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48 photos

$22,000,000

Murphy, NC 28906
Listed by Greg Palombi · Dewey Property Advisors
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Discover an extraordinary legacy property offering 1,429 acres of pristine natural beauty, including the breathtaking backdrop of Shoal Creek Falls. This remarkable estate boasts 1.8 miles of picturesque shoreline along the enchanting Lake Apalachia, sharing its frontage with the Nantahala National Forest and conveniently located minutes to the charming town of Murphy and two hours or less to Asheville, Atlanta, Chattanooga, and Knoxville. Twelve miles of well-maintained gravel roads and underground electrical utilities lead to building sites overlooking serene Lake Apalachia, with its world-class trout fishing, tranquil atmosphere, and minimal recreational boat use due to its remote access points. This property offers abundant opportunities for development–explore the scenic roads and witness the potential of these prime building locations; whether it’s a nature preserve wellness retreat or a legacy tract for future generations, the options are infinite. There are no restrictions or conservation easements in place, offering potential tax benefits for conservation-minded buyers. Enjoy close proximity to the airport with a 5,500 foot runway that will accommodate private jets.••Highlights•• 1,429 acres•Expansive and private retreat•Shoal Creek Falls adds a stunning scenic backdrop•1.8 miles of Lake Apalachia shoreline (and world-class trout fishing)•Secluded location within the Nantahala National Forest•Minutes to the charming town of Murphy, NC•Two-hour drive or less to Asheville, Atlanta, Chattanooga, and Knoxville•Well-maintained infrastructure accessible via 12 miles of well-maintained gravel roads•Underground electrical utilities in place•Prime building sites (multiple sites overlooking Lake Apalachia)•Recreational opportunities, such as hiking, biking, hunting, and fishing•Development potential as possible wellness retreat, legacy tract for future generations, or thoughtfully planned community•No restrictions or conservation easements in place•Tax benefits for conservation-minded buyers•Includes 3,000 square foot modern residence, charming barn, and smaller outbuildings•Close proximity to Western Carolina Regional Airport in Andrews, NC, with a 5,500-foot runway to accommodate private jets

Property details

MLS #
CAR4359344
Property type
Acreage
Subdivision
N/A
Status
Active
Days on market
12
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claxton Elementary
0.82 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
390
Student:teacher ratio
13.4:1
District
Asheville City Schools
Middle
Asheville Middle
1.09 mi away · Grades 6-8
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
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
1.74 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
1,135
Student:teacher ratio
13.2:1
District
Asheville City Schools

Mortgage calculator

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Est. monthly payment
$132,637/mo
$4,400,000 down
$17,600,000 loan
Principal & interest$114,153
Property tax (est.)$18,333
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated April 28, 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.