Classic cabin character! C. 1987 in North Carolina. $161,000.

Property Overview

Price: $161,000
Address: 21 Cherry Mill Ln, Murphy, NC 28906
Property Type: Single Family Residence (Cabin Style)
Bedrooms: 2
Bathrooms: 2
Square Footage: 1,196 sq. ft.
Lot Size: 0.63 Acres
Year Built: 1987

Key Interior Features

Layout: Two-level living with a functional loft space and high ceilings.
Living Area: Features a cozy fireplace and large windows that provide ample natural light.
Kitchen: Includes wood cabinets and white counters, currently set up for a custom renovation.
Flooring: A mix of LVP (Luxury Vinyl Plank) and carpet throughout the home.
Climate: Equipped with central air conditioning for year-round comfort.

This mountain cabin offers a spacious 1,196 square foot interior with a charming fireplace and loft. It is an incredible opportunity for someone looking for a high-potential residence for sale in the heart of the mountains.

Exterior & Community Features

Outdoor Living: Large open deck and a front porch perfect for enjoying the quiet wooded setting.
Accessibility: Features an accessible approach with a built-in ramp.
Utilities: Shared well, septic system, and electric already in place.
Parking: Private asphalt driveway with space for multiple vehicles.
Community: Low-cost HOA ($365/year) in a peaceful, “silent zone” neighborhood.
Location: Tucked away in the Murphy mountains, close to Harrah’s Cherokee Valley River Casino.

The exterior boasts a private 0.63-acre lot with a spacious deck tucked neatly into the trees. If you have been searching for a secluded house for sale that offers peace and quiet, this property is a must-see.

Investment Potential

Value-Add: The property is livable as-is but is primed for a renovation to build immediate equity.
Rental Potential: Strong candidate for a short-term rental (Airbnb/VRBO) given its cabin character and proximity to local attractions.

This home is perfect for investors or DIY enthusiasts looking to flip or create a vacation retreat. Finding such a versatile property for sale at this price point provides a rare chance to enter the North Carolina mountain market.

From Zillow

Tucked into the trees in the Murphy mountains, 21 Cherry Mill Ln is a 1,196± SF cabin on 0.63± acre with big upside for the buyer who wants a value-add project in a peaceful setting. The home is livable as-is, but it’s ready for renovation–perfect for an investor, second-home vision, or full-time mountain retreat. Enjoy outdoor living on the spacious deck, plus classic cabin character and a setting that feels private and quiet. Property essentials include electric, a shared well, and a septic system, plus the benefit of a low-cost community with an HOA of $365/year. Murphy is the charming Cherokee County seat, set where the Hiwassee and Valley Rivers meet, with deep Appalachian heritage and a welcoming downtown. Nearby, one of the area’s biggest draws is Harrah’s Cherokee Valley River Casino & Hotel, offering gaming, dining, and entertainment just a short drive away. Short-term rental potential: Buyer to verify STR eligibility. The home may be a strong candidate for a vacation/short-term rental (Airbnb/VRBO-style), subject to HOA/CCR restrictions and any county/town rules, permits, or registration requirements. In Cherokee County, rentals for periods of less than 90 days require hosts to collect and remit a 4 occupancy tax (in addition to NC sales tax) and file reports. Bring your contractor and creativity–this is a great chance to refresh a mountain cabin setting and build equity in a location that blends quiet surroundings with year-round amenities. Buyer must close with sellers attorney.