Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Homesite in Gated River Community Title is generated by Realmo AI

    High Peak Drive, Burnsville, NC 28740

    View on Map
    Claim this Listing
    For Sale
    $61,000

    LAND - Burnsville, NC

    Lot size:
    1.95 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    104
    Last Refresh:
    May 21 at 11:06 am

    Property Features for High Peak Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    085100016692.000
    Lot size
    1.95 Acres

    Taxes and HOA fees

    Tax Description
    LOT 16 RIVER CREST SUBD

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Julieta Picardi

    Listing agent Julieta Picardi

    Listing office MATHERS REALTY.COM 4335 Matthews Mint Hill Rd Ste B, MATTHEWS, NC

    Listing date Feb 6, 2026

    MLS# 4344088 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

    • 1.95‑acre homesite in River Crest, a private, gated community offering security and exclusivity.
    • Toe Riverfront access for fishing, floating, and recreation within the community "Greenspace" common area.
    • Community amenities include a hiking trail, fire pit, and grill for outdoor enjoyment.
    • Underground electricity and fiber optic internet provide modern conveniences in a mountain setting.
    • Conveniently located 40 minutes from Asheville and 90 minutes from Great Smoky Mountains National Park.
    • Owner financing available.

    Overview

    This 1.95-acre homesite is located within the private, gated community of River Crest. The property offers access to the Toe River for fishing and recreation. The community features a "Greenspace" common area with Toe Riverfront access, a hiking trail, fire pit, and grill. Residents benefit from amenities such as a gated entry, underground electricity, fiber optic internet, and private river access. The property is suitable for building a full-time residence or a weekend retreat. River Crest is located near Burnsville, approximately 40 minutes from Asheville and about 90 minutes from the Great Smoky Mountains National Park's Cataloochee Valley. Burnsville offers dining and local shops. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Burnsville
    County
    Yancey
    State
    North Carolina
    Longitude
    -82.2044
    Latitude
    35.955

    Nearby Similar for Sale

    • $699,999
      11,260 SF

      Multi-Use Suite Complex For Sale

      Multi-use suite complex in Celo Community, Yancey County.
      4188 State Hwy 80 S, Burnsville, NC 28714
      View Details
    • $995,000
      3,443 SF

      Prime Downtown Burnsville Commercial Property

      High-visibility commercial building on 0.85 acres in downtown Burnsville.
      506 W Main Street, Burnsville, NC 28714
      View Details
    • $799,000

      Versatile Highway Frontage Property

      Luxury property with commercial potential in Burnsville, North Carolina.
      7854 E US Highway 19E, Burnsville, NC 28714
      View Details
    • $799,000
      2,800 SF

      Versatile Land with Mountain Views

      14.52 acres with hanger/building, suitable for various uses.
      124 Shootout Lane, Burnsville, NC 28714
      View Details
    • $675,000

      Burnsville Commercial Property with Auto Shop

      4.28 acres with established auto service business and expansion potential.
      23 Lana Lane, Burnsville, NC 28714
      View Details
    • $37,900

      Land in The Cove

      Timbered building lot with mountain views and recreation areas.
      Hickory Springs Road, Burnsville, NC 28714
      View Details
    • $400,000

      25 Acres Usable Mountain Land

      Private acreage with pasture, woods, water, and comfortable cabin.
      292 Crow Lane, Burnsville, NC 28714
      View Details
    • $180,000

      Mountain Land with Creek Frontage

      Two parcels totaling four acres near Mount Mitchell.
      446 Rocky Fork Road, Burnsville, NC 28714
      View Details
    • $135,000

      Mountain Land in Burnsville, NC

      14+ acres of mountain land perfect for cabin or homestead.
      Bee Branch Road, Burnsville, NC 28714
      View Details
    • $69,000

      Flat Buildable Lot in Burnsville

      Easily buildable lot in gated mountain community near Asheville.
      The Cove at Celo Mountain lot: 1, Burnsville, NC 28714
      View Details
    • $199,000

      Highway Frontage Commercial Land Parcel

      Two-acre commercial parcel with highway frontage and versatile use potential.
      6045 US 19E Highway, Burnsville, NC 28714
      View Details
    • $99,900

      Celo Mountain Homesite Opportunity

      6.01-acre homesite with septic approval and winter mountain views.
      Hickory Springs Road lot: 7B, Burnsville, NC 28714
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.95-acre homesite with amenities near Toe River.
    Where is this residential land & home lot located?
    The property is located at High Peak Drive Burnsville, NC.
    What is the asking price?
    The asking price for this property is $61,000.
    What are key features of this property?
    This property features: 1.95‑acre homesite in River Crest, a private, gated community offering security and exclusivity.; Toe Riverfront access for fishing, floating, and recreation within the community "Greenspace" common area.; Community amenities include a hiking trail, fire pit, and grill for outdoor enjoyment.
    (704) 670-2565
    We can help!
    Listing Contact
    Julieta Picardi
    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
    High Peak Drive, Burnsville, NC 28740
    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!