Welcome to this stunning 4-bedroom, 4.5-bath retreat offering the
perfect blend of luxury, comfort, and lake living. Thoughtfully
designed with two bedrooms on the main level and two in the
finished basement, this home flows effortlessly for everyday living
and entertaining alike. The main-level primary suite is a true
escape, featuring soaring cathedral ceilings, walk-in, tiled
shower, double vanities, and an expansive walk-in closet. A second
main-floor bedroom offers its own ensuite bath-ideal for an office,
guests or multigenerational living. At the heart of the home, the
great room impresses with dramatic beamed ceilings and a cozy gas
log stone fireplace, opening to a beautifully updated kitchen built
for the serious cook: an oversized island, 8-burner gas range with
double ovens, and full-size refrigerator and freezer. Walk out to
the covered deck and take in gorgeous lake views, or head down to
your own fire pit and enjoy an easy stroll to the water's edge.
Additional main-level features include a half bath and a functional
laundry/mudroom with side entry from the garage. The finished lower
level of the home extends the living space beautifully, with
stained concrete floors throughout, a kitchenette, third bedroom
with ensuite bath, and a fourth bedroom with hall bath and exterior
entry-perfect for coming in straight from the lake. A heated and
cooled workshop plus a large storage/exercise room complete the
lower level. The oversized 2-car heated garage boasts durable epoxy
flooring, while the finished room above-complete with a mini-split
and custom built-in cabinetry-offers endless possibilities as a
game room, hobby space, or craft studio. Outside, enjoy a covered
gazebo updated with composite decking and cable rails and private
one-slip floating dock with lift & jet ski docks-lake life at its
finest. All this offered mostly furnished with list of
exclusions. Located in the sought-after Southpointe community,
residents enjoy access to a sparkling pool, kayak launch, and the
scenic Dry Creek walking trails-all within walking distance.
Community access to the Fonta Flors State Trail provides miles of
hiking and mountain biking options. Just 20 minutes to
Morganton's shopping and entertainment, this home truly offers it
all.
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.
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