$443,000
●
Mobile Manufactured -
Off Market
523 Quiet Waters Road
Spring Hope, NC 27882
3 Beds
2 Baths,
1
Half Bath
1,837 Ft²
$2,300
Est. Monthly
4.75%
Cap Rate
About This Property
Escape to 15.5 acres of scenic, private land complete with a 1-acre
pond, horse pasture, and stables-perfect for those craving space,
serenity, and outdoor living. This 3-bedroom, 2 and a half bath
home offers two spacious living areas, a screened-in porch, and a
hot tub and sauna for relaxing while soaking in the views. Brand
new HVAC was installed April 2025.
For those needing serious storage, the 2,000+ sq ft detached shop is a dream-fully equipped with electricity and large enough to accommodate an RV, workshop, or whatever your heart desires. Property boasts an incredible 300 ft of Tar River frontage. Whether you're after a peaceful retreat, room to entertain, or space to pursue your passions, this one checks all the boxes. Schedule your tour today and see it all in person
For those needing serious storage, the 2,000+ sq ft detached shop is a dream-fully equipped with electricity and large enough to accommodate an RV, workshop, or whatever your heart desires. Property boasts an incredible 300 ft of Tar River frontage. Whether you're after a peaceful retreat, room to entertain, or space to pursue your passions, this one checks all the boxes. Schedule your tour today and see it all in person
Unit Size
1,837 Ft²
Days on Market
-
Land Size
14.54 acres
Price per sqft
$242
Property Type
Mobile Manufactured
Property Taxes
$114
HOA Dues
-
Year Built
1995
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (TMLS #10087779)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| Apr 17, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Listed by DASH Carolina | $445,000 | |
| Listed by DASH Carolina | |||
| Dec 17, 2021 | No longer available | - | |
| No longer available | |||
| Nov 18, 2021 | Listed by The Brokerage House | $399,900 | |
| Listed by The Brokerage House | |||
| | |||
|
Great opportunity to purchase a large tract of land right off of the interstate and just outside of Raleigh, NC! The home includes 3 bedrooms, 2.5 bathrooms, a fireplace, 2 living areas, a hot tub, a screened in porch, outdoor deck, along with many other features! The beautifully wooded property has everything you need including a horse pasture and barn, a large workshop/garage, an outdoor fire pit, and paved trails throughout! In addition to its own private pond and dock, it also has its own river access The manager has listed the unit size as 1830 square feet.
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Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Nash
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Listed by: Courtney LaMotte, DASH Carolina
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10087779
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10087779
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