Tucked in the sought-after Hully Gully area of 1780 , this
3000-square-foot Arts and Crafts-inspired home blends craftsman
character with easy mountain-lake living, right down to a deeded
boat slip and direct access to the community trail leading to Camp
Lake James. The open main level is anchored by a living room with a
stone fireplace and custom built-ins, plus a cute reading nook
tucked under the stairs-a perfect place for a nap or kids to sleep.
Hardwood floors run throughout. The kitchen's large quartzite
island flows into an open dining area leading to an uncovered deck
and a screened porch with its own wood-burning fireplace - ideal
for three-season entertaining. The primary suite, also on the main
level, offers an ensuite bath with a large tiled shower plus a
private study or sitting room for quiet mornings or work-from-home
flexibility. Upstairs, two additional bedrooms each enjoy
private half baths with a shared tub/shower, alongside a flexible
bonus space ready to serve as a TV room, game room, or bunk room
for extra sleeping quarters - perfect for visiting family and
friends. Practical spaces are just as thoughtfully designed, with a
large mud room, laundry area, walk-in pantry, coat closet, and a
dedicated storage/office area keeping everyday life organized. A
one-car garage and outdoor shower are easily accessible from the
mudroom. Outdoor living is exceptional here with a grilling deck,
uncovered deck and an a lower patio with a hot tub inviting
relaxation under the stars. For true tranquility, take a short walk
into the woods to a private deck made for yoga, meditation, or
quiet reading.For more social activities, access the adjacent
community trail and head to Camp Lake James with canteen for snacks
and drinks, exercise room, outdoor pool and hot tub, tennis &
pickle ball courts and trails. Your deeded slip is also near
the Camp. Although this is a one owner home that has never been
rented, short term rental are allowed. Enjoy biking and hiking on
nearby trails at Lake James State Park, Pisgah NF and Fonta Flora
State Trail.
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.
Timeless craftsmanship blended with gracious Lake James community living—that’s how we describe this home. The setting is wooded and private, near the 1780 Community pond and the trails of Hully Gully, which allow you to walk down to the lakeshore or Camp Lake James in minutes. This spacious home is functional for full-time living, but it’s also allowed to be a short term rental with significant income potential. It has a large kitchen with custom cabinetry, gas range, wine cooler, granite countertops and a large quartzite island. The downstairs living area has wide-planked hardwood floors and a stone fireplace with vented gas logs, custom bookcases and arts and crafts style details. The living area also leads to a custom screened porch with cathedral tongue and groove ceiling, wood fireplace and stone chimney. A charming reading nook under the staircase provides a peaceful escape, while also serving as a twin bed for a guest. The extra large primary bedroom suite has hardwood floors that flow into a private sunroom. It includes a private deck and a walk-in closet. The primary bathroom has tile floor, walk-in tile shower, water closet, independent sink vanities with granite tops and custom drawers for linens and towels. Upstairs, you’ll find two large bedrooms separated by a cozy media den and a jack and jill bathroom. Each bedroom has two built-in twin beds and is also roomy enough for a king-sized bed. Spacious floored attic space is accessible through the bedrooms on both sides of the house. The front door entryway has a slate floor and a powder room. The breezeway entry is through a long tiled mudroom, which includes laundry, pantry, hall closet and storage room/kennel with a dog access door. The stone breezeway has a tiled outdoor shower and leads to the garage. The back of the house has a yard surrounded by woods with a quiet lounging/exercise platform and a large patio with a hot tub. The house has a sealed crawl space, only one owner and has never been rented. It also comes with a boat slip on the Patton Docks. Ownership in 1780 includes membership to Camp Lake James and its amazing amenities and community events. Amenities include restaurant, fitness center. kids pool and junior olympic size pool, hot tub, tennis, pickleball, beach with paddle boards and kayaks, docks, and outdoor bar. Check out Camplakejames.com.
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