40 Chatuge Ln, Hayesville, NC 28904

$1,500,000
24
BA
8,721
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$1,500,000
List Price
$1,799,000
Status
CLOSED
MLS#
26041558
Bathrooms
24
Living Area
8,721
Parcel Size
5.39
Year Built
1993
Days on Market
325

Property Description

Unrestricted 5.39 Acres Overlooking Lake Chatuge – Income-Producing Gem! Endless potential and breathtaking views await! Perched above beautiful Lake Chatuge with stunning mountain vistas, this 5.39-acre unrestricted property offers lake access and a rare investment opportunity. Whether you're expanding a hospitality portfolio or launching your next venture, the options here are wide open.The property features a well-maintained 20-room motel, all recently renovated and tastefully decorated. Accommodations include:3 rooms with King beds 17 rooms with two Queen beds which 3 rooms are pet-friendly. with stylish luxury vinyl flooring. A spacious 1 bed / 1 bath apartment ideal for on-site management or additional rental income. Each room is thoughtfully appointed with updated bathrooms, new flooring, a desk, microwave, coffee maker, and sofa—perfect for a comfortable guest stay.But that's not all—two mobile homes on-site generate $1,600/month in rental income, and the expansive grounds offer plenty of space to add more tiny homes or mobile units for additional revenue streams. This is once in a life time opportunity in one of the most scenic locations in the region.

Additional Information

County
Clay
Area
Clay County
Flooring
Carpet, Tile, Vinyl
Heating
Heat Pump, Electric Baseboard, Wall Furnace
Cooling
Window/Wall, Ceiling Fan(s)
Roof
Composition, Shingle

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty of Franklin. 8285240100

Selling Office: Keller Williams Realty of Franklin.