1194 Palmer Road, Mill Spring, NC
$5,225,000 · 2 bedrooms · 2 baths · 1,036 sq ft · built 1998
Listing courtesy of Keller Williams Professionals (Joe Scott). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Perfectly set on nearly 350 acres of prime mountain land, Watermill 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.
Price in context
- Asking $5,043 per square foot.
- That is 810% above the $554 median across 26 active $1.5M+ homes in Mill Spring.
- Highest asking price of 26 active $1.5M+ homes in Mill Spring.
- 23rd largest by living area of the 23 with a recorded size.
- Reduced $275,000 (5.0%) from the original $5,500,000 asking price.
- 94 days on the market, listed 2026-06-22.
- County tax assessment $549,187; the asking price is 9.51× the assessed value.
Location
Neighborhood: None, Polk County, ZIP 28756.
Features
- Style
- Cabin
- Levels
- One
- Construction
- Hardboard Siding, Wood
- Roof
- Metal
- Bathrooms
- 2 full
- Basement
- Other
- Fireplace
- Yes
- Kitchen & appliances
- Other, None
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Parking
- Circular Driveway, Driveway, Parking Space(s)
- Waterfront
- None
- Lot
- Cleared, Creek Front, Flood Fringe Area, Green Area, Pasture, Private, Rolling Slope, Steep Slope, Creek/Stream, Wooded, Views, Waterfall, Waterfront, Wetlands
- County
- Polk
Comparable homes on the market
- 1194 Palmer Road, Mill Spring — $5,225,000, 0.2 mi away
- 788 E Deep Gap Farm Road, Mill Spring — $3,224,000, 4 bd, 3,224 sq ft, 0.5 mi away
- Lot 30 Deep Gap Farm Road E, Mill Spring — $2,565,482, 4 bd, 3,421 sq ft, 0.6 mi away
- 815 E Deep Gap Farm Road #35, Mill Spring — $1,800,000, 4 bd, 3,608 sq ft, 0.7 mi away
- 565 Chestertown Drive, Mill Spring — $1,850,000, 5 bd, 4,724 sq ft, 0.8 mi away
- 723 N Highland Road, Mill Spring — $1,475,000, 4 bd, 1,956 sq ft, 0.8 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.