722 FOLEY RIDGE ROAD
About This Property
The addition was conceived as a galvanized steel monolith elevated on two concrete walls, oriented perpendicular to the fall of the land to maintain natural drainage and minimize site disruption. This is not a renovation bolted onto an old cabin. It is a purposeful architectural statement, permanent and precise, rooted in the Appalachian tradition of doing more with less.
Each primary space inside was carefully carved from the monolith and oriented toward a particular natural vista. The maple-clad primary bedroom suite rises to the full height of the gable and faces northwest, delivering the longest sunset view of the distant mountain horizon. Floor to ceiling glass panels frame an unobstructed Blue Ridge panorama that becomes the room itself. Custom built-in shelving is integrated directly into the warm wood walls, and every surface reflects the same intentional craft that earned this project its national attention. A concrete bathroom opens only to the eastern sky, and a wedged corridor bridges the two structures, connecting old and new without apology.
The original cabin brings its own warmth to the pairing. An expansive screened porch stretches across the back and captures the same ridge views in a more relaxed setting. The kitchen is well appointed with quality appliances, and the living spaces carry the comfortable character of a mountain home that has been genuinely lived in and cared for. The home also offers a whole house generator for added piece of mind.
Outside, the land does the rest. Wooded acreage surrounds the cleared ridgeline setting on all sides, and the Blue Ridge fills the horizon in every direction you want it to.
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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 |
|---|---|---|---|
| Jun 11, 2026 | Listed by EXP Realty, LLC | $529,000 | |
| Listed by EXP Realty, LLC | |||
| Feb 2, 2023 | No longer available | - | |
| No longer available | |||
| Nov 18, 2022 | Relisted | $349,900 | |
| Relisted | |||
| Nov 16, 2022 | No longer available | - | |
| No longer available | |||
| Sep 14, 2022 | Price Decreased |
$349,900
↓ $30K
(7.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017