$5,500,000

1194 Palmer Road, Mill Spring, NC 28756

  • 2 beds |
  • 2 baths |
  • 1,036 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1998
  • Property Lot Size Icon349.24acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $5,309/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

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 the tract 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. 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.

Listing Status:
Active
Data Last Updated:
June 24, 2026 at 5:16PM
Listing Office:
Keller Williams Professionals : 828-254-7253
MLS ID:
4393766
  • Appliances: OtherNone
  • Laundry: Other - See Remarks
  • Basement: Other
  • A/C: Heat Pump
  • Heating: Heat Pump
  • Fireplace: Living RoomWood Burning StoveFireplace
  • General: Shed(s)
  • Style: Cabin
  • Parking: Circular DrivewayDrivewayParking Space(s)
  • Roofing: Metal
  • General: Site BuiltBasement
  • Road/Access: DirtGravelPaved
  • Originating MLS: carolina
  • County: Polk
  • Zoning: OPENP29-19
  • Utilities: Electricity ConnectedSatellite Internet Available
  • Water: Well
  • Sewer: Septic Installed
  • Source: carolina
  • Exclusions: Appliances and HVAC in housethese belong to the caretaker

This listing courtesy of Keller Williams Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location