$3,400,000
( )
 $18,252 est/mo Sourced by Back At You

400 Harbor Cove Lane,Murphy, NC 28906

Murphy, NC 28906

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Description

Rare opportunity on Lake Hiwassee to own a thriving full-service marina with unlimited potential! This successful waterfront marina features 60 covered boat slips, providing exceptional protection and convenience for boat owners. The property includes extensive dry storage for boats and trailers, a fuel pump station, and several rental boats that convey with the sale, creating multiple income streams from day one. Property has also been permitted for an additional 30 docks and floating store. What truly sets this offering apart is the additional 37.93 acres of access property included in the sale. With expansive shoreline and breathtaking water views, the possibilities are endless. Build your dream private lakefront estate, create a luxury waterfront community, develop vacation rentals, or expand the marina operation. You can develop the 37.93 acres into homesites and guarantee a boat slip with every home site. The combination of an established income-producing business and substantial development acreage makes this a one-of-a-kind investment opportunity. If you ask most people what they want from a mountain lake, they'll describe Lake Hiwassee perfectly without ever having been here. They want clear water, forested hills rising directly from the shore lake. Just the mountains, and the sound of water. Lake Hiwassee is that lake. With 93% of its shoreline controlled by U.S. Forest Service, it is one of the most pristine and permanently protected bodies of water in the entire eastern United States. Whether you're an investor, developer, or entrepreneur seeking a premier waterfront property, this exceptional marina offers the perfect blend of current cash flow and future growth potential. Don't miss your chance to own a landmark lakefront destination with endless possibilities.

Details

MLS #10785190
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Year2024
Days On Site143
Listing Provided ByRE/MAX Town & Country | Bonnie Dupree

Features

ZoningNone
Acreage37.93
Water FrontYes

Interior

CoolingOther
Cooling Yes / NoYes
HeatingOther
Heating Yes / NoYes
InclusionsInventory

Exterior

Lot FeaturesInterior Lot
Construction MaterialsOther

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesOther

Utilities

UtilitiesOther
SewerOther

Taxes

Tax Annual Amount3803.9
Tax Year2026

Area Information

StateNC
CountyCherokee
CityMurphy
Zip Code28906
AreaCherokee
Listing VS Median (in 28906)
Price:
$3,400,000
low | high
Med:
$399,900
100% of Average
On site:
143
low | high
Med:
89
100% of Average
Sourced by Back At You

Market Activity 28906

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Learn More About This Property

StateNC
CountyCherokee
CityMurphy
Zip Code28906
AreaCherokee
Listing VS Median (in 28906)
Price:
$3,400,000
low | high
Med:
$399,900
100% of Average
On site:
143
low | high
Med:
89
100% of Average
Sourced by Back At You
Listing Updated: October 28, 2026 at 6:37:07 PM PDT