$5,500,000

1194 Palmer Rd Mill Spring, NC 28756

Estimated payment $35,149/month

2 Beds
2 Baths
1,036 Sq Ft
$5,309 Price per Sq Ft

Highlights

  • Waterfall on Lot
  • 349.24 Acre Lot
  • Private Lot
  • Waterfront
  • Wood Burning Stove
  • Wetlands on Lot

About This Home

Perfectly set on nearly 350 acres of prime mountain land, Water Wheel 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.

Listing Agent

Joe Scott

Keller Williams Professionals Brokerage Email: josephscott@kw.com License #348645 Listed on: 06/22/2026

Keller Williams Professionals

Co-Listing Agent

Collin O'Berry

Keller Williams Professionals Brokerage Email: josephscott@kw.com License #274582

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 349.24 Acre Lot
  • Waterfront
  • Front Green Space
  • Private Lot
  • Steep Slope
  • Cleared Lot
  • Wooded Lot
  • Property is zoned OPEN

Parking

  • Circular Driveway

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding
  • Hardboard

Interior Spaces

  • 1,036 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Living Room with Fireplace
  • Basement

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access to stream, creek or river
  • Wetlands on Lot
  • Waterfall on Lot
  • Shed

Farming

  • Pasture

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number P29-19

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

349.24 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin
  • Year Built: 1998
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 5308.88
  • Geocode Confidence: High
  • Attribution Contact: josephscott@kw.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1036
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Other, None
  • Above Grade Finished Sq Ft: 1036
  • Has Basement: Other
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Wood Burning Stove
  • Living Area: 1036
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Pool Private: No
  • Water Body Name: Creek
  • Waterfront Features: None
  • Exclusions: Appliances and HVAC in house, these belong to the caretaker
  • Construction Type: Hardboard Siding, Wood
  • Other Structures: Shed(s)

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Circular Driveway, Driveway, Parking Space(s)

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Other - See Remarks
  • Cooling: Heat Pump
  • Utilities: Electricity Connected, Satellite Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Creek Front, Flood Fringe Area, Green Area, Pasture, Private, Rolling Slope, Steep Slope, Creek/Stream, Wooded, Views, Waterfall, Waterfront, Wetlands
  • Lot Size Units: Acres
  • Parcel Number: P29-19
  • Horse Amenities: Pasture
  • Lot Size Acres: 349.24
  • Additional Parcels: No
  • Zoning Specification: OPEN

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/22/2026 06/22/26 For Sale $5,500,000 -- $5,309 / Sq Ft
Source: Canopy MLS

Source: Canopy MLS

MLS Number: 4393766

Canopy MLS
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