1194 Palmer Road, Mill Spring NC
- 2 Bed
- 2 Bath
- 1036 ft2
- 349.2 ac
For Sale $5,500,000
Remarks:
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.
General Information:
| List Price: | $5,500,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1036 sqft |
| Parking: | Circular Driveway, Driveway, Parking Space(s) |
| MLS Number: | CAR4393766 |
| Subdivision: | None |
| Style: | Cabin |
| Bathrooms: | 2 |
| Lot Description: | Cleared, Creek Front, Flood Fringe Area, Green Area, Pasture, Private, Rolling Slope, Steep Slope, Creek/Stream, Wooded, Views, Waterfall, Waterfront, Wetlands |
| Year Built: | 1998 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-08-2026 | Listed | $5,500,000 | $5,309 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Lake Lure Classical Academy | 6 miles | KG-06 | 4 |
| Dana Elementary | 7 miles | KG-05 | 7 |
| Edneyville Elementary | 7 miles | KG-05 | 4 |
| Sugarloaf Elementary | 8 miles | KG-05 | 5 |
| Upward Elementary | 8 miles | KG-05 | 6 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1194 Palmer Road, Mill Spring NC | 0 mi | $5,500,000 | days | |
| 788 Deep Gap Farm Road, Mill Spring NC | 0.5 mi | $3,224,000 | days | |
| Deep Gap Farm Road, Mill Spring NC | 0.6 mi | $2,565,482 | days | |
| 25 Monteith Place, Mill Spring NC | 0.7 mi | $2,544,103 | days | |
| 535 Highland Road, Mill Spring NC | 0.7 mi | $669,000 | days | |
| 565 Chestertown Drive, Mill Spring NC | 0.8 mi | $1,850,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28756
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Keller Williams Professionals
1194 Palmer Road, Mill Spring NC is a 1036 ft2 on a 349.240 acres lot. This is for $5,500,000. This has 2 bedrooms, 2 baths, and was built in 1998.
Based on information submitted to the MLS GRID as of 2026-07-08 09:26:58 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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