SPECTACULAR NORTH RALEIGH RETREAT WITH A HEATED SALTWATER POOL, SPA
AND 1.07-ACRE WOODED HOMESITE BACKING TO FALLS LAKE! Nestled among
mature trees in desirable Hunters Landing, this beautifully
appointed home offers 3,372 square feet of living space, 3
bedrooms, 3 full bathrooms and 1 half bathroom. The home combines
timeless architectural elegance, exceptional craftsmanship and
thoughtful updates with an extraordinary setting for resort-style
living and entertaining. The property backs directly to land owned
by the U.S. Army Corps of Engineers surrounding Falls Lake,
providing a beautiful natural backdrop. The outdoor living
experience is simply magnificent! The stunning heated saltwater
swimming pool and spa are surrounded by beautiful decking, creating
a spectacular backyard oasis. An outdoor kitchen provides the
perfect setting for poolside entertaining, while a five-foot
aluminum fence encloses the spacious backyard. Relax on the
wonderful screened porch or entertain guests on the expansive Trex
deck. With mature woodlands extending beyond the backyard into the
surrounding Falls Lake property, this remarkable setting offers an
exceptional sense of privacy and tranquility. A welcoming covered
front porch leads to an elegant wood-and-glass entrance door,
opening into a home distinguished by extensive custom millwork,
beautiful hardwood floors, transom windows, crown molding and tall
baseboards throughout the main level. The attention to
architectural detail is evident in every room. French doors open to
a handsome home office featuring an impressive wall of custom
built-in bookshelves and cabinetry. The spacious formal dining room
is enhanced by exquisite wainscoting on all four walls, creating an
elegant setting for memorable gatherings. The beautifully updated
kitchen is designed for both everyday living and entertaining,
featuring custom cabinetry, granite countertops, a large center
island, double wall ovens and a natural gas cooktop. The sun-filled
breakfast area offers picturesque views of the pool and wooded
backyard. The kitchen opens seamlessly to the expansive family
room, where a classic wood-burning fireplace and extensive custom
trim create a warm and inviting atmosphere. A cleverly designed
custom pantry beneath the staircase provides additional storage.
Upstairs, the generously sized primary suite offers two walk-in
closets and a luxurious, spa-inspired bathroom featuring a large
soaking tub, frameless tiled walk-in shower, double vanity and
private water closet. Two additional spacious bedrooms each feature
walk-in closets and share a beautifully updated bathroom with a new
vanity and tiled tub/shower combination. The enormous second-floor
bonus room provides exceptional flexibility for entertaining,
recreation or relaxation. This impressive space features a wet bar
and large walk-in closet. Adding even more versatility, the
recently finished third floor offers 379 square feet of finished
living space, including a spacious flex room and full bathroom.
This private retreat is ideal for guests, a home office, hobby room
or additional recreation space. THE LOCATION IS EQUALLY
EXCEPTIONAL! Hunters Landing is an established North Raleigh
community known for its mature trees, spacious homesites and
proximity to Falls Lake. Residents enjoy access to a community
swimming pool, tennis court, pickleball court and walking trails.
Outdoor enthusiasts will appreciate the nearby Mountains-to-Sea
Trail and convenient access to a Falls Lake boat launch, offering
opportunities for boating, kayaking, fishing, hiking and enjoying
the natural beauty of the surrounding area. With its magnificent
outdoor entertaining spaces, exceptional architectural
details, beautifully updated interior and extraordinary wooded
setting this remarkable property offers a rare opportunity to enjoy
resort-style living in one of North Raleigh's most desirable
communities!
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.
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