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Property profile & analytics
OFF-MARKET
Golf courses & driving ranges

698 Golf Crse Rd Old Fort, NC 28762

5,592 SF 75.99 ac lot Built 1961
Individually Owned 2-yr Hold Free & Clear
Property ID
US53-3334589
Property summary
AI-generated overview

This exceptional 45-acre property in McDowell County, North Carolina, presents a unique investment opportunity. Located just six minutes from the vibrant town of Old Fort, this expansive tract boasts stunning mountain views and diverse possibilities. Previously the Old Fort Golf Course, the land has been chemical-free for over five years and features a pond and a small creek. The property includes mature trees and open fields, making it ideal for a variety of uses, including a wedding venue, outdoor recreation center, equestrian facility, vineyard, or other agricultural endeavors. Two active wells are on the site. The property is zoned OU. While 40 acres are restricted against subdividing and residential construction (see deed for details), five unrestricted acres allow for the construction of a home or business, creating a potential live/work compound. Conveniently located 15 minutes from Black Mountain and 30 minutes from downtown Asheville, this property offers unparalleled access to outdoor recreation, including proximity to Catawba Falls, the Fonta Flora/G5 trail system, Curtis Creek, and Pisgah National Forest. The asking price is $975,000, representing a price per acre of $18,750. SkyRunner internet and cellular coverage are available. This is a rare opportunity to acquire a large, versatile tract of land in a rapidly growing area. Don't miss this chance to create your dream project.

Property profile
Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,592 SF
Lot 75.99 ac (3,310,124 SF)
APN 0669-00-62-7852
UPID US53-3334589
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lisa Browning · 2 yrs held
Lisa Browning
since 2024
Last sale
$10,000
7 recorded transactions
2024
$10,000
2024
$447,000
2024
$15,000
2021
Price N/A
2021
Price N/A
2021
$54,000
2021
$54,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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