For Sale $420,000
Escape to your ultimate mountain sanctuary at The Preserve at Elk Knob (TPEK)! Tucked away on Lady Slipper Trail, this pristine 2-bedroom, 1.5-bathroom cabin retreat sits on a beautiful 1.09-acre wooded lot (Lot 10). Best of all, the sale includes the adjacent, separate 1-acre Lot 11. Because a section of the protected community common area sits directly between the two lots, you have a permanent, natural buffer built right into the landscape that can never be subdivided or built upon. This multi-lot package provides a wonderful layout for a future family compound or a separate guest cabin on Lot 11, giving you excellent flexibility and your own personal green space. Built in 2017, the cabin seamlessly balances rustic mountain beauty with low-maintenance, high-quality engineering. The exterior is wrapped in premium, durable cement fiber siding and topped with a long-lasting metal roof, all anchored by a magnificent rock chimney. Inside, soaring natural pine ceilings and a bright, open-concept layout flow effortlessly out to an expansive deck - perfect for taking in the quiet wooded surroundings. The upper level features a fantastic, loft space that can comfortably sleep 4+ guests, making the home feel incredibly spacious. Engineered to last, the home boasts ultra-sturdy 6" stud wall construction and a full, unfinished basement—a clean slate ready for a workshop, gear storage, or future finished living space. Whether you are looking for a full-time residence or a premier mountain escape near Hot Springs, this property offers unmatched quality, compound flexibility, and world-class hiking right at your doorstep. Outdoor lovers will find this location unbeatable: you are just a short drive from Max Patch, one of the most iconic and breathtaking destinations on the Appalachian Trail, famed for its stunning 360-degree panoramic mountain views. Even better, you can lace up your boots and reach the Max Patch trail system directly from the TPEK property in less than a 1-hour hike! The community itself offers a sprawling, low-density feel, stretching across 83 majestic acres with only 23 private lots total. With 57 acres strictly dedicated to protected common areas, the neighborhood maintains a vast, quiet, and tranquil atmosphere where you can enjoy private access to pristine forests, rolling meadows, ponds, and community orchards. Schedule your tour today! Short-term rentals are not allowed.
Fire Pit
| List Price: | $420,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 777 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4391131 |
| Subdivision: | The Preserve at Elk Knob |
| Style: | Cabin |
| Bathrooms: | 2 |
| Lot Description: | Cleared, Private, Creek/Stream, Wooded |
| Year Built: | 2017 |
| Sewer Type: | Septic Installed |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 07-01-2026 | Listed | $420,000 | $541 |
| 01-31-2026 | Price Decrease | $519,500-1.89% | $669 |
| 01-24-2026 | Price Decrease | $529,500-0.38% | $682 |
| 01-02-2026 | Price Increase | $531,500+0.38% | $685 |
| 12-02-2025 | Price Increase | $529,500+0.19% | $682 |
| 11-19-2025 | Price Increase | $528,500+0.48% | $681 |
| 10-19-2025 | Price Increase | $526,000+0.38% | $677 |
| 08-30-2025 | Listed | $524,000 | $675 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Hot Springs Elementary School | 10 miles | KG-05 | 7 |
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.
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 |
| 85 Lady Slipper Trail, Hot Springs NC | 0 mi | $420,000 | days |
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 |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
|
Occupancy Types |
|
Transportation to Work |
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.
A Courtesy Listing Provided By Howard Hanna Beverly-Hanks Waynesville
85 Lady Slipper Trail, Hot Springs NC is a 777 ft2 on a 2.090 acres lot. This is for $420,000. This has 2 bedrooms, 2 baths, and was built in 2017.
Based on information submitted to the MLS GRID as of 2026-07-01 11:21:00 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.
Click here for more information
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.