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11 Hearthstone Drive
About This Property
From the moment you arrive, mature landscaping, a private setting, and beautiful mountain views create an impressive sense of arrival. Inside, timeless design, abundant natural light, gleaming hardwood floors, and thoughtful details create a home that feels both elegant and inviting. The main level offers an exceptional flow for everyday living and entertaining, featuring beautiful gathering spaces, a striking stone fireplace, a beautifully appointed kitchen, a sun-filled room, and a private office. Expansive outdoor spaces invite you to enjoy the peaceful wooded setting and mountain views. Upstairs, the spacious primary suite takes full advantage of the scenery, while additional bedrooms provide flexibility for family and guests. And then there is the unexpected-additional private retreats, a library lounge, studio space, and an impressive recreation/media area offering possibilities rarely found in a home of this caliber. Outside, expansive decks and terraces extend the living space, while an oversized three-car garage, abundant storage, main-level laundry, gated entry, and convenient parking add everyday functionality. With its coveted South Asheville location, peaceful surroundings, mountain views, and remarkable versatility, this is a residence that truly needs to be experienced.
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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 |
$1,465,325
↓ $45K
(3%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$1,510,000
↓ $76K
(4.8%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Keller Williams Elite Realty | $1,585,850 | |
| Listed by Keller Williams Elite Realty | |||
| Jan 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 9, 2025 | Price Decreased |
$1,689,000
↓ $60K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017