Last Sold Price
229,126 Lot Size5.26 Acres
1 Tate Cove Rd, Franklin, NC 28734

Description

Private Upper Nantahala Riverfront on top 10 trout stream. Almost 800' of riverfront on 5.26 acres over 3000' altitude with year round trophy trout fishing. Gated community with 5 miles of riverfront and even Nantahala Lake access. Enjoy incredible kayaking, fishing, launch your boat on the lake, hike the miles of trails, and views of thousands of acres of National Forest surrounding the community of Rainbow Springs. Level riverfront building site with steeper land across road.Private Upper Nantahala Riverfront on top 10 trout stream. Almost 800' of riverfront on 5.26 acres over 3000' altitude with year round trophy trout fishing. Gated community with 5 miles of riverfront and even Nantahala Lake access. Enjoy incredible kayaking, fishing, launch your boat on the lake, hike the miles of trails, and views of thousands of acres of National Forest surrounding the community of Rainbow Springs. Level riverfront building site with steeper land across road.
LISTING CLOSED: 06/27/2022 12:00 AM

  1. Listed by Cynthia Sullivan • Brokerage DRE #C19953 • Old Town Brokers
    P: (828) 321-5516 cindy@oldtownbrokers.com

Property Details for 1 Tate Cove Road

Status
MLS #
98534722
Days on Market
29
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land
Year Built
-
Lot Size
5.26 AC
Subdivision Name
Rainbow Springs
Waterfront
Yes
Zoning
Single Family

Recent comparable sales

Median sold price

$285,000

Avg days on market

103

Sale-to-list ratio

85.6%

Franklin, NC

9 comparable properties found

$120,000 | Lot 1 Water Gauge Road, Franklin, NC 28734
1/2
1

$120,000

Sold 08/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.15
Acres
$425,000 | 15 Water Gauge Road, Franklin, NC 28734
1/8
2

$425,000

Sold 05/05/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5
Acres
$16,500 | 0 Thunderstruck Lane, Franklin, NC 28734
1/6
3

$16,500

Sold 10/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.18
Acres
$290,000 | 0 Summit Street, Franklin, NH 03235
1/18
4

$290,000

Sold 01/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
96
Acres
a backyard of a house with lots of green space
5

$264,023

Sold 10/11/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
a view of a green field with lots of trees
1/23
6

$300,000

Sold 11/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
71.05
Acres
a view of lake with green space
7

$265,000

Sold 12/03/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
46.53
Acres
a backyard of a house with lots of green space and mountain view
8

$285,000

Sold 12/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
37.94
Acres
an aerial view of swimming pool
1/9
9

$290,000

Sold 01/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.61
Acres

Location

Listing Courtesy of Old Town Brokers

Sold By Old Town Brokers

Add your commute

Building Information for 1 Tate Cove Road

Lot Size5.26 AC

Payment Calculator

$1,398 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,398

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Tate Cove Road

Summary
Location and General Information
  • Directions: From Franklin, take Hwy. 64 West 12 miles to Rainbow Springs Rd, turn right. From Hayesville, take Hwy. 64 East, & travel 20 miles to Rainbow Springs Road on left. Go 5 miles on gravel road to Water Gauge Rd., turn left. Cross small creek and go up to security gate. Agent must unlock gate. Must ford the river to reach this property - 4wd is best. All roads are gravel.
  • Latitude: 35
  • Longitude: -84
  • Road Frontage Type: Unpaved
  • Topography: Level, Steep
Taxes and HOA
  • Parcel Number: 651300737654
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Buildings On Property: None
  • Frontage Type: River
  • Lot Size Acres: 5.26
  • Lot Size Area: 5.26
  • Lot Size Square Feet: 229126.0
  • Lot Features: Lake Privileges
  • Lot Size Units: Acres
  • Other Structures: None
Property and Assessments
  • Deed Book: 140
  • Current Use: Vacant, Residential
  • Possession: Close Of Escrow, At Closing
  • Property Type: Land
  • Permitted Use: Public
Utilities
  • Sewer Provider: None
  • Utilities: Cable Available, Propane
  • Water Source: None
Interior and Exterior Features
Exterior Features
  • Fencing: None
Interior Features
  • Bathrooms Total Source: MLS
Agent
Sale and Listing
  • Sold Exclusive: No

Property History for 1 Tate Cove Road

DateEvent & SourcePriceAppreciation
Jun 27, 2022

Closed

NCRMLS #98534722

$275,000
Mar 11, 2022

Under Contract-No Show

NCRMLS #98534722

Feb 11, 2022

Listed (Active)

NCRMLS #98534722

$300,000
DateEvent & SourcePrice
06/27/2022

Closed

NCRMLS #98534722

$275,000
03/11/2022

Under Contract-No Show

NCRMLS #98534722

02/11/2022

Listed (Active)

NCRMLS #98534722

$300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1 Tate Cove Road

This home is within Macon County School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Nantahala School
PublicK to 12

Mountain View Intermediate School
Public5 to 6

Macon Middle School
Public7 to 8

Franklin High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1 Tate Cove Road, Franklin, NC 28734
$275,000
229,126
$400,000
229,126
$245,000
188,615
2
1.5
1,152
122,839
$68,500
43,560
$90,000
43,560

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Old Town Brokers

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.