1194 Palmer Road
Mill Spring, NC, 28756 $ 5,225,000
Bedrooms2 Baths2.0 Sq 1,036 Monthly Estimate*
$ 36,088
for $5,225,000 with 2 bedrooms and 2 full baths. This 1,036 square foot home was built in 1998 on a lot size of 349.24.
Perfectly set on nearly 350 acres of prime mountain land, Watermill 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.
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FeaturesGeneralLiving Area 1036
Sewer Septic Installed
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Satellite Internet Available
Roof Metal
Appliances Other None
Architectural Style Cabin
Construction Materials Hardboard Siding Wood
Exclusions Appliances and HVAC in house these belong to the caretaker
Year Built 1998
Levels One
Property Subtype Single Family Residence
Parcel Number P29-19
Elevation 1000
Waterfront Features None
County Polk
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N N
Other Structures Shed(s)
Full Baths 2
Directions From Asheville take I-26 East for 30 miles. Take Exit 67 for US-74 East toward Columbus/Shelby. Follow US-74 for 10 miles. Take Exit for NC-108 for Columbus - Tryon and turn left onto NC-108 East.
High School Unspecified
City Mill Spring
Body of Water Creek
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 549187
Listing Terms Cash Conventional
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InteriorBasement Other
Fireplace Features Living Room Wood Burning Stove
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1036
Half Baths 0
Laundry Features Other - See Remarks
Total Bedrooms 2
Below Grade Finished Area 0
Total Baths 2
SqFt Main 1036
SqFt Lower 0
SqFt Upper 0
Bedroom 2
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ExteriorParking Features Circular Driveway Driveway Parking Space(s)
Lot Features Cleared Creek Front Flood Fringe Area Green Area Pasture Private Rolling Slope Steep Slope Creek/Stream Wooded Views Waterfall Waterfront Wetlands
Water Source Well
Lot Size Area 349.24
Foundation Details Basement
Road Surface Type Dirt Gravel Paved
Road Responsibility Publicly Maintained Road Private Maintained Road
Horse Amenities Pasture
Main Level Garage YN N
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* Excluded FeaturesList ByKeller Williams ProfessionalsBroker
Affordability Calculator
- Monthly Principal & Interest
- $36,088
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Mill Spring, NC
Average List Price $1,176,042
Percent of Sale Price 77%
About Mill Spring, NC 4,707 Population
28% Since 2002
$ 48,458 Median Income
44.79 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/1/2026 | $5,225,000 | -5.00% | Price Down |
| 6/22/2026 | $5,500,000 | | Listed Price |