Single Family Residence at 7324 &7320 Highway 294, Murphy, NC 28906
1 photo

$349,500

7324 &7320 Highway 294, Murphy, NC 28906
Murphy, NC 28906
Listed by Paul Northcutt · BIG Realty!
Bedrooms
3
Bathrooms
2
Living area
3,036 sqft
Year built
1984

About this home

Two homes on 2.90 acres along NC Hwy 294, offering a versatile multi-residence setup in the Shoal Creek community. The primary home is a 1,588 sq ft site-built residence with 3 bedrooms, 2 bath, central heat/air, multiple porches, and classic mountain character. The second dwelling is a 1,440 sq ft double-wide manufactured home featuring 3 bedrooms and 2 baths, updated interior finishes, and its own dedicated living space. Property includes usable land, outbuildings, and easy access to Murphy, Hiwassee Dam, and outdoor recreation. Ideal for multi-generational living, rental income, or a home plus guest house arrangement. Longtime owners left the home fully furnished, including numerous antiques and vintage pieces. Some personal property will remain and may require clearing by the buyer after closing. Priced $300K below market value for a quick sale -- excellent investment opportunity.

Highlights

Fireplace

Property details

MLS
Hive MLS
MLS #
100595592
Property type
Single Family Residence
Subdivision
Not In Subdivision
Status
Active
Days on market
67
On market date
August 12, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
4
Parking spaces
4
Lot size
2.9 acres
Loading map…

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
Hiwassee Dam Elementary/Middle
0.45 mi away · Grades -1-8
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
112
Student:teacher ratio
11.2:1
District
Cherokee County Schools
Middle
None found nearby
High
Hiwassee Dam High
0.5 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
148
Student:teacher ratio
10.6:1
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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

13
Very car-dependent
out of 100
EPA National Walkability Index
4.3 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

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

On the market 67 days -- 119 fewer days than Murphy's current average of 186 days.
For reference, the median list price across 572 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.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,255/mo
$69,900 down
$279,600 loan
Principal & interest$1,813
Property tax (est.)$291
Home insurance (est.)$150

Similar homes you might like

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.