Perfectly set on nearly 350 acres of prime mountain land, Watermill Farm represents a rare opportunity to acquire a special large tract in the foothills of the Blue Ridge, just minutes from the neighboring Bright's Creek community and golf course. The namesake historical water wheel welcomes you into this exceptional property that features two 2-bedroom, 2-bath homes, buried power infrastructure, multiple pocket pastures, springs and creeks, abundant wildlife, and an existing network of well-maintained roads providing easy access throughout from the paved public road. The land offers a remarkable combination of privacy, usability, and development potential. Multiple broad knobs and ridge tops provide outstanding homesite opportunities, where selective clearing will reveal breathtaking long-range mountain vistas. Re-open extensive (but partially overgrown) pocket pastures to create an extraordinary equestrian property. Potential views of the Blue Ridge Escarpment are truly spectacular and could rival some of the finest in the region. The choice location is a short drove from the Green River, Lake Adger, Hendersonille, Tryon Int'l Equestrian Center, and more. Whether envisioned as a private mountain estate, family compound, recreational retreat, equestrian property, land investment, or future development opportunity, this unique offering combines natural beauty, existing infrastructure, and exceptional accessibility in one of Western North Carolina’s most desirable locations.
Single-familyProperty Type
1998Year Built
349.24 acresLot Size
$5,309Price/Sq.Ft.
Listed by Joe Scott• Keller Williams Professionals
Listed by Collin O'Berry• Keller Williams Professionals
Perfectly set on nearly 350 acres of prime mountain land, Watermill Farm represents a rare opportunity to acquire a special large tract in the foothills of the Blue Ridge, just minutes from the neighboring Bright's Creek community and golf course. The namesake historical water wheel welcomes you into this exceptional property that features two 2-bedroom, 2-bath homes, buried power infrastructure, multiple pocket pastures, springs and creeks, abundant wildlife, and an existing network of well-maintained roads providing easy access throughout from the paved public road. The land offers a remarkable combination of privacy, usability, and development potential. Multiple broad knobs and ridge tops provide outstanding homesite opportunities, where selective clearing will reveal breathtaking long-range mountain vistas. Re-open extensive (but partially overgrown) pocket pastures to create an extraordinary equestrian property. Potential views of the Blue Ridge Escarpment are truly spectacular and could rival some of the finest in the region. The choice location is a short drove from the Green River, Lake Adger, Hendersonille, Tryon Int'l Equestrian Center, and more. Whether envisioned as a private mountain estate, family compound, recreational retreat, equestrian property, land investment, or future development opportunity, this unique offering combines natural beauty, existing infrastructure, and exceptional accessibility in one of Western North Carolina’s most desirable locations.
CANOPYMLS as Distributed by MLS Grid #4393766
Jun 22, 2026
Listed
$5,500,000
$5,309/sq ft
Public Records
Aug 3, 2011
Sold
$23,563,500
$22,745/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,829 (−3.3%)
$185,764 + $363,423
$549,187
2024
$2,924
$168,388 + $275,631
$444,019
2023
$2,924 (+3.1%)
$168,388 + $275,631
$444,019
2022
$2,835
$168,388 + $275,631
$444,019
2021
$2,835 (+8.9%)
$168,388 + $275,631
$444,019
2020
$2,603
$141,395 + $245,133
$386,528
2019
$2,603 (+8.0%)
$141,395 + $245,133
$386,528
2018
$2,410
$141,395 + $245,133
$386,528
2017
$2,410 (−70.3%)
$141,395 + $245,133
$386,528
2015
$8,115
$150,065 + $219,817
$369,882
2014
$8,115
$1,201,935 + $219,817
$1,421,752
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
349.24 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Polk County
APN
P29-19
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 5, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Mill Spring, NC • 28756
Average low and high temperatures (°F)
48
29
57
36
70
44
76
52
77
57
86
65
90
71
83
67
79
62
72
51
64
44
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1194 Palmer Rd
$5,222,711
$277K under list price of $5.50M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $227K to $1.8M.