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Cullowhee 28723
Lot 29 Grayling Drive
$148,000
● Land - Off Market

Lot 29 Grayling Drive

Cullowhee, NC 28723
bedrooms
Studio
bathrooms
0 Bath
$1,184
Est. Monthly
$325
HOA / Fees

About This Property

Waterfront lot, the one with sounds of rushing rapids. Year-round views of the mountains in an upscale community, walking distance to Western Carolina University. Dream of fishing, paddling or tubing from your own backyard! Have coffee with nature in the morning from your deck overlooking the Tuck! Nearby are lakes for boating, trails for hiking, colleges for both cultural and sporting events. Sylva, Dillsboro, Cashiers, Cherokee and Bryson City offer shopping, breweries, restaurants, festivals, concerts and the casino.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$325
Year Built
-

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Cap Rate Calculator

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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: 11 months ago (CANOPYMLS #CAR4281236)

Price History

Date / Event Date Event Price
Dec 30, 2025 Sold
Premium
Sold
Nov 12, 2025 In contract -
In contract
Jul 15, 2025 Listed by Sundog Realty, Inc. $174,900
Listed by Sundog Realty, Inc.
Dec 29, 2017 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CULLOWHEE RIVER CLUB SUBDIVISION
  • Land Acres: 0000000200
  • Standard Land Use Code: 8000
  • Legal Description 1: LT 29 CULLOWHEE RIVER CLUB

Neighborhood

  • School District Name: Jackson County Schools
  • Census Tract: 950800

Geography

  • Parcel: 7559-71-8503
  • Lot: 29
  • Municipality: CULLOWHEE
  • Latitude: 35.3037
  • Longitude: -83.1647

    Address

  • Full Address: 29 Grayling Dr
  • Address - House Number: 29
  • Address - Street Name: Grayling
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cullowhee
  • Carrier Code: H067
  • 4-Digit Zip Code: 1578
  • Zip Code: 28723

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $68,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $180,000
  • Assessed Land Value: $180,000

    Sales

  • Current Sale Contract Date: Dec 29, 2017
  • Current Sale Recording Date: Dec 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cullowhee

Stats & Trends

Median Asking:

$409,500

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2242 ft²

Average Home Age

60 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CANOPYMLS

Listed by: Mark Brooks, Sundog Realty, Inc.
Last Updated: 11 months ago
Data Source: CANOPYMLS, MLS# CAR4281236
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 29 Grayling Drive built and last sold?
The property at 29 Grayling Drive was built in and last sold on Dec 29, 2017 for $190,000.
How much is this home worth?
The estimated value of the home located at 29 Grayling Drive is $0.
What are some comparable homes to 29 Grayling Drive?
There are currently no comparable homes to 29 Grayling Drive.
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