28
Map
$115,000
●
Land -
Off Market
2486 Starboard Crest Rd
Morristown, TN 37814
Studio
0 Bath
$665
Est. Monthly
About This Property
Incredible waterfront community with absolutely stunning lake and
mountain view! The prestigious Windswept community on Cherokee Lake
is what you've been looking for! Imagine waking up every morning to
the most amazing panoramic views of the lake and mountains. This
beautiful cul-de-sac lot, with over 3/4 of an acre is just waiting
for you and your plans for your dream home. With city utilities
available at the road, this gorgeous property is ready and waiting.
The Windswept gated-community has a private marina and boat ramp,
and The Manor House, a 10,000 square foot clubhouse that includes 6
bedroom suites where your guests can stay up to 5 times per year,
full galley kitchen, multiple dining area, game room, and so much
more! You don't want to miss this one! *Drone photography used.
Unit Size
-
Days on Market
16 days
Land Size
0.81 acres
Price per sqft
-
Property Type
Land
Property Taxes
$51
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Realtracs #RTC2893275)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Jul 14, 2024 | Listed by Keller Williams | $125,000 | |
| Listed by Keller Williams | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Aug 22, 2023 | Listed by FRANKLIN REALTY | $129,900 | |
| Listed by FRANKLIN REALTY | |||
| | |||
|
Spectacular lot with panoramic views of the mountains and Cherokee Lake. This gated community has loads of amenities which include private boat ramp and slips, tennis/pickle ball court, swimming pool, and the Manor House which is not your average club house. HOA dues include a 5-ight stay for your guests in one of the Manor House suites. The subdivision is close to shopping, restaurants, and medical facilities. Come see for yourself and fall in love with all Windswept has to offer. Drawn boundary lines in photos are only an approximation and are not to be considered survey markers.
| |||
| Sep 19, 2022 | Listed by Franklin Realty, Inc. | $134,900 | |
| Listed by Franklin Realty, Inc. | |||
| | |||
|
Spectacular lot with panoramic views of the mountains and Cherokee Lake. This gated community has loads of amenities which include private boat ramp and slips, tennis/pickle ball court, swimming pool, and the Manor House which is not your average club house. HOA dues include a 5-ight stay for your guests in one of the Manor House suites. The subdivision is close to shopping, restaurants, and medical facilities. Come see for yourself and fall in love with all Windswept has to offer. Drawn boundary lines in photos are only an approximation and are not to be considered survey markers.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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Asking Price
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Sold On
HOA + Taxes
About Morristown
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Listed by: Rick Cochran, Keller Williams
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC2893275
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC2893275
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]
Brokerage email: [email protected]
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