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Five-Residence Mountain Rental Property
New
For Sale
$2,195,000

124 Borges Lane, Waynesville, NC 28785

A custom log home and four furnished cabins support established short-term rental operations in a mountain setting.

Property Size2,007 SF
Lot Size9.84 Acres
Price / SF$294.51
Days on Market3

Property Features for 124 Borges Lane

General Information

Standard status Active
Size 2,007 SF
Lot size 9.84 Acres
Property subtype Business

Additional Details

Multifamily Units 5

Amenities

fireplaces
loft spaces
covered porches
decks
BBQ grills
picnic spaces
fire pits
Green Area, Level, Wooded, Views
Architectural Shingle
Electric, Partial, Wood
Septic Installed, Shared Septic
Additional parcels description:, Parcel Number: 8608-84-5970, Assessed Value: $1.3025e+06
Laminate, Linoleum, Tile, Wood
Ceiling Fan(s), Heat Pump, Window Unit(s)
Heat Pump, Propane
Listing ID: CAR4434356, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: None
Driveway, Shared Driveway
Insulated Window(s), Window Treatments
Basement Garage Door, Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Walk-Out Access, Walk-Up Access
Built in 2007, Living area: 7453, 5 buildings, Construction Materials: Log
County/Parish: Haywood
Elevation: 2500, Mountain(s), Winter, Year Round
7 total bathrooms
Propane, Water Source: Shared Well
Basement, Crawl Space
Frontage Type: Private Road, Road Responsibility: Private Maintained Road, Road Maintenance Agreement, Road Surface: Gravel, Paved
Patio/Porch Features: Covered, Deck, Porch
Dishwasher, Dryer, Electric Range, Exhaust Fan, Microwave, Washer, Washer/Dryer, Other equipment: Fuel Tank - Owned

Building Details

Building Size 2,007 SF
Year Built 2007
Construction log
Listing Agency: Keller Williams Great Smokies
Listed By: Matthew Wells · License #344905
Source: Blackstreaminternational
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Great Smokies

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Investment Insights

Based on property information with market context.

This short-term rental property combines a custom log residence with four additional log cabins. The main home offers approximately 4,470 square feet across three levels, with wood interiors, exposed beams, vaulted ceilings, a stone fireplace, and an open living area. Its kitchen has stainless steel appliances and a center island. The home also includes a 624-square-foot loft, a finished lower level with a second kitchen, a three-car basement garage, 400-amp electrical service, a 50-amp RV hookup, and a 12-by-32-foot storage building.

The four cabins provide approximately 3,296 combined square feet and are advertised to accommodate up to 23 guests. Each has an equipped kitchen, laundry facilities, and a covered porch or deck; select cabins also have fireplaces and lofts. Outdoor features include grills, picnic areas, and fire pits. The property is near Waynesville, Maggie Valley, Cataloochee Valley, the Blue Ridge Parkway, and Great Smoky Mountains National Park.

Key Highlights

  • Five log residences, including one custom home and four cabins
  • Main residence offers approximately 4,470 square feet across three levels
  • Four cabins provide approximately 3,296 combined square feet and advertised accommodations for up to 23 guests

Property Analytics

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Current Use

Deer Country Vacation ... Vacation Rental

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 28785, NC

8,238
Population
4,831
Households
1.7
Avg Household Size
53
Median Age
33%
College-Educated
90%
High-School Grad
168.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,750
Median Household Income
$41,733
Median Earnings
$1,100
Median Rent
$282,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - A custom log home and four furnished cabins support established short-term rental operations in a mountain setting.
Where is this short term rental property located?
The property is located at 124 Borges Lane Waynesville, NC.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Five log residences, including one custom home and four cabins; Main residence offers approximately 4,470 square feet across three levels; Four cabins provide approximately 3,296 combined square feet and advertised accommodations for up to 23 guests
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