318 Sweedens Overlook
About This Property
The west-facing homesite captures panoramic views across the Tennessee Valley, surrounding mountain ridgelines, distant waterfall vistas, and unforgettable sunset views. With approximately 377 feet of bluff frontage and views in nearly every direction, the property offers multiple opportunities to position a custom home, outdoor living area, deck, or patio around the natural mountain setting. The 5.39-acre lot features a desirable mix of level and gently sloping terrain, providing flexibility for building while maintaining privacy and views.
Underground utilities and public water are available within Jasper Highlands, adding convenience for future construction. The property feels private and secluded, yet it is located just across the way from the community pool and within easy walking distance of recreation and neighborhood amenities. The combination of 5.39 acres, extensive bluff frontage, western exposure, mountain views, sunset views, buildable terrain, public water, and underground utilities makes this a standout Jasper Highlands land opportunity.
Jasper Highlands is a premier gated mountain community known for scenic bluff properties, mountain homes, outdoor recreation, and an impressive collection of amenities. Residents enjoy community pools, a fitness center, parks, hiking and walking trails, scenic overlooks, recreation areas, an outdoor pavilion, gathering spaces, and abundant wildlife throughout the community.
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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 2, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $430,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
| Feb 22, 2021 | Listed by Fletcher Bright Realty | $524,900 | |
| Listed by Fletcher Bright Realty | |||
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Come see this big, beautiful brow lot that would be perfect to build your dream home on in the premier neighborhood of Marion County, Jasper Highlands. This amenity abundant neighborhood includes everything one could ever want from its very own private fire station, tennis courts, swimming pool, shopping center, restaurants, and much more this neighborhood provides you with everything you could need while instilling a sense of community and an active social scene. You will not want to miss out on this opportunity to build the home of your dreams in the neighborhood of your dreams so call and schedule a tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017