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    150 Castle Ct Murphy, NC 28906

    Sponsored
    For Sale
    $935,000

    Enchanting 10-acre event space in Murphy, NC

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Nestled on over 10.67 acres in Murphy, North Carolina, the Castle of Joy presents a unique investment opportunity. This fully furnished, established event venue boasts a captivating blend of medieval charm and modern elegance, ideal for weddings, corporate retreats, and other destination events. The property features ample parking accommodating up to 50 vehicles, along with a dedicated vendor area for seamless event logistics. Multiple outdoor ceremony locations are available, including a picturesque heart-shaped pond populated with Koi and Goldfish, a cozy fire pit perfect for intimate gatherings, and scenic walking trails enhancing the overall experience. The main castle building showcases antique chandeliers and intricate woodwork, creating a truly enchanting atmosphere. Inside, you'll find two bedrooms each with ensuite bathrooms, and a bunkroom providing comfortable accommodations. A rustic reception barn, tastefully decorated with fairy lights, adds to the venue's versatile appeal. The Castle of Joy has enjoyed six years of successful operation, demonstrating its strong market position and potential for continued growth. The current manager is available to ensure a smooth transition for the new owner. This property is offered at $935,000. Appointments are required for viewing

    Property Features for 150 Castle Ct

    General Information

    Property type
    Other commercial real estate
    Lot Size
    464,785 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Travel Agency Carpet & Flooring Store Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Murphy
    County
    Cherokee
    State
    North Carolina
    Longitude
    -84.04568
    Latitude
    34.99757

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    FAQs

    What type of property is this?
    Commercial real estate - Enchanting 10-acre event space in Murphy, NC
    Where is this commercial real estate located?
    The property is located at 150 Castle Ct Murphy, NC.
    What is the asking price?
    The asking price for this property is $935,000.
    (828) 516-1707
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    150 Castle Ct Murphy, NC 28906
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    Murphy, 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
    150 Castle Ct Murphy, NC 28906
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