Category Archives: Swan Lake
Here’s the first line of the listing for this Swan Lake contemporary with three beds and three baths: “OWNER SAYS SELL AND WILL ACCEPT ANY REASONABLE OFFER.” Always a nice place to start. I’m feeling a little less gung-ho about Swan Lake since a few have written in to say that the lake itself is not so delicious — more a body of water to look at than to swim in. But if that doesn’t stop you, this is a nice size and a nice price, with a motivated seller. Last purchased in 2002 for $175,000 by a Manhattanite. It’s also for rent, for $1750 a month. If you can get that, you could cover your mortgage several times a year. Stats on the jump.
I got wind of this four-bedroom chalet-ish rental on Swan Lake through the local parents listserv in my neighborhood, and it caught my eye. Hilltop pool! 360-degree views! Mod furnishings that look more Heywood Wakefield than IKEA! It says its on 10 secluded acres, which I did not realize was a possibility on Swan Lake. Hm.
Perhaps most interesting is the rental price. Starts at $350 per night and $2500 per week. A similar property, with five beds and three baths, in need of a designer’s touch, is $165,000. Let’s say you spend $100,000 renovating and adding a pool (is that too modest an estimate, if the property only needs cosmetic changes?) — I still think you could make most of your mortgage and expenses back if you rented it out for one week a month. The house above is a world more appealing than other Swan Lake rentals I’ve looked at, so that’s a lesson, too: if you want to make a little income off your country house, beautify it right.