130 Krystal Drive
About This Property
At the heart of the property is the 28± acre spring-fed Krystal Lake offering outstanding fishing and a tranquil setting. The 3,584± sq. ft. Lodge serves as the central gathering place well-suited for entertaining, featuring a large open floor plan with pass-through kitchen, 4 bedrooms, screened porch, pool, and shaded patios that extend the living space into the outdoors. The 2,174± sq. ft. Lake House overlooks the water, complete with four bedrooms, a dock, and covered boathouse. Nearby, additional improvements include a horse barn and riding ring, Manager's House, Stone House, and multiple barns to support farming and equipment needs.
The land itself is equally exceptional. Gordon Lee Farm offers 1.5± miles along the significant Crawfish Spring that merges with nearly a mile of frontage along West Chickamauga Creek -creating an impressive network of water that encompasses nearly all of the property's boundary. The 45± acres of productive crop fields and the 140± acres of hayfields and pastures support the agricultural and recreational components of the farm. Classic white three-board fencing frames over a mile of road frontage.
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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 |
|---|---|---|---|
| Dec 1, 2025 | Listed by The Wings Group, LLC | $8,700,000 | |
| Listed by The Wings Group, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017