516 Clearwater Circle
About This Property
The home features a thoughtfully designed layout with one bedroom on the main level and a spacious loft bedroom above, each with its own full bathroom. This setup provides both privacy and flexibility, making it perfect for personal use, hosting guests, or short-term rental.
Inside, you'll love the open-concept kitchen and living space, designed for both functionality and connection. The tasteful renovations throughout give the home a fresh, elevated feel while still maintaining that cozy mountain character buyers are looking for.
One of the standout features is the large wrap-around screened-in porch, perfect for enjoying morning coffee, relaxing evenings, or taking in the peaceful wooded surroundings without the hassle of bugs.
Located within the desirable Laurel Valley community, you'll have access to incredible amenities including the Wild Laurel Golf Course, swimming pool, fitness facility, and an on-site tavern adding both lifestyle and value to the property.
If you've been searching for a serene getaway with modern updates, strong rental potential, and access to top-tier amenities, all just a short drive to the Smoky Mountains, this property truly checks all the boxes.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$439,900
↓ $9K
(2%) | |
| Price Decreased | |||
| Jul 6, 2026 | Price Decreased |
$449,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Apr 6, 2026 | Listed by Keller Williams | $459,000 | |
| Listed by Keller Williams | |||
| Dec 1, 2023 | No longer available | - | |
| No longer available | |||
| Nov 24, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017