2554 Deep Gap Farm Road
About This Property
A dramatic TWO-STORY FOYER welcomes you inside, immediately showcasing the home's spacious layout and refined finishes. Thoughtfully updated and meticulously maintained, the residence features THREE NEW HVAC UNITS (2024), FRESH EXTERIOR PAINT, and ALL-NEW EXTERIOR LIGHTING for enhanced curb appeal. A WHOLE-PROPERTY IRRIGATION SYSTEM keeps the grounds lush year-round. Recent 2023 upgrades include WASHER, DRYER, DISHWASHER, REFRIGERATOR, and NEW GARAGE DOOR MOTORS. In 2025, a striking OUTDOOR FIREPLACE was added-perfect for entertaining or enjoying peaceful evenings under the Carolina sky.
REFINISHED HARDWOOD FLOORS flow throughout the main living areas, adding warmth and timeless elegance. Designed for both everyday comfort and hosting, the GOURMET KITCHEN features a GAS COOKTOP, WALL OVEN, BAR SEATING, AND EXPOSED BEAMS, blending architectural character with an open, inviting atmosphere ideal for gatherings.
The LUXURIOUS PRIMARY SUITE serves as a private retreat with THREE WALK-IN CLOSETS and generous space designed for relaxation.
Step outside to the EXPANSIVE SCREENED PORCH WITH FIREPLACE overlooking the backyard, where DRAMATIC ROCK OUTCROPPINGS and the soothing sounds of flowing water create an unforgettable outdoor living experience.
The FULL BASEMENT greatly enhances the home's versatility, offering a comfortable DEN, TWO BEDROOMS, AND TWO FULL BATHS-ideal for guests, multigenerational living, or recreation. An additional 1,760 SQ FT OF UNFINISHED SPACE provides incredible potential for a HOME THEATER, FITNESS STUDIO, WORKSHOP, OR FUTURE EXPANSION.
With RARE ACREAGE, extensive upgrades, RESORT-STYLE AMENITIES, and extraordinary water features, this property presents a truly unique opportunity to experience UPSCALE MOUNTAIN LIVING WITH MODERN CONVENIENCES-only a short distance to LAKE ADGER, LAKE LURE, AND TRYON INTERNATIONAL EQUESTRIAN CENTER.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,399,000
↓ $16K
(1.1%) | |
| Price Decreased | |||
| Sep 24, 2026 | Price Decreased |
$1,415,000
↓ $50K
(3.4%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$1,465,000
↓ $35K
(2.3%) | |
| Price Decreased | |||
| Aug 9, 2026 | Price Decreased |
$1,499,999
↓ $145K
(8.8%) | |
| Price Decreased | |||
| Jun 19, 2026 | Listed by Expert Real Estate Team | $1,645,000 | |
| Listed by Expert Real Estate Team | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017