Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 12 Lake Vista Circle Topton, NC 28781

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Lot - NANTAHALA, NC

    Lot size:
    0.85 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 28 at 7:06 pm

    Property Features for Lot 12 Lake Vista Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Deed Restricted
    Standard status
    Active
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0
    Expense value
    695
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Solesbee

    Listing agent Jennifer Solesbee

    Listing office Nantahala Real Estate 17838 Wayah Road, Topton, NC

    Listing date Mar 9, 2026

    MLS# 157748 Listing URL

    Copyright © 2026 Mountain Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake & Mountain View Lot

    This 0.85-acre lot offers stunning lake and mountain views and borders US Forest Service land. Located in an established subdivision with water hook up available, this homesite is ideal for a full-time residence, a private vacation cabin or vacation rental. The property is situated in the Nantahala Area of Western North Carolina, known for cooler elevations, incredible scenery, and abundant wildlife. Outdoor enthusiasts will appreciate the location, which is minutes from the Appalachian Trail and the Nantahala Gorge, famous for whitewater rafting, kayaking, hiking, and fishing. Convenient lake access is available at the Rocky Branch Boat Ramp for boating, swimming, and paddling on Lake Nantahala. The property is deed restricted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Real Estate Agency Hotel & Motel Restaurant Bed & Breakfast Parking Lot & Garage Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topton
    County
    Cherokee
    State
    North Carolina
    Longitude
    -83.646915
    Latitude
    35.187475

    Nearby Similar for Sale

    • $115,000
      960 SF

      Commercial Building on Highway 19/74

      Income-producing commercial building with road frontage on 1.62 acres.
      23979 US Hwy 19, TOPTON, NC 28781
      View Details
    • $549,000

      Lake Nantahala Waterfront Lot

      Gated community lakefront lot with sweeping views and vacation rental potential.
      Lot# 28 Lakeshore Drive, NANTAHALA, NC 28781
      View Details
    • $2,247,000

      Lakefront Acreage in Nantahala, NC

      10.5 acres of lakefront property with mountain views.
      42 Reflection Drive, NANTAHALA, NC 28781
      View Details
    • $485,440

      Topton, NC Land For Sale

      60.68 acre mountain property with views and development potential.
      Camp Branch Rd, Topton, NC 28781
      View Details
    • $45,000

      Unrestricted Mountain Land in Topton

      5.53 acres of unrestricted mountain land with paved access.
      Camp Branch, Topton, NC 28781
      View Details
    • $38,000

      Nantahala Mountain Land For Sale

      2.05-acre lot in Nantahala, near Lake Nantahala.
      Lot 18 Black Bear Trail, NANTAHALA, NC 28781
      View Details
    • $30,000

      Land with Creek in Nantahala

      1.36-acre lot with creek, near Lake Nantahala.
      Lot 17 Black Bear Trail, NANTAHALA, NC 28781
      View Details
    • $25,000

      Land with Mountain Views

      Land near Nantahala Gorge, ideal for building a mountain home.
      Stillwind Dr lot: 16, Topton, NC 28781
      View Details
    • $728,000

      Lakefront Lot in Nantahala Highlands

      Premier lakefront lot with private dock and mountain views.
      Lot#26 Lakeshore Drive, NANTAHALA, NC 28781
      View Details
    • $39,000

      Nantahala Mountain View Homesite

      2.54-acre lot with mountain views near Lake Nantahala.
      Lot 19 Preserve Valley Road, NANTAHALA, NC 28781
      View Details
    • $24,999

      Land in Nantahala Area

      Pristine 1.08+/- acre land parcel near Nantahala Lake.
      Mt Tabor Road lot: 5, Topton, NC 28781
      View Details
    • $55,000

      Lake-View Lot Near Boat Access

      Expansive lot with views of Lake Nantahala and surrounding forest.
      Lot# 38 Nantahala Shores Road, NANTAHALA, NC 28781
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lake and mountain view lot bordering US Forest Service land.
    Where is this residential land & home lot located?
    The property is located at Lot 12 Lake Vista Circle Topton, NC.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Stunning lake & mountain views bordering US Forest Service Land.; Lake Nantahala access: pristine lake for boating, swimming and paddling; convenient to Rocky Branch Boat Ramp.; Ideal location: minutes from Appalachian Trail and Nantahala Gorge.
    (828) 321-3101
    We can help!
    Listing Contact
    Jennifer Solesbee
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!