112 Windy Gap Road
About This Property
The main level features two spacious primary bedrooms, each serving as a private sanctuary complete with its own dedicated ensuite full bathroom. Designed for effortless entertaining and versatile living, the beautifully finished basement expands the home's footprint, boasting a cozy den, a third bedroom with an ensuite bath, and a large two-car garage complemented by extensive extra storage rooms.
Outdoor living is elevated to an art form on the massive, 650 square foot rear deck which delivers an extraordinary vantage point to soak in the dramatic, changing colors of the Blue Ridge peaks and observe the area's abundant local wildlife. While this meticulously well cared for home feels worlds away in its quiet mountain sanctuary, it sits just 10 minutes from the award winning dining, vibrant shopping, eclectic entertainment, and world class healthcare of Downtown Asheville, and a mere 5 minutes from the iconic Blue Ridge Parkway. This is mountain living at its absolute finest.
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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 |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
| Sep 30, 2026 | Price Decreased |
$825,000
↓ $50K
(5.7%) | |
| Price Decreased | |||
| Aug 28, 2026 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Jul 7, 2026 | Listed by Keller Williams Elite Realty | $899,900 | |
| Listed by Keller Williams Elite Realty | |||
| May 22, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017