236 Derwin Drive
About This Property
Welcome to this beautifully maintained 3-bedroom, 2-bath traditional home, ideally situated on a picturesque corner lot in the highly sought-after Timberlake Meadows subdivision-one of the few neighborhoods in Timberlake with city water access. Enjoy a peaceful setting with the convenience of easy access to Highway 501, offering a quick commute to Durham, RTP, and surrounding areas.
From the moment you arrive, you'll be impressed by the stately columns framing the inviting front porch. Step inside to a light-filled open floor plan featuring a spacious great room with gas-log fireplace, beautiful crown and chair moldings and seamless flow into the dining area and kitchen-perfect for everyday living and entertaining.
The grand primary suite is a true retreat with a large walk-in closet and luxurious en suite bath, complete with double vanities, a soaking tub, and a separate shower.
Upstairs offers a large bonus room-ideal for a playroom, home office, or guest space-as well as a generous unfinished room perfect for storage or future expansion.
The real showstopper is the enormous screened-in porch, built for year-round outdoor living. This incredible space features a custom bar (with built in gas heat on top), reclaimed wood walls, a soaring cathedral ceiling, and a large wood-burning fireplace-the perfect setting for cozy nights or entertaining guests.
Additional highlights include a fenced backyard, storage building, children's playset, and a desirable location that blends charm with commuter convenience.
Don't miss this rare opportunity to own a home that has it all-space, style, and an unbeatable location
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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 |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Lake Homes Realty LLC | $475,000 | |
| Listed by Lake Homes Realty LLC | |||
| Jul 18, 2024 | Sold | ||
| Sold | |||
| Mar 29, 2024 | Listed by Keller Williams Preferred Realty | $495,000 | |
| Listed by Keller Williams Preferred Realty | |||
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Motivated seller is offering $5,000 in closing costs to a buyer! Exquisite home in desirable Timberlake Meadows subdivision located in Timberlake, NC just North of Durham! Nestled on a beautiful lot with privacy this home is full of character! This spacious meticulously cared for home has plenty of space for relaxation and entertainment! 3 Bedrooms, a bonus room and the most eloquently designed outdoor living space you have ever seen! The enormous screened in porch has a massive wood burning fireplace and a custom bar that is just gorgeous (you HAVE to see it) with gas heat built in the bar area so you can sit, sip and stay comfortable! It is adorned with reclaimed wood and a cathedral ceiling. You really just can't put a price on this relaxing setting! Meander down to your private yard with mature trees, a storage building, zip line for fun and privacy! The primary bedroom is huge with a double vanity in the bathroom, large tub and shower! Open floor plan, large kitchen, amazing pantry with gas logs in the family room and beautiful flooring! Upstairs has SO MUCH SPACE for fun and storage! This house just keeps going! The oversized two car garage should satisfy all of your needs! This home also has two tankless water heaters! Minutes to Durham, Raleigh, Chapel Hill tucked away in this sweet town for peace and serenity! You get the best of it all! Come see 236 Derwin Drive, Timberlake, NC 27583
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017