664 Chenocetah Drive
About This Property
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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 |
|---|---|---|---|
| Aug 17, 2026 | Listed by BHHS Georgia Properties | $599,000 | |
| Listed by BHHS Georgia Properties | |||
| Aug 15, 2026 | Price Decreased |
$1,590,000
↓ $310K
(16.3%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by BHHS Georgia Properties | $1,900,000 | |
| Listed by BHHS Georgia Properties | |||
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Perched atop a private ridgeline on prestigious Chenocetah Mountain, this extraordinary 13.5-acre estate captures sweeping, unobstructed views of Mount Yonah and the surrounding Blue Ridge foothills. Offering a rare combination of elevation, privacy, and accessibility, the property delivers a true mountain retreat just minutes from Hwy 365 with seamless access to Atlanta, Gainesville, and Athens. The fully renovated and perfectly classic mid-century modern 4-bedroom, 4-bath residence blends modern comfort with timeless natural surroundings. Designed for both everyday living and entertaining, the home features an open-concept kitchen and living space, multiple porches-including a screened-in outdoor living area-and expansive windows that frame mountain views. The land itself is equally compelling-rolling, usable acreage crowned by a scenic mountaintop homesite, all directly bordering 650 acres of protected national forest. Step from your property onto miles of trails leading to Lake Russell, or enjoy nearby landmarks such as the historic Chenocetah Fire and the thriving Downtown scene in Cornelia. With city water, sewer, and high-speed fiber already in place, this property offers the rare ability to enjoy refined mountain living without sacrificing modern convenience. Whether envisioned as a primary residence, second home, or legacy family retreat, this is a once-in-a-generation offering-available for the first time in over 80 years.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017