230 Forest Drive
About This Property
This updated 3-bedroom, 2½-bath log cabin combines classic mountain character with comfortable modern updates. At 3,180 feet elevation, it offers mountain views, a vaulted great room, a main-level primary suite, covered porch, open grilling deck, basement garage, and a beautifully designed stone fire-pit area. Vacation rentals are allowed in Hemlock Forest.
THE GREAT ROOM
The vaulted great room is the heart of the cabin, with the comfortable seating, kitchen and dining areas arranged around the fireplace. Large vaulted windows bring in natural light and frame the surrounding mountain greenery. The kitchen has been updated with solid-wood cabinetry, butcher-block countertops, farm sink, bracketed by open shelving, and stainless-steel appliances. A convenient half bath with a laundry area are located just off the great room.
MAIN-LEVEL PRIMARY SUITE
The primary bedroom suite is conveniently located on the main level, along with the primary living areas. The updated bath features a double vanity and tile accents surrounding the tub.
UPPER-LEVEL BEDROOMS
Two additional bedrooms and a full bath with shower are located upstairs, providing comfortable space for family, guests, or vacation renters.
LOWER LEVEL & GARAGE
The lower level offers a spacious game room with room for a billiards table, plus a flexible entry area connecting to the attached garage. This level provides useful space for recreation, storage, and coming and going from the home.
OUTDOOR LIVING
Step outside to enjoy the mountain setting from the covered porch or open grilling deck. The side yard extends to an inviting stone-lined fire-pit area surrounded by stone accent walls-a distinctive space for gathering, relaxing, and enjoying cool mountain evenings.
CABIN CHARACTER
The home retains the details that make a true log cabin special: peeled-log timbers, exposed beams, tongue-and-groove vaulted ceilings, rustic stairway steps, distinctive light fixtures, mountain views from the bedrooms, and even carved bears climbing the screened door. These touches give the home authentic mountain character.
RENTAL & INTERNET
Vacation rentals are allowed, offering the opportunity to use the cabin as a personal mountain getaway while also sharing it with guests. High-speed Spectrum Internet makes it convenient to work from home, stream entertainment, and stay connected.
MAGGIE VALLEY LOCATION
Located in Maggie Valley, a gateway to the Great Smoky Mountains National Park and Blue Ridge Parkway, the cabin is close to outdoor recreation, dining, local shops, crafts, winter skiing and tubing, and area attractions including Harrah's Cherokee Casino. Historic downtown Waynesville, major shopping, and grocery stores are nearby, while Asheville is approximately 30 minutes away via I-40. Asheville Regional Airport is about an hour away, making travel to and from the mountains convenient.
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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%.
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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.
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 23, 2026 | Listed by Better Homes and Gardens Real Estate Heritage | $609,900 | |
| Listed by Better Homes and Gardens Real Estate Heritage | |||
| Mar 13, 2018 | Sold | ||
| Sold | |||
| Jul 8, 2017 | Listed by Better Homes and Gardens Real Estate Heritage | $325,000 | |
| Listed by Better Homes and Gardens Real Estate Heritage | |||
| Jun 16, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017