86 Sterling Drive
Mills River, NC, 28759 $ 279,000
Bedrooms6 Baths3.0 Sq 1,094 Monthly Estimate*
$ 1,927
for $279,000 with 6 bedrooms and 3 full baths. This 1,094 square foot home was built in 1965 on a lot size of 1.15.
BACK ON THE MARKET — $20,000 PRICE REDUCTION! Great news for buyers! The previous buyers changed their minds about the location, giving you another opportunity to purchase this rare, one-of-a-kind Mills River property. During their due diligence, both buyers and sellers gained valuable additional information about the property and its potential. NEW INFORMATION: Inspections confirmed two septic systems—one serving the main house and one serving the mobile homes. The existing concrete septic tanks are old and need to be replaced. Estimates for approximately $15,000 in replacement work are available. The new Trailer systems would be for a total of 4 bedrooms. The water well is working, although the supply line is currently broken. A video of the well is available. A home inspection report is also available, providing additional information about the condition of the main house, which is generally consistent with what can be seen during a visit. To help address the needed updates, the property is now offered with a $20,000 price reduction, making this an excellent opportunity for a buyer ready to renovate and bring their vision to life. 86 Sterling Drive offers an exceptional combination of location, usable land, multiple homesites, and potential. Whether you're looking for a primary residence, mountain retreat, family compound, or investment property, opportunities like this are increasingly difficult to find. The property features a single-level ranch home with 3 bedrooms, 1 full bath, and a covered front porch. The level lot overlooks neighboring pastures and offers potential for beautiful mountain views. Two additional homesites with older mobile homes add even more possibilities. Each has its own address, power service, while the mobile home sites share the water well and their own shared septic. Preliminary discussions with the Town of Mills River and Henderson County indicate that replacing the mobile homes with similar structures, such as off-site-on-frame tiny homes or log cabin cottages, may be possible, subject to buyer verification and all applicable approvals. The possibilities are exciting—create a multi-generational family compound, long-term rental portfolio, private retreat, or other investment opportunity. The location is outstanding, with convenient access to Asheville, Hendersonville, Brevard, Asheville Regional Airport, shopping, dining, breweries, and endless outdoor recreation, while still enjoying the peaceful setting of rural Mills River. This is an estate sale and the property is being sold As-Is. Buyers are encouraged to review the available inspection information and estimates and perform their own due diligence regarding all aspects of the property. Back on the market, $20,000 reduced, and now better understood. Bring your vision and take advantage of this rare opportunity in one of Mills River's most desirable locations!
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FeaturesGeneralLiving Area 1094
Sewer Septic Installed
Heating None
Cooling Window Unit(s)
Utilities Cable Available
Appliances None
Development Status Completed
Zoning MR-MU
Patio/Porch Features Covered
Construction Materials Brick Partial Other - See Remarks
Pets Allowed Yes
Year Built 1965
Stories Count 1
Property Subtype Portfolio
Parcel Number 801038
Elevation 1500
County Henderson
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Full Baths 3
Directions GPS works great!
High School West Henderson
City Mills River
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Elementary School Mills River
Middle/Junior High School West Henderson
Additional Parcels Y/N N
Virtual Tour https://youtu.be/6In-r1BG4Nc https://youtu.be/6In-r1BG4Nc
Standard Status Active
Construction Type Manufactured Site Built
Tax Assessed Value 137000
Listing Terms Cash
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ExteriorParking Features Driveway
Lot Features Cleared Level Views
Water Source Shared Well
Lot Size Area 1.15
Foundation Details Other - See Remarks
Building Area Total 1094
Road Surface Type Gravel
Other Parking Each structure has it's own parking areas.
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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InteriorBasement (Y/N) N
Fireplace Y/N N
Above Grade Finished Area 1094
Laundry Features In Unit
Total Bedrooms 6
Below Grade Finished Area 0
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* Excluded FeaturesList ByHome And Land For SaleBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,927
- 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 Mills River, NC
Average List Price $1,011,232
Percent of Sale Price 262%
About Mills River, NC 6,990 Population
27% Since 2002
$ 60,749 Median Income
48.33 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
2172263 Elementary School
5520748 Middle School
West Henderson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/15/2026 | $279,000 | -1.76% | Price Down |
| 10/5/2026 | $284,000 | -1.73% | Price Down |
| 9/30/2026 | $289,000 | -1.70% | Price Down |
| 9/21/2026 | $294,000 | -1.67% | Price Down |
| 9/1/2026 | $299,000 | -6.27% | Price Down |
| 8/6/2026 | $319,000 | -1.54% | Price Down |
| 7/30/2026 | $324,000 | -1.52% | Price Down |
| 7/17/2026 | $329,000 | | Listed Price |