For sale

$1,299,000

Est. $7,570/mo —

•

952

sq ft

217 Flint Hill Rd, Alexander, NC 28701

About this home

Pegasus Hill Farm is a 25-acre equestrian estate. Discover Pegasus Hill Farm, an established 25-acre equestrian estate in the picturesque countryside of Alexander, just outside Asheville, N.C. Thoughtfully developed for professional and private equestrian pursuits, this distinctive property combines exceptional riding facilities, pastoral beauty and comfortable residential living. Completed in December 2017, the impressive equestrian barn offers approximately 18 stalls, a climate-conditioned office, tack room, feed room and laundry facilities, an interior horse wash stall with hot and cold water, and additional outdoor wash stalls. Storage and conditioned space is above the barn. Outstanding riding amenities include a spacious covered arena and a 200-by-120-foot lighted outdoor arena, both featuring premium GGT (German Geo Textile) footing and sprinkler systems for footing maintenance and dust control. A dedicated flat arena, fenced pastures, turnout paddocks and additional pasture suitable for riding further enhance the property's versatility. Currently accommodating horse boarding and riding lessons, Pegasus Hill Farm presents a compelling opportunity for equestrian professionals, trainers, and private horse enthusiasts or future home/estate development. Complementing the equestrian facilities is a charming single-level residence built in 2019, featuring two bedrooms, a den and one-and-a-half baths. Overlooking the equestrian grounds, the residence offers a wonderful connection to the beauty and daily activity of the farm. Whether continuing its established equestrian use or creating a private equestrian retreat, Pegasus Hill Farm offers a distinctive opportunity to embrace the equestrian lifestyle in Western North Carolina, convenient to Asheville and Tryon, N.C. Pisgah, Biltmore and more.

Single-familyProperty Type

2018Year Built

25.67 acresLot Size

$1,364Price/Sq.Ft.

Listed by Cheryl Cenderelli • Premier Sotheby’s International Realty

Contact: 828-768-4686

Listing updated: Oct 23, 2026 at 12:56pm

Redfin checked: a minute ago

•Source:CANOPYMLS as Distributed by MLS Grid #4432017

Payment calculator

$7,570 per month

Principal and interest$7,001

Property taxes

$353

HOA dues

Home insurance

$217

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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0.5 acre lot • Parking • Built 1955
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11 Whitt Rd, Weaverville, NC 28787
3.02 acre lot • 2 garage spots • Built 1937
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8 Dudes Way, Weaverville, NC 28787
0.67 acre lot • Built 1995 • Listed 4 days
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$579,000
4 beds3 baths2,700 sq ft
2 Ruffed Grouse Dr, Weaverville, NC 28787
1.5 acre lot • 2 garage spots • Built 2003
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$435,000
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OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
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441 Country Dr, Mars Hill, NC 28754
0.89 acre lot • 2 garage spots • Built 1986
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$400,000
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$639,900
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Around this home

Schools

K - 12
Preschool & daycare

North Buncombe Elementary

Public PreK-4 • Assigned • 3.1mi

8/10

North Buncombe Middle

Public 7-8 • Assigned • 3.8mi

9/10

North Buncombe High

Public PreK-12 • Assigned • 3.6mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

217 Flint Hill Rd · $1,299,000

Strong offer

$1.3M and above

75% chance or better to win

Why $1.3M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 85 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Bathroom

Bedrooms
2 bedrooms on the main floor

Bathrooms
1 full bathroom on the main floor
1 half bathroom on the main floor

Kitchen
Dishwasher, Electric Oven, Refrigerator

Laundry & utility
Utility room
Washer and dryer

Heating & cooling
Heat pump
Central air

Sale and tax history for 217 Flint Hill Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$4,232 (+4.5%)

$305,600 + $302,700

$608,300

2024

$4,050 (+2.0%)

$305,600 + $302,700

$608,300

2023

$3,969 (+5.0%)

$320,600 + $287,700

$608,300

2022

$3,779

$320,600 + $287,700

$608,300

2021

$3,779 (+6.3%)

$320,600 + $287,700

$608,300

2020

$3,556 (+21.9%)

$320,600 + $287,700

$608,300

2019

$2,918 (−0.6%)

$283,900 + $237,700

$521,600

2018

$2,936 (+5.9%)

$283,900 + $136,600

$420,500

2017

$2,771 (+96.0%)

$283,900 + $136,600

$420,500

2016

$1,414 (−2.2%)

$283,900 + $136,600

$420,500

2015

$1,446 (−39.0%)

$195,400

2014

$2,372

$215,600 + $112,100

$327,700

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

25.67 Acres

Year renovated

—

Finished Sq. Ft.

952

Unfinished Sq. Ft.

—

Total Sq. Ft.

952

Year built

2018

Style

Single Family Residential

County

Buncombe County

APN

972451557900000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 2026.

Open Use District

The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.

Permitted uses

Include but are not limited to:

Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.46% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 99° expected this year, 21 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Alexander, NC • 28701

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

95/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 28% for direct sun exposure in Alexander. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.8 hrs

7.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 217 Flint Hill Rd

$1,244,760

$54K under list price of $1.30M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $348K to $750K.

SOLD AUG 18, 2026
$683,000 Last sold price
1 bed1 bath1,292 sq ft
72 Ed Debruhl Rd, Alexander, NC 28701
$835/sq ft
smaller lot
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SOLD OCT 9, 2026
$505,000 Last sold price
3 beds2.5 baths1,825 sq ft
26 Macdougall Ln, Weaverville, NC 28787
$1087/sq ft
smaller lot
12 years older
SOLD OCT 29, 2026
$553,000 Last sold price
3 beds2 baths1,717 sq ft
10 Setter Ln, Weaverville, NC 28787
$1042/sq ft
smaller lot
8 years newer
SOLD JUN 3, 2026
$347,500 Last sold price
2 beds1 bath912 sq ft
85 Cody Embler Rd, Alexander, NC 28701
$983/sq ft
smaller lot
70 years older
SOLD OCT 6, 2026
$750,000 Last sold price
3 beds2.5 baths2,483 sq ft
6 Bungalow Way, Asheville, NC 28804
$1062/sq ft
smaller lot
7 years older
SOLD AUG 28, 2026
$405,000 Last sold price
3 beds2 baths1,333 sq ft
196 Tipton Hill Rd, Leicester, NC 28748
$1060/sq ft
smaller lot

Rental earnings

Est. $2,198 per month, based on comparable rentals

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Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 217 Flint Hill Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 217 Flint Hill Rd

Early Access listings

Nearby similar homes

New listings for sale in 28701

More real estate resources