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$2,110,000

For Sale - Active
3381 E Lakeshore Dr, Baton Rouge, LA 70808
4 Beds
4 Baths
4,062 Square Feet
0.41 Acres Lot
Built in 1992
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jun 17, 2025 at 03:08AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$7,225
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Property Description


0.41 Acres Lot
Built in 1992
For Sale - Active
Units n/a

This one-of-a-kind masterpiece on the LSU Lakes encapsulates timeless beauty, where every detail has been meticulously curated by Todd Normand Design and artfully orchestrated by Owen Group Interiors. Every element, from the custom wood floors to the imported French finishes, reflects a commitment to quality and sophistication that is simply unmatched. No expense was spared in transforming this home into a sanctuary of style and comfort. The half-bath features exclusive tiles and a sink sourced from France's Chateau Domingue, while the kitchen island is complemented by antique light fixtures that add timeless charm. New custom windows frame every view, filling the home with natural light and showcasing the serene beauty of the LSU Lakes. Approach the home along a beautifully bricked walkway leading to an expansive front porch—an ideal spot to relax and take in the breathtaking lake views. From this vantage point, enjoy the ever-changing scenery: gatherings of pelicans, the Spanish Town pink flamingos during Mardi Gras, diverse wildlife, and even a view of the iconic LSU clock tower. Also, an outdoor kitchen, a cocktail pool with hot tub, and large storage room/workshop. Whether entertaining or unwinding, this outdoor oasis delivers. Inside, the layout is designed for both luxury and practicality. The large living room, dining room, and keeping room all maximize lake views, creating a seamless blend of indoor and outdoor living. The downstairs master suite is a retreat of its own, featuring a generous sitting area, heated marble bathroom floors, a custom shower, and dual walk-in closets. Upstairs, three additional bedrooms are complemented by a media room and a cozy computer nook, offering flexible spaces for relaxation and work. This home embodies custom quality and luxury at every turn. With its prime location, extraordinary design, and exclusive finishes, it is truly a once-in-a-lifetime offering. Don't miss your chance to own this extraordinary home.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport, Covered, Detached, Off Street, On Street, Concrete, Driveway
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 142093
  • Lot Size: 17859 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Acadian
  • Year Built: 1992

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: East Baton Rouge Parish

Listing Details


Listed by:
Jewel Fourrier
Weichert, Realtors-Turnkey
(225) 454-0177

Source:
Greater Baton Rouge Association of REALTORS
MLS#: 2025004434
Greater Baton Rouge Association of REALTORS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$7,225
Cap Rate
1.6%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-13.3%

Purchase Details

Find an Agent

Purchase price:
$2,110,000
Amount financed:
-$1,688,000
Down payment:
$422,000
Closing costs:
$63,300
Rehab costs:
$0
Initial cash invested:
$485,300
Square feet:
4,062
Cost per square foot:
$519
Monthly rent per square foot:
$0.98

Financing Details

Find a Lender

Loan amount:
$1,688,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$9,985
Property tax:
$0
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,265

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,000-$12,000

Cash Flow


Monthly Yearly
Net operating income:
$2,760 $33,120
Mortgage payments:
-$9,985 -$119,820
Cash flow:
$7,225 $86,700