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534 Preservation Trl, Sylva, NC 28779

$1,790,000
  • 16

    bed

  • 9

    bath

  • 10,912

    Sqft ($164/Sqft)

House for sale 2 hours

About 534 Preservation Trl

Property type House
Neighborhood
Year built 2007
HOA fee $640/month
Lot size 15.57 Acre
Parking 1 garage spaces
Property description
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
Listed by
Listing Agent - David Pinkerton
Listing Agent Contact: 8286341368
Listing Office - Pinkerton & Co. Realty Group
Source: Carolina Smokies Association of REALTORS® mls logo
MLS#26048541 • last updated 58 minutes ago
Movoto checked Carolina Smokies Association of REALTORS® for data 18 minutes ago
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Overview
Cooling/AC Central Electric
Heating Electric
Levels/Style Condo, Multi Family, Contemporary
MLS # 26048541
Status Active
SubType Condominium, Multi Family, Residential
SqFt 10912
Lot Size (Sqft) 678229.2
Lot Size (Acres) 15.57
Property Tax 10894.21
Year Built 2007
HOA Fee Quarterly, 1920
Interior
Total # of Bathrooms 9
# of Full Baths 9
Total # of Bedrooms 16
Flooring Ceramic Tile, Luxury Vinyl Plank
Appliances Electric Water Heater, Dishwasher, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer
Interior Features Cathedral/Vaulted Ceiling, Ceiling Fan(s), Primary W/Ensuite, Workshop
Fireplace Other
Window Features Insulated Windows, Other Windows (See Remarks)
Exterior
Roof Composition, Fiberglass, Shingle
Construction Composition Siding, Hardboard
Parking Garage-Single Detached, Other Garage-See Remarks
Patio/Porch Deck
Amenities / Utilities
Water Source Well, Private
Location
View Long Range View, Mountain(s), Short Range View, View Year Round
Community Features Gated
Area Savannah
Subdivision Garnet Ridge Preservation
APN 7527666665
Directions HWY 441 To Pumpkintown Rd To Left On Garnet Rd. Once In The Subdivision, Stay Right Onto Garnet Rd. Then Right Onto Preservation Trl. Once You Come To The Road Split, Left Will Take You To Condo Set 2, And Right Will Take You To Condo Set 1 Vacant Land Runs In Between Condo Sets 1 And 2
Lot/ Land Details
Road Frontage Property Owners' Assoc
Road Surface Paved, Gravel
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