451 Crescent Trail
About This Property
The open-concept living and dining areas flow seamlessly into a well-appointed kitchen featuring stainless steel appliances, classic cabinetry, and generous counter space-ideal for both everyday living and entertaining. Walls of windows and French doors invite the outdoors in, opening to expansive decks that overlook the surrounding forest and create the perfect setting for morning coffee or evening gatherings.
The main living spaces are complemented by a loft-style upper level, offering flexible use for guests, a home office, or additional living area. This well-proportioned 3 bedroom (with a lower level room with space to add a 4th bedroom) and updated baths provide comfort and privacy
Outdoor living is a highlight, with multiple deck areas, a private screened in porch and a covered entry that enhance the home's connection to nature and the mountain lifestyle Cullasaja Club is known for. Ownership along with an approved membership, offers access to world-class amenities, including championship golf, dining, wellness, and social offerings, all within one of Highlands' most sought-after private communities.
A rare opportunity to enjoy elegant mountain living in Cullasaja Club, where natural beauty, privacy, and club lifestyle come together effortlessly.
Residents of Cullasaja Club with approval of private membership, enjoy an exceptional mountain lifestyle anchored by a championship Arnold Palmer–designed golf course, a renowned clubhouse with fine and casual dining, state-of-the-art wellness and fitness facilities, tennis courts, swimming, and an active calendar of social events. Ideally located just minutes from Highlands, the club offers easy access to award-winning restaurants, boutique shopping, art galleries, and cultural events-combining the privacy of a premier gated community with the vibrancy of one of the Southeast's most beloved mountain towns.
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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 |
|---|---|---|---|
| Jul 14, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Price Decreased |
$1,775,000
↓ $125K
(6.6%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by MOUNTAIN LIFE REAL ESTATE, LLC | $1,900,000 | |
| Listed by MOUNTAIN LIFE REAL ESTATE, LLC | |||
| Aug 12, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017