1001 Stone Drive
About This Property
The property includes an additional lot that was acquired to preserve the wooded privacy surrounding the home, creating an exceptional buffer within one of Brevard's most desirable established communities. The additional lot also offers future flexibility and could be sold separately. With mature woods, generous acreage, and year-round long-range mountain views, the setting captures the very qualities buyers come to Western North Carolina to find, without sacrificing the conveniences of living in town.
The home features an excellent floor plan designed around comfortable main level living. The primary living spaces are positioned to take advantage of the mountain setting, while a covered porch and inviting communal areas provide wonderful places to relax, entertain, and enjoy the views throughout the seasons. The main level offers everything needed for everyday living, while the lower level provides substantial overflow space ideal for guests, hobbies, recreation, a home office, or additional flexible living space. A two-car garage adds to the home's everyday practicality.
Deerlake Village has long been one of Brevard's most popular communities, offering low community dues and an impressive collection of amenities, including a clubhouse, swimming pool, private lake, and hiking trails. The neighborhood also connects to Brevard's bike path, making it easy to enjoy the restaurants, shops, arts, healthcare, and community amenities that make downtown Brevard such a special place to call home.
Beyond town, Pisgah National Forest is just minutes away, providing access to some of the finest hiking, mountain biking, fly fishing, waterfalls, and outdoor recreation in the Southeast. Asheville Regional Airport is also conveniently accessible, providing an easy connection to destinations beyond the mountains.
What makes 1001 Stone Drive truly special is the balance it achieves. Few properties offer 4.38 acres, wooded privacy, year-round mountain views, city utilities, neighborhood amenities, and such convenient access to downtown Brevard. Here, you can enjoy the peace and natural beauty of mountain living while remaining connected to everything that makes Brevard one of the most celebrated mountain towns in Western North Carolina.
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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 |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$750,000
↓ $30K
(3.9%) | |
| Price Decreased | |||
| Sep 19, 2026 | Listed by Looking Glass Realty | $780,000 | |
| Listed by Looking Glass Realty | |||
| Sep 30, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017