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40 Walnut Ridge Circle
About This Property
Step inside to a stunning great room with cathedral ceilings and floor-to-ceiling windows, filling the space with natural light and showcasing the surrounding landscape. A stone fireplace creates a warm focal point, perfect for cozy evenings. The home features Australian cypress flooring, custom cherry cabinetry in the kitchen and primary suite, and maple cabinetry throughout the rest of the home, highlighting the attention to detail and high-end finishes.
The layout is designed with privacy in mind, offering comfortable separation for guests and family. The upper level includes a spacious family room along with a bonus office/den or additional guest space, providing flexibility for a variety of needs.
The lower level is a true standout, featuring a woodworker's dream workshop along with a separate garage for additional storage or workspace.
Located within the Eagle Lake community, residents enjoy access to a 32-acre private lake, ideal for swimming, fishing, boating and beach access, all while being just minutes from downtown Brevard, DuPont State Forest, Pisgah National Forest, and a short drive to the Asheville Regional Airport.
With its combination of privacy, craftsmanship, and access to both nature and community amenities, 40 Walnut Ridge Circle offers a rare opportunity to experience the best of mountain living.
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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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$1,099,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$1,199,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$1,299,000
↓ $151K
(10.4%) | |
| Price Decreased | |||
| May 5, 2026 | Price Decreased |
$1,450,000
↓ $100K
(6.5%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by Looking Glass Realty | $1,550,000 | |
| Listed by Looking Glass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017