132 HOLLY HILL ROAD
About This Property
The home was conceived and built by Steve McCaughan of Commonwealth Building & Design, a Washington-region builder whose work is defined by quiet precision and long-standing collaborations with leading modern architects, including years of residential work alongside Robert Gurney, FAIA. That lineage is evident here, not in imitation, but in discipline, proportion, and restraint.
Every primary space is oriented to the view. The architecture unfolds across two levels, anchored by a dramatic outdoor terrace that extends the living experience into the landscape and turns the horizon into a daily event. The result is a house that feels intentional from every angle, with no secondary rooms and no wasted moments.
Construction was executed to a standard rarely found in the mountain setting. A concrete foundation supports a fully engineered floor system, assembled with glued and screwed precision for longevity and quiet performance. Exterior walls are framed in 2x6 construction and fully encapsulated in spray foam insulation, while the roof structure is sheathed in upgraded plywood and finished with a premium standing-seam metal roof, selected and detailed to maintain a flat, refined appearance over time. Fire resistance and durability were prioritized throughout, with cement-fiber siding, metal roofing, and smooth-finish fire-rated drywall ceilings.
Inside, the palette is calm and confident. Wide plank white oak floors run throughout the main level, finished in a soft satin sheen that reflects natural light without glare. The kitchen is modern and architectural, with smoked tone cabinetry, black leathered stone surfaces balanced by a white Silestone island, and polished Grohe fixtures that feel deliberate rather than decorative.
This is a home designed to endure, visually and structurally. It is equally suited as a full-time residence or a refined mountain retreat, located approximately thirty-five minutes from Massanutten Resort, yet removed from the density and noise that often define resort-driven development. What remains is architecture, landscape, and light, brought together with uncommon care.
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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 |
|---|---|---|---|
| Feb 12, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Jan 5, 2026 | Listed by TTR Sothebys International Realty | $795,000 | |
| Listed by TTR Sothebys International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017