13
Map
$468,000
↓ $20K (4.1%)
●
Land -
For Sale
5339 Knollview Drive
Morganton, NC 28655
Studio
0 Bath
$2,403
Est. Monthly
$104
HOA / Fees
About This Property
Build your Lake James dream home on the 2.53-acre lot with boat
slip (#55) in the very desirable Dry Creek lakefront community
on Lake James. Lake James has more than 150 miles of shoreline
and is one of the cleanest lakes in the United States,
featuring many islands throughout the lake, excellent fishing,
and stunning Blue Ridge Mountain views. Your new lake home can be
built with a wood, brick, stone, or hardiplank exterior. Located on
the northeast side of Lake James, only 15 minutes from I-40, less
than 20 minutes from Downtown Morganton and Marion, and less than
40 minutes from Asheville and Hickory. This community includes an
outdoor pool, clubhouse, hiking trails, boat slips, city water, and
underground utilities. There are various large and gently rolling
building sites on this 2.53-acre parcel of land that
will accommodate any type of estate residence. The
multimillion-dollar homes in Dry Creek are all of large size,
giving you great privacy and sightings of wildlife.
Unit Size
-
Days on Market
-
Land Size
2.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$104
Year Built
-
Listed By
Tracy Dowling
Homecoin.com
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Cap Rate
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: 6 months ago (CANOPYMLS #CAR4144207)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2025 | Price Decreased |
$468,000
↓ $20K
(4.1%) | |
| Price Decreased | |||
| May 25, 2024 | Listed by Homecoin.com | $488,000 | |
| Listed by Homecoin.com | |||
| Dec 9, 2019 | No longer available | - | |
| No longer available | |||
| Jun 12, 2019 | Listed | $208,800 | |
| Listed | |||
| | |||
|
Build your dream home on the 2.53 acre lot with boat slip in sought after Dry Creek lakefront community at Lake James. Lake James is one of cleanest lakes in the US with islands throughout the lake, great fishing and mountain views. The location is just as great as it is less than 20 mins to Downtown Morganton and Marion, and less than 40 mins to Asheville and Hickory. Despite the low HOA fees this community offers a pool, club house, walking trials, city water, and underground utilities. There are numerous building sites on this property that would accommodate all types of homes. Lots around this home are all of good size allowing for privacy and wild life is often seen roaming about.
| |||
Property Highlights
Exterior Details
Waterfront Features: Beach - Private, Beach - Public, Boat Lift, Boat Ramp – Community, Boat Slip – Community, Boat Slip (Deed), Boat Slip (Lease/License), Dock, Personal Watercraft Lift, Pier - Community
Waterbody Name: Lake James
Lot Features: Corner Lot, Cul-De-Sac, Level, Open Lot, Paved, Private, Sloped, Wooded, Views, Green Area, Hilly
Lot Size Area: 2.53
Lot Size Units: Acres
Lot Size Acres: 2.53
Lot Size Square Feet: 110206.8
Water Source: City
Financial Details
Tax Assessed Value: $141,980
Utilities Details
Sewer : Septic Needed
Location Details
HOA/Condo/Coop Amenities: Picnic Area, Trail(s)
HOA Fee: $1,250
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Dry Creek Southpointe
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Listed by: Tracy Dowling, Homecoin.com
Last Updated: 6 months ago
Data Source: CANOPYMLS, MLS# CAR4144207
Last Updated: 6 months ago
Data Source: CANOPYMLS, MLS# CAR4144207
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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