685 Pinecrest 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 |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 1, 2025 | Listed by Corcoran Classic Living | $1,235,000 | |
| Listed by Corcoran Classic Living | |||
| Aug 16, 2025 | Price Decreased |
$1,299,000
↓ $51K
(3.8%) | |
| Price Decreased | |||
| Jun 11, 2025 | Listed | $1,350,000 | |
| Listed | |||
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Set on a quiet street in the heart of one of Athens' most sought-after neighborhoods, 685 Pinecrest Drive presents a rare opportunity to own a truly turn-key property in Five Points at an exceptional value. Situated on a generous half-acre corner lot and within walking distance to Five Points, Barrow Elementary, Sanford Stadium, and UGA's campus, this home combines an irreplaceable location with a comprehensive, high-end renovation-completed in June 2025. Every major system in the home has been replaced or upgraded, including a brand new architectural shingle roof, full electrical rewire with designer lighting, new plumbing throughout, two high-efficiency HVAC systems, and a Navien tankless gas water heater-offering years of low-maintenance living. This level of renovation, quality of finish, and overall square footage are exceedingly rare at this price point in Five Points. The interior offers nearly 3,500 square feet of finely curated living space, featuring new site-finished white oak hardwood floors, custom wood cabinetry, quartz countertops, a premium KitchenAid appliance package, and a full butler's pantry. A vaulted living room with masonry fireplace, formal dining room, and expansive great room with exposed beams and recessed LED lighting create a flowing layout ideal for both everyday living and elevated entertaining. The Primary Suite is privately positioned in its own wing of the home, offering a serene retreat complete with a dedicated screened porch, spa-like bathroom with garden tub, spacious walk-in shower, double vanity, and a massive custom walk-in closet. Downstairs, the daylight terrace level includes a full secondary living area, two additional bedrooms, full bath, gym/office, mudroom with an additional refrigerator connection, and access to a two-car drive-under garage. In addition to the garage, ample parking is available via a front parking pad and a rear driveway accommodating four+ additional vehicles, a rare find in Five Points. Outdoors, the newly landscaped yard offers ample green space for gardening or recreation, while multiple covered and uncovered porches provide extended living areas year-round. With its prime location, oversized lot, and no-expense-spared renovation, 685 Pinecrest Drive stands apart in today's market. This is not just a beautifully updated home-it is a rare opportunity to own a substantial, thoughtfully renovated residence in one of Athens' most enduring neighborhoods. LLC Owner is a Licensed Real Estate Broker in the State of Georgia.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017