This truly unique home has a touch of mid-century-modern style.
Carefully designed and lovingly built by a noted Atlanta Architect,
he enjoyed this home for many happy years. Planned to meet the
needs of his family, grandchildren and friends for years to come,
it has served that purpose very well. Fortunately for you,
it's time for this treasured home to be passed along to a new
owner. This home is looking for someone who will appreciate the
fine quality, the unique floor plan and the peaceful lifestyle that
the Skylake community embodies. Enter the foyer and
appreciate the vaulted open-beam ceiling that is a theme throughout
the home. Light and bright describes the whole house.
With lots of windows and glass doors, the natural beauty of
mountain living is brought inside. The main level features a large
living area with a stately floor-to-ceiling masonry stone
fireplace. The separate dining room can host large gatherings. A
well-designed kitchen flows into the dining area and has timeless
solid oak cabinets, many with glass fronts. A large, screened porch
is just off the kitchen for dining outside. From its
conception, this home was ahead of its time in many ways. The main
level offers a split bedroom plan with two primary bedrooms each
with a private bath. A sun-filled office/library completes
the main level. On the Terrace Level are two bedrooms that
share a full bath, and the stone fireplace is repeated in the large
den. The kitchen, primary bedroom suite and office/library
were added to the home around 1990, along with the wine cellar,
garage and carport. The parquet floors are in remarkable
condition and speak to the care this home has seen over the years.
The tile bathrooms are original and have tasteful neutral colors
that stand the test of time. The yard has mature plantings,
Japanese maple, natural rhododendron and mountain laurel. Multiple
open porches and decks overlook the natural, easy-care yard. The
terrace level sliding glass doors open to the covered patio and
lower yard. Other unique features of the yard are the established
Koi pond, stacked stone walls accenting the walkways, and the upper
and lower asphalt driveways that provide easy access to both the
upper and lower levels. Living in Skylake has much to offer,
including hiking trails, a community park at York Falls, many
social clubs, a swimming pool, pickleball courts, canoeing, fishing
and don't forget the large Clubhouse overlooking the lake.
Enjoy all the many amenities, the community water system and
private roads, and 24/7 gated security. Septic sytem is rated for
2BR. NO STR Allowed in Skylake!
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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