719 Deerlake Road
About This Property
Waterfront properties are among the most sought-after real estate opportunities in the mountains of North Carolina, and opportunities within the city limits of Brevard are extraordinarily limited. In fact, this residence is believed to be one of fewer than ten waterfront homes located within Brevard city limits. Adding to its appeal, the property adjoins a conservation area, creating an added sense of privacy and natural beauty that is increasingly difficult to find.
The unique peninsula configuration provides a dramatic and captivating relationship with the water. From nearly every perspective, the home appears embraced by the lake, offering ever-changing reflections, expansive water views, and a setting that feels both serene and unforgettable. The result is a rare combination of visual impact and peaceful enjoyment that distinguishes this property from traditional waterfront offerings.
Located in the highly regarded Deerlake Village community, residents enjoy a thoughtfully engineered neighborhood known for its attractive setting, walkability, and outstanding amenities. Community features include a clubhouse, private lake, walking trails, and gathering spaces that foster a strong sense of community. The neighborhood also enjoys convenient access to the area bike path and is just moments from downtown Brevard.
Known as the "Land of Waterfalls," Brevard is one of Western North Carolina's most charming and historic mountain towns. Surrounded by Pisgah National Forest, DuPont State Recreational Forest, and countless outdoor recreation opportunities, the area is equally celebrated for its vibrant arts scene, music, local restaurants, and welcoming small-town atmosphere. Asheville Regional Airport is only a short drive away, providing convenient access for travel and making this property an ideal year-round residence or mountain retreat.
Properties offering this combination of waterfront living, conservation land adjacency, city services, community amenities, and proximity to downtown Brevard are exceptionally rare. Experience a unique opportunity to enjoy one of the area's most distinctive and desirable waterfront settings.
Schedule your showing today! Checkout Deerlake Village's HOA website for all community information.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$1,000,000
↓ $399K
(28.5%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$1,399,000
↓ $101K
(6.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by Looking Glass Realty | $1,500,000 | |
| Listed by Looking Glass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017