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503 Cliff Ridge Drive
About This Property
Inside, a grand stone fireplace anchors the open living space and warms the adjacent sunroom. Outside a screen porch, trex deck, beautiful stone patio and fire pit make for easy entertaining or quiet evenings alone.
Cliff Ridge amenities include two swimming pools, a stocked pond, tennis/pickleball courts, playground and a beautiful clubhouse - Cliff Ridge is a true gated retreat where spring brings blooming rhododendron and mountain laurel and blue ghost fireflies lighting up the woods after dark.
One mile from Caesars Head State Park, 16 miles from Brevard, NC, and 20 miles from Travelers Rest, SC, 503 Cliff Ridge offers privacy without sacrificing access to the region's best outdoor recreation - ideal as a full-time residence or mountain retreat. Upscale furnishings are negotiable creating a true turn-key mountain getaway. STR is allowed.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Looking Glass Realty | $639,000 | |
| Listed by Looking Glass Realty | |||
| Mar 16, 2022 | No longer available | - | |
| No longer available | |||
| Mar 15, 2022 | Sold | ||
| Sold | |||
| Feb 2, 2022 | In contract | - | |
| In contract | |||
| Jan 5, 2022 | Listed by Looking Glass Realty | $525,000 | |
| Listed by Looking Glass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017