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1492 Mcelroy Mountain Drive
About This Property
This home is packed with upgrades, including all-new electrical throughout, fresh paint, new showers, faucets, hardware, fixtures, ceiling fans, window treatments, and a second septic tank. Theater lovers will appreciate the custom-built theater room, and the basement is an incredible gathering area-perfect for games, movies, and anything your heart desires.
Step outside to a large extended patio with a hot tub and firepit, or relax on the spacious deck and covered porch with mountain and forest views. The primary suite features a jetted tub, dual vanities, a walk-in shower, and a heated fireplace. With Smart TVs in every room, keyless entry, a two-car garage, high-speed Wi-Fi, and access to Big Canoe's world-class amenities, McElroy Manor is your dream mountain escape with stunning views.
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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 |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$1,349,000
↓ $46K
(3.3%) | |
| Price Decreased | |||
| Aug 16, 2026 | Price Decreased |
$1,395,000
↓ $35K
(2.5%) | |
| Price Decreased | |||
| Aug 3, 2026 | Price Decreased |
$1,430,000
↓ $20K
(1.4%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by 1 Look Real Estate | $1,450,000 | |
| Listed by 1 Look Real Estate | |||
| Apr 18, 2025 | Listed by 1 Look Real Estate | $1,450,000 | |
| Listed by 1 Look Real Estate | |||
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Escape to McElroy Manor, a stunning and secluded 7-bedroom, 4.5-bath mountain retreat in Big Canoe, Georgia. Nearly 7,000 square feet of thoughtfully designed space offers the perfect blend of luxury and comfort for large families or group getaways. Enjoy bright, open living areas, a gourmet kitchen, two dining spaces, and a cozy accent wall with an electric fireplace. This home is packed with upgrades, including all-new electrical throughout, fresh paint, new showers, faucets, hardware, fixtures, ceiling fans, window treatments, and a second septic tank. Theater lovers will appreciate the custom-built theater room, and the basement is an incredible gathering areaCoperfect for games, movies, and anything your heart desires. Step outside to a large extended patio with a hot tub and firepit, or relax on the spacious deck and covered porch with mountain and forest views. The primary suite features a jetted tub, dual vanities, a walk-in shower, and a heated fireplace. With Smart TVs in every room, keyless entry, a two-car garage, high-speed Wi-Fi, and access to Big CanoeCOs world-class amenities, McElroy Manor is your dream mountain escape with stunning views.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017