Lot 85 Waterdance Drive
About This Property
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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 |
|---|---|---|---|
| Mar 25, 2026 | Listed by MOUNTAIN LIFE REAL ESTATE, LLC | $43,000 | |
| Listed by MOUNTAIN LIFE REAL ESTATE, LLC | |||
| Apr 1, 2024 | No longer available | - | |
| No longer available | |||
| Mar 27, 2023 | Listed by Treadwell Property Group | $240,000 | |
| Listed by Treadwell Property Group | |||
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1,000+/- feet above the community's covered bridge entrance, sits this large lots with long-range mountain views in two directions. Recently surveyed and well flagged to easily determine lot boundaries and envision your future mountain escape. Three adjoining lots, 82, 83 & 84 can also be purchased for a combined 6.5+/- acre mountaintop estate! (Ask your agent for details.) These lots offer cell service with at least two carriers*. Easy paved access from Highway 107N. Only a couple hundred yards from one of two common areas with a sheltered patio with a picnic table and viewing ledge where you can enjoy stunning long-range views for miles on sunny days. Both pavilions offer fireplaces, picnic areas and restroom facilities. New community water system and underground utilities for all lots. For the avid fisherman, the community also offers guided trips with a local fly-fishing company, Brookings Anglers, which also manages the section of the Tuckasegee River that adjoins the community to provide a healthy, sustainable and abundant trout population for the community's private enjoyment. Must see to truly appreciate the beauty, tranquility and scenic vistas of this property and the surrounding neighborhood! Waterdance isn't just a community; it's a vision brought to life! With infrastructure planned for multi-million-dollar homes, this opportunity is truly exceptional and won't come around often. Don't miss your chance to be part of this extraordinary enclave and create the life you've always dreamed of. Schedule a showing today to seize this rare opportunity and begin your journey in Waterdance. The possibilities are endless, and the allure is undeniable!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017