Rustic North Carolina Motel Is Transformed Into a Bargain $599K Mountain Ranch That Is Packed With Personality

A rustic North Carolina motel that has entered a new era as a charming mountain retreat has come to the market in Chimney Rock for the bargain price of $599,000—complete with breathtaking views of Hickory Nut Falls, incredible income opportunity, and even ties to the iconic Radio City Rockettes.

Described as a "rare opportunity" to own one of the area's "most recognizable and character-rich properties," the four-bedroom, three-bathroom dwelling was built in 1948 and began its life as a local motel.

In the 78 years since, the property has passed through several owners—including a noted Rockette, "according to local folklore"—before being turned into a private residence.

Now, it is ready for a new steward who is seeking either their own mountain sanctuary or a lucrative investment opportunity in the form of a short-term rental that is full to the brim with personality and intrigue.

While the property has been through many different phases, its most integral amenities have remained the same—namely its sensational views, elegant wooden interior, and stunning natural surroundings.

"The views of the waterfall and Chimney Rock are just spectacular and something that you can't re-create," said listing agent Mariah Leahy of Premier Sotheby's International Realty.

Found throughout the eclectic 1,784-square-foot interior are wood-clad walls, a two-story main living area with loft area above, and even a "motel" sign in a nod to its former life.

"It has a nice open but cozy interior that is very artsy," Leahy said. "A lot of the decor found in the home is about Chimney Rock. It's very cozy yet functional, which is hard to find in a property of this age."

Hickory Nut Falls has long been regarded as one of the area's most stunning natural assets and is located in a state park, which has helped to ensure the landscape remains untouched by development.

"Set amid mature trees with dramatic, up-close views of Chimney Rock and Hickory Nut Falls, the property delivers an immersive mountain experience that appeals equally to discerning travelers and everyday living," the listing crows.

The property's current owners have gone above and beyond to capitalize on the natural beauty that surrounds the home on all four sides, increasing the external entertaining areas to ensure that there are plenty of places from which the views can be enjoyed.

"The sellers built a massive pavilion-style covered deck, so you can sit outside and enjoy the views," she added. "It checks all of the boxes to be used as a primary or secondary residence, especially with its close proximity to town."

Other highlights found inside the lodge-style space include a living room with stone fireplace and vaulted ceilings, a separate dining area, and an updated kitchen with stainless steel appliances and custom cabinetry.

"The kitchen features a collection of hot sauces from around the country," Leahy said.

Located just one walkable mile from the downtown area with dining, shopping, and attractions, the shake-sided, trilevel residence would be ideally suited as an investment property.

It is also conveniently situated about 30 to 45 minutes from Asheville, should any commuters be looking for a more rural retreat away from the city.

"The home offers convenient living in stunning natural beauty, yet is close to all of the amenities you need," she added. "I think the next buyer will be someone who loves the outdoors and a rustic mountain lifestyle, or someone who is looking for an investment property."

It is currently being used as a primary residence but its retreat setting and reasonable price tag would be appealing to second-home buyers as well.

"The property is also minutes away from Lake Lure where parts of 'Dirty Dancing' were filmed," Leahy noted.

"The movie, 'The Last of the Mohicans,' was also filmed in Chimney Rock State Park. It's an amazing opportunity to buy a home like this with such a history and incredible views without having to spend $1 million."