Undeveloped at Lot 28 Water Gauge Road, Franklin, NC 28734, Franklin
1 photo

$515,000

Lot 28 Water Gauge Road, Franklin, NC 28734
Franklin, NC 28734
Listed by David Ritz · ReMax Mountain Properties
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Discover your own private mountain escape with this exceptional Nantahala River waterfront property offering just under 7 acres in the gated Rainbow Springs Community near Franklin, NC. Enjoy a peaceful, secluded setting surrounded by the natural beauty of Western North Carolina, with access to both the Nantahala River and Nantahala Lake. Known for its outstanding trout fishing, the Nantahala River features Blue Ribbon trout waters and opportunities to catch native rainbow, brook, and brown trout. During the summer months, the property may also be accessible by small boat, adding to its unique appeal. Outdoor adventures abound nearby, including fishing, kayaking, boating, hiking, and exploring the scenic Nantahala National Forest. Whether you're dreaming of a private mountain retreat, a nature lover's getaway, or a special property for the avid angler, this remarkable riverfront acreage offers a rare opportunity to enjoy the beauty, recreation, and tranquility of the Nantahala region.

Highlights

Waterfront

Property details

MLS #
100607746
Property type
Undeveloped
Subdivision
Rainbow Springs
Status
Active
Days on market
6
On market date
October 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
6.9 acres
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
None found nearby
Middle
None found nearby
High
Macon Early College High School
14.11 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.1
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
129
Student:teacher ratio
32.3:1
District
Macon County Schools

Walkability

Blended score for Franklin'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.

16
Very car-dependent
out of 100
EPA National Walkability Index
3.2 / 20 -- Least walkable

Mortgage calculator

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Est. monthly payment
$3,251/mo
$103,000 down
$412,000 loan
Principal & interest$2,672
Property tax (est.)$429
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 6 days ago.

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.