$489,900
●
Land -
For Sale
1140 Hwy 9 Highway
Mill Spring, NC 28756
Studio
0 Bath
$2,514
Est. Monthly
$108
HOA / Fees
About This Property
Experience the ultimate in mountain living with this stunning
29-acre property nestled in North Carolina's picturesque landscape.
Enjoy breathtaking views of the majestic mountains from every
angle, complimented by an equestrian trail that winds along the
property, perfect for horse enthusiasts. But that's not all! This
exclusive offering includes a coveted deeded marina slip in the
serene water of Lake Adger, just a stone's throw away. Whether
you're an avid boater or simply appreciate the tranquility of
living near the lake, this property has it all. Conveniently
located near the renowned Tryon Equestrian Center and the pristine
shores of Lake Adger, this is your chance to own a piece of
paradise in one of North Carolina's most sought after areas. Don't
miss out on the unique opportunity to build your dream estate
amidst nature's splendor. Contact us today to schedule a viewing
and start envisioning the possibilites!
Unit Size
-
Days on Market
-
Land Size
29.69 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$108
Year Built
-
Listed By
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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: 5 months ago (CANOPYMLS #CAR4375287)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2026 | Listed by Jim Smith & Associates Inc | $489,900 | |
| Listed by Jim Smith & Associates Inc | |||
| Dec 2, 2025 | No longer available | - | |
| No longer available | |||
| May 22, 2025 | Listed by Jim Smith & Associates Inc | $499,000 | |
| Listed by Jim Smith & Associates Inc | |||
| | |||
|
Experience the ultimate in mountain living with this stunning 29-acre property nestled in North Carolina's picturesque landscape. Enjoy breathtaking views of the majestic mountains from every angle, complimented by an equestrian trail that winds along the property, perfect for horse enthusiasts. but that's not all! This exclusive offering includes a coveted deeded marina slip in the serene water, just a stone's throw away. Whether you're an avid boater or simply appreciate the tranquility of living near the lake, this property has it all. Conveniently located near the renowned Tryon Equestrian Center and the pristine shores of Lake Adger, this is your chance to own a piece of paradise in one of North Carolina's most sought after areas. Don't miss out on the unique opportunity to build your dream estate amidst nature's splendor. Contact us today to schedule a viewing and start envisioning the possibilites!
| |||
| Dec 22, 2024 | No longer available | - | |
| No longer available | |||
| Mar 12, 2024 | Listed by Jim Smith & Associates Inc | $552,900 | |
| Listed by Jim Smith & Associates Inc | |||
| | |||
|
Experience the ultimate in mountain living with this stunning 30-acre property nestled in North Carolina's picturesque landscape. Enjoy breathtaking views of the majestic mountains from every angle, complemented by an equestrian trail that winds along the property's border, perfect for horse enthusiasts.
But that's not all! This exclusive offering includes a coveted deeded marina slip in the serene waters of Lake Adger, just a stone's throw away. Whether you're an avid boater or simply appreciate the tranquility of living near the lake, this property has it all.
Conveniently located near the renowned Tryon Equestrian Center and the pristine shores of Lake Adger, this is your chance to own a piece of paradise in one of North Carolina's most sought after areas.
Don't miss put on this unique opportunity to build your dream estate amidst nature's splendor. Contact us today to schedule a viewing and start envisioning the possibilites!
| |||
Property Highlights
Exterior Details
Waterfront Features: Boat Slip (Deed)
Waterbody Name: Lake Adger
Lot Features: Cleared, Wooded, Hilly
Lot Size Area: 29.69
Lot Size Units: Acres
Lot Size Acres: 29.69
Lot Size Square Feet: 1293296.4
Water Source: Well
Financial Details
Tax Assessed Value: $110,250
Utilities Details
Sewer : Septic Needed
Location Details
HOA/Condo/Coop Amenities: Picnic Area, Trail(s)
HOA Fee: $1,300
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Polk
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Listed by: Rachel Smith, Jim Smith & Associates Inc
Last Updated: 5 months ago
Data Source: CANOPYMLS, MLS# CAR4375287
Last Updated: 5 months ago
Data Source: CANOPYMLS, MLS# CAR4375287
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.
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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