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Magnolia House 204 Lawson St 3 Room Hotel Hot Springs, NC 28743 $1,795,000 ($598,333/Room)
Executive Summary
The Magnolia House is a renowned, historic mountain estate, tucked away in privacy on 3 acres of beautifully curated gardens amidst majestic, old growth trees & breathtaking mountain views. Previously managed as a B&B for 24 years & revived in 2021 as a destination wedding venue, event space & luxury vacation rental and would be an amazing private residence. The property is a private gated sanctuary situated in the heart of Hot Springs and safely above any flooding risk. Offered fully furnished, the vintage modern Manor features 7BR’s, 6BA’s, 2 half BA, a commercial kitchen, multiple outdoor porches & pavilion. The quaint town of Hot Springs, known for its natural healing mineral waters at the Hot Springs Spa, the main street being the Appalachian Trail, offers restaurants, brewery/taqueria, wood fired pizza, Deli, galleries, mtn. outfitters, library, hiking, rafting, flyfishing & National Forest! A beautiful and magical place to live! (Adjoining the Magnolia House, the Garden House may also be purchased with its magical cottage garden, 3BR’s/2BA's, spacious kitchen, living & dining rooms + outdoor hot tub.)
Property Facts
| Price | $1,795,000 | Building Size | 5,238 SF |
| Price Per Room | $598,333 | No. Rooms | 3 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1868/1990 |
| Property Subtype | Hotel | Parking Ratio | 1.53/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.12 AC | Opportunity Zone |
Yes
|
| Zoning | R-A - Zoning variance for event venue | ||
| Price | $1,795,000 |
| Price Per Room | $598,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.12 AC |
| Building Size | 5,238 SF |
| No. Rooms | 3 |
| No. Stories | 3 |
| Year Built/Renovated | 1868/1990 |
| Parking Ratio | 1.53/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | R-A - Zoning variance for event venue |
Amenities
- Wedding Venue
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $790.00 | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,077,333 | |
| Land Assessment | $110,840 | Total Assessment | $1,188,173 |
Property Taxes
Parcel Numbers
Land Assessment
$110,840
Improvements Assessment
$1,077,333
Total Assessment
$1,188,173
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Mountain Home Properties
Magnolia House | 204 Lawson St
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