Set on 2.8 acres in the heart of Linville Falls, the historic Franklin-Penland House blends timeless mountain character with thoughtfully updated living spaces designed for modern comfort. With only six owners since 1883, this remarkable estate offers a rare opportunity to own one of the area's treasured legacy properties. Equally rich in history and design, both the main residence and guest cottage have been professionally curated and designed, creating spaces that honor the home's heritage while embracing refined mountain living. Thoughtful finishes, layered textures and carefully selected details enhance the character of each space while preserving the property's historic charm. The five-bedroom, 4.5-bath main residence is filled with warmth, character and inviting gathering spaces throughout. At the heart of the home is a beautifully appointed kitchen featuring custom cabinetry, a Wolf dual-fuel range, a wine refrigerator and a generous island designed for gathering with family and friends. A farmhouse sink overlooks the outdoor living spaces and gardens, bringing the beauty of the grounds indoors. The kitchen flows effortlessly into the home's living spaces, creating an ideal setting for entertaining, holidays and everyday mountain living. Designed for both comfort and flexibility, the home offers two primary suites, including one on the main level and a second upstairs. Two separate dens provide multiple areas for relaxation, while the formal dining room is suited for hosting memorable dinners and celebrations. Historic details, abundant natural light and professionally designed interiors combine to create a home that feels both sophisticated and welcoming. Outside, the grounds are nothing short of extraordinary. Mature gardens, winding paths and the Stumpery Garden create a private oasis filled with seasonal blooms, color and charm. Thoughtfully buffered landscaping provides exceptional privacy and serenity, creating a peaceful retreat that feels worlds away. A beautifully landscaped outdoor living area with a fire pit offers a place to gather beneath the stars and enjoy cool mountain evenings. Complementing the main residence is a charming, historic guest cottage, which served as the original 1907 Linville Falls Post Office. It is thoughtfully designed and beautifully appointed, offering a special retreat for visitors, extended family or potential rental use. A detached two-car garage with dedicated office space provides additional flexibility for remote work, creative pursuits or storage. The expansive acreage offers room to roam, garden, entertain and enjoy a lifestyle rarely found in today's market. Rich in history, elevated by exceptional design and thoughtfully updated for modern living, the Franklin-Penland House is a truly extraordinary High Country estate where heritage, beauty and functionality come together in one unforgettable property. The upstairs guest bedrooms are accessed by way of the main home's upstairs hallway, through the breezeway. Both bedrooms are located just off the porch/breezeway. Therefore, the 501 square feet could not be added to the total heated square footage of the home. Tax card square footage reflects the two upstairs bedrooms/501 square feet in the total heated square footage. Furnishings are not part of the sale but could be handled outside of the transaction. Please see the Franklin-Penland fact sheet for the history of the property and details of the extensive renovation.
For sale
$1,127,000
8646 NC Hwy 183, Newland, NC 28657
5beds
1,989sqft
Farm, Single Family Residence
Built in 1883
2.51 Acres Lot
$-- Zestimate®
$567/sqft
$-- HOA
What's special
Historic detailsAbundant natural lightMature gardensBeautifully appointed kitchenWolf dual-fuel rangeWine refrigeratorCustom cabinetry
- 148 days
- 276
- 42
Zillow last checked:
Listing updated:
Listed by:
Morgan Beck-Herdklotz (828)387-1897,
Premier Sotheby's International Realty- Banner Elk
Source: High Country AOR,MLS#: 262302
Originating MLS: High Country Association of Realtors Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Ductless, Forced Air, Propane, Other, See Remarks
Cooling
- 2 Units
Appliances
- Included: Dryer, Dishwasher, Gas Range, Microwave, Other, Refrigerator, See Remarks, Washer
Features
- Second Kitchen
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Other, See Remarks, Wood Burning
Interior area
- Total structure area: 1,989
- Total interior livable area: 1,989 sqft
- Finished area above ground: 1,989
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached, Garage, Two Car Garage, Gravel, Private
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Multiple
- Exterior features: Fire Pit, Storage, Gravel Driveway
- Has view: Yes
- View description: Mountain(s), Pasture
Lot
- Size: 2.51 Acres
Details
- Additional structures: Guest House, Living Quarters
- Parcel number: 1831140776
- Zoning description: Historic Registry
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Farmhouse
- Property subtype: Farm, Single Family Residence
Materials
- Wood Siding, Wood Frame
- Roof: Metal
Condition
- Year built: 1883
Utilities & green energy
- Electric: Generator
- Sewer: Septic Permit 5 or More Bedroom
- Water: Private, Well
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Newland
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $578,015
- Annual tax amount: $4,080
- Date on market: 5/29/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $1,127,000+110.7%$567/sqft |
Source: | ||
| 12/10/2020 | Sold | $535,000-2.6%$269/sqft |
Source: | ||
| 10/15/2020 | Pending sale | $549,000$276/sqft |
Source: Keller Williams High Country Realty #221890 Report a problem | ||
| 7/11/2020 | Price change | $549,000-2.8%$276/sqft |
Source: Keller Williams High Country Realty #221890 Report a problem | ||
| 5/18/2020 | Listed for sale | $565,000$284/sqft |
Source: Keller Williams High Country Realty #221890 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,080 -0.6% | $578,015 |
| 2024 | $4,105 | $578,015 |
| 2023 | $4,105 +76.6% | $578,015 +113.9% |
| 2022 | $2,325 +0.3% | $270,229 |
| 2021 | $2,319 +19.5% | $270,229 +20.1% |
| 2020 | $1,940 +730.5% | $225,053 |
| 2019 | $234 -83.7% | $225,053 +37.1% |
| 2018 | $1,434 +2.3% | $164,133 |
| 2017 | $1,403 | $164,133 |
| 2016 | $1,403 +0.2% | $164,133 |
| 2015 | $1,400 | $164,133 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28657
Nearby schools
Schools provided by the listing agent
- Elementary: Crossnore
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





