115 Granny Davis Way
About This Property
Douglas Lake Waterfront Retreat with Breathtaking Views!
Beautifully remodeled 3BR/2BA home with an Additional Office room on 0.72 acres, presenting an opportunity to add your own Boat Dock or Ramp. Enjoy a HUGE 24x48 drive-thru detached garage with plane hanger doors & 30-amp RV hookup, plus extensive updates that make this home truly move-in ready.
Approx. 2,356 sq ft with a split bedroom layout, open living/dining with propane gas fireplace, and a stunning kitchen featuring granite, soft-close cabinets, white oak floating shelves, undercabinet lighting, and new appliances. The primary suite has been fully renovated with new flooring, plumbing, lighting, double vanity, and walk-in shower. New LVP flooring throughout most of the home, new carpet in bedrooms, smooth ceilings, and all-new LED lighting complete the interior refresh.
Exterior improvements include rebuilt front porch, a refreshed deck, gutters, water heater, new water treatment and softener system, septic system pumped and inspected with riser added, and well chlorinated and inspected.
Everything is ready--just move right in and start enjoying lake life!
Enjoy the best of both worlds--private, scenic living with modern-day convenience. You're less than 10 minutes from Indian Creek Dock & Indian Creek Market, less than 20 minutes to grocery stores, restaurants, and shopping in Newport, and less than 10 minutes to Interstate 40, offering quick access to Knoxville, North Carolina, and the Tri-Cities.
***Information is taken from tax records and is deemed reliable but not guaranteed. Buyer to verify all details to their satisfaction.***
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Cap Rate Calculator
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 14, 2026 | Sold | ||
| Sold | |||
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 9, 2026 | Price Decreased |
$522,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jul 2, 2026 | Price Decreased |
$523,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017