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Investment Opportunity: Dual-Residence Estate on 20+ Acres in Cullowhee, NC
If you are looking for a high-yield real estate investment or a versatile multi-family property, this 20.21-acre estate in Cullowhee, North Carolina, offers a rare combination of historic charm and modern utility. Priced at $299,000, this unrestricted acreage represents a significant opportunity for passive income or a private mountain retreat near Western Carolina University (WCU).
Strategic Property Overview
This unique listing consists of two distinct homes, providing immediate rental income potential or a multi-generational living setup.
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Acreage: 20.21 Acres (Unrestricted)
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Infrastructure: Fiber Internet available (ideal for remote work and high-tech tenants).
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Climate Control: Central heat and air in both units with upgraded mechanical and plumbing systems.
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Outdoor Assets: Private hiking trails, rushing creek frontage, and a productive orchard (apple, peach, and cherry trees).
The Lower Log Cabin: A Masterpiece of Restoration
The first residence is a masterfully restored 1930s log cabin (2BR/1BA) that blends rustic aesthetics with contemporary luxury. To maximize property value, the home was stripped to the studs and rebuilt with high-end finishes:
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Custom Craftsmanship: Kitchen countertops feature refinished oak salvaged from the original 1930s structure.
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Architectural Details: Vaulted ceilings, crown molding, and exposed log walls in the utility suite.
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Outdoor Living: A massive covered front porch overlooks a loud, rushing creek—a primary selling point for short-term vacation rentals (Airbnb/VRBO).
The Upper Home: Modern Layout and Versatility
The second residence (2BR/1BA) offers a spacious, functional floor plan designed for comfort.
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Interior Finishes: Features elegant tongue-and-groove ceilings and built-in storage solutions.
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Renovation Ready: The kitchen is equipped with newer appliances, offering an easy opportunity for “forced appreciation” through minor cosmetic updates.
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Space: Includes an entry foyer and a large bathroom with adjacent laundry facilities.
Why This Property is a “Strong Buy” for Investors
Investing in North Carolina mountain real estate continues to be a hedge against inflation. This property stands out due to its:
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Dual-Stream Income: Two separate dwellings allow for simultaneous long-term or short-term leasing.
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Asset Security: 20+ acres of unrestricted land in the Appalachian region is increasingly scarce.
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Proximity to Education Hubs: Located just minutes from WCU, ensuring a consistent pool of professional and student tenants.
Whether you are looking to diversify your investment portfolio or seek a sustainable homestead with off-grid potential, this Cullowhee estate offers unmatched value at this price point.
From the Zillow listing:
