$1,190,000
For Sale

8020 Meadow Fork Road

Hot Springs, NC 28743
6 beds | 5 baths | #4306581
Browse 47 photos
Type:Purchase
Structure:House
Zone:Residential

Description

BEST VALUE Homestead in WNC! Seriously. $1.4M BELOW Tax Value. Offering 184 fully surveyed acres plus two houses, greenhouse and large commercial grade multi-purpose building with pasture and creek frontage on Meadow Fork Creek. Ideal for retreat center, wellness center, spiritual retreat center, family compound, vacation rental or a recreational paradise. Property was operated successfully for 25+ years as a retreat center. Tax value is nearly $2.4 MILLION, but offered for less than half. Why? Seller sold this last year with owner financing and the buyer defaulted, so the seller took back title and says "Sell it!"
Main dwelling has septic permit for 3BR, but house designed and used for years as a 7 bedroom lodge sleeping up to 22 guests at a time with living on three levels and a huge wrap around deck overlooking acres of gently laying fields and pasture. Guest house is a 3BR/2BA manufactured home of excellent quality tucked up in the woods. Small creek flows along one side of the property and Meadow Fork Branch adjoins the property down by the road (no flooding on the property).
There's a 60' x 120' greenhouse frame complete with concrete walks inside, all equipment and starter tables, irrigation components, etc. There is a large fenced in animal corral area where seller once had goats and other livestock. The Multi-purpose building is a commercial grade building with huge clear span meeting area that can easily seat 100. Features a bunk room with several beds, laundry room, foyer, men's and women's restrooms with toilet stalls and shower stalls along with a large kitchen. There's even a Pioneer Princes wood cook stove. This alone retails today for around $4k! Built over a large crawl space full of equipment and supplies. All furnishings, bedding, decorations, appliances, etc. on the property at time of listing convey though some items in the photos (mainly the Guest Cottage) have been removed, but most are still in place. That is, this is a totally "Turn-Key", "Move In Ready" property! High speed internet is blazing fast fiber optic provided by French Broad Electric.
The wooded areas above the pasture and buildings is easily accessed via a well maintained and solidly built gravel drive that leads from the paved public road (Meadow Fork Road) to the very top of the property. There are multiple good laying building sites up there offering excellent views. Drive is shared with the seller who has retained his personal home off to one side up near the top.
CASH OFFERS ONLY and all prospects MUST show proof of funds prior to showing. This property is unique and will not qualify for any kind of conventional financing.

  • Interior Details
      • CoolingCentral Air, Window Unit(s), Other - See Remarks
      • Cooling FeaturesCentral Air, Window Unit(s), Other - See Remarks
    • Beds & Baths
      • Bedrooms6
      • Bathrooms5
      • Full Baths5
  • Property Details
      • Lot FeaturesAdjoins Forest, Cleared, Creek Front, Sloped, Creek/Stream, Views, Wooded, Other - See Remarks
      • Lot DescriptionAdjoins Forest, Cleared, Creek Front, Sloped, Creek/Stream, Views, Wooded, Other - See Remarks
      • Exterior MaterialsLivestock Run In, Other - See Remarks
      • ViewMountain(s)
      • Stories2
    • Parking
      • Parking FeaturesCircular Driveway, Parking Space(s)
      • Parking TypeDriveway
  • Construction Details
      • Property TypePurchase
      • Basement DescriptionFinished
      • Basement1
      • Basement Finished1
    • Condition
      • Year Built2000
    • Material information
      • RoofComposition
      • FoundationBasement
  • Utilities / Energy Details
      • AppliancesElectric Range, Microwave, Refrigerator, Other
      • Utility FeaturesCable Available, Fiber Optics
      • Sewer InformationSeptic Installed
      • Utility SourceWell
  • Community and Neighborhood Details
      • Elementary SchoolUnspecified
      • Middle SchoolUnspecified
      • High SchoolUnspecified
      • CountyMadison
      • ZoningR
  • Financial Details
      • Original List Price$1,190,000
      • Days on Market (Cumulative)120
  • Other
      • MLS #4306581

Location

Buck SchallReal Estate Group
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