1120 Eagle Pointe
About This Property
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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%.
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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 |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Apr 27, 2023 | Listed by Mountain Realty Group | $1,499,000 | |
| Listed by Mountain Realty Group | |||
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Welcome to your dream log cabin nestled in the breathtaking Smoky Mountains! This stunning home boasts 5 sleeping rooms and 5 baths with huge, long-range views of both Cove Mountain and Mt LeConte that will leave you in awe. With three levels, a theatre room that comfortably seats 15, and a game room complete with bunk beds and wet bar, this cabin offers ample space for entertaining friends and family. Each bedroom has its own balcony overlooking the stunning views and is complete with a gas fireplace and an en-suite bathroom featuring a jet tub and shower. Bedrooms four and five are located on the lower level, with deck access to the lower gazebo where the hot tub is located, offering a tranquil retreat after a long day of exploring the mountains. This property is situated on a sprawling 2.5-acre lot, providing you with ample space and privacy to relax and enjoy the stunning natural surroundings. The cabin's secluded location ensures privacy, with only one neighbor in sight, the Magnolia Wedding Venue, which even helps generate bookings for the cabin! This property is a strong rental performer, with an impressive average of 260 nights per year booked from 2017-2022 and a rental projection of $177,000, making it a fantastic investment opportunity for anyone looking to capitalize on the high demand for Smoky Mountain rentals. Its central location places you less than 3 miles from the Pigeon Forge Parkway, a 14-minute drive to Dollywood, and just 15 minutes to Gatlinburg. Don't miss your chance to own this spectacular Smoky Mountain log cabin and experience the ultimate mountain lifestyle.
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| Oct 18, 2022 | Listed by Mountain Realty Group | $1,499,000 | |
| Listed by Mountain Realty Group | |||
| Jul 31, 2017 | Listed | $750,000 | |
| Listed | |||
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Investors, this cabin is bringing in $120,000+ per year!! Breathtaker is what you will find when you walk into this custom three level cabin/home. "Breathtaker," a 5-bedroom luxury cabin in a secluded location only 3 miles from downtown! Situated on 2.50 acres, this 3600+ square foot cabin offers incredible views of the Great Smoky Mountains in Wears Valley close to Pigeon Forge. The living room, kitchen, dining and master bedroom are all on the main floor. The top level contains two bedrooms, each include a full bathroom. Located between the bedrooms is the Home Theater Room. It holds theater seating for 15 so everyone can gather together for a movie. On the lower level of this cabin are two additional bedrooms. Both bedrooms have full bathrooms and a door that leads out to the lower deck to the gazebo covered hot-tub. Between the two bedrooms is a spacious game room filled with a pool table, a flat screen TV and wet bar. Step out on any of the decks to relax and enjoy the view and relax.The manager has listed the unit size as 3608 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017