200 Summit Lodge Road, NC 28604 — MLS photo

Active · SingleFamilyResidence

$1,850,000

200 Summit Lodge Road, NC 28604

Beds: 5
Baths: 5
Living area: 3,714 sq ft
$ / sq ft: $498/sq ft
Year built: 1997
Lot size: 219,107 sq ft
HOA fee: —
Annual tax: $2,410

About this property

TWO HOMES located on 5 Acres: The Best Long Range Views. The Main House, "SKYTOP CHALET" 4 Bedrooms and 3 &1/2 Baths. Guest House added in 2014, "SUMMIT CHALET", 1 Bedroom, 1 Bath for a Total of 5 Bedrooms and 4 1/2 Baths. The property is situated at approximately 5000' elevation. Homes are connected by a Sky Bridge (Walkway). Close to all the Beech Mountain Amenities, A little over one mile to the Ski Resort. A Sports Membership to The Beech Mountain Club is included with your purchase, which includes World Class Golf, Tennis, 24 Hour Health Club, A Fabulous Dining Room overlooking the Golf Course, Miles of Marked Hiking Trails, Two Trout Stocked Lakes, The homes are being conveyed fully furnished. Excellent Rental History, Please call for showing availability as the home is constantly rented through Blue Ridge Mountain Rentals www.BlueRidgeRentals.com - Name of the rental homes is "SKYTOP CHATEAU and "CHALET AT THE SUMMIT OF BEECH MOUNTAIN.

Property location

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200 Summit Lodge Road, NC 28604

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Facts & features

Interior

Bedrooms: 5
Bathrooms: 5
Living area: 3,714 sq ft
Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Wood
Appliances: Built In Oven, Dryer, Dishwasher, Electric Water Heater, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
Cooling: Ceiling Fans
Heating: Central, Gas, Wall Furnace
Interior features: Wet Bar, Bidet, Built In Features, Bedroom On Main Level, Breakfast Area, Bathtub, Closet Cabinetry, Dual Sinks, Family Dining Room, First Floor Entry, Fireplace, Jetted Tub, Living Dining Room, Main Level Primary, Vaulted Ceilings, Bar, Walk In Closets
Furnished: Furnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1997
Lot size: 219,107 sq ft
Roof: Shingle
Construction: Frame, Wood Siding
Exterior features: Barbecue, Deck, Security High Impact Doors, Lighting, Porch
Pool: None
Spa: Above Ground, Fiberglass, Heated, Community
View: Other

Parking

Garage spaces: 3
Covered spaces: 3
Parking features: Attached Carport, Attached, Circular Driveway, Driveway, Garage, Guest, Garage Door Opener

HOA, Community & Financials

Pets allowed: Dogs Ok, Yes
Annual tax: $2,410
Subdivision: BEECH MOUNTAIN
County: Other
Days on market: 248
MLS listing ID: A11816175
Listing status: Active

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Estimated monthly cash flow

$546

Cap rate: 6.0%
Net yield: 6.0%
Cash-on-cash return: 1.3%
Gross yield: 7.6%
Mortgage payment: $8,770/mo
Down payment: $462,500
Loan amount: $1,387,500
Annual NOI: $111,788

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.