Introducing RafaRanch, a serene sanctuary for farming, livestock,
hunting, and outdoor recreation. A rare opportunity to acquire one
of Clay County's largest land holdings, comprising 349 acres of
unrestricted land (seller willing to subdivide - up to 6 tracts
available). The property features a perfect mix of pasture, woods,
and creek frontage, spanning over the Davy Mountain range.
RafaRanch includes a main residence with 3 bedrooms/3.5 baths, as
well as a guest residence consisting of two studio apartments, each
with 1 bedroom/1 bath and private entries. The Gathering Place, the
ranch's newest improvement, was created for entertaining or
additional living quarters featuring a 16 ft deck, large kitchen,
pool table, dining area, bedroom, full bath with laundry and an
office space. The Operations Area includes a barn, equipment
barn, covered hay storage, two greenhouses, a large
garage/workshop, along with 85 acres of pasture with waterers and
fencing. The ranch also features a skeet shooting and gun range, a
pond, and 3,500 feet of frontage on Crawford Creek, 4+ natural
springs, all secured by a gated entrance. The property is being
sold fully furnished, including equipment and Airstream RVs. A
detailed features sheet is available upon request. The owners have
dedicated significant effort and thought into the continual
improvement of the ranch. This unique blend of rural privacy and
proximity to essential services is found near Hayesville, Murphy,
Hiawassee, and Blairsville. Approximately 2.5 hours to Atlanta or
Asheville airports.
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.
Whether you're looking for a large residential acreage tract to develop or simply want room for privacy and space, this could be the one for you. This 349+ acre tract offers both pasture and wooded areas, long range views of the mountains, a pond, branch, garden space and more. The 3BR/3.5BA main house is perfect for a gathering space after a day of enjoying the mountains. There's also a guest house currently being used as an AIRBNB rental. Additional features include a barn, workshop, fencing and even caretaker housing. Lots of hiking/biking trails traverse the property. The possibilities are endless!! Call today. The manager has listed the unit size as 19998 square feet.
Jun 9, 2021
Price Decreased
$2,999,000
↓ $151K
(4.8%)
Price Decreased
Jan 26, 2021
Listed
$3,150,000
Listed
If you love to live off the land, swim in a spring feed pond; hike up to a secluded mountain view;& ride horses,this 350 acre farm has it all. Located in the NC Smoky mountains centrally located to 6 major airports.120 acres of fenced pasture & tillable bottom land;4,000 feet frontage on Crawford creek; 8 fenced in pastures w/ water feeders; spring feed pond; 230 acres of mountain forest w/miles of trails for horseback riding, atv's & hiking. The forest has large Oaks, Poplar & Pines with mountain streams leading up to mountain peak that has 360 long range mountain views.3500d sq ft duplex timber frame house; duplex cottage; large old barn; 6,000 sq ft building/shop & care taker apartment
Interior Features: Beamed Ceilings, Bookcases, Central Vacuum, High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Split Foyer, Tile Bath, Two Story Foyer
Appliances: Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Washer, Oven/Range (Combo)
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