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Laurie Pratt

laurie@brysoncityrealtor.com +1(828) 735-2372

Listed by David Pinkerton Pinkerton & Co. Realty Group

$ 1,790,000

Est. payment -/mo

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Active

534 Preservation Trail Sylva, NC 28779

16 Beds

9 Baths

10,912 SqFt

UPDATED:

Key Details

Property Type Condo, Multi-Family

Sub Type Condo,Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,912 sqft

Price per Sqft $164

Subdivision Garnet Ridge Preservation

MLS Listing ID 26048541

Style Contemporary

Bedrooms 16

Full Baths 9

HOA Fees $1,920/qua

HOA Y/N Yes

Year Built 2007

Annual Tax Amount $10,894

Tax Year 10894

Lot Size 15.570 Acres

Lot Dimensions 678229.2

Property Sub-Type Condo,Multi Family

Property Description

Turn-Key 8-Unit Investment Opportunity on 15.57 Acres with Expansion Potential. Positioned within a quiet, well-maintained gated mountain community, this 15.57-acre property presents a unique opportunity to acquire an established 8-unit residential investment with additional value-add and development potential. The property consists of two separate four-unit condominium buildings, providing a total of eight spacious 2-bedroom, 2-bath units. Each residence features high ceilings, generous living spaces, a private deck, and beautiful short- and long-range mountain views. Upper-level residences are enhanced by dramatic cathedral ceilings, while the lower condominium building features private garage space designated for each residence. The property is turn-key and positioned for immediate operation, offering flexibility for short-term vacation rentals, long-term rentals, or a combination of rental strategies, subject to applicable restrictions and regulations. Its gated setting, peaceful atmosphere, mountain views, and private outdoor spaces create an attractive environment for both vacation and residential tenants. Beyond the existing eight units, the property offers additional upside. An existing building is already in place with the potential to be converted into an additional condominium or rental unit, creating an immediate value-add opportunity. With 15.57 acres in total and substantial acreage separating the existing improvements, there may also be potential for additional residential development and construction of future units, subject to zoning, infrastructure, permitting, community restrictions, and buyer due diligence. For an investor seeking a property that combines existing income-producing improvements, turn-key rental potential, multiple buildings, significant acreage, and a potential path for future expansion, this offering provides a compelling opportunity to acquire a scalable mountain rental asset in a private gated setting. Link to Youtube video: https://youtu.be/8iGzBXznAHw

Location

State NC

Area Savannah

Interior

Interior Features Cathedral/Vaulted Ceiling, Ceiling Fan(s), Primary w/Ensuite, Workshop

Heating Electric

Cooling Central Electric

Flooring Ceramic Tile, Luxury Vinyl Plank

Fireplaces Type Other

Fireplace Yes

Window Features Insulated Windows,Other Windows (See Remarks)

Appliance Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer

Exterior

Parking Features Garage-Single Detached, Other Garage-See Remarks

Community Features Gated

View Y/N true

View Long Range View, Mountain(s), Short Range View, View Year Round

Roof Type Composition,Fiberglass,Shingle

Garage Yes

Building

Sewer Septic Tank

Water Well, Private

Architectural Style Contemporary

Others

Acceptable Financing Cash, Conventional, USDA Loan, FHA

Listing Terms Cash, Conventional, USDA Loan, FHA

Laurie Pratt

Broker NC License 326933

+1(828) 735-2372

Laurie Pratt

534 Preservation Trail Sylva, NC 28779

Key Details

Location

Interior

Exterior

Building

Others

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534 Preservation Trail