Beautifully balanced and brimming with appeal, 715 Bellmeade Bay Dr
delivers thoughtful updates, generous space, and a private retreat
in Durham's coveted Grove Park. Crisp LVP flooring spans the main
level, anchoring the light-filled living and dining spaces designed
for effortless hosting. At the heart of the home, the refreshed
kitchen shines with granite countertops, a tiled backsplash,
stainless steel appliances, sleek two-tone cabinetry, and an
adaptable custom island. Upstairs, the primary suite serves as a
true sanctuary with dramatic cathedral ceilings, tailored walk-in
closet organization, and an ensuite bath with a separate shower and
soaking tub. Three additional bedrooms adapt easily for guests,
remote work, or hobbies. Outside, the expansive, fully fenced
backyard offers a private haven for weekend gatherings. Beyond the
home, Grove Park features premier neighborhood amenities including
a serene lake, pool, walking trails, and tennis, pickleball, and
basketball courts. Ideally situated near Downtown Durham, Brier
Creek, and major Triangle employment hubs, this turn-key residence
offers a rare blend of charm, function, and active living.
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.
Great Buy and Priced to Sell!!! 4 beds/2.5 baths, and space galore!! This property is close to connecting highways and RTP. This home sits on a nice lot and with a little imagination, this home could be marvelous! Come and see what I'm talking about and request your property viewing on today.
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