Linville home for sale at $29.75M in Avery County NW of Asheville

LINVILLE If you have got a spare $30 million or so lying all over, area serious estate agent Marilyn Wright has just the location for you.

Wright, with Premier Sotheby’s Worldwide Realty’s Asheville office environment, has the listing for the 8,700-square-foot “Lazy Bear Lodge,” found in Linville Ridge Region Club in the Grandfather Mountain place. The home, and two scaled-down structures, sit atop a craggy 5,000-foot mountain ridge in Avery County, about 70 miles northwest of Asheville.

The inquiring price is $29.75 million. Hey, the listing also includes the separate 2,701-sq.-foot “folly property,” and a 1,006-sq.-foot “hobbit guest residence and training property,” which “are carved into the facet of the mountain with decking overlooking the forest.” The estate also will come with a golfing cart garage.

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In an Oct. 4 push release announcing the property is officially on the marketplace, Sotheby’s states it’s “the best-priced dwelling in North and South Carolina.”

The household will come with 5.86 acres, “with rocky outcroppings and 340-degree sights of the bordering peaks, such as Grandfather Mountain in the Blue Ridge Mountains,” the launch states. “Presented furnished, the turnkey residence incorporates an comprehensive western art collection spanning three centuries.”

Wright has been connected with quite a few eye-popping real estate sales in new a long time, which includes a 17,850-sq.-foot property in North Asheville that sold last November for $5.1 million. That sale was eclipsed by a North Asheville “holiday dwelling” that bought for $6.8 million, a deal brokered by Beverly-Hanks & Associates, Realtors.

Wright also co-shown a farmhouse estate in Brevard that bought for $9.3 million in 2021.

When house revenue have slowed a little bit in general, gross sales of luxury residences − all those above $1 million − have remained sturdy in the mountains. Beverly-Hanks, which has a 9-county territory surrounding Asheville, stated in its next quarter 2022 real estate report that luxury property product sales have remained solid.

“When predictions in the broader serious estate sector show a slower tempo when compared to the frenzied rate of 2021, the existing information in the luxurious sphere demonstrates a balanced and energetic marketplace of upper-bracket listings,” Beverly Hanks mentioned in the report. “Existing figures illustrate an stock increase of 12% — welcome information for buyers. Furthermore, residence gross sales are also going sturdy with an maximize of 28%.”