23
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9051 Lacy Road
About This Property
This 3-bedroom, 1-bath waterfront retreat offers approximately 1,268 square feet on 0.46 acres and is ideal as a full-time residence, weekend getaway, or potential vacation rental. Located on a stretch of waterfront where neighboring properties are successfully utilized as vacation rentals, this property provides flexibility for personal enjoyment or future income potential.
Relax on the covered patio overlooking calm, protected waters, or take a short walk to the private dock, approximately 3 years old. Enjoy fishing, kayak-friendly waters, swimming, and easy access for pontoon and bass boats. The quiet cove setting offers a peaceful waterfront experience away from heavier lake traffic while still enjoying all that Possum Kingdom Lake has to offer.
Recent improvements include energy-efficient mini-split systems installed two years ago, an updated electrical panel, and improved plumbing to the water heater. The home is all-electric, features a metal roof, and includes a storage building for lake equipment.
Whether you're looking for a waterfront home, family lake retreat, or a property with short-term rental potential, Dragonfly Cottage offers a rare opportunity to own deeded waterfront on Possum Kingdom Lake.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Price Increased |
$325,000
↑ $10K
(3.2%) | |
| Price Increased | |||
| Sep 3, 2026 | Sold | ||
| Sold | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Relisted | $340,000 | |
| Relisted | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017