246 Fall Creek Meadows LN Elk Park, NC 28622
5 Beds
5 Baths
3,700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $148
Subdivision Fall Creek Meadows
MLS Listing ID 253475
Style A-Frame
Bedrooms 5
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 2,100
Year Built 2001
Annual Tax Amount $996
Lot Size 2.080 Acres
Acres 2.08
Property Sub-Type Single Family Residence
Property Description
Estate Sale: NC Mountains Cabin with Extra Lot (2 Lots total, Cabin lot and extra) - AS-IS for $549,900 Cabin and Lot Liquidation
Great Rental and Investment Opportunity! VRBO and Airbnb dream property, sleeps 20-30 people. This potential cash flow property has undergone extensive renovations, including:
New kitchen
New floors
Two new gas log fireplaces
New stain and stone exterior
New tongue and groove ceilings with lighting and fans
Updated bathrooms
New paint
New renovations have begun but are not completed. Come and finish the work to gain equity and enjoy the cash flow potential!
This property is priced for quick sale
Price: $549,900 AS-IS
Imagine owning a property that not only serves as a luxurious getaway but also generates a steady stream of income. Located in the breathtaking NC Mountains, this cabin sits on two beautiful lots, offering a serene escape while being minutes from top attractions like Banner Elk, the Blue Ridge Parkway, Beech Mountain Ski Resorts, and Grandfather Mountain.
The cabin's prime location makes it a sought-after destination for vacationers year-round. With rental rates ranging from $400 to $600 per night, this property has the potential to cash flow very well year after year. This is a fantastic investment opportunity, not just for the rental income but also for the potential appreciation in property value as you complete the remaining renovations.
Surrounded by nature and near activities like phenomenal rafting and trout fishing at Toe River and Elk River, and extensive hiking and hunting in Pisgah National Forest and Pisgah Game Lands, guests will be eager to book their stay. Proximity to charming towns like Boone, Blowing Rock, and the recreational facilities at Elk River Club adds to its allure.
The Estate is ready to convey
Location
State NC
County Avery
Area 8-Banner Elk
Interior
Interior Features Vaulted Ceiling(s)
Heating Other, See Remarks
Cooling Other, See Remarks
Fireplaces Type Gas
Fireplace Yes
Appliance Gas Cooktop
Laundry In Basement
Exterior
Exterior Feature Other, See Remarks
Parking Features No Garage
Utilities Available Septic Available
Water Access Desc Shared Well,Well
Roof Type Metal
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Septic Tank
Water Shared Well, Well
Architectural Style A-Frame
Level or Stories Two
Schools
Elementary Schools Freedom Trail
High Schools Avery County
Others
Tax ID 1930-00-10-3495-00000
Acceptable Financing Cash, New Loan, Owner May Carry
Listing Terms Cash, New Loan, Owner May Carry
