0000 Short Ridge Lane
About This Property
This unrestricted land includes a currently valid 3-bedroom septic permit (available for review) and carries the allure of mountain living without compromise. Nestled just moments from the Great Smoky Mountains National Park, the Appalachian Trail, I-40, Waynesville, and Asheville, it strikes the perfect balance between wilderness serenity and everyday convenience.
If you've imagined your own forested getaway, multi-home family compound, or private retreat with dramatic views, this rare piece of the mountains stands ready.
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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 |
|---|---|---|---|
| May 20, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Listed by Keller Williams Biltmore Village | $115,000 | |
| Listed by Keller Williams Biltmore Village | |||
| Jun 2, 2025 | No longer available | - | |
| No longer available | |||
| Jan 17, 2025 | Relisted | $150,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017