135 St. Mellions Drive
About This Property
From the multiple outdoor patios, you can enjoy views of your immaculately maintained landscaping all while sitting under the shade of a dozen native pine and hardwood trees. As the sun sets, the wonderful landscape lighting makes an impressive backdrop for your dinner party or casual gathering by the firepit. A wonderful, covered porch, grilling area, and sitting area complete the setting for dinner under the stars with plenty of space for entertainment. There is plenty of room in the side yard to build a pool to add to this amazing home. This spectacular home is located on the community's premier street, St. Mellions Drive, which shares the same name as the St. Mellion estate in Cornwall, England, a 4-star resort also designed by Jack Nicklaus. The premier street was designed with easy access to the clubhouse for a tee time, lunch and a relaxed stroll to the tennis courts and swimming pool. You will find this home situated between the front & back gate for easy access in and out of the gated community and just a short drive to the Village of Pinehurst or Downtown Southern Pines. Pinehurst No. 9 is a wonderful, gated community close to the hospital, the Village of Pinehurst, restaurants, boutique shopping, grocery stores, churches, schools, the Pinehurst greenway trail & much more.
Hurry before it's too late to call this amazing property HOME!
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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 |
|---|---|---|---|
| Jul 5, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | Listed by Coldwell Banker Advantage-Sout | $1,700,000 | |
| Listed by Coldwell Banker Advantage-Sout | |||
| Dec 12, 2023 | Listed by COLDWELL BANKER ADVANTAGE #3-SOUTHERN PINES | $1,700,000 | |
| Listed by COLDWELL BANKER ADVANTAGE #3-SOUTHERN PINES | |||
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Welcome Home! This meticulously maintained, stunning brick home in one of Pinehurst Country Club’s gated communities, Pinehurst No. 9, has been fastidiously renovated with superior mindfulness at every turn. Perfectly appointed on the award-winning Pinehurst National No. 9 golf course, designed by Jack Nicklaus, the home offers breathtaking panoramic golf views of holes #1 and #10, also with views of holes # 9 & #18. Pinehurst Country Club offers nine golf courses, 3 clubhouses, 3magnificent swimming pools, 12 tennis courts, pickleball courts, the beach club & marina at Lake Pinehurst, a fitness center, restaurants, bars & social events. The owners have methodically renovated the home over the past few years with superior details throughout leaving the home move in ready for you. You will find enhancements like new Pellawindows & doors, a remodeled kitchen with all new lighting & plumbing fixtures, a new roof in 2020, all new landscape & landscape lighting and so much more!
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| Mar 22, 2023 | No longer available | - | |
| No longer available | |||
| Jan 4, 2023 | Price Decreased |
$1,645,000
↓ $150K
(8.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017