1252 Crestview Drive
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 |
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| Apr 7, 2022 | Listed by ListWithFreedom.com | $3,249,499 | |
| Listed by ListWithFreedom.com | |||
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Turn-key established rental property fully updated and remodeled in exclusive location less than 5 minutes from the Pigeon Forge Strip on ~5 open acres with sweeping lawns, a private pond, and views of Mt. LeConte! Comfortably sleeps 26, with plenty of acreage to add several more 2/2 cabins if desired. Commercial appliances, high end furnishings, bar/lounge, and nearly 3,000 square feet of decking with end-to-end bar-top railings make this primed to become the premiere wedding and event venue in the area, with several weddings already on the books. HUGE master bedroom with private balcony and jacuzzi tub, oversized rooms throughout, hot tub, custom bar, hand-wrought iron fireplace, and so much more that must be seen to believed! The Kids Zone includes combo game room with multicade and other arcade games, theater room with 85" screen, and four twin over two queen bunks and queen sleeper to keep the little ones busy. Two additional double queen rooms, and two additional king bedrooms, along with the 7th bedroom/bar/lounge with queen sleeper and separate access. Already in an established rental program with discounted management fee that passes on to new buyer along with existing reservations. Current owners used heavily for their own vacationing alongside rentals, projected to earn over $350,000 on full rental program! Listing price includes custom built heated modular swimming pool to be delivered September 2022 and domain rights to CrestviewEstate website.
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| Dec 31, 2020 | Sold | ||
| Sold | |||
| Nov 7, 2020 | Listed by Mountain Realty Group | $1,300,000 | |
| Listed by Mountain Realty Group | |||
| Nov 8, 2019 | Sold | ||
| Sold | |||
| Nov 9, 2018 | Listed by Mountain Realty Group | $599,900 | |
| Listed by Mountain Realty Group | |||
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If you have been dreaming of an estate near Pigeon Forge with over 4 acres your dream may have just come true. This 4 bedroom, 4 1/2 bath home sits on some of the most gorgeous acreage in the area and it includes a pond that you share with a neighboring lot. There is a full attached apartment that is perfect for guest or a caretaker. A stack stone fireplace towers 2 stories in the center of the home. The formal living room is Octagon in shape with an abundance of windows to take in the breathtaking views including Mt. Le Conte. All the bedrooms are large and spacious. 3 of the bedrooms have views of Mt. Le Conte and surrounding mountains. You have a large kitchen with plenty of cabinet and counter space. There is a formal dining room and an additional dining area off of the den. A laundry room/ half bath combo is conveniently located on the main level. You have a two car attached garage. This home is close and convenient to Wears Valley Road, Pigeon Forge and all the area attractions. The roof is approximately 5 years old. It has 3 heat pumps, one is only 3 years old. Call to set up your appointment to see this magnificent home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017