48
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135 Ridge Top Drive
About This Property
One of Lake Nantahala's greatest draws is how wild and pristine it remains. With the vast majority of the surrounding shoreline protected from development, the lake offers a peaceful mountain setting without the traffic, noise, or premium price tag often associated with larger, more populated lakes.
Perched above the lake, this beautifully furnished log cabin offers sweeping lake and mountain views and easy access to everything that makes Lake Nantahala special. A public fishing pier and boat access are approximately 1/10 mile away, with the marina and cafe just 1.5 miles away. Spend summer days on a pontoon, tubing, paddling, swimming, or fishing for kokanee salmon, walleye, bass, and trout, then come home to relax on the expansive decks and take in the views.
Inside, warm wood finishes, a fireplace, and inviting gathering spaces create a true four season mountain retreat. The home is currently operating as a short term rental through Vacasa, offering flexibility as a personal getaway, second home, or investment property.
Updates include a new furnace in 2023, fully encapsulated crawlspace with permanent dehumidifier in 2022, and extensive decor updates in 2022. Designer furnishings convey, including many Natuzzi pieces, making this a truly turnkey opportunity.
Western North Carolina lake life, incredible views, easy water access, and room to breathe, without the typical lakefront cost.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Looking Glass Realty | $625,000 | |
| Listed by Looking Glass Realty | |||
| Oct 8, 2022 | No longer available | - | |
| No longer available | |||
| Oct 6, 2022 | Sold | ||
| Sold | |||
| Aug 4, 2022 | In contract | - | |
| In contract | |||
| Mar 24, 2022 | Relisted | $525,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017