5438 Highway 11W S
About This Property
Live on the lake full-time -- not just on weekends.
This 2023-built, move-in ready home offers everyday lake living on beautiful Cherokee Lake in Bean Station. With 4 bedrooms, 2 baths, and over 1,900 square feet, there's room for family, guests, or a dedicated home office -- all on a manageable 1.06-acre lot with direct water access.
Step out back to your private dock and enjoy boating, fishing, or sunset views whenever you choose. Whether it's morning coffee overlooking the water or an evening cruise, this home makes lake life part of your daily routine.
Built in 2023, the home offers the peace of mind of newer construction with modern finishes and low-maintenance living. Easy access to Highway 11W makes commuting to Morristown and surrounding areas simple -- combining convenience with waterfront living.
If you've been looking for a practical, full-time lakefront home -- not a seasonal cabin -- this property delivers comfort, accessibility, and the opportunity to enjoy Cherokee Lake year-round.
Schedule your private showing and experience what everyday lake living feels like.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Price Decreased |
$429,900
↓ $9K
(2.1%) | |
| Price Decreased | |||
| Jan 17, 2026 | Price Decreased |
$438,900
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$439,900
↓ $5K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017