Incredible 52+ acre waterfall property between Black Mountain and Lake Lure! There are 3 gorgeous waterfalls and swimming holes that would rival anything you would see in nearby national forests. Flat Creek is the named stream that runs through the property and is home to rainbow and brown trout. Prior to Helene, the house was renovated and operated as a successful vacation rental. The storm damaged the lower level, and it is scheduled for removal by Buncombe County. The most likely build sites on the property are located on the southeast section of the parcel, where you enter the property. With some grading and new roads, additional building sites are accessible (with amazing view potential). Let your imagination run wild with new hiking trails, fishing adventures, picnic spots, and more! OPEN USE ZONING! There is a hiking trail that runs up the east side of the stream to the top of the property, with a steep side trail that provides access to the upper waterfall. Land has 2 access points; the SE corner and a right-of-way on the west side via a culvert over a small tributary (but the bridge is gone). See Virtual Tour for video/survey. Map of property showing the main features is available from agent. The adjoining parcel to the west is also on the market (See MLS 4325345; Buncombe County PIN: 0625-06-0575-00000). This property offers another 123+ acres, a gravel road to a level build site, trails, and rock outcroppings. Combining both of these properties would create a beautiful estate unlike any other in Western North Carolina! With both properties, there are countless opportunities for hunting, recreation, and additional trail building!