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Executive Summary

Discover an extraordinary ~41-acre mixed-use estate offering unmatched potential for residential, commercial, or lifestyle
development. This property combines natural beauty with strategic flexibility, making it ideal for investors, developers, or
those seeking a private, multi-purpose retreat. Set against a backdrop of pastoral landscape and scenic mountain vistas,
this estate provides significant open space for a wide range of possibilities—luxury residences, boutique commercial
spaces, an event venue, or a thoughtfully planned, well segmented mixed-use community! Fully fenced and rich in natural
beauty, this estate offers sweeping fields of lush pasture, breathtaking views, and multiple hilltop sites! Building
improvements include a 9,600 sf R&D warehouse equipped with hydronic slab heat, air conditioning / suspended heat, a
2,160 sf Morton barn, and 1,595 sf single-family residence with detached 1,555 sf oversized garage utilized as an auxiliary
living unit. Whether envisioned as a private compound, an income-generating development, or a legacy property, all
structures contributing significantly to the overall value of the estate. Transformation of the warehouse into an event
center, restaurant with dance hall, production/showroom, recreational space or dynamic learning facility would fit well
with the surrounding landscape (subject to buyer confirm of any contemplated land use in light of the Town of Mills Rivers'
potential adoption of a UDO) You be the visionary! Combine or re-segment the land to achieve maximum utilization,
enhance circulation and development flexibility! With multiple points of public and private access, western portions of the
property are well-positioned for large estate residential development while eastern portions lay out well for production or a
myriad of adaptive commercial reuse. Intuitively, the western ~23 acres borders the established Mill Ridge subdivision,
reinforcing its viability for residential expansion. Just minutes from the Asheville Regional Airport, blocks from the new
Publix shopping center, and 1/4 mile from Mills River retail and employment centers, this truly one-of-a-kind estate offers a
rare blend of scale, flexibility, and location! Whether you choose to utilize, expand, or reimagine this property, have
confidence knowing a property of this caliber is rarely offered!

Property Facts

Price $8,659,565 CAD
Price / SF $902.04 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,600 SF
Total Land Area 46.62 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
154 High Pasture Trl, Mills River, NC 28759 Industrial 9,600 SF 1997 -
285 Mount Gilead Church Rd, Mills River, NC 28759 Land 41.00 AC - -
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  • Listing ID: 40336593

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 154 High Pasture/285 Mt. Gilead Church, Mills River, NC

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