Mills River · Mills River, NC
154 High Pasture Trail
Mills River, NC · 1,595 sqft
$995,000
- 2Beds
- 2Baths
- 1,595SqFt
- 1997Year
- 2Days on market
About this home
Discover an extraordinary opportunity offering unmatched potential for residential subdivision, eventing, lifestyle or institutional mixed-use development. Acquire this 5.45 acre portion or the whole 40.69 acres to create a magnificent family retreat, mixed-use community or equine class estate! Located 5 mins from AVL Regional Airport, interstate access and within blocks of the new Publix shopping center (under const), the location affords easy access to Mills River retail and business services.
This property features a 1,595 SF dwelling with oversized detached garage resting atop a gorgeous mountain top setting overlooking lush rolling pastures and offers remarkable views of distant mountain ridges! Envision adaption of the residential structure as ancillary quarters to a much larger development concept or consider purchase of the "whole" to create an unprecedented, estate or institutional class property ideally suited for large estate plotting, a private family compound or multi-purpose retreat!
Subject to seller discretion with regard to the timing of a sale of any part of the larger whole, this property is offered individually or, collectively as part of the whole. Adjacent properties include a small warehouse structure and Morton Barn on 12.29 acs immediately north, lush rolling pastoral lands to the south and upscale single family homes to the west. Transformation of the adjacent warehouse structure into an event center, recreational space or institutional learning facility would be an ideal fit with the surrounding landscape (subject to buyer confirm of any contemplated land use in light of the Town of Mills Rivers' potential adoption of a UDO).
You be the visionary! Purchase and combine or re-purpose the entirety of land and improvements to achieve maximum utilization, enhance circulation and development flexibility! With multiple points of access, the property as a whole lays out well for a myriad of adaptive commercial, institutional or mixed use and offers a rare blend of scale, flexibility, and location! However you choose to utilize, expand, or reimagine this property, have confidence knowing a property of this caliber is rarely offered!
Property details
- Beds
- 2
- Baths
- 2
- SqFt
- 1,595
- Lot
- —
- Year built
- 1997
- Type
- Single Family
- Days on market
- 2
- Garage
- 1
- Style
- Ranch, Other
- Heating
- Ductless, Electric, Forced Air, Propane, Other - See Remarks
- Cooling
- Central Air, Ductless, Zoned
- Foundation
- Crawl Space
- Flooring
- Other - See Remarks
- View
- Long Range, Mountain(s), Year Round
Features
- Attic Stairs Pulldown
- Built-in Features
- Other - See Remarks
- Fence
- Storage
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$7,198/ month
- Principal & interest
- $6,162
- Property tax (~0.90%)
- $746
- Homeowners insurance
- $290
- HOA dues
- —
Down payment
$49,750 down · $945,250 financed
Income to qualify (28% rule)
~$308,519 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she 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.