1338 Torrence Circle
About This Property
This one-level, 2-bedroom, 2-bath home offers about 1,156 square feet, and the water is the first thing you see. The open living area is anchored by a gas log fireplace with a white mantel, and sliding glass doors open to a covered balcony with string lights overlooking the lawn, the community pool, the docks, and the open water beyond. It is the perfect spot for morning coffee, dinner outside, or watching the sunset over the lake.
Luxury vinyl plank floors run through the main living areas, and the kitchen features white cabinetry, granite counters, stainless appliances, and a breakfast bar that opens to the dining area, so whoever is cooking still gets the view.
The primary suite has its own sliding door to the balcony, so you can wake up to the lake, along with a walk-in closet and an updated en-suite bath with a dual vanity and a walk-in shower. The second bedroom is bright with plantation shutters, and the second full bath has been updated with a marble-look shower surround, new vanity, and modern fixtures. In-unit laundry, a storage closet off the balcony, and an assigned parking space add everyday convenience.
Emerald Bay sits on its own peninsula in Davidson Landing, surrounded by water on almost every side. Residents enjoy a lakeside pool, tennis and pickleball courts, a waterfront walking path, kayak racks, and docks along the shoreline, with boat slips available for rent within Davidson Landing. Monthly HOA dues cover exterior maintenance and the common areas, making it easy to lock up and go.
The location is hard to beat. Downtown Davidson is just minutes away, with its walkable Main Street, local restaurants and coffee shops, Davidson College, the year-round farmers market, and events like Concerts on the Green and Christmas in Davidson. Birkdale Village, Lake Norman's shopping and dining, and I-77 are all close by, with an easy drive to uptown Charlotte. Assigned schools include Davidson Elementary, Bailey Middle, and William Amos Hough High.
Whether you want a full-time home, a weekend lake retreat, or a lock-and-leave place with a view, this is waterfront living at a fraction of the price. Schedule your private tour today.
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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
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