Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Wolf Mountain Estates Title is generated by Realmo AI

    Panorama Dr Wolf Mountain Estates lot 17, Murphy, NC 28906

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - MURPHY, NC

    Lot size:
    3.36 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for Panorama Dr Wolf Mountain Estates lot 17

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family
    Standard status
    Active
    Lot size
    3.36 Acres

    We can help!

    Listing Contact
    Elizabeth Yeoman

    Listing agent Elizabeth Yeoman License #339079

    Listing office EXIT Realty Mtn View Prop. 14 Valley River Avenue, Murphy, NC

    Listing date Mar 25, 2026

    MLS# 157865 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.

    HighLights

    • Breathtaking, long‑range panoramic mountain views from elevated vantage points on all lots.
    • Opportunity to purchase 3 lots (Lot 17, Lots 18 & 26) for an expansive estate, maximizing privacy and investment potential.
    • Located in Wolf Mountain Estates, a secure, gated community with a welcoming clubhouse.
    • Lots 18 & 26 feature a beautiful, gentle running branch creating a peaceful, storybook setting.
    • Gentle terrain and multiple potential build sites on Lot 17 and combined Lots 18 & 26.
    • Short drive to downtown Murphy's shops, restaurants, and outdoor activities.

    Overview

    Located in the gated Wolf Mountain Estates community in Murphy, NC, this property offers an opportunity to own acreage with mountain views. Lot 17, situated on Panorama Drive, spans 3.36 acres and provides panoramic views. The terrain is gentle, offering multiple potential build sites suitable for a full-time residence or mountain retreat. Lots 18 and 26, which are being offered together, total 3.55 combined acres on High View Road. These adjoining lots feature elevated positioning and mountain vistas, along with a gentle running branch flowing through the property. Buyers have the option to purchase Lot 17 individually or acquire all three parcels for an expansive estate. The community includes a clubhouse and is located a short drive from downtown Murphy, with its shops, restaurants, and outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Murphy
    County
    Cherokee
    State
    North Carolina
    Longitude
    -84.2944658
    Latitude
    35.0162087

    Nearby Similar for Sale

    • $995,000
      14,400 SF

      Versatile Commercial Property in Murphy

      Prominent mixed-use facility with office and industrial space.
      89 Sycamore Street, MURPHY, NC 28906
      View Details
    • $1,700,000
      5,796 SF

      Restored Industrial Building on River

      Chic, restored industrial building in downtown Murphy on Hiwassee River.
      11 Railroad St, MURPHY, NC 28906
      View Details
    • $349,000
      1,389 SF

      Charming Murphy Duplex For Sale

      Remodeled duplex with creek frontage, suitable for rental or residence.
      210 Hedden Road, MURPHY, NC 28906
      View Details
    • $599,000

      Development Property Near Harrah's Casino

      19.99 acres suitable for residential or commercial development.
      2201 Andrews Rd, Murphy, NC 28906
      View Details
    • $1,999,000
      5,200 SF

      Murphy NC Commercial Investment Opportunity

      10.47-acre commercial site with income and development potential.
      Highway 64 W, MURPHY, NC 28906
      View Details
    • $525,000

      Commercial Land in Murphy, NC

      11.27 acres of commercial land for sale.
      E US 64 Alt, MURPHY, NC 28906
      View Details
    • $125,000

      Highway Business Vacant Lot

      Vacant commercial lot with highway visibility and city utilities.
      727 Hiwassee Street, Murphy, NC 28906
      View Details
    • $105,000

      Downtown Murphy Unrestricted Land Parcel

      One-acre lot in downtown Murphy, ready for development.
      708 Regal Street, MURPHY, NC 28906
      View Details
    • $105,000

      Downtown Murphy Commercial Land Parcel

      Unrestricted 1-acre lot in the heart of Murphy, NC.
      708 Regal Street, MURPHY, NC 28906
      View Details
    • $690,000

      Secluded Land Ready for Glamping

      6.5 acres perfect for luxury glamping investment project.
      245 Quiet River Road, MURPHY, NC 28906
      View Details
    • $199,900

      Mountain View Land with Lake Views

      Vacant acreage with long-range mountain and Lake Hiwassee views, bordering USFS land for immediate outdoor access and privacy.
      Thundering Hill lot: 1, Murphy, NC 28906
      View Details
    • $599,000

      Residential Development Land Near Casino

      High-density residential development property near city amenities and casino.
      2201&2073 Andrews Road, Murphy, NC 28906
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acreage in gated community with mountain views near downtown Murphy.
    Where is this residential land & home lot located?
    The property is located at Panorama Dr Wolf Mountain Estates lot 17 Murphy, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Breathtaking, long‑range panoramic mountain views from elevated vantage points on all lots.; Opportunity to purchase 3 lots (Lot 17, Lots 18 & 26) for an expansive estate, maximizing privacy and investment potential.; Located in Wolf Mountain Estates, a secure, gated community with a welcoming clubhouse.
    (706) 741-8959
    We can help!
    Listing Contact
    Elizabeth Yeoman
    Real Estate License ID: 339079
    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

    Thank You for Inquiry
    Panorama Dr Wolf Mountain Estates lot: 17, MURPHY, NC 28906
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!