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216 Overlook Drive

East Stroudsburg, PA 18301

4

3

2,631 Sq.Ft.

Single Family Residential

$679,900

Year Built

1981

Price per sq.ft

$258

Experience the essence of peaceful elegance in this beautifully appointed lakefront haven nestled within the renowned Penn Estates Development. As a cherished gem in the serene Pocono landscape, this home marries affordability with high-end features, crafting an experience that is both exclusive and accessible. As you cross the threshold, be drawn into the expansive sunken great room, adorned with a striking brick fireplace, vaulted ceilings, and floor-to-ceiling windows that showcase the magnificent lake view—bringing the allure of the lakefront right into your living room. The room opens onto a generous deck, your personal vantage point for soaking in the serene beauty of the lake and its environs. The kitchen-dining duo is a testament to functional design, complete with modern stainless-steel appliances and easy deck accessideal for open-air cooking experiences or peaceful deer-watching amidst the calm of early mornings. The primary suite on this level indulges you with a private bathroom and an outdoor deck that ensures panoramic lake views as part of your everyday. An additional spacious bedroom and full bathroom on this level ensure an effortlessly comfortable living experience. The lower-level houses two more generous bedrooms, each boasting serene lake vistas, and a versatile family/game room that flows onto a charming patio. Here, a hot tub awaits, primed for relaxation, with a pathway leading you from the patio to the lakefront. This enchanting spot invites activities from fishing to boating, or simply relaxing by the lake, as the day transitions into a picturesque sunset. A standout advantage of this property lies in its inclusion in a Homeowners Association that permits short-term rentals, including Airbnb, providing an exciting avenue for potential income. Whether as a year-round dwelling or an investment opportunity, this home offers an appealing proposition. Pocono's beautiful lake views are ready to be your everyday vista. Don't let this captivating lake view property escape your grasp. Arrange your exclusive viewing today and let the magic of lakefront living captivate your senses.

Property Investment Potential

Short-term rental strategy

Optimal strategy

Cap Rate

2.95%

Avg. Monthly Income

$3,989

Expenses

$344

Long-term rental strategy

Cap Rate

2.45%

Avg. Monthly Income

$2,819

Expenses

$115

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Comparables

property

+ Revenue Estimate

$679,900

216 Overlook Drive

Penn Estates

4

3

2631sq.ft

Cap rate

2.95%

Occupancy rate

40.00%

property

+ Revenue Estimate

$315,000

115 Sundew Drive

Penn Estates

4

2

1670sq.ft

Cap rate

8.10%

Occupancy rate

40.00%

property

+ Revenue Estimate

$420,000

1905 Exeter Terrace

Penn Estates

5

3

2572sq.ft

Cap rate

10.08%

Occupancy rate

42.00%

property

+ Revenue Estimate

$339,000

6109 Edgeview Drive

Penn Estates

4

3

1472sq.ft

Cap rate

7.34%

Occupancy rate

40.00%