Acreage at 467 Butler Farm Road, Mills River
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Barn - 467 Butler Farm Road, Mills River
Workshop - 467 Butler Farm Road, Mills River
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$2,400,000

467 Butler Farm Road
Mills River, NC 28759
Listed by Bill Roberts · GreyBeard Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

467 Butler Farm Road is 12 acres, surrounded on three sides by over 170 acres of State of North Carolina Horticulture land. It neighbors multiple Class A industrial properties with companies such as Gaia Herbs, Sierra Nevada Brewing, FedEx, and the Broadpointe Industrial Park. Located off of the I-26 Airport Road exit, the property is close to The Asheville Airport, and the busy commercial corridor of Airport Road lined with commercial retailers. Potential uses include Industrial and Multi-family development, homesite with income potential from existing properties, and a family compound. This is a great property with development potential. 12 acres with 3 houses, barn and workshop. Rolling pasture and amazing views. 2 pins totaling 12 acres House 1 - 3/BR 2 bath on partially finished basement additional bath House 2 - 2BR/1 bath on full unfinished basement House 3 - 3BR/1 bath on full finished basement w/additional BR and bath Structures are of value, in good condition, needing minor repair.

Property details

MLS
Canopy MLS
MLS #
CAR4301798
Property type
Acreage
Subdivision
N/A
Status
Active
Days on market
130
On market date
September 19, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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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
Glenn C Marlow Elementary
1.12 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
572
Student:teacher ratio
15.9:1
District
Henderson County Schools
Middle
Rugby Middle
4.89 mi away · Grades 6-8
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
784
Student:teacher ratio
14.5:1
District
Henderson County Schools
High
Henderson County Early College
11.05 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
204
Student:teacher ratio
34.0:1
District
Henderson County Schools

Walkability

Blended score for Mills River'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).

21
Car-dependent
out of 100
EPA National Walkability Index
4.3 / 20 -- Least walkable
Google Places amenity density
20 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools3
Transit stops0
Pharmacies0

Market position

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

On the market 130 days -- 15 more days than Mills River's current average of 115 days.
For reference, the median list price across 97 active listings in Mills River right now is $612,700.

Mortgage calculator

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

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Est. monthly payment
$14,603/mo
$480,000 down
$1,920,000 loan
Principal & interest$12,453
Property tax (est.)$2,000
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 20 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.