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$240k Gross Revenue; $100k Cash Profit; 16% CAP; 14% ROI; Masterpiece TURNKEY RENTAL MACHINE. Furnished (minor exclusions). Each room crafted in different wood species by the High Country's premier woodworker as his personal residence; optimized with $250k+ improvements by current owner over 3yrs. Oversized bedrooms, 5 fireplaces, Chef's Kitchen, Hand-carved Dining for 15, Arched beams, Coffered ceilings, Slate fireplace Wine Bar. Teak soaking tub & Heated Floor in Primary Bedroom Sanctuary. Vaulted upstairs hosts 2 more en-suite bedrooms, guest room, open sitting/sleeping loft, & 3rd full bath. Downstairs: A magic kingdom with bunkroom, theater, wet bar, video & skee ball arcade, & patio room with mini-golf. Outside: 8-person Bluetooth Spa, Full Outdoor Kitchen, & Live Edge Veranda Dining silhouettes Hawk's Nest & Grandfather. Mtns, overlooking the valley & rare-species Japanese Maples. Handcrafted firepit and pond anchor the 45' waterfall. 1/3-acre above the waterfall provides play area & picnic ground. Owner runs a boutique rental property care company & would continue if desired. Final 2 photos show Rental Performance details. Proof provided under contract.
| DAYS ON MARKET | 164 | LAST UPDATED | 8/4/2022 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 2001 |
| COMMUNITY | 5-Watauga, Shawneehaw | GARAGE SPACES | 1.0 |
| COUNTY | Watauga | STATUS | Sold |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Valle Crucis |
|---|---|
| High School | Watauga |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Convection Oven, Dishwasher, Double Oven, Dryer, Exhaust Fan, Freezer, Gas Cooktop, Gas Range, Microwave, Other, Refrigerator, See Remarks, Washer, Water Heater |
| AREA | 5-Watauga, Shawneehaw |
| BASEMENT | Finished, Full, Other, See Remarks, Yes |
| CONSTRUCTION | Cedar, Wood Frame |
| EXTERIOR | Fence, Fire Pit, Hot Tub/Spa, Outdoor Grill, Outdoor Kitchen, Paved Driveway, Storage |
| FIREPLACE | Yes |
| GARAGE | Basement, Carport, Driveway, Garage, One Car Garage, Paved, Private, Yes |
| HEAT | Ductless, Electric, Fireplace(s), Forced Air, Gas, Heat Pump, Propane, Wood, Zoned |
| INTERIOR | Home Theater, Jetted Tub, Tray Ceiling(s), Wet Bar |
| LOT | 1 acre(s) |
| LOT DESCRIPTION | Waterfall |
| SEWER | Private Sewer |
| STORIES | 3 |
| STYLE | Mountain |
| SUBDIVISION | None |
| TAXES | 2410.69 |
| UTILITIES | Cable Available,High Speed Internet Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s),Pasture,Trees/Woods,Southern Exposure |
| WATER | Private,Well |
| WATERFRONT DESCRIPTION | Creek,Stream |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Patti McCollum, Allen Tate Real Estate
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