$280,000
●
Condo -
Off Market
723 Springfork Drive
Cary, NC 27513
2 Beds
2 Baths
1,222 Ft²
$2,005
Est. Monthly
$327
HOA / Fees
4.02%
Cap Rate
About This Property
Welcome to lakeside living at its finest in this coveted
ground-floor condo overlooking Holiday Acres Lake. Soak in stunning
sunset views and peaceful wildlife sightings from the comfort of
your living room or while relaxing on your covered deck, where
nature becomes part of your everyday routine.
This 2-bedroom, 2-bath condominium offers a thoughtfully designed layout and the convenience of ample parking, including one assigned space plus plenty of guest parking. Step outside and enjoy scenic walking trails that wind around the lake and through beautifully manicured community grounds, perfect for morning strolls or evening unwinding. Residents also enjoy access to a community pool, ideal for warm Carolina days.
All of this is set in a fantastic Cary location, just minutes from gourmet dining, boutique shopping, and everyday conveniences. Whether you're seeking a tranquil retreat or a vibrant lifestyle close to it all, this lakefront condo offers the best of both worlds.
This 2-bedroom, 2-bath condominium offers a thoughtfully designed layout and the convenience of ample parking, including one assigned space plus plenty of guest parking. Step outside and enjoy scenic walking trails that wind around the lake and through beautifully manicured community grounds, perfect for morning strolls or evening unwinding. Residents also enjoy access to a community pool, ideal for warm Carolina days.
All of this is set in a fantastic Cary location, just minutes from gourmet dining, boutique shopping, and everyday conveniences. Whether you're seeking a tranquil retreat or a vibrant lifestyle close to it all, this lakefront condo offers the best of both worlds.
Unit Size
1,222 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
Condo
Property Taxes
$205
HOA Dues
$327
Year Built
1986
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (TMLS #10144742)
Price History
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Double Vanity, Walk-In Shower, Water Closet
Appliances: Dishwasher, Microwave
Flooring Type: Carpet, Wood
Laundry Features: In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1222
Architectural Style: Transitional
Year Built: 1986
Waterfront Features: Lake Front
Waterbody Name: Holiday Acres Lake
Building Area Total: 1222
Levels: One
Building Area Units: Square Feet
Construction Materials: Brick, Cedar
Water Source: Public
Financial Details
Tax Annual Amount: $2,457
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Trash, Water
HOA/Condo/Coop Amenities: Landscaping, Maintenance Grounds, Pond Year Round, Water
HOA Fee: $327
HOA Fee Frequency: Monthly
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/05/2026
| |
2 Bed
|
2 Bath
|
1222 ft²
|
$300,000
2 Bed
2 Bath
1222 ft²
|
$280,000
-6.67%
03/05/2026
|
Stacey Delgado
Redfin Corporation
|
|
03/10/2017
|
2 Bed
|
2 Bath
|
1263 ft²
|
$142,500
2 Bed
2 Bath
1263 ft²
|
$147,000
+3.16%
04/18/2017
|
Audrey Morris
Berkshire Hathaway HomeService
|
Building Info
About Cedar Pointe Condominiums
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Listed by: Stacey Delgado, Redfin Corporation
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10144742
Last Updated: 9 months ago
Data Source: TMLS, MLS# 10144742
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