A rare countryside estate in prestigious Wakefield Estates features
over 8700 sq ft, this exceptional property offers privacy, luxury
and a resort-style setting on 2.36 acres backing to the protected
Falls Lake Corps area. Once featured in Southern Living magazine,
the five-bedroom, five-bath home is filled with timeless
architectural detail and thoughtfully designed spaces for everyday
living and entertaining. The main level features a dramatic owner's
suite with a spa-inspired bath, an impressive family room with
coffered ceilings and a fireplace, and a gourmet kitchen designed
to bring everyone together. A screened porch with a stone fireplace
creates an inviting place to relax while overlooking the peaceful,
wooded surroundings. A private home theater completes the main
residence. The nearly 2,000-square-foot pool house was built in
2008 with the same quality and character as the main home. It
includes a full kitchen, exercise room, sauna and an expansive home
office, offering incredible flexibility for entertaining, working
from home or accommodating extended stays. Surrounded by natural
beauty and designed with remarkable attention to detail, this
one-of-a-kind estate delivers the privacy of country living with
the convenience of one of North Raleigh's most desirable
communities.
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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