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For sale
  • $1,790,000

    534 Preservation Trl, Sylva, NC 28779

    16beds
    10,912sqft
    : 
    $11,027/mo
    Get pre-qualified
    Residential, Condominium, Multi Family
    Built in 2007
    -- sqft lot
    $1,683,300 Zestimate®
    $164/sqft
    $640/mo HOA

    What's special

    Gated settingHigh ceilingsPrivate deckMultiple buildingsGenerous living spacesPrivate outdoor spaces
    Turn-Key 8-Unit Investment Opportunity on 15.57 Acres with Expansion Potential. Positioned within a quiet, well-maintained gated mountain community, this 15.57-acre property presents a unique opportunity to acquire an established 8-unit residential investment with additional value-add and development potential. The property consists of two separate four-unit condominium buildings, providing a total of eight spacious 2-bedroom, 2-bath units. Each residence features high ceilings, generous living spaces, a private deck, and beautiful short- and long-range mountain views. Upper-level residences are enhanced by dramatic cathedral ceilings, while the lower condominium building features private garage space designated for each residence. The property is turn-key and positioned for immediate operation, offering flexibility for short-term vacation rentals, long-term rentals, or a combination of rental strategies, subject to applicable restrictions and regulations. Its gated setting, peaceful atmosphere, mountain views, and private outdoor spaces create an attractive environment for both vacation and residential tenants. Beyond the existing eight units, the property offers additional upside. An existing building is already in place with the potential to be converted into an additional condominium or rental unit, creating an immediate value-add opportunity. With 15.57 acres in total and substantial acreage separating the existing improvements, there may also be potential for additional residential development and construction of future units, subject to zoning, infrastructure, permitting, community restrictions, and buyer due diligence. For an investor seeking a property that combines existing income-producing improvements, turn-key rental potential, multiple buildings, significant acreage, and a potential path for future expansion, this offering provides a compelling opportunity to acquire a scalable mountain rental asset in a private gated setting. Link to Youtube video: https://youtu.be/8iGzBXznAHw
    27 days
    236
    8

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    David Pinkerton,

    Pinkerton & Co. Realty Group

    Source: Carolina Smokies MLS,MLS#: 26048541

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 9
      • Full bathrooms: 9
      Primary bedroom
      • Level: First
      Bedroom 2
      • Level: First
      Bedroom 3
      • Level: Second
      Bedroom 4
      • Level: Second
      Heating
      • Electric
      Cooling
      • Central Electric
      Appliances
      • Included: Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer, Electric Water Heater
      Features
      • Cathedral/Vaulted Ceiling, Ceiling Fan(s), Primary w/Ensuite, Workshop
      • Flooring: Ceramic Tile, Luxury Vinyl Plank
      • Doors: Other Doors (See Remarks)
      • Windows: Insulated Windows, Other Windows (See Remarks)
      • Basement: Crawl Space
      • Attic: None
      • Has fireplace: Yes
      • Fireplace features: Other
      Interior area
      • Total structure area: 10,912
      • Total interior livable area: 10,912 sqft

      Property

      Parking
      • Parking features: Garage-Single Detached, Other Garage-See Remarks
      • Garage spaces: 1
      Features
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Long Range View, Short Range View, View Year Round
      Lot
      • Size: 15.57 Acres
      Details
      • Parcel number: 7527666665

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Residential, Condominium, Multi Family
      Materials
      • Composition Siding, Hardboard
      • Roof: Composition,Fiberglass,Shingle
      Condition
      • Year built: 2007

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well, Private

      Community & HOA

      Community
      • Subdivision: Garnet Ridge Preservation
      HOA
      • HOA fee: $1,920 quarterly
      Location
      • Region: Sylva

      Financial & listing details

      • Price per square foot: $164/sqft
      • Tax assessed value: $1,450,300
      • Annual tax amount: $10,894
      • Date on market: 9/19/2026
      • Listing terms: Cash,Conventional,USDA Loan,FHA
      • Road surface type: Paved, Gravel

        Estimated market value

        $1,683,300

        $1.60M - $1.77M

        $1,224/mo

        Price history

        DateEventPrice
        9/19/2026Listed for sale$1,790,000+177.2%$164/sqft
        Source: Carolina Smokies MLS #26048541 Report a problem
        3/7/2022Sold$645,751$59/sqft
        Source: Carolina Smokies MLS #26024503 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,996 +90.5%$1,450,300 +159.6%
        2024$2,623 +152.1%$558,640 +292.8%
        2023$1,040 $142,220
        2022$1,040 +15.6%$142,220 -37.8%
        2021$900 -52%$228,820 -43.6%
        2020$1,877 $405,400
        2019$1,877 $405,400
        2018$1,877 $405,400
        2017$1,877 +2.2%$405,400 -38.2%
        2015$1,836 $656,200
        Find assessor info on the county website

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Neighborhood: 28779

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