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781 923 0405
Swain, North Carolina
Ready to build that vacation or retirement cabin in the mountains? 1 acre lot available in the Ocona Lake Estates community in Whittier, NC. This “double lot” is zoned for either 1 or 2 homes depending on your preference. Build one to live in and pay for it with rental income from the second that you build at the same time or in the future.
Located 15 minutes from downtown Bryson City, 25 minutes from the Nantahala Outdoor Center, 10 minutes from Harrah’s Cherokee Casino and approximately 1 hour from Asheville. A great location for an investment rental as hiking, fishing, waters sports and mountain bike riding are never far away.
The well system is currently being upgraded in the community and new homes will be available for water hookups in the next 8-12 months although construction can start any time. Significant neighborhood water hook up discounts are available if booked in prepaid in 2020.
HOA fees are $300 per year for empty lots and $475 per year once your home is built. Being a double lot, this property will have dues of $600 per year when empty and $950 once a home is built. County real estate taxes are currently $80 per year.
Owner financing with flexible terms is available on this lot with just a $500 down payment and $377 per month. Once final funds have cleared a Warranty Deed will be filed with the county and the seller will pay all relevant closing costs. Contact us today to determine if this is the right investment for you!