811 Hemlock Drive
About This Property
Located at 811 Hemlock Grove in Newland North Carolina, this is the perfect scenic mountain getaway.
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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%.
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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 |
|---|---|---|---|
| Jul 23, 2026 | Listed by Beycome Brokerage Realty LLC | $131,250 | |
| Listed by Beycome Brokerage Realty LLC | |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 15, 2025 | Listed by Braswell Realty II Inc. | $865,000 | |
| Listed by Braswell Realty II Inc. | |||
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Custom-built mountain home located in the desirable Mountain Glen Golf Course community! This beautiful property features a post and beam design with tongue-and-groove ceilings and an open floor plan that perfectly blends mountain character with modern comfort. The main level offers a spacious primary suite with an en suite bathroom featuring double sinks, jetted tub, separate shower, and convenient washer and dryer. There’s also a second bedroom and full bath on the main floor. The chef’s kitchen includes a granite island, farmhouse apron sink, stainless steel appliances, and built-in wine cooler. Glass French doors fill the home with natural light and open to expansive decks—great for entertaining or relaxing. Upstairs features a cozy loft area and full bath, while the finished basement provides a large family room, gaming area, additional bedroom, full bath, and abundant storage space. Outside, you’ll find a detached one-car garage and a perfect spot to park your golf cart for easy access to the course. This home offers the ideal blend of craftsmanship, functionality, and mountain living in one of Newland’s most sought-after golf communities! Seller is offering seller financing with 20% down payment.
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| Oct 11, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 21, 2025 | Listed by EXP Realty LLC Mooresville | $899,000 | |
| Listed by EXP Realty LLC Mooresville | |||
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This custom-built home offers an open floor plan with striking post and beam construction and tongue-and-groove ceilings throughout. The main level includes a primary bedroom, and new room addition each with full private bathrooms. The primary suite features a vaulted ceiling with a spacious bathroom with double sinks, a jetted tub, a separate shower, and a stacked washer/dryer. The chef’s kitchen is designed for both style and function, with a granite island, built-in wine cooler, a farmhouse apron sink and stainless steel appliances. Glass french doors open to expansive decks, filling the home with natural light and mountain views, while custom details such as a bark-detailed bedroom door and bark accent wall add warmth and character.
Upstairs, a loft offers flexible living space with a full bath and large windows that brighten the area. It can serve as a third bedroom, guest suite, or double home offices. The lower level expands the home’s livability with a game area, den, large bedroom with full bath, and ample storage space. Outside, a detached one-car garage provides additional storage and room for a golf cart. Mountain Glen Golf Club memberships are available for an additional fee, separate from POA dues. This home blends craftsmanship, thoughtful design, and mountain charm, creating an ideal setting for either full-time living or a peaceful retreat.
***Owner will consider seller financing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017