723 N Highland Road
About This Property
Perfectly positioned to capture breathtaking long-range mountain views, this thoughtfully updated home blends timeless craftsmanship with modern comfort. Rich wood interiors, soaring ceilings, and expansive windows invite the natural beauty indoors, creating a warm yet elevated retreat.
Bright's Creek meanders through the property, enhancing the sense of tranquility and providing a picturesque backdrop to this extraordinary setting.
Complementing the main residence, a detached three-car garage features beautifully appointed secondary living quarters above-rustic, inviting, and ideal for hosting guests, accommodating extended family, or creating a private retreat space.
Located within the highly sought-after Lake Adger community, residents enjoy access to miles of scenic trails, equestrian paths, and lake access, all just minutes from the charming towns of Lake Lure, Chimney Rock, Tryon & Columbus. Just minutes from TIEC.
This is more than a home-it's a legacy property offering unmatched privacy, natural beauty, and refined mountain living.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$1,475,000
↓ $70K
(4.5%) | |
| Price Decreased | |||
| Sep 25, 2026 | Relisted | $1,545,000 | |
| Relisted | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Century 21 Blackwell & Company Realty | $1,545,000 | |
| Listed by Century 21 Blackwell & Company Realty | |||
| Feb 2, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017