$329,000
↓ $10K
(3%) | |
| Price Decreased | |||
| Jan 16, 2025 | Listed by NICOSIA REALTY INC. | $339,000 | |
| Listed by NICOSIA REALTY INC. | |||
| Jan 6, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017