311 Winding Way Drive
About This Property
Downstairs features a large finished basement and an oversized two-car garage. A secondary drive winds behind the home and provides convenient main-level access.
Only five minutes from downtown Franklin and nestled next to the Nantahala National Forest, this home, located in a walkable, golf cart-friendly neighborhood, provides two acres of serenity and privacy. The expansive front deck overlooks lush landscaping, ideal for watching the sunset over the mountains. In the back you'll find a charming enclosed porch with a view of your own private garden. An additional buildable lot, also located in the back, conveys with the property.
311 Winding Way Drive is the perfect blend of warmth and charm with all the modern comforts. Come see it today!
Located just minutes from downtown Franklin, this home offers the perfect balance of seclusion and convenience in a walkable, golf cart-friendly neighborhood. Whether you're looking to settle in, invest, or create your private mountain escape-this property is a rare opportunity you won't want to miss!
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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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$449,900
↓ $35K
(7.2%) | |
| Price Decreased | |||
| May 10, 2025 | Price Decreased |
$485,000
↓ $35K
(6.7%) | |
| Price Decreased | |||
| Apr 10, 2025 | Listed by Keller Williams Great Smokies | $520,000 | |
| Listed by Keller Williams Great Smokies | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017