1338 Torrence Circle #29
About This Property
Emerald Bay residents enjoy resort-style amenities including a lakeside pool, tennis courts and walking/fitness trails. Monthly HOA dues cover exterior maintenance and common-area upkeep. Davidson Landing also offers boat slips for rent, a dock/pier, playground and lakefront recreation area, making it easy to embrace the waterfront lifestyle. This turnkey condo is minutes from Davidson College, downtown shops and restaurants, and I-77. Whether you're seeking a primary residence, vacation retreat or investment opportunity, this home combines comfort, modern updates and spectacular Lake Norman views.
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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 1, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 4, 2026 | Price Decreased |
$539,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by NextHome World Class | $540,000 | |
| Listed by NextHome World Class | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/02/2026
| |
2 Bed
|
2 Bath
|
1156 ft²
|
$539,500
2 Bed
2 Bath
1156 ft²
|
-
-
|
Kelly Myers
NextHome At The Lake
|
|
05/21/2026
|
2 Bed
|
2 Bath
|
1156 ft²
|
$540,000
2 Bed
2 Bath
1156 ft²
|
-
-
|
Kelly Myers
NextHome At The Lake
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017