Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with River Access Title is generated by Realmo AI

    Wishing Waters Edge, Creston, NC 28615

    View on Map
    Claim this Listing
    For Sale
    $58,900

    LAND - Creston, NC

    Lot size:
    1.27 Acres
    Added:
    Oct 10, 2025
    Days on Market:
    234
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for Wishing Waters Edge

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.27 Acres

    We can help!

    Listing Contact
    Michelle Griffin
    Michelle Griffin

    Listing agent Michelle Griffin License #292518

    Listing office High Country Resort Properties 305 Crest Hill, Banner Elk, NC

    Listing date Oct 10, 2025

    MLS# 257569 Listing URL

    Copyright © 2026 High Country 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.

    HighLights

    • Private river access for your enjoyment.
    • RVs allowed while building, offering immediate recreational use.
    • Modular homes allowed, providing flexible building options.
    • Underground electric and fiber optics ensure seamless connectivity.
    • Seasonal views with potential for year‑round views adding to the property's appeal.
    • Minimum build size of only 1200 sq ft.

    Overview

    This 1.271-acre land offers private river access in the mountains. Located in Waters Edge on the New, the community provides underground electric and fiber optics. Modular homes are permitted, with a minimum build size of 1200 sq ft. RVs are allowed during the construction phase. The lot features seasonal views and the potential for year-round views.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Creston
    County
    Ashe
    State
    North Carolina
    Longitude
    -81.6486
    Latitude
    36.4481

    Nearby Similar for Sale

    • $199,000

      Undeveloped Land in Creston, NC

      32 acres of rural land with mature timber and stream.
      Flatwoods School Road, Creston, NC 28615
      View Details
    • $109,900

      Creston Land with Trout Stream

      10+ acres with 1100+ feet of trout stream frontage.
      TBD 8 Big Laurel Road, Creston, NC 28615
      View Details
    • $235,900

      Cleared Land with Creek Frontage

      19.72 acres with well, creek frontage, utilities, ready to build.
      TBD 7 Big Laurel Road, Creston, NC 28615
      View Details
    • $249,900

      Land with Long Views

      26+ acres with views, elevation, and paved road access.
      TBD 3 Big Laurel Road, Creston, NC 28615
      View Details
    • $149,900

      Wooded Land Near State Line

      Private, wooded 11-acre tract with easy access and potential views.
      Ed Vanover Road, Creston, NC 28615
      View Details
    • $179,900

      Land with River Views

      Land with carport, utilities, and septic system near New River.
      342 Up The River Drive, Creston, NC 28615
      View Details
    • $179,000

      Scenic Land with Mountain Views

      Land with flat ground, mountain views, and cabin shell.
      Bryan Davis Road, Creston, NC 28615
      View Details
    • $50,000

      Unrestricted Mountain Property Ready-to-Build

      4.7+ acres with septic and spring water in place!
      2573 Rock Creek Road, Creston, NC 28615
      View Details
    • $109,900

      Creston Land with Trout Stream

      10+ acres with over 1100 feet of stream frontage.
      TBD-8 Big Laurel Road, Creston, NC 28617
      View Details
    • $235,900

      Cleared Land with Creek Frontage

      Cleared building site with well and creek frontage.
      TBD-7 Big Laurel Road, Creston, NC 28615
      View Details
    • $249,900

      Land with Long Views

      26+ acres with views, elevation, and paved road access.
      TBD-3 Big Laurel Road, Creston, NC 28615
      View Details
    • $109,900

      Big Laurel Creek Waterfront Land

      Land with over 1100 feet of trout stream frontage.
      8 Big Laurel Road, Creston, NC 28615
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with private river access and mountain views.
    Where is this residential land & home lot located?
    The property is located at Wishing Waters Edge Creston, NC.
    What is the asking price?
    The asking price for this property is $58,900.
    What are key features of this property?
    This property features: Private river access for your enjoyment.; RVs allowed while building, offering immediate recreational use.; Modular homes allowed, providing flexible building options.
    (828) 963-2342
    We can help!
    Listing Contact
    Michelle Griffin
    Michelle Griffin
    Real Estate License ID: 292518
    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
    Wishing Waters Edge, Creston, NC 28615
    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!