Just Listed
Address
534 Preservation Trail, Sylva, NC
Price
$ 1,790,000
Property Attributes
- MLS#26048541
- TypeSingle Family
- Listing Status Active
- CountyJACKSON
- CitySylva
- AreaSavannah
- NeighborhoodGarnet Ridge Preservation
- Zip28779
- StyleContemporary,Condo,Multi-Family
- Taxes$ 10894
- Price$ 1,790,000
- Bedrooms16
- Full Bathrooms9
- Half Bathrooms0
- Sqr Footage10912
- Lot Size15 Acres
Data Source:
Carolina Smokies Association of REALTORS® (CSNCAOR)
Property Description
Turn-Key 8-Unit Investment Opportunity on 15.57 Acres with Expansion Potential. Positioned within a quiet, well-maintained gated mountain community, this 15.57-acre property presents a unique opportunity to acquire an established 8-unit residential investment with additional value-add and development potential. The property consists of two separate four-unit condominium buildings, providing a total of eight spacious 2-bedroom, 2-bath units. Each residence features high ceilings, generous living spaces, a private deck, and beautiful short- and long-range mountain views. Upper-level residences are enhanced by dramatic cathedral ceilings, while the lower condominium building features private garage space designated for each residence. The property is turn-key and positioned for immediate operation, offering flexibility for short-term vacation rentals, long-term rentals, or a combination of rental strategies, subject to applicable restrictions and regulations. Its gated setting, peaceful atmosphere, mountain views, and private outdoor spaces create an attractive environment for both vacation and residential tenants. Beyond the existing eight units, the property offers additional upside. An existing building is already in place with the potential to be converted into an additional condominium or rental unit, creating an immediate value-add opportunity. With 15.57 acres in total and substantial acreage separating the existing improvements, there may also be potential for additional residential development and construction of future units, subject to zoning, infrastructure, permitting, community restrictions, and buyer due diligence. For an investor seeking a property that combines existing income-producing improvements, turn-key rental potential, multiple buildings, significant acreage, and a potential path for future expansion, this offering provides a compelling opportunity to acquire a scalable mountain rental asset in a private gated setting. Link to Youtube video: https://youtu.be/8iGzBXznAHw
| Price History | |
|---|---|
| 9/19/2026 | Listed $1,790,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Cooling | Central Electric |
| Roof | Composition,Fiberglass,Shingle |
| Appliances | Dishwasher,Microwave,Electric Oven/Range,Refrigerator,Washer,Dryer |
| Water | Well,Private |
| Water Heater | Electric |
| Fireplaces | Other-See Remarks |
| Restrictions | 1 |
| Status | Active |
| Full Baths | 9 |
| Year Built | 2007 |
| Subdivision | Garnet Ridge Preservation |
| County | Jackson |
| Township | Savannah (Jackson Co.) |
| Area | Savannah |
| HOA Dues | 1920.00 |
| Financing | Cash,Conventional,USDA Loan,FHA |
| Status | Active |
| HOA Frequency | Quarterly |
| Type & Style | Contemporary,Condo,Multi-Family |
| Virtual Tour | https://tour.usamls.net/534-Preservation-Trail-Sylva-NC-28779/unbranded |
| Directions | HWY 441 to Pumpkintown Rd to left on Garnet Rd. Once in the subdivision,stay right onto Garnet Rd. then right onto Preservation Trl. Once you come to the road split,Left will take you to Condo set 2, |
| City | Sylva |
| Listing Type | Residential |
| ListingAgentFirstName | David |
| ListingAgentLastName | Pinkerton |
Interior Features
| Interior Amenities | Cathedral/Vaulted Ceiling,Ceiling Fans,Primary w/Ensuite,Workshop |
|---|---|
| Beds | 16 |
| Basement/Foundation | Crawl Space |
| Floors | Ceramic,Luxury Vinyl Plank |
| Attic | None |
| Master Bedroom Level | First |
| Approximate Heated SqFt | 10912 |
| Bedroom 2 Level | First |
| Bedroom 3 Level | Second |
| Bedroom 4 Level | Second |
Exterior Features
| Exterior | Composition Siding,Hardboard |
|---|---|
| Exterior Amenities | Deck,Gated Community |
| Garage/Carport | Garage-Single Detached,Other Garage-See Remarks |
| Lot Dimensions | 15.5700 |
| Windows/Doors | Windows-Insulated,Other-See Remarks |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 28779
Price
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