2211 Ridgeland Circle
About This Property
WELL AND SEPTIC ALREADY IN PLACE ON THIS LOT! Here's your chance to have an incredible lot in Shagbark that sits just outside of The Village! Perfect place to build your dream home, 2nd home, or short-term rental. This lot previously showcased a beautiful home that was lost in the fires, and is now ready to start building your dreams. With electric, well and septic in place, this one is just waiting for you! Sevier county said that the septic system will allow for a 3-bedroom maximum.
The 1300-acre Shagbark Resort has a 24-hour staffed guard gate, community swimming pool, tennis courts, pickle ball, a playground, and so much more. Located within a gated secured community that is a wildlife preserve where you have the opportunity to see the occasional black bear, wild turkey, whitetail deer, raccoon, and more. Conveniently located right in the heart of everything you came to enjoy in the Smoky Mountains. Easy access to Pigeon Forge, Gatlinburg, shopping, dining, and mountains everywhere. *Drone photography used in some photos.
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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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Relisted | $125,000 | |
| Relisted | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Listed by Keller Williams | $125,000 | |
| Listed by Keller Williams | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017