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106 Cornell Circle
About This Property
106 Cornell Circle, Lake Lure, NC 28746
Apple Valley Farm (AVF) Motorcoach Resort is a small enclave of privately owned Class A motorcoach lots nestled in the mountains of Lake Lure, NC. This gorgeous lot is a pull in lot providing beautiful views of the lake and nearby Rumbling Bald mountain right from your coach! The lot has full hook up; 50 AMP electric, water, sewer and free resort WIFI. It is tree lined providing desirable shade and privacy. The community has paved roads and concrete pads. Beyond the lake, enjoy the mountain views and mature landscaping within AVF. The lot also includes sturdy year-round Polwood furniture, built in swinging bench for two and a brand new smokeless Solo fire pit. Community amenities include a clubhouse with kitchen and washer/dryer, as well as the Victory Kitchen Restaurant located within the community. AVF lot owners also have access to the association owned twenty-five foot pontoon boat with is moored
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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 |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$100,000
↓ $15K
(13%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by Beycome Brokerage Realty LLC | $125,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Aug 24, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017