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$5,500,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
See This Home
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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.

Full Property Details for 1194 Palmer Rd

General

  • Price: $5,500,000
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4393766
  • Updated: 6/24/2026
  • Added to Site: 23 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): Living Room, Wood Burning Stove, Living Room, Wood Burning Stove
  • Appliances: Other, None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Other Rooms

  • Laundry: Other - See Remarks

Parking

  • Parking Features: Circular Driveway, Driveway, Parking Space(s)

Location

  • County: Polk
  • Driving Directions: From Asheville, take I-26 East for 30 miles. Take Exit 67 for US-74 East toward Columbus/Shelby. Follow US-74 for 10 miles. Take Exit for NC-108 for Columbus - Tryon and turn left onto NC-108 East. Continue on NC-108 East for approximately 3 miles, then turn left onto Palmer Rd. Follow Palmer Rd to driveway for 1194 Palmer Rd. Look for real estate sign.

Heating & Cooling

  • Cooling Type: Heat Pump
  • Heating Type: Heat Pump

Utilities

  • Sewer: Septic Installed
  • Water: Well
  • Utility Description: Electricity Connected, Satellite Internet Available

Structural Information

  • Architectural Style: Cabin
  • Construction: Site Built
  • Exterior Const.: Hardboard Siding, Wood
  • Basement: Yes
  • Basement Desc.: Other
  • Roof: Metal
  • Main/1st Level: 1,036 Sq. Ft.
  • Year Built: 1998

Lot Features

  • Street/Road Desc.: Dirt, Gravel, Paved
  • Elevation (Approx.): 1000
  • Lot Features: Cleared, Creek Front, Flood Fringe Area, Green Area, Pasture, Private, Rolling Slope, Steep Slope, Creek/Stream, Wooded, Views, Waterfall, Waterfront, Wetlands

Horse Property

  • Horse Facility Desc.: Pasture

Water Features

  • Water Front Name: Creek

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: P29-19
  • Lot Number: 388-826

Listed by Keller Williams Professionals

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Listing agents

— 1194 Palmer Rd —

  • Keller Williams Professionals

  • Keller Williams Professionals

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1194 Palmer Rd

School District:Polk County Schools
NameGradesDistance
Sunny View Elementary School
86 Sunny View School Road, Mill Spring, NC 28756
PK-54.9 mi
Polk County Middle School
321 Wolverine Trail, Mill Spring, NC 28756
6-85.1 mi
Polk County High School
1681 North Carolina 108, Columbus, NC 28722
9-125.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1194 Palmer Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$5,500,000
-76.66%
MLS
8/03/2011
Sold
$23,563,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1194 Palmer Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,759
-3%
$549,187
24%
2024
$2,854
—
$444,019
—
2023
$2,854
3%
$444,019
—
2022
$2,765
—
$444,019
—
2021
$2,765
9%
$444,019
15%
2020
$2,533
—
$386,528
—
2019
$2,533
8%
$386,528
—
2018
$2,340
—
$386,528
5%
2017
$2,340
5%
$369,882
—
2016
$2,234
—
$369,882
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Professionals

1194 Palmer Road, Mill Spring, NC 28756 (MLS# 4393766) is a Single Family property with 2 bedrooms and 2 full bathrooms. 1194 Palmer Road is currently listed for $5,500,000 and was received on June 22, 2026. Want to learn more about 1194 Palmer Road? Do you have questions about finding other Single Family real estate for sale in Mill Spring? You can browse all Mill Spring real estate or contact a Coldwell Banker agent to request more information.

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