About This Property
Prime lot just minutes from Downtown Blue Ridge, offering the perfect blend of privacy, convenience, and flexibility. This gently sloped, wooded property features a peaceful babbling brook, all paved access, and close proximity to Lake Blue Ridge-ideal for a primary residence, second home, or income-producing rental.
Included in the sale are county-approved plans for a contemporary 1-bedroom home with a loft. The builder-who temporarily paused construction for another project-is available to step back in and complete the build, allowing you to move forward with ease and confidence.
The lot includes a completed survey, approved 1-bedroom septic permit, and city water availability. Power will need to be connected.
With the added flexibility for an RV pad, tiny home, or Airstream, this property offers multiple development and income opportunities.
Located less than five minutes from Downtown Blue Ridge, this is a rare chance to step into a project already in motion and create your ideal mountain retreat with endless potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 20, 2026 | No longer available | - | |
| No longer available | |||
| Jun 17, 2026 | Price Increased |
$415,200
↑ $330K
(388.5%) | |
| Price Increased | |||
| Apr 5, 2026 | Price Decreased |
$85,000
↓ $10K
(10.5%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by RE/MAX Town And Country | $95,000 | |
| Listed by RE/MAX Town And Country | |||
| Jun 16, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017