180 Willow Point Road
About This Property
State Park, just minutes from shopping and highway access. No HOA and 180° big-water
views highlight this nearly new home with expansive covered patios on both levels, five flex
rooms, dual laundry rooms, and epoxy-finished garages. Entertain at the cedar
indoor/outdoor bar with accordion window or the walnut basement bar with refrigerators,
ice maker, and dishwasher. Upgrades include a 26kW generator, EV charger, outdoor
cameras, oversized propane, balcony shower, PITT burners, built-in coffee, heated master
bath floor, Turkish marble sink, power shades, and four fireplaces. Curved balcony stairs
frame space for a pool. With 153 ft of shoreline, sandy beach, retaining wall, irrigation, and
a deep-water dock with 30-ft slip, electric, water, ethernet, and power washer-this property
is built for refined lakefront living.
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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 |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Decreased |
$3,950,000
↓ $175K
(4.2%) | |
| Price Decreased | |||
| Sep 30, 2025 | Price Decreased |
$4,125,000
↓ $150K
(3.5%) | |
| Price Decreased | |||
| Aug 19, 2025 | Relisted | $4,275,000 | |
| Relisted | |||
Property Highlights
Building Info
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Price/ft²
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About Iredell
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Last Updated: 10 months ago
Data Source: CANOPYMLS, MLS# CAR4221786
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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