Prospect Hill Bed & Breakfast Inn (TN)

Mountain City, TN   Offered for sale at $565,000

ARCHITECTURE: Imposing house on the hill was handcrafted, architect designed for a Civil War major, finished in 1889. 3 stories. 100-year metal roof. 10 fireplaces. Handmade brick exterior with renovated mill work. All intact interiors.

GUEST ROOMS: 5 large guest rooms each with private baths. All hardwood floors throughout, all original mill work, doors, hardware. Eclectic, traditional furnishingsincluded in sale.
ROOM TYPES: 1 king, 4 queens. 3 whirlpool tubs, 1 claw-footed tub+shower stall, one shower only. All have TVs. Wifi.

FOR THE OWNER: Third floor owner's quarters. 900+ sq.ft. 1BR/1BA/walk in closetS with space for another 1BR/1BA or sitting rooms, office(s) or storage.

PUBLIC SPACE (main house): Two foyers, upstairs foyer, three porches. Parlor with three-state view, dining room with built-in china closet, large kitchen, pantry.

MEETING/WEDDING VENUE PUBLIC SPACE: 1500 sq.ft. tiled party room with vaulted ceilings, real walnut woodwork, custom lighting and fans, mountain views to garden & Doe Mountain. Inn office and check in counter. Gift shop in renovated ice/cold room. Foyer/gallery entry/coffee bar with microwave for guest use and secondary kitchen for caterers. Two half-bath restrooms, storage closet. Tables, chairs, linens, china included.

TWO KITCHENS: B&B kitchen includes Crown Point custom oak cabinets, gas & convection stove, 3 sinks. Certified TN B&B kitchen. #2: "Catering kitchen" next to party room: all appliances, cabinets, stainless prep table, dishes, flatware for 60. This kitchen built to meet code for a catering or restaurant kitchen.

STORAGE: 3rd floor - bulk storage. 2nd floor--linen room with hand sink 1st floor--2 coat/storage closets, over-sized laundry room with sink, to ceiling shelves, W/D. B&B kitchen has walk in pantry. Party room has large closet.

PARKING: Three lots with total capacity of 25 on paving. Driveway is paved to street. Property includes additional lot (flat) where additional parking could be located.

GUEST PROFILE: Romantic getaway. Nature lover's getaway.Meetings and retreats. Onsite weddings (elopements and smaller weddings), honeymoons, anniversaries, birthdays. Business travelers.

NEIGHBORHOOD: Main artery 2-lane, 1/4 mile to downtown. Neighbors: health dept., medical building, church. Behind: covenant restricted single family neighborhood.

TOPOGRAPHY: House sited on hill with views in every direction. Mountains, sunrises, sunsets

ACTIVITIES NEARBY: Mountain biking, ATV in wilderness park (Doe Mountain), Appalachian and Virginia Creeper Trails, fishing/boating on Watauga Lake. Skiing 40 min. away. Bristol NASCAR 32 mi. Barter Theater 35 min. Boone, NC, Appalachian State, 19 mi.

LICENSE AND TAXATION: No state-levied personal income, low vehicle taxes, modest property taxes. Property is a fully licensed bed and breakfast per Tenn. law. Restaurant/catering license possible in kitchen #2.

OUTBUILDINGS/YARD: Summer kitchen building--utilities laid for future development. Smoke house--used as garden shed. Woodworking building--needs upgrades (solid oak). Corn crib. Remote carport. 1999 shed with electricity (workshop, garden tools, secure storage).

All information to be verified by buyer/buyers agent.

This property is being offered by:
Ace Realty
202 W Main St
Mountain City, TN 37683

Listing Agent
Adam Johnson
Cell: 423-213-3304
Office: 423-727-5554

Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1887
  • Last Renovated in 2014
  • Opened in 1999
  • Building is 5,481 SQFT
  • Lot is 2.97 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $565,000
  • Terms: Operating B&B.
Contact Information