Skip main navigation
Closed
  • $1,000,000

    1568 Watermill Rd, Morganton, NC 28655

    3beds
    2,351sqft
    Single Family Residence
    Built in 2020
    74.06 Acres Lot
    $978,500 Zestimate®
    $425/sqft
    $2,299 Estimated rent

    Home value

    $978,500

    $930,000 - $1.03M

    $2,299/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $2,299/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $2,299/mo

    Rent Zestimate®

    Refinance and save

    $5,989/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $5,989/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    This 74.06-acre unrestricted property features long-range mountain views, Canoe Creek running the length of the property with several access points to the water, and approximately 2 miles of hiking and 4wheeler trails for enjoying your private mountain sanctuary. It includes a 2,351 sqft 3BR, 3BA 2story home built in 2020 along with multiple other potential build sites throughout, and an open, grassy field perfect for picnics, bonfires and recreation. The property sits across the street from the 652 acre Oak Hill Community Park and Forest which hosts over 20 miles(and growing) of mountain biking and hiking trails. Lake James and Lake James State Park are less than 15 mins away for water sports, hiking and more mountain biking for adrenaline enthusiasts. The towns of Old Fort, Black Mountain, Boone, Blowing Rock and Asheville are all less than an hour's drive from the property. Historic downtown Morganton which offers shopping several grocery stores, restaurants, breweries and wineries is just 10 minutes away by vehicle; Enjoy the Historic Morganton Festival in September, the TGIF series that runs from May through July and the Winter Carnival and Downtown Lighting to start the Christmas holidays; These 74 acres offer a blend of privacy, natural beauty and development potential while remaining pristine and with breathtaking views; This is the perfect setting for your own private estate, a family compound, a hunting property, an eco-tourism venture including camping and glamping, an AirBnB or as a legacy investment; Explore the remaining foundation of the old JD Pitts Dam and Mill site on the property in Canoe Creek where grain was milled using the dam, water wheel and grinding wheels; Game on the property include deer, turkey, rabbit, dove, and an occassional bear, and more; The custom-designed, like-new 2story home has a 1st floor bedroom and full bathroom, an open layout and 2 primary and secondary owner's suites; The entry room has 2 closets and a vaulted, shiplap ceiling; The kitchen has a wonderful view of the backyard landscaping and hill along with a large island and stainless appliances; The dining room has a comfortable window seat and a table made from local harvested wood; The living room has plenty of natural light coming in and a sliding glass door to the spacious, covered rear deck with its wood stove; The left side owner's suite has an office area and balcony, a loft area, the laundry and a full bathroom with a tiled and glass stall shower; The right side owner's suite with its own private access and stairway has a large walk-in closet / office and a full bathroom with a stall shower; Other desirable features include a 1st floor workstation, shiplap walls, wood laminate planking and ceramic tile flooring, a hot tub and 2 mini-split heat/air units with 5 trunk lines; The outdoor space includes a landscaped front natural area, a fire pit and backyard access to the trail system; The attached garage and attached storage area give you valuable storage area; The detached garage has electric, a concrete floor and a rear lean-to perfect for a tractor or side-by-side; The property was accepted in March 2026 to the NC Present-Use Value program which provides tax incentives to the property owner;

    Zillow last checked:

    Listing updated:

    Listed by:

    Bob Warchol Bobwarchol@kw.com,

    Keller Williams Unified

    Bought with:

    Vanessa Elvira

    Nexus Realty LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4405514MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Upper
    Bedroom s
    • Level: Main
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Upper
    Bathroom full
    • Level: Upper
    Other
    • Level: Upper
    Kitchen
    • Level: Main
    Laundry
    • Level: Upper
    Living room
    • Level: Main
    Office
    • Level: Upper
    Heating
    • Ductless
    Cooling
    • Ceiling Fan(s), Ductless
    Appliances
    • Included: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
    • Laundry: Upper Level
    Features
    • Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
    • Flooring: Laminate, Tile
    • Doors: Insulated Door(s), Sliding Doors
    • Windows: Insulated Windows
    • Has basement: No
    Interior area
    • Total structure area: 2,351
    • Total interior livable area: 2,351 sqft
    • Finished area above ground: 2,351
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Attached Garage, Detached Garage, Garage on Main Level
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Attached garage has 333 sqft; Detached garage has 360 sqft;
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Front Porch
    • Exterior features: Fire Pit
    • Has spa: Yes
    • Spa features: Heated
    • Has view: Yes
    • View description: Mountain(s), Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Other - See Remarks, Creek, Creek/Stream, Waterfront
    • Body of water: Creek
    Lot
    • Size: 74.06 Acres
    • Features: Flood Plain/Bottom Land, Hilly, Private, Sloped, Wooded
    Details
    • Parcel number: 63751
    • Zoning: R-3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Hardboard Siding
    • Foundation: Crawl Space
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Morganton

    Financial & listing details

    • Price per square foot: $425/sqft
    • Tax assessed value: $671,150
    • Annual tax amount: $4,354
    • Date on market: 7/22/2026
    • Cumulative days on market: 9 days
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Road surface type: Gravel, Paved

    Price history

    DateEventPrice
    8/31/2026Sold$1,000,000$425/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem
    8/9/2026Listed for sale$1,000,000$425/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem
    7/31/2026Pending sale$1,000,000$425/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem
    7/22/2026Listed for sale$1,000,000$425/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405514 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,354 -0.7%$671,150
    2024$4,383 $671,150
    2023$4,383 +40.5%$671,150 +73.5%
    2022$3,119 +2.7%$386,880
    2021$3,037 +109.6%$386,880 +109.6%
    2020$1,449 +519.4%$184,544
    2019$234 --
    Find assessor info on the county website

    Neighborhood: 28655

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Oak Hill
    • Middle: Table Rock
    • High: Freedom

    Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $978,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $978,500