INNOVATE Real Estate
Land at 2401 E US 64 Alt, Murphy, NC 28906
Land at 2401 E US 64 Alt, Murphy, NC 28906, photo 2 of 6
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Land at 2401 E US 64 Alt, Murphy, NC 28906, photo 6 of 6
6 photos

$5,382,000

2401 E US 64 Alt, Murphy, NC 28906
Murphy, NC 28906
Listed by Lawrence McNabb · McNabb Properties, Inc.
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Excellent investment opportunity. Property features 165 lots, substantial infrastructure, multiple creeks, huge views, gated entry, entry guard house, sales office and River access. Located 5 minutes from Downtown Murphy.

Highlights

Waterfront

Property details

MLS
Hive MLS
MLS #
98544252
Property type
Land
Subdivision
Fall Branch Estates
Status
Active
Days on market
159
On market date
May 11, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
714 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Murphy Elementary
2.29 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
422
Student:teacher ratio
11.1:1
District
Cherokee County Schools
Middle
Murphy Middle
1.78 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
306
Student:teacher ratio
15.3:1
District
Cherokee County Schools
High
Murphy High
1.84 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
442
Student:teacher ratio
12.6:1
District
Cherokee County Schools

Walkability

Blended score for Murphy's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

28
Car-dependent
out of 100
EPA National Walkability Index
5.5 / 20 -- Least walkable

Market position

How this listing compares to current activity in Murphy, from live MLS data.

On the market 159 days -- 21 fewer days than Murphy's current average of 180 days.
For reference, the median list price across 584 active listings in Murphy right now is $247,200.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$32,561/mo
$1,076,400 down
$4,305,600 loan
Principal & interest$27,926
Property tax (est.)$4,485
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.