Unique opportunity to own a money-making rental complex in the Best location: 2 Fully Furnished Duplexes, totaling 6,400 sq ft with 4 units of 1,600 sq ft/ea. Designed for optimal comfort & revenue, the duplexes accommodate up to 24 guests with 8 bd, 8 ba, 4 kitchens, 4 fireplaces + 12 balconies. A centralized covered outdoor terrace with a grill and bar/lounge area provides a scenic mountain landscape. Ideal for family vacations & group events. Nantahala Village Resort offers an outdoor pool, basketball/tennis courts, game room, gym, horseback riding & hiking trails within Nantahala National Forest. Nestled in the Smoky Mountains, the property is near top outdoor adventure spots within a few min drive such as the NOC, Fontana Lake, Smoky Mountain Railroad, Cherokee & Harrah’s Casino. Whether you're an investor seeking a lucrative rental or a buyer looking for a dream home with passive income potential, this property offers a unique blend of comfort, convenience and profitability.
Multi-familyProperty Type
1988Year Built
0.55 acresLot Size
$183Price/Sq.Ft.
$375/moHOA Dues
Listed by Ginny Mosteller• Better Homes and Gardens Real Estate Heritage
View down payment assistance programs for this home
Open houses
No upcoming open houses.
Around this home
Schools
K - 12
Preschool & daycare
Swain County West Elementary
Public K-5 • Assigned • 4.3mi
5/10
Swain County Middle School
Public PreK-8 • Assigned • 7.6mi
4/10
Cherokee Extension High School
Public K-12 • Assigned • 7.8mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Market insights
55 57 Observation Point Dr · $1,170,000
LIST PRICE
$1,170,000
Median list price in this area is $598,000. (49% lower than this home)
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Open floorplan
Insulated windows
Sliding doors
Screen doors
Insulated doors
Bedrooms
Eight bedrooms total
Units include multiple 4-bedroom apartment(s)
Bathrooms
Eight full bathrooms
Kitchen
Electric oven
Electric range
Microwave
Refrigerator
Electric water heater
Laundry & utility
Common area laundry
Flooring
Wood flooring
Heating & cooling
Wall furnace heating
Ceiling fans
Wall unit cooling
Exterior features
Covered patio/porch
Deck
Rear porch
Terrace
Fire pit
Tennis court(s)
Pond(s)
Adjoins forest
Private setting with wooded views
Views
Horse amenities including barn, riding trail, and stable(s)
Home design
Residential income property
Duplex
Multiple units (4 units total; 8 completed units)
Two or more access exits
Parking
Driveway
Parking spaces
Security
Smoke detector(s)
Construction
Site-built construction
Wood construction materials
Metal roof
Crawl space and stone foundation
Elevation approximately 3000 ft
Gravel road access on a privately maintained road
Utilities
Community well water
Private sewer / shared septic
Cable connected
Electricity connected
HOA & community
HOA present; mandatory dues
Monthly association fee of $375
Association annual expenses listed
Community amenities: business center, clubhouse, fitness center, game court, outdoor pool, picnic area, playground, pond, recreation area, sport court, stable(s), street lights, tennis court(s), walking trails
Pets not allowed
Financial info
Owner pays all utilities for tenants
Tenants pay other charges as specified
Other
Deed restrictions apply
Electricity and solar
View estimated energy costs and solar savings for this home