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3517 Honeysuckle Drive
About This Property
Set on a beautifully landscaped 1+ acre homesite in the highly desirable Weddington School District, this property offers the space and privacy of a countryside retreat with convenient access to Downtown Matthews, shopping, dining, and only 30–35 minutes to Uptown Charlotte or Charlotte-Douglas International Airport. Weddington continues to emerge as one of Union County's most desirable luxury corridors, where expansive homesites, beautiful residences, and a serene setting come together just minutes from everything.
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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 8, 2026 | Price Decreased |
$795,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Sep 12, 2026 | Listed by Helen Adams Realty | $800,000 | |
| Listed by Helen Adams Realty | |||
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by COMPASS | $695,000 | |
| Listed by COMPASS | |||
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Beautiful custom ranch home with high ceilings, gracious moldings and the perfect floor plan on just over an acre of land! Most of the home has been freshly painted, and the kitchen was just renovated with new white quartz countertops and a gorgeous backsplash. High end appliances include a Wolf cooktop. The primary bathroom is a renovator's dream - it's in good shape now but has a fabulous footprint for your buyer to realize their vision in the space. All bedrooms are very large. The garage has so much extra storage with walk-up stairs above. Outdoors the oversized deck is partially covered and the lot is amazing space that provides premium privacy. The cherry on top is the workshop, served by a separate entrance - a woodworker's dream! Premium Weddington schools, very highly rated, and Weddington High were the 2023 North Carolina 4A Football State Champions. Close to Matthews, Waverly, and a short distance to I-485.
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About Weddington
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$8,500 /mo
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$4,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017