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

    HAPPY HILL Scaly Mountain, NC 28775

    View on Map
    For Sale
    $449,000

    Land,Residential - Scaly Mountain, NC

    Type:Single Family Residence
    Lot size:
    6.96 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for HAPPY HILL

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Exterior features
    None
    Standard status
    Active
    APN
    7408459107
    Lot size
    6.96 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel O'Connell

    Listing agent Daniel O'Connell

    Listing office eXp Realty, LLC (MLS Only) 16 Biltmore Avenue, Asheville, NC

    Listing date Nov 21, 2025

    MLS# 26041800 Listing URL

    Copyright © 2026 Carolina Smokies Association 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

    Scaly Mountain Unrestricted Land

    This 6.96-acre property is located in Scaly Mountain, North Carolina. The unrestricted land features rolling terrain, year-round views, waterfalls, and a creek. A roughed-in driveway and home pad are already in place. The property sits at an elevation of 3,446 feet, offering cooler summers and four-season beauty. There are no HOA or restrictions. Convenient highway and gravel road frontage offers easy access while maintaining privacy. The property is close to Highlands, Franklin, and Clayton, Georgia, for dining, shopping, and outdoor adventures. Utilities are not yet installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Scaly Mountain
    County
    Macon
    State
    North Carolina
    Longitude
    -83.326852
    Latitude
    35.001861

    Nearby Similar for Sale

    • $1,000,000

      Scaly Mountain Land with Views

      Unrestricted 32.58-acre mountaintop property with long-range views.
      Buck Knob Road, Scaly Mountain, NC 28775
      View Details
    • $199,000

      Scaly Mountain Homesite with Sunset Views

      3.96-acre homesite with well, driveway, and expired septic permit.
      Eastside Duck Mountain Road, Scaly Mountain, NC 28775
      View Details
    • $550,000

      Scaly Mountain Land with Views

      10.3-acre mountaintop tract with long-range views and building sites.
      Buck Knob Road, Scaly Mountain, NC 28775
      View Details
    • $381,800

      Scaly Mountain Land For Sale

      19.09 acres with building spots, stream, and bordered by USFS.
      Highland Gap Road, Scaly Mountain, NC 28775
      View Details
    • $245,000

      Scaly Mountain Land with Creek

      6.18-acre mountain retreat bordering U.S. Forest Service land.
      99999 Chastain Road, Scaly Mountain, NC 28775
      View Details
    • $169,900

      Scaly Mountain Luxury Motor Coach Lot

      Premium lakefront lot in Wildflower Creek Motor Coach Resort.
      115 Wildflower Road lot: 13, Scaly Mountain, NC 28775
      View Details
    • $275,000

      Scaly Mountain Land Near National Forest

      6.18-acre parcel bordering U.S. National Forest Service land.
      99999 Chastain Rd, Scaly Mountain, NC 28775
      View Details
    • $6,250,000

      Scaly Mountain Unrestricted Development Land

      211+ acres of unrestricted land with highway frontage near Highlands.
      6507 Dillard Road, Scaly Mountain, NC 28775
      View Details
    • $175,000

      Scaly Mountain Motorcoach Resort Lot

      Premium lot in Wildflower Creek Motor Coach Resort.
      19 Highlands Way lot: 17, Scaly Mountain, NC 28775
      View Details
    • $105,000

      Scaly Mountain Land with Permits

      4.09-acre lot with permits ready for building.
      Thomas Knob Estates Road lot: 35, Scaly Mountain, NC 28775
      View Details
    • $379,000

      Smoky Mountain Motorcoach Lot

      Premium motorcoach lot in the Smoky Mountains near Highlands, NC.
      60 Bartram Trail lot: 2, Scaly Mountain, NC 28775
      View Details
    • $149,000

      Scaly Mountain Land with Stream

      4-acre Scaly Mountain land featuring a beautiful cascading stream.
      Falls Road lot: 6, Scaly Mountain, NC 28775
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted 6.96-acre property with views, waterfalls, and creek.
    Where is this land located?
    The property is located at HAPPY HILL Scaly Mountain, NC.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Unrestricted 7‑acre property with year‑round mountain views, waterfalls, and creek.; Roughed‑in driveway and home pad already in place for easy building.; High elevation (3,446 ft) provides cooler summers and stunning fall colors.
    (828) 787-3004
    We can help!
    Listing Contact
    Daniel O'Connell
    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!