Skip to content
John KurtzNational Real Estate

View all 25 photos →

Mill Spring · Mill Spring, NC

1194 Palmer Road

Mill Spring, NC · 1,036 sqft

$5,500,000

  • 2Beds
  • 2Baths
  • 1,036SqFt
  • 1998Year
  • 1Days on market

About this home

Perfectly set on nearly 350 acres of prime mountain land, Water Wheel Farm represents a rare opportunity to acquire a special large tract in the foothills of the Blue Ridge, just minutes from the neighboring Bright's Creek community and golf course. The namesake historical water wheel welcomes you into this exceptional property that features two 2-bedroom, 2-bath homes, buried power infrastructure, multiple pocket pastures, springs and creeks, abundant wildlife, and an existing network of well-maintained roads providing easy access throughout from the paved public road. The land offers a remarkable combination of privacy, usability, and development potential. Multiple broad knobs and ridge tops provide outstanding homesite opportunities, where selective clearing will reveal breathtaking long-range mountain vistas. Re-open extensive (but partially overgrown) pocket pastures to create an extraordinary equestrian property. Potential views of the Blue Ridge Escarpment are truly spectacular and could rival some of the finest in the region. The choice location is a short drove from the Green River, Lake Adger, Hendersonille, Tryon Int'l Equestrian Center, and more. Whether envisioned as a private mountain estate, family compound, recreational retreat, equestrian property, land investment, or future development opportunity, this unique offering combines natural beauty, existing infrastructure, and exceptional accessibility in one of Western North Carolina’s most desirable locations.

Property details

Beds
2
Baths
2
SqFt
1,036
Lot
Year built
1998
Type
Single Family
Days on market
1
Style
Cabin
Heating
Heat Pump
Cooling
Heat Pump
Foundation
Basement

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$40,479/ month

Principal & interest
$34,063
Property tax (~1.05%)
$4,812
Homeowners insurance
$1,604
HOA dues

Down payment

$275,000 down · $5,225,000 financed

Income to qualify (28% rule)

~$1,734,846 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.