You Can Buy Mountain Land For $2,500 Per Acre in Murphy, North Carolina!

By
Real Estate Agent with Country Homes and Land Murphy NC Realtor

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Eager buyers are snapping up large tracts of mountain land at bargain prices in Murphy, North Carolina and Cherokee County.  The downturn in the real estate market has created once-in-a-lifetime opportunities for savvy investors.

As I mentioned in my recent market report on 2010 land sales in the mountains, several parcels of land of 100 acres or more recently sold for $2,500 per acre.  Many smaller tracts of land are currently for sale for under $5,000 per acre, including one acre building lots with community water.

Lots with incredible mountain views that previously sold for $50,000 to $100,000 or more are on the market today for under $20,000

I sold a lot with a 3 state long range mountain view in Grand Vista Subdivision in 2006 for $130,000.  Last fall the lot across the road with a similar view sold as a foreclosure for $14,000.

 

Just this morning, one of our sellers reduced the price on this 40 acre parcel of land in the Peachtree community to $5,000 per acre. 

     This tract of land has both pasture and woods, with beautiful mountain views and numerous gentle building sites.

     Here's a view of the level pasture and the woods beyond.

 

 

 

 

 

This property is  on a paved road in a great location just 2 miles from Murphy Medical Center and Tri-County Community College.

With over 1,500 parcels of land for sale right now in Cherokee County, there is a huge selection in every price range. 

Whether you're looking for waterfront property, mountain view lots or a large tract of land for a family estate or future investment, there's never been a better time to find your dream getaway here in the mountains! 

 

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Looking for your dream getaway in the mountains of Murphy, North Carolina? Visit the Country Homes & Land website to see all the latest listings.

Enjoy a preview of our scenic mountains by viewing this youtube video "Murphy Mountain Nights."

Want to find out more about Murphy, North Carolina?  Subscribe to my blog

 

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Topic:
Real Estate Market Trends
Location:
North Carolina Cherokee County Murphy
Groups:
North Carolina Real Estate
Vacation and Second homes
North Carolina Mountains
Western North Carolina Mountain Region
HyperLocal Neighborhood and Community Posts
Tags:
mountain land for sale
murphy nc land for sale

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Rainmaker
842,517
Barbara Altieri
Kinard Realty Group - RealtyQuest Team, Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Kate -- Gosh, that's beautiful country.  What a fabulous bargain for the savvy buyer or investor!

Mar 10, 2011 10:20 AM #1
Rainmaker
146,032
Kate Wheeler
Country Homes and Land Murphy NC Realtor - Murphy, NC
CCIM - Murphy NC Real Estate for Sale

You're right, Barbara.  There are some incredible opportunities out there for buyers right now!

Mar 14, 2011 04:08 AM #2
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Kate  Your presentation of land for sale in Murphy is very professionally done highlighting specific tracts

Mar 24, 2011 02:03 AM #3
Rainmaker
1,036,503
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Kate - and NC mountain country is certainly very, very, very pretty country .....

Mar 24, 2011 04:29 PM #4
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Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Kate - it's truly amazing how low prices have dropped compared to a few years ago.  There truly are some great bargains here right now!

Mar 26, 2011 06:20 AM #5
Anonymous
Jakayla
My pborlem was a wall until I read this, then I smashed it.
Dec 15, 2011 03:23 AM #7
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Rainmaker
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Kate Wheeler

CCIM - Murphy NC Real Estate for Sale
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