186 Grayling Drive
About This Property
The primary suite on the main level includes private deck access, a walk-in closet, and a spa-inspired bath with dual vanities and a beautifully tiled shower. Upstairs, you'll find two spacious guest bedrooms and a full bath - ideal for family or friends. Enjoy the best of outdoor mountain living with a large screened-in deck, a riverside fire pit, and easy access to fly-fishing, kayaking, and all the natural beauty of the Blue Ridge Mountains. Offered fully furnished with minimal exceptions, this property provides a turnkey opportunity for those seeking a primary residence, second home, or vacation rental investment. Don't miss this rare opportunity to own a luxury riverfront home in one of Cullowhee's most sought-after communities. Schedule your private showing today!
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Nov 3, 2025 | Listed by Keller Williams Great Smokies | $695,000 | |
| Listed by Keller Williams Great Smokies | |||
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 15, 2025 | Price Decreased |
$739,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017