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    8 Acres Old Murphy Rd Cherokee, NC 28906

    For Sale
    $125,000

    Land - CHEROKEE, NC

    Days on Market:
    70
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 8 Acres Old Murphy Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Other

    Building Details

    Architectural style
    Other

    Allen Tate - Murphy (828) 644-4002

    Listing agent Taylor Gremli (828) 644-4002

    Listing date Oct 3, 2025

    MLS# 152572 Listing URL

    Copyright © 2025 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

    Unrestricted Land Near Lake Hiwassee

    This property features 8.3+/- acres of unrestricted land. It is located minutes from downtown Murphy and Lake Hiwassee. The land has four unexpired, two-bedroom septic permits, valid until approximately 2029. The deed references possible perpetual access to a spring on a nearby property. A survey of the property shows how it could be divided into lots. The gentle land at the bottom of the lot, next to Old Murphy Road, allows for easy access. The property is suitable for an RV, homesite, developer, or possibly even a business. Possible views are available on the ridge top at the back of the property. Directly across the road is USFS, where the Nottley River meets Lake Hiwassee, providing opportunities for kayaking, boating, fishing, and hunting. There is no existing internet on the property at this time, and the buyer is encouraged to verify internet/WiFi options. The tax amount is from 2024 and is subject to change.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cherokee
    County
    Swain
    State
    North Carolina
    Longitude
    -84.1344
    Latitude
    35.1195

    FAQs

    What type of property is this?
    Land - 8.3+/- acres of unrestricted land near downtown and Lake Hiwassee.
    Where is this land located?
    The property is located at 8 Acres Old Murphy Rd Cherokee, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Unrestricted 8.3+\/- acre property minutes from downtown Murphy and Lake Hiwassee.; - Four unexpired 2-bedroom septic permits (valid until 2029+\/-).; - Possible perpetual access to a spring on a nearby property (buyer agent to verify).
    (828) 644-4002
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    Cherokee, NC 28906
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    Realmo Value Estimation

    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.

    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.

    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
    8 Acres Old Murphy Rd Cherokee, NC 28906
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