8020 Meadow Fork Road, Hot Springs, NC 28743

$1,190,000
  • 8020 Meadow Fork Road, Hot Springs, NC 28743 Main Photo

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Active Under Contract
BEDS6 BATHS5 full SQUARE FEET3,865 MLS#4306581
STATUSActive Under Contract PROPERTY TYPEResidential - Single Family

Property 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.

8020 Meadow Fork Road | MLS# 4306581

This single family home located at 8020 Meadow Fork Road, Hot Springs, NC 28743 is currently listed for sale with an asking price of $1,190,000. This property was built in 2000 and has 6 bedrooms and 5 full baths with 3865 sq. ft. Search Hot Springs real estate on jenniferf.lakenormanrealty.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished
Heating: Central, Electric, Propane, Wall Furnace
Home Style: Cabin
Lot Size: 184.00 Acres
Roof Type: Composition
Year Built: 2000

Amenities

Livestock Run In
Other - See Remarks

Feature Descriptions

Appliances: Electric Range, Microwave, Refrigerator, Other
Body of Water: Creek
Days on Site: 181
Exterior: Log
Fireplace: Propane
Flooring: Wood, Other - See Remarks
Foundation: Basement
Laundry: Mud Room, Other - See Remarks
Lot: Adjoins Forest, Cleared, Creek Front, Sloped, Creek/Stream, Views, Wooded, Other - See Remarks
Other Structures: Greenhouse, Other - See Remarks
Parcel#: 8735-47-9029
Parking: Circular Driveway, Parking Space(s)
Patio/Porch: Covered, Deck
Sewer: Septic Installed
Special View Info: Mountain(s)
Utilities: Cable Available, Fiber Optics
Water: Well

Local Schools

High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified

Listed By / Shown By

Listed By

Agency Name: Retreat Realty, Ltd.
Agency Contact: john@retreatrealty.net

Shown By

Agent Name: Jennifer Fragomeno
Agent Phone: Cell: (828) 812-7222
Agency Title: Lake Norman Realty

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Estimated Payment

$ 6,680.76 per month $6,333.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $347.08 Homeowner's Insurance

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