Excellent investment rental portfolio opportunity consisting of 12 unique condominiums clustered in the Mill House Lodge Condominium complex. This property is located in the boutique mountain community of Flat Rock Village, NC. which is 3 miles from Main Street Hendersonville. Each unit has a unique floor plan and all but 2 have been updated with a curated fresh look, appliances, and come completely furnished. Can be used as long or short term rentals and HOA fees include all power, heat/ac, water, internet, cable, laundry, trash, common area maintenance and landscaping. Properties boast a low vacancy rate in a prime vacation rental area walkable to downtown Flat Rock, maximizing potential income. Units consist of eight large one bedrooms, one large two bedroom, one large three bedroom and two ample sized studios.
Property Details
Property Features
Property Information:
Year Built: 1920
Living Area: 9,355 SqFt
Listing Office:
Office Name: Keller Williams Realty Mountain Partners
Interior Features
Interior Information:
Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Oven, Refrigerator
Basement: Yes
Exterior Features
Exterior Information:
Waterfront: Boat Slip
View: Mountain(s), Water
Exterior: Lawn Maintenance, In Ground Pool, Tennis Court(s)
Directions: Follow N Church St and NC-225 S to W Blue Ridge Rd in Flat Rock. Turn left onto W Blue Ridge Rd by the Wrinkled Egg. Follow road for .3 of a mile.
Price Information
Listing Price Info
Price Summary:
List Price: $2,848,000
Price Per SqFt: $304/SqFt
HOA Fees:
Amount: $483
Frequency: Monthly
Tax Information:
Annual Amount: $5,416
Tax Year: 2019
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Flat Rock, NC.
This property is $2.2M more than the Median Sold Price and $44/SqFt more than other homes in Flat Rock, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #4159877
Listing Office:
Office Name: Keller Williams Realty Mountain Partners
Listings courtesy of Canopy MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$14.7K
Per Month
Principal & Interest
$14.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$483
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,605
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Hillandale Elementary School
40 Preston Ln
Distance between this listing and this school0.48 miles
Public District Grades PK-5
4
/10
Upward Elementary School
45 Education Dr
Distance between this listing and this school2.84 miles
Public District Grades PK-5
5
/10
Atkinson Elementary School
2510 Old Kanuga Rd
Distance between this listing and this school3.31 miles
Public District Grades KG-5
Nearby Schools
5
/10
Flat Rock Middle School
191 Preston Ln
Distance between this listing and this school0.34 miles
Public District Grades 6-8
6
/10
The Mountain Community School
613 Glover St
Distance between this listing and this school2.89 miles
Public Charter Grades KG-8
6
/10
Hendersonville Middle School
825 N Whitted St
Distance between this listing and this school4.03 miles
Public District Grades 6-8
Nearby Schools
4
/10
East Henderson High School
150 Eagle Pride Dr
Distance between this listing and this school1.88 miles
Public District Grades 9-12
9
/10
Henderson County Early College
300 E Campus Dr
Distance between this listing and this school2.55 miles
Public District Grades 9-12
2
/10
Henderson County Career Academy
300 E Campus Dr
Distance between this listing and this school2.55 miles
The neighbors living near this home have an average income of $55,567. Typical income of Flat Rock, NC residents is between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1150 W Blue Ridge Rd
What is the listing price of this property?
The listing price of 1150 W Blue Ridge Rd property is $2,848,000.
What type of property is this?
The property 1150 W Blue Ridge Rd is a house located in Flat Rock, North Carolina, 28731.
Is this property for sale now?
Active Listing: 1150 W Blue Ridge Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $5,416 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 15, 2018 for $1,575,000. (source: MLS/tax record).
What is the square footage of this property?
The property 1150 W Blue Ridge Rd is 9,355 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1150 W Blue Ridge Rd is 1920.
Interested in 1150 W Blue Ridge Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1150 W Blue Ridge Rd in Flat Rock, NC and zip code 28731. This 9,355 square foot home was built in 1920. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $2,848,000.
In October 2024 more than 1 listings in Flat Rock, NC were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 6 were sold below. In October 2024 in Flat Rock, NC there were 1.4% less homes for sale than in September 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $579,000.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
PGA/LPGA
PGA/LPGA
Figure Skating
Soccer
Stein Mart
Old Navy
Dick's Sporting Goods
Bob Evans
Jimmy Johns
Arbys
Lincoln
Buick
GMC
News/Talk/Information
Adult Standards
New Country