212 Ronaldsby Drive
About This Property
Located in one of Cary's most sought-after golf communities, this property sits on over half an acre of flat, usable land-an ideal canvas for a luxury renovation, custom rebuild, or investment flip. Investors will appreciate the freshly painted interior and solid structure, offering a move-in-ready foundation for upgrades or expansion. Builders will be drawn to the level, private lot, perfect for enhancing outdoor living spaces, adding a pool, or even exploring new construction options in a high-demand area.
The existing home features hardwood floors, a light-filled kitchen with quartz countertops and stainless steel appliances, and a vaulted family room with a folding glass door that extends living space to a sprawling back deck-perfect for modern open-concept living. A main-floor guest suite, formal living and dining areas, and ample storageadd to the appeal for long-term or short-term tenants.
Upstairs offers a generous primary suite with dual walk-in closets and two additional bedrooms. The fully fenced yard, detached garage/storage building, and lush landscaping create a private, turnkey outdoor space with endless potential for enhancements.
Located just minutes from Waverly Place, greenways, top-tier schools, and major commuter routes (US-1, I-440, I-40), this property is a strategic acquisition in a rapidly appreciating area. Optional MacGregor Downs Country Club membership offers golf, pool, and tennis-adding to its lifestyle value and future marketability.
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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 |
|---|---|---|---|
| Aug 5, 2025 | Sold | ||
| Sold | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Price Decreased |
$825,000
↓ $50K
(5.7%) | |
| Price Decreased | |||
| May 18, 2025 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Apr 24, 2025 | Listed by EXP Realty LLC | $900,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017