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$690,000
● Land - Off Market

tbd Memory Lane

Cullowhee, NC
bedrooms
Studio
bathrooms
0 Bath
$3,683
Est. Monthly

About This Property

OWNER FINANCING  AVAILABLE Breathtaking Hidden Falls located near the north side of Lake Glenville might be just the development you've been seeking. As you meander onto the property, you will be enchanted by mature trees, lush greenery, flowering shrubs, and flowing water. Already separated into lots, this 18 +/- acre parcel boasts fantastic mountain views, creek frontage, and a gorgeous waterfall. Hidden Falls started as an idea for a subdivision and has progressed into engineered drawings and plats. The creek on this property is bold and wide and extends along all lower parts of the property. This collection of nine lots would make a sizable family estate or a beautiful multi-home subdivision. An added bonus is that this hidden beauty is a short eight miles to the crossroads of Cashiers!
Unit Size
-
Days on Market
-
Land Size
17.82 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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: 8 months ago (CANOPYMLS #CAR4332012)

Price History

Date / Event Date Event Price
Mar 26, 2026 Sold
Premium
Sold
Feb 16, 2026 In contract -
In contract
Dec 30, 2025 Listed by Landmark Realty Group $750,000
Listed by Landmark Realty Group

Property Highlights

With View
Exterior Details
Lot Size Area: 17.82
Lot Size Units: Acres
Lot Size Acres: 17.82
Lot Size Square Feet: 776239.2
Water Source: Well
Financial Details
Tax Assessed Value: $733,000
Utilities Details
Sewer : None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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CANOPYMLS

Listed by: Ron Hensley, Landmark Realty Group
Last Updated: 8 months ago
Data Source: CANOPYMLS, MLS# CAR4332012
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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