Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land in Biltmore Lake Title is generated by Realmo AI

    17 Hendrickson Court, Candler, NC 28715

    View on Map
    Claim this Listing
    For Sale
    $499,000

    LAND - Candler, NC

    Lot size:
    1.34 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    80
    Last Refresh:
    May 20 at 10:06 pm

    Property Features for 17 Hendrickson Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    9617-10-6041-00000
    Lot size
    1.34 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE:12/29/2020 DEED:5999-0860 SUBDIV:BILTMORE LAKE LOT:5016 BLOCK:D2&E PLAT:0187-0051

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    We can help!

    Listing Contact
    Sarah Lechner

    Listing agent Sarah Lechner

    Listing office Altitude Real Estate Group Inc 79 Joyner Ave, Asheville, NC

    Listing date Mar 1, 2026

    MLS# 4350481 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare Waterfront Lot: One of the last and largest buildable waterfront lots in Biltmore Lake.
    • Private Gated Enclave: Located within a secure, gated community of only five homesites, ensuring exclusivity and privacy.
    • Direct Lake Access: Offers immediate access to the walking trail around Biltmore Lake.
    • Stunning Views: Positioned to capture long water views and sunsets.
    • Biltmore Lake Community: Access to sought‑after community amenities including kayaking, pickleball, a beach, and a community center.
    • Pre‑Approved Plans Available: Architectural plans for a four‑bedroom home are available, streamlining the building process.

    Overview

    This 1.34-acre waterfront lot, located in Biltmore Lake, is one of the final and largest buildable lots available. Situated within a private, gated enclave of five homesites, the property offers privacy and security. The homesite is positioned to capture water views and sunsets, with direct access to the walking trail that wraps the lake. The gated section ensures exclusivity, with only five properties sharing the entrance. Biltmore Lake is a sought-after community where residents enjoy activities such as kayaking, pickleball, and beach outings, as well as a village-style community center. This lot has approximately 210 feet of water frontage and includes city water and sewer. Pre-approved architectural plans for a four-bedroom home are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Storage Facility Electrical Service Pet Store Plumbing Service Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Candler
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.718
    Latitude
    35.516

    Nearby Similar for Sale

    • $675,000
      4,713 SF

      Renovated Flex Industrial Asset

      Flex warehouse with office space and conversion potential.
      39 Brookside Circle, Candler, NC 28715
      View Details
    • $399,000

      Candler Land with Development Potential

      12.47 acres in Candler, NC, suitable for various developments.
      99999 Smokey Park Highway, Candler, NC 28715
      View Details
    • $335,000

      Mountain Land with Mobile Home

      Nine acres in Candler, NC with a well-maintained mobile home.
      30 Gertrude Lane, Candler, NC 28715
      View Details
    • $125,000

      Land in Peaceful Candler Community

      1.7 acre lot near Asheville, ideal for dream home.
      Duckett Road, Candler, NC 28715
      View Details
    • $1,250,000

      Land with Creek Access

      Development land with creek access in Candler, North Carolina.
      65 Owenby Road, Candler, NC 28715
      View Details
    • $395,000

      Mobile Home Park in Candler

      Mobile home park with three homes included in sale.
      295 Asbury Road, Candler, NC 28715
      View Details
    • $1,250,000

      Usable Acreage with Mountain Views

      Versatile property near Asheville with home, barns, and acreage.
      435 Upper Glady Fork Road, Candler, NC 28715
      View Details
    • $55,000

      Residential Land in Paradise Ridge

      Land with septic system and community well near Asheville.
      18 Paradise Ridge Road, Candler, NC 28715
      View Details
    • $175,000

      Picturesque Land in Candler, NC

      4.35 acres of scenic pastureland in Western North Carolina.
      99999 Wise Road, Candler, NC 28715
      View Details
    • $2,100,000

      Development Land with Mountain Views

      11.73 acres suitable for residential or mixed-use development.
      180 Holbrook Road, Candler, NC 28715
      View Details
    • $59,000

      Land in Quiet Mountain Setting

      1.1 acre lot offers peace, privacy, and mountain views.
      99999 Morgan Cove Road, Candler, NC 28715
      View Details
    • $395,000

      Mobile Home Park Investment Opportunity

      2+ acre mobile home park with income potential.
      3 Ruby Rose Lane, Candler, NC 28715
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Buildable waterfront lot in a private, gated Asheville community.
    Where is this waterfront land located?
    The property is located at 17 Hendrickson Court Candler, NC.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Rare Waterfront Lot: One of the last and largest buildable waterfront lots in Biltmore Lake.; Private Gated Enclave: Located within a secure, gated community of only five homesites, ensuring exclusivity and privacy.; Direct Lake Access: Offers immediate access to the walking trail around Biltmore Lake.
    (828) 424-9325
    We can help!
    Listing Contact
    Sarah Lechner
    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
    17 Hendrickson Court, Candler, NC 28715
    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!