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263 Scenic Hill Drive
About This Property
Wake up to a view of Watts Bar Lake and end the day on your new oversized deck watching the light change over the water. This brick corner home sits on three parcels totaling 1.3 acres, so you get the view, the pool, and real breathing room from the neighbors -- all in one package.
Inside, the work is already done. The upstairs features a beautifully remodeled kitchen, new flooring through the kitchen, living room, and staircase, and ceiling fans in every bedroom. The lower level has been fully remodeled as its own private suite -- extra-wide doors, a walk-in shower, new floors and fixtures -- making it ideal for in-laws, guests, or anyone who needs accessible one-level living. Few homes offer two fully finished, move-in-ready levels like this.
Outside, summer is handled: a private in-ground pool with its own shed, three storage sheds total, and a large deck built for entertaining. A metal roof, new gutters, and a rare 2-car attached garage round out the practical side, and the HVAC has been recently serviced.
Lake-view homes with a pool and this much land don't come up often in Spring City. Come see the view in person -- photos only tell half the story. Schedule your walk-through 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%.
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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $435,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017