2507 Forest Lawn Drive
About This Property
Inside, hardwood floors run through an open layout with 10-foot ceilings and a 20-foot ceiling in the living room, where a fireplace that burns gas or real wood is framed by built-ins. The gourmet kitchen pairs soft-close wood cabinetry and quartz counters with commercial-grade appliances, including a double oven range, warming drawer, microwave drawer, and side-by-side refrigerator, plus a prep sink with instant hot water and a huge island with seating. The large walk-in pantry holds a full-size standup freezer, and a walk-in coat closet and walk-in storage closet keep everyday life organized.
The nearly 32-foot primary suite features a spa-style bath with an L-shaped dual vanity, a frameless glass shower with marble-look tile, and a large walk-in closet. Beyond the bedrooms, the plan includes a media room, a gym, an office or nursery, and a sunroom, along with numerous walk-in closets with outlets. The laundry room has quartz counters, soft-close cabinets, a sink, and hookups for two washers and two dryers.
The five-car garage, nearly 2,000 square feet with a two-car tandem bay, has epoxy floors, a large drop zone with two closets, cabinetry and a laundry sink, hot and cold spigots, a half bath, and a second washer and dryer hookup. Stairs lead to 1,080 square feet of unfinished second-floor space ready to finish, plus a walk-up attic.
Built to last: spray foam insulation, sound-insulated interior walls, solid-core doors, large casement windows, 30-year architectural shingles, an encapsulated crawl space with dehumidifier, a 75 gallon natural gas water heater with recirculation pump, a whole-house natural gas generator, and a security system.
Out back, a wood privacy fence borders a fire pit patio, a built-in natural gas grill, and a half-court basketball area surrounded by mature hardwoods. And guys, this one is a slam dunk.
Weddington is known for custom homes, larger lots, and quiet, winding roads. Avalon is within walking distance of Antioch Elementary, minutes to downtown Matthews and Waverly, with easy access to Ballantyne and uptown Charlotte. Schedule your private tour today.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Listed by EXP Realty LLC Ballantyne | $1,950,000 | |
| Listed by EXP Realty LLC Ballantyne | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017