2118 Stone Harbor Drive
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Sep 25, 2025 | Listed by The Real Estate Depot | $1,850,000 | |
| Listed by The Real Estate Depot | |||
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This exquisite 3-bed, 5-bath timber frame log cabin offers unparalleled luxury and breathtaking views of the Smoky Mountains. Designed for those who crave sophistication, tranquility, and world-class entertaining, this dockable waterfront retreat is a masterpiece of craftsmanship and modern amenities, enhanced by extensive recent upgrades. Step inside to a warm, open-concept interior with soaring ceilings and expansive windows showcasing stunning main channel lake views. The entire home has been freshly stained, highlighting its timeless log cabin charm. The gourmet kitchen, now featuring a brand-new GE Café Range and custom cabinetry, flows seamlessly into the spacious living area. Each of the three generously sized bedrooms features en-suite bathrooms, with the master suite boasting a newly installed large slider for seamless lake views, an improved luxurious shower, and a fully renovated master closet. The lower level is an entertainer's paradise, boasting an unbelievable custom basement designed for unforgettable gatherings. At its heart is a massive, professionally crafted bar area, complete with ample seating, sleek countertops, and space for hosting lively parties and events. This extraordinary basement also includes a state-of-the-art movie theater with newly upgraded theater equipment, perfect for immersive movie nights or game-day watch parties. New air conditioners have been installed for both the top and bottom levels, providing comfort in every season. Step outside to the expansive back porch and lower deck, now featuring new porch posts and railings, where you can unwind while soaking in panoramic lake and mountain views. The meticulously improved landscaping,complete with a charming waterwheel and serene pond, enhances the beauty and privacy of the grounds. A newly added expansive boat dock provides direct access to Douglas Lake for boating, fishing, or enjoying the water, while a new roof on the home ensures lasting durability.
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| Oct 17, 2023 | No longer available | - | |
| No longer available | |||
| Oct 12, 2023 | Price Decreased |
$1,849,900
↓ $100
(0%) | |
| Price Decreased | |||
| Sep 21, 2023 | Listed by United Real Estate Solutions | $1,850,000 | |
| Listed by United Real Estate Solutions | |||
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**SPECIAL FINANCING AVAILABLE** (25% down with 5% interest rate) Paradise Found. This luxury log cabin is located on the main channel of Douglas Lake with breathtaking panoramic views. In addition to being sold turnkey and fully furnished, this home includes a 10FT working Waterwheel, Koi Pond with waterfall, and a 20FT Live Edge Wet Bar with Saddle Stools. Other features include a floating dock with boat slip, hot tub, movie theater, custom closets, tankless water heater and a Tesla/EV charger. Short term rentals are allowed. Could also be a privately owned Bed & Breakfast. Great option for a 1031 exchange. Although the tax data shows that this property has 27.92 deeded acres, please note that most of the acreage is submerged. Buyer responsible for due diligence. Owner/Agent The manager has listed the unit size as 5064 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017