1006 Eric Court
About This Property
The lot has been cleared and improved with a gravel RV pad, electric service already in place, and an approved three-bedroom septic permit with the system layout completed. The property is situated on a quiet cul-de-sac, providing privacy and a peaceful setting on Douglas Lake.
This property provides flexibility for buyers seeking a lake retreat or a long-term investment opportunity on Douglas Lake and in the Smoky Mountains. Buyer to verify zoning, lake access, and intended use.
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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 |
|---|---|---|---|
| Aug 8, 2026 | Price Decreased |
$299,900
↓ $45K
(13.1%) | |
| Price Decreased | |||
| Jun 6, 2026 | Listed by eXp Realty, LLC 7720 | $345,000 | |
| Listed by eXp Realty, LLC 7720 | |||
| May 13, 2026 | No longer available | - | |
| No longer available | |||
| Feb 3, 2026 | Price Decreased |
$365,000
↓ $274K
(42.9%) | |
| Price Decreased | |||
| Jan 8, 2026 | Listed by eXp Realty, LLC 7720 | $639,000 | |
| Listed by eXp Realty, LLC 7720 | |||
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Douglas Lake property located at 1006 Eric Ct, Sevierville, TN 37876, offering a rare opportunity to own a 1.5-acre cleared and improved lake lot. This build-ready property is well suited for a future short-term rental cabin or permanent lake home while allowing immediate use and enjoyment.
The lot has been cleared and improved with a gravel RV pad, electric service already in place, and an approved three-bedroom septic permit with the system layout completed. A well will be installed prior to closing. The property is situated on a quiet cul-de-sac, providing privacy and a peaceful setting on Douglas Lake.
This property provides flexibility for buyers seeking a lake retreat or a long-term investment opportunity on Douglas Lake and in the Smoky Mountains. Buyer to verify zoning, lake access, and intended use.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017