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712 Wedgewood Drive
About This Property
Wedgewood home offers the perfect blend of privacy, convenience, beautiful
views, and true mountain living. Set well back from the street with a long private
driveway and abundant parking, the home creates an immediate sense of arrival
and shows like a model. Designed for easy living, the light-filled floor plan
showcases beautiful views of the mountain range, Cherokee Golf Course Hole
#3, and seasonal lake views. The inviting sunroom and spacious enclosed porch
with custom Easy Breeze windows are ideal for morning coffee, evening wine, or
simply relaxing while taking in the peaceful scenery. The main level features a
spacious primary suite plus two large guest bedrooms, offering comfortable one-
level living. The terrace level provides excellent space for guests and
entertaining, including an expansive family room with bar, an additional guest
bedroom, private office, large workshop, abundant storage, and a spacious deck
with hot tub and exterior stacked-stone gas fireplace. Additional floored attic
space offers even more storage. Notable improvements include upper-level
HVAC replacement, upgraded kitchen appliances, complete roof replacement,
enclosed rear upper porch, terrace-level stacked-stone gas fireplace, hot tub,
extensive native landscaping, rear vista pruning, and a three-zone stereo sound
system. Wedgewood is one of Big Canoe's most sought-after neighborhoods,
known for its level, walkable streets and convenient location near the North Gate
and Big Canoe's outstanding amenities. Whether you are searching for a full-time
residence or the perfect mountain getaway, this home delivers the Big Canoe
lifestyle buyers dream about: beautiful views, outstanding outdoor living spaces,
flexible room for guests, and a location that is hard to match. Homes with this
combination of setting, floor plan, improvements, and lifestyle opportunity rarely
come to market. Buyer to verify all information and dimensions deemed important.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017