18802 Balmore Pines Lane
About This Property
Inside, abundant natural light and extensive windows keep the waterfront ever present. The kitchen opens to the main living and dining spaces, while a dramatic great room with vaulted ceilings, exposed beams and fireplace overlooks the lake. A custom office with fireplace provides a distinguished private workspace, and additional fireplaces throughout the home add warmth and architectural character. The primary suite enjoys sweeping water views, while an elevator provides convenient access between levels. Savant home automation integrates technology throughout the residence.
The lower level is designed for entertaining, anchored by a sophisticated full bar, billiards and recreation spaces and a temperature-controlled wine room. Large expanses of glass continue the lake views and provide direct access to the pool and outdoor living areas.
Outside, the property becomes a private waterfront retreat. A heated saltwater pool and spa with waterfall feature are surrounded by stone terraces, mature landscaping and multiple gathering areas. A lakeside fire pit offers another setting for evenings overlooking the water. Thoughtful amenities include an outdoor pool shower, convenient access to a pool bath and exterior access to a dedicated lake and pool storage room.
Beyond the lawn, the private dock extends the lifestyle directly onto Lake Norman with two boat lifts-one rated for 40,000 pounds and a second rated for 5,000 pounds-along with space to relax at the water's edge.
With a three-car garage, extensive outdoor living, sophisticated entertaining spaces and a remarkable position between golf and water, this residence delivers the elements that define The Peninsula lifestyle: boating from your backyard, golf just beyond the front of the home and Lake Norman as the backdrop to everyday living.
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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.
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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