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1470 Thermal City Rd, Union Mills, NC, 28167

18beds
14baths
11,650sqft
$12,000,000
$1,030price/sqft
$71,517/moest. monthly cost
$2,860,680/yrincome needed

About This Home

Once-in-a-Lifetime Estate in Union Mills! This extraordinary property offers unlimited possibilities with 65 gently rolling acres, an 8,950 sq. ft. lodge, a one-bedroom Gate House, and 6 brand-new log cabin rentals, plus additional development opportunities throughout the property. The lodge is perfectly designed across two levels. The main floor features 4,952 sq. ft. with a massive open great room highlighted by a stunning stone gas fireplace, a sunroom with a hot tub, 4 spacious bedrooms, a TV room, a double kitchen, a bar area, 4 large bathrooms, and a laundry room. The second floor offers 3,998 sq. ft. with 7 large bedrooms, 3 bathrooms, a theater room, a game room, and an additional laundry room. The Gate House is a beautifully finished one-bedroom rental complete with its own private hot tub. The six new log cabins are thoughtfully positioned for privacy, each featuring a covered deck and private hot tub. This property has hosted many weddings and events with a large guest capacity, making it a premier destination for celebrations, retreats, and gatherings. In addition to the existing improvements, there are 8 additional cabin or RV sites ready to go, and the property has a conceptual layout plan showing the potential for up to 88 total RV sites. Whether you’re looking for a luxury private estate, a thriving hospitality business, an RV resort, an equestrian property, a wedding venue, or a family retreat, this property can bring your vision to life. Adding to its uniqueness, the far corner of the property adjoins a Conserving Carolina protected area of approximately 1,500 acres, providing additional privacy and natural beauty. Conveniently located with easy access to I-40, it’s just 24 miles to Tryon International Equestrian Center, 46 miles to Asheville, and 84 miles to Charlotte. This is truly a one-of-a-kind Western North Carolina mountain estate. Schedule your private tour today and experience everything this incredible property has to offer.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

4/10
4/10
R-S Middle SchoolGrades 6-88.0 mi
4/10
R-S Central High SchoolGrades 9-127.4 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Crawl Space
  • Roof: Aluminum
  • Construction materials: Cedar Shake,Stone,Wood

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Oven,Microwave,Refrigerator,Washer/Dryer
  • Laundry features: Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 18
  • Bathrooms: 14
  • Full bathrooms: 11
  • 1/2 bathrooms: 3

Features

  • Flooring: Carpet,Hardwood,Wood
  • Fireplace features: Gas,Gas Log,Great Room,Propane,Recreation Room
  • Finished area below ground: 0
  • Finished area above ground: 11,650

Heating & Cooling

  • Heating features: Central,Heat Pump,Wall Furnace
  • Cooling features: Ceiling Fan(s),Central Air,Ductless,Electric

Interior Area

  • Total structure area: 11,650
  • Total interior livable area: 11,650 sqft

Property

Details

  • Parcel number: 1645916
  • Zoning: None
  • Special condition: Standard

Features

  • Stories: 2
  • Has view: Yes
  • View description: Mountain(s),Year Round

Lot

  • Lot size: 65.78 Acres

Parking

  • Parking features: Parking Lot,Parking Space(s)

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Ice Storm
Lightning
Cold Wave
Hail
Inland Flooding
Landslide
Tornado

FEMA Declared Disasters in Rutherford County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $60,678$728,136
Home Insurance *$4,898$58,776
Property Taxes $4,856$58,272
Electricity $1,085$13,021
Total$71,517$858,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,452,011/yr
40% on housing$2,145,510/yr
45% on housing$1,907,120/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 8.5%
8.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,030This listing

vs Other Active Listings

Avg $/sqft

ZIP 28167$425
Rutherford County$221

vs Homes Sold Last Month

Median $/sqft

ZIP 28167$242
Rutherford County$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-11Listed for sale$12,000,000
2021-08-17Listing removed--
2021-07-06Listed for sale$1,395,000
2021-06-21Listing removed--
2020-04-13Listed for sale$1,439,000
2020-03-02Listing removed$1,439,000
2019-05-20Listed for sale$1,439,000
2014-05-23Sold$33,943

For Sale by Agent

AgentStephanie Johnson
BrokerageMountain Adventure Realty

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