170 Iron Gate Circle
About This Property
Set against the sparkling waters of Lake Norman, the property features a private covered dock, boat lift, and sandy beach. Expansive terraces and Brazilian mahogany decking provide stunning lake views, while screened porches and flagstone patios create ideal spaces for alfresco entertaining. The landscape, complete with mature plantings, a cutting garden, fountain feature, and garden shed, enhances the sense of a private retreat.
Inside, the home embraces both grand scale and intimate charm. A soaring two-story foyer introduces heart-of-pine floors, tongue-and-groove ceilings, and custom French Country wall sconces. The great room offers dramatic two-story ceilings, a floor-to-ceiling stone fireplace, and direct lake access through Andersen sliding doors. The chef's kitchen, designed for both function and flair, flows seamlessly into the dining and great room areas, creating a perfect setting for entertaining or quiet family gatherings.
The main-level primary suite is a serene retreat with two walk-in closets, sliding doors to the lakeside deck, and a spa-inspired ensuite with dual travertine vanities, electric heated floors, a jetted soaking tub, and a walk-in rain shower. Upstairs, two guest suites feature private baths, walk-in closets, and access to a covered terrace overlooking the lake. An expansive attic and optional third-story addition provide potential for future expansion.
Every corner of this home speaks to quality and European-inspired design-from the hand-selected antiques and hand-made crown molding to the textured walls, beadboard accents, and tongue-and-groove ceilings. Modern systems, including dual water heaters, a lightly used gas furnace, and a propane-ready generator connection, ensure comfort alongside timeless style.
170 Iron Gate Circle is more than a residence; it is a lakefront sanctuary offering a perfect blend of refinement, warmth, and everyday luxury.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017