310 Pineberry Drive
About This Property
Designed to take full advantage of its setting, the home features inviting outdoor living spaces on both the front and back. Enjoy your morning coffee while catching glimpses of the lake from the front patio, or unwind in the evenings overlooking the golf course. The centerpiece of the home is the all-season sunroom, a bright and versatile space that can be enjoyed year-round.
Inside, you'll find hardwood floors, coffered ceilings, and a spacious, thoughtfully designed floor plan. The oversized primary suite serves as a private retreat, complete with two walk-in closets and a generously sized ensuite bath.
For golf enthusiasts, a Premier Golf Membership valued at $30,000 is available to transfer, providing access to the Rarity Bay semi-private golf course and unlimited golf privileges.
Located within the gated waterfront community of Rarity Bay, residents enjoy an active lifestyle with golf, tennis, pickleball, fitness facilities, swimming pool, onsite dining, walking trails, social clubs, and nearby covered boat slips just a short golf cart ride away. This is East Tennessee lake living at its finest.
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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 13, 2026 | Listed by Keller Williams | $749,000 | |
| Listed by Keller Williams | |||
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Professional Photos and Video Coming Soon! With views of Tellico Lake from the front, and overlooking the 12th hole of the Golf Course from the rear, this beautiful home in the exclusive Rarity Bay community is just waiting for you. From the moment you enter you will begin to see the beautiful craftsmanship in the custom doors, cabinets, wood shutters on the windows, and crown molding throughout the home. With a very large living room and family room design, you will have loads of space to gather with family and friends. The family room boasts a floor to ceiling stone faced gas fireplace, and custom cabinetry that includes a wine rack, bar sink, and lots of counter top space. The wrap around kitchen includes an open bar area looking out over the living room, and dining area. From these rooms you can head out into the sunroom complete with floor to ceiling windows overlooking the golf course. Also on the main level is the large primary suite that features two walk-in closets, a primary foyer, and huge primary bathroom complete with a garden jetted tub, walk-in shower, two separate vanities, and separate water closet. There is also a separate access to the sunroom from the primary suite. Also, on the main is the office / den that looks out over the front yard and seasonal lake views, and laundry room. Upstairs you will find two additional large bedrooms with one featuring two relaxing dormers looking out toward Tellico Lake. There is also a full bathroom on this level. The walk-in attic conveniently hosts the hot water heater, HVAC equipment, and has tons of easily accessible attic space. There is an additional storage room on this level too. On the front of the home, you have a large covered patio where you can relax and enjoy the lake views, and out back you have a huge patio overlooking the golf course. There's more! A Premier Golf Membership valued at $30,000 is available to transfer. Rarity Bay is a gorgeous community with tremendous lake views and mountain views that boast a semi-private golf course and unlimited golf privileges. Available amenities include golf, tennis, pickleball. fitness facilities, swimming pool, dining, walking trails, social events, boat slips, and more. Don?t wait! Call for your private tour today!
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| Oct 4, 2026 | Price Decreased |
$749,000
↓ $36K
(4.6%) | |
| Price Decreased | |||
| Jun 9, 2026 | Listed by Allen Realty | $785,000 | |
| Listed by Allen Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017