8790 Circle Oak Drive
About This Property
The expansive living room, featuring a cozy fireplace, flows seamlessly into a beautiful and functional kitchen. The kitchen, designed with a center island and ample counter space, caters to hosting multiple cooks in the kitchen and is open to a bright dining area with an abundance of windows. This space extends to a welcoming back patio, perfect for indoor-outdoor dining and enjoyment.
Ascend the outdoor stairs to discover an upper deck offering more panoramic views and additional areas to unwind and embrace lake living. The first floor also includes a guest bath and a convenient laundry room.
On the upper level, three bedrooms and two bathrooms await, including a family room with access to both front and back upper patios. The primary suite is thoughtfully positioned on a separate side of the home from the other bedrooms.
This residence has been thoughtfully expanded by approximately 956 square feet, bringing the total living space to around 2,756 square feet. Recent updates include new flooring and countertops, enhancing its modern appeal. Enjoy breathtaking lake views from the front of the home and the upper deck.
The oversized garage is essential in this lakeside community, as it provides ample space for your boat and lake toys. A functional breezeway between the home and garage allows for easy access from the front to the rear of the home, creating an open and inviting atmosphere. Homesite is usable and mostly flat.
Oak Shores is a gated community offering numerous amenities for homeowners and their guests, including a private marina, boat launch ramp and slips, pool, clubhouse, BBQ area, and a miniature golf course. This property is more than a home; it's a lifestyle waiting for you to embrace.
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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 14, 2024 | Sold | ||
| Sold | |||
| Jul 1, 2024 | Listed by Richardson Sotheby's International Realty | $837,500 | |
| Listed by Richardson Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017