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  • $1,000,000

    1568 Watermill Rd, Morganton, NC 28655

    3beds
    2,351sqft
    : 
    $6,149/mo
    Get pre-qualified
    Single Family Residence
    Built in 2020
    74.06 Acres Lot
    $972,500 Zestimate®
    $425/sqft
    $-- HOA

    What's special

    Long-range mountain viewsHot tubShiplap wallsLandscaped front natural areaStainless appliancesOpen layoutFire pit
    This 74.06-acre unrestricted property features long-range mountain views, Canoe Creek running the length of the property with several access points to the water, and approximately 2 miles of hiking and 4wheeler trails for enjoying your private mountain sanctuary. It includes a 2,351 sqft 3BR, 3BA 2story home built in 2020 along with multiple other potential build sites throughout, and an open, grassy field perfect for picnics, bonfires and recreation. The property sits across the street from the 652 acre Oak Hill Community Park and Forest which hosts over 20 miles(and growing) of mountain biking and hiking trails. Lake James and Lake James State Park are less than 15 mins away for water sports, hiking and more mountain biking for adrenaline enthusiasts. The towns of Old Fort, Black Mountain, Boone, Blowing Rock and Asheville are all less than an hour's drive from the property. Historic downtown Morganton which offers shopping several grocery stores, restaurants, breweries and wineries is just 10 minutes away by vehicle; Enjoy the Historic Morganton Festival in September, the TGIF series that runs from May through July and the Winter Carnival and Downtown Lighting to start the Christmas holidays; These 74 acres offer a blend of privacy, natural beauty and development potential while remaining pristine and with breathtaking views; This is the perfect setting for your own private estate, a family compound, a hunting property, an eco-tourism venture including camping and glamping, an AirBnB or as a legacy investment; Explore the remaining foundation of the old JD Pitts Dam and Mill site on the property in Canoe Creek where grain was milled using the dam, water wheel and grinding wheels; Game on the property include deer, turkey, rabbit, dove, and an occassional bear, and more; The custom-designed, like-new 2story home has a 1st floor bedroom and full bathroom, an open layout and 2 primary and secondary owner's suites; The entry room has 2 closets and a vaulted, shiplap ceiling; The kitchen has a wonderful view of the backyard landscaping and hill along with a large island and stainless appliances; The dining room has a comfortable window seat and a table made from local harvested wood; The living room has plenty of natural light coming in and a sliding glass door to the spacious, covered rear deck with its wood stove; The left side owner's suite has an office area and balcony, a loft area, the laundry and a full bathroom with a tiled and glass stall shower; The right side owner's suite with its own private access and stairway has a large walk-in closet / office and a full bathroom with a stall shower; Other desirable features include a 1st floor workstation, shiplap walls, wood laminate planking and ceramic tile flooring, a hot tub and 2 mini-split heat/air units with 5 trunk lines; The outdoor space includes a landscaped front natural area, a fire pit and backyard access to the trail system; The attached garage and attached storage area give you valuable storage area; The detached garage has electric, a concrete floor and a rear lean-to perfect for a tractor or side-by-side; The property was accepted in March 2026 to the NC Present-Use Value program which provides tax incentives to the property owner;
    18 days
    |
    1,964
    |
    148
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Bob Warchol Bobwarchol@kw.com,

    Keller Williams Unified

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4405514MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Upper
      Bedroom s
      • Level: Main
      Bathroom full
      • Level: Main
      Bathroom full
      • Level: Upper
      Bathroom full
      • Level: Upper
      Other
      • Level: Upper
      Kitchen
      • Level: Main
      Laundry
      • Level: Upper
      Living room
      • Level: Main
      Office
      • Level: Upper
      Heating
      • Ductless
      Cooling
      • Ceiling Fan(s), Ductless
      Appliances
      • Included: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
      • Laundry: Upper Level
      Features
      • Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
      • Flooring: Laminate, Tile
      • Doors: Insulated Door(s), Sliding Doors
      • Windows: Insulated Windows
      • Has basement: No
      Interior area
      • Total structure area: 2,351
      • Total interior livable area: 2,351 sqft
      • Finished area above ground: 2,351
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Attached Garage, Detached Garage, Garage on Main Level
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      • Details: Attached garage has 333 sqft; Detached garage has 360 sqft;
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Front Porch
      • Exterior features: Fire Pit
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Mountain(s), Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Other - See Remarks, Creek, Creek/Stream, Waterfront
      • Body of water: Creek
      Lot
      • Size: 74.06 Acres
      • Features: Flood Plain/Bottom Land, Hilly, Private, Sloped, Wooded
      Details
      • Parcel number: 63751
      • Zoning: R-3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Hardboard Siding
      • Foundation: Crawl Space
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2020

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Morganton

      Financial & listing details

      • Price per square foot: $425/sqft
      • Tax assessed value: $671,150
      • Annual tax amount: $4,354
      • Date on market: 7/22/2026
      • Cumulative days on market: 9 days
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Gravel, Paved

        Estimated market value

        $972,500

        $924,000 - $1.02M

        $2,352/mo

        Price history

        DateEventPrice
        8/9/2026Listed for sale$1,000,000$425/sqft
        Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem
        7/31/2026Pending sale$1,000,000$425/sqft
        Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem
        7/22/2026Listed for sale$1,000,000$425/sqft
        Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,354 -0.7%$671,150
        2024$4,383 $671,150
        2023$4,383 +40.5%$671,150 +73.5%
        2022$3,119 +2.7%$386,880
        2021$3,037 +109.6%$386,880 +109.6%
        2020$1,449 +519.4%$184,544
        2019$234 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28655

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Oak Hill
        • Middle: Table Rock
        • High: Freedom

        Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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