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3083 Twin Lakes Drive
About This Property
That sense of retreat continues the moment you step inside. A curved staircase anchors the two-story great room, where a stacked-stone gas fireplace & a wall of windows draw the outdoors in. Dark hardwoods run through the main level. The chef's kitchen is the heart of it all, finished in white cabinetry, quartz counters, a full suite of stainless steel appliances, double wall ovens, a cooktop set against tile backsplash, & an oversized island with seating for the whole family. Just off the kitchen is a breakfast area, & both spaces flow seamlessly into a stunning family room highlighted by vaulted ceilings. For gatherings that call for a little more elegance, a separate dining room offers the perfect setting for intimate occasions.
The owner's suite is its own wing. A tray-ceilinged bedroom flows into a private sitting room, then into a spa-style bath with dual granite vanities, a soaking tub, a tiled walk-in shower with bench seating, & a separate water closet. Beyond the bath is a true dressing area with a custom closet system & a dedicated display wall, the kind of space most homes only wish they had room for. Secondary bedrooms are generous & well served by updated baths, & a large upstairs bonus room with French doors flexes easily between media room, playroom, & home office.
The home has been cared for with an eye toward the details that matter. A whole-house carbon water filtration system serves every tap. A new 3M solar light was installed on the second floor to brighten the upstairs hall, the hot water heater is brand new, & a thoughtful dropzone off the garage keeps daily life organized. A laundry room with utility sink & a convenient powder room round out the functional spaces.
Outside is where this property sets itself apart. The covered porch is fitted with skylights & a large-span fan, wired for a television, & positioned to overlook a pool wrapped in travertine decking. A dedicated pool bath opens directly to the deck, so swimming guests come & go without tracking through the house, the kind of detail that makes summer entertaining effortless. Steps down, a paver patio with a fire pit gives you a 2nd place to gather as the evening cools. Mature landscaping, privacy plantings, & a basketball setup complete a backyard built for both entertaining & quiet mornings with coffee. Across the street, an open community field gives the kids room to run & throw a ball.
The home sits in one of Weddington's established custom-home communities, one built around its amenities. Residents enjoy a clubhouse, swimming pool, tennis courts, & a basketball court, along with a scenic pond & walking trail along Lake Forest Drive that offers a peaceful space for morning jogs & family strolls. The neighborhood keeps a full social calendar as well, with a book club, ladies night out, Bunco, holiday parties, & teen events.
Location is a quiet advantage here. The community sits off Highway 84 (Weddington Road), not far from Providence Road, making it an easy reach to work & shopping without much traffic. Waverly, Rea Farms, & Ballantyne are all close, & Colonel Francis Beatty Park is minutes away for trails & recreation. Weddington sits about 15 miles southeast of Charlotte & is known for upscale, tranquil living on large lots, top-rated Weddington schools, & low crime, with Weddington Elementary, Middle, & High all located less than two miles away.
A home like this, on a lot chosen with this much intention, is a rare find in this market.
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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.
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About Weddington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017