252 Spencer Street
Ellenboro, NC, 28040 $ 950,000
Bedrooms-- Baths6.0 Sq 5,002 Monthly Estimate*
$ 6,561
for $950,000 with 6 full baths. This 5,002 square foot building was built in 1900 on a lot size of 15.95.
RARE RETREAT & HOSPITALITY OPPORTUNITY | 16 ACRES | SIX CABINS | SECOND BROAD RIVER | WATERFALL VIEWS An exceptional Western North Carolina retreat and recreational property where historic character, water features, accommodations and gathering spaces come together. Situated on approximately 16 acres along the Second Broad River, this distinctive property includes an approximately 4,200-SF main residence, six insulated sleeper cabins, approximately 800-SF bathhouse, 20’ x 40’ heated saltwater pool, waterfall views and extensive outdoor recreational areas. The property provides an extraordinary environment for fishing, kayaking, swimming, hiking, exploring trails, enjoying the river and gathering with family, friends or groups. The combination of Second Broad River frontage, waterfall views, trails, pool, cabins and gathering areas creates a unique recreational setting with numerous possibilities for an experienced owner/operator. Approximately $500,000 in improvements have been made since 2025, including six cabins, bathhouse, electrical, plumbing, HVAC, foundation, septic, landscaping, fencing, security gate and pool improvements. Seller reports permits and inspections associated with numerous improvements. The property currently has an established retreat operation, with approximately 15 beds/10 rooms (6 bedrooms & 5 1/2 bath in the main home), six cabins and infrastructure designed to accommodate guests and gatherings. An established business entity and related operation may be available for transfer, subject to mutually acceptable terms. With its historic residence, Second Broad River setting, waterfall views, recreational amenities, extensive improvements and proximity to Forest City and regional Western North Carolina markets, this is a highly unusual opportunity for an experienced investor or operator. SEE AGENT REMARKS REGARDING THE RECORDED DEED RESTRICTION, INTENDED USE, TITLE, FINANCING AND BUYER DUE DILIGENCE.
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FeaturesGeneralSewer Septic Installed
Heating Central Natural Gas
Cooling Central Air
Utilities Natural Gas
Roof Architectural Shingle
Appliances Dishwasher Electric Oven Electric Range Microwave Refrigerator
Development Status Completed
Patio/Porch Features Covered Deck Enclosed Front Porch
Security Features Smoke Detector(s)
Construction Materials Wood
Year Built 1900
View Water
Property Subtype N/A
Parcel Number 1610936
Waterfront Features Other - See Remarks
County Rutherford
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Private Estate Recreational Residential
Building Features Receptions Room
Other Structures Other - See Remarks
Directions GPS works for the property
City Ellenboro
Body of Water Second Broad River
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N Y
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://listings.purehavenphotography.com/sites/252-spencer-st-ellenboro-nc-28040-29186017/branded https://listings.purehavenphotography.com/sites/252-spencer-st-ellenboro-nc-28040-29186017/branded
Standard Status Active
Construction Type Site Built
Restrictions Deed
Tax Assessed Value 405600
Listing Terms Cash Conventional
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InteriorFlooring Tile Wood
Basement (Y/N) N
Window Features Window Treatments
Below Grade Finished Area 0
Total Baths 6
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ExteriorParking Features Detached Carport Driveway
Lot Features Cleared Green Area Level Open Lot Private Waterfront Wooded
Water Source City
Inclusions Building Business Equipment Fixtures Inventory Land Other
Lot Size Area 15.95
Foundation Details Crawl Space
Number of Buildings 8
Building Area Total 5002
Road Surface Type Paved
Other Parking Multiple spaces
Road Responsibility Publicly Maintained Road
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,561
- 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 NearbyCommerical listings in Ellenboro, NC
Average List Price $709,500
Percent of Sale Price 25%
About Ellenboro, NC 896 Population
11% Since 2002
$ 28,093 Median Income
39.87 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/25/2026 | $950,000 | -4.52% | Price Down |
| 9/25/2026 | $995,000 | | Listed Price |