SPRUCE PINE, N.C. (April 9, 2026) — A 68-acre equestrian estate in Mitchell County has sold for $4,100,000, marking the highest residential sale on record in the county. The property at 1987 Rabbit Hop Road was represented by Leslie Young and Cheryl Cenderelli of Premier Sotheby’s International Realty’s Asheville office. The sale establishes a new benchmark for pricing in Mitchell County, where transactions above $3 million have historically been limited, signaling growing demand for large-scale land holdings and private estates in Western North Carolina. Set on 68 acres, the property offers a rare combination of luxury residential living and fully developed equestrian infrastructure, along with more than 4,500 feet of frontage along Big Crabtree Creek, including a natural waterfall. Originally developed as a private equestrian compound, the estate includes a main residence, a six-stall heated barn with tack room and studio apartment, a covered indoor riding arena, outdoor riding track, RV and horse trailer storage and multiple fenced pastures. The main residence features approximately 3,000 square feet of living space with three bedrooms, expansive mountain views and vaulted wood ceilings, designed to capture the surrounding landscape. Interior spaces include a chef’s kitchen, stone fireplace and direct access to outdoor living areas oriented toward the views. Located at elevations between 2,500 and 3,000 feet, the property offers year-round mountain vistas and direct access to the Blue Ridge Parkway, while remaining within reach of Asheville and regional equestrian destinations. QUOTES: “This sale reflects a growing segment of buyers seeking privacy, land and fully developed equestrian facilities in Western North Carolina.” “Properties of this scale and quality are extremely limited, particularly those with water features and established infrastructure already in place.” - Leslie Young and Cheryl Cenderelli, global real estate advisors with Premier Sotheby’s International Realty’s Asheville office. About Premier Sotheby’s International Realty Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,200 real estate professionals in 40 locations throughout Florida and North Carolina. Premier Sotheby’s International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. The brokerage was founded by The Lutgert Companies, a prominent member of Southwest Florida’s business community since 1964, and is proudly associated with Peerage Realty Partners. For more information, visit premiersothebysrealty.com.
