271 Beaten Path Road
About This Property
The chef's kitchen features custom Schuler cabinetry, quartz countertops and full-height backsplash, large center island, brushed gold fixtures, and premium KitchenAid appliances, including a 6-burner gas range with double oven, microwave drawer, dishwasher, and U-Line hood. Additional highlights include a Frigidaire Professional refrigerator & freezer and a 46-bottle wine fridge.
Major upgrades include 2 new HVAC systems, a new well pump and tank, and 2 new water heaters (2025). Interior features new French white oak floors, new tile, and fresh paint throughout.
The main-level primary suite offers a spa-like marble bath with dual vanities and a private water closet. A dramatic two-story great room with a stone fireplace and gas logs anchors the home. All bathrooms are remodeled, and bedroom 3 now features a private en-suite.
Enjoy fresh landscaping with irrigation recently added to the front and side yard and access to top-tier Lake Norman amenities with unique Lake Norman Beach access. Move-in-ready luxury with modern upgrades throughout.
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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 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 13, 2026 | Price Decreased |
$1,049,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
| Aug 14, 2026 | Relisted | $1,099,000 | |
| Relisted | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| May 24, 2026 | Price Decreased |
$1,099,000
↓ $51K
(4.4%) | |
| Price Decreased | |||
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About Iredell
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017