Best Options For Developing 5 Acres of Land In North Carolina?

[Gil Happy]

Hello,

In the future, we will be inheriting a plot of 5 acres in the mountains (Smoky Mountains) of Bryson City, NC (Swain County). Currently on the property, sits a single trailer (mobile home). We are trying to determine the best method to generate real estate income for this land in the future. We haven't checked with the county yet with regards to zoning, etc, but are thinking there are 3 or 4 possible options (but are open to hearing any other suggestions).

Assuming the property can be subdivided into smaller plots, e.g. 1 acre, etc:

- Build 5 small VRBO / Airbnb homes to rent out to tourists (I would need to check on short term rental ordinances before going down this path).

- Build 5 small single family homes to use as long term rentals.

- Purchase and install 4 more mobile homes (for a total of 5) and rent out all 5 units for passive income.

- Create a small mobile home park, i.e. create / install 4 additional pads or spots for mobile homes and allow tenants to BYOT (bring your own trailer) 😊

This property sits about a 13 minute drive from downtown Bryson City and has a river / creek flowing through it. Also, this area where the property sits is not a wealthy area in terms of income and has other mobile homes in the area. Here are some demographics for Bryson City which is small tourist town:

- https://bit.ly/3vNmKY7

Any suggestions as to what to do with the property is greatly appreciated.

Thanks in advance!

[Gennaro Coscia]

@Gil Happy

I love the idea of creating a MHP out of it. But I would be shooting for more like 20-25 mh for 5 acres... the wells & septics will need to be factored in. That might limit how big the park can be. That’s exciting! Good Luck!