165 Old Waterfall Rd, Murphy, NC 28906
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Property image
OFF MARKET

165 Old Waterfall Rd
Murphy, NC 28906

  • 2 Beds
  • 2 Baths
  • 1,453 sqft (on 10.70 acres)

$480,000

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $2,738/mo*
Refinance Your Home

$480,000

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $2,738/mo*
Refinance Your Home
2 Beds
2 Baths
1,453 sqft
(on 10.70 acres)

Home Value

Trulia Estimate
$480K
Since last month
Decreased$4K (-0.7%)
Since last year
Increased$23K (+5.1%)
Since last sale
Increased$105K (+28.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +66% in the last 10 years
MonthEstimated value
2026
August 2026$480K
July 2026$484K
June 2026$480K
May 2026$486K
April 2026$485K
March 2026$472K
February 2026$472K
January 2026$460K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
175 Wilderness Lake Dr, Murphy, NC
0.45
Single-Family Home
$430,000
10/01/25
2
2
3,646
565 Cross Creek Ln, Murphy, NC
0.13
Single-Family Home
$105,000
01/05/26
1
1
836
2231 Camp Creek Road, Murphy, NC
0.87
Single-Family Home
$150,000
05/07/26
3
2
1,920
265 Iron Stone Lane, Murphy, NC
1.04
Single-Family Home
$377,500
03/20/26
2
2
1,240
508 Wilderness Lake Cir, Murphy, NC
0.60
Single-Family Home
$635,000
07/09/26
3
2
-
505 Nature Valley Trl, Murphy, NC
1.30
Single-Family Home
$766,300
10/14/25
3
4
2,822
1025 River Hill Road, Murphy, NC
1.49
Single-Family Home
$310,000
09/04/25
2
1
899
3591 Morrow Rd, Murphy, NC
2.10
Single-Family Home
$124,402
05/26/26
2
1
2,221
140 Newman Rd #B, Farner, TN
2.35
Single-Family Home
$538,000
08/14/26
3
3
1,736
922 Liberty Cir, Murphy, NC
2.33
Single-Family Home
$325,000
07/17/26
3
3
2,764

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
119 &165 Old Waterfall Road, Murphy, NC 28906
0.03
$447,700
3
2.5
1,914
Off Market
Owassa Rd, Murphy, NC 28906
0.08
-
-
-
-
Off Market
Tbd Owassa Rd, Murphy, NC 28906
0.07
-
-
-
-
Off Market
5 acres Owassa Road 3 lot, Murphy, NC 28906
0.13
-
-
-
-
Off Market
000 Berry Patch Road LOT 2-8, Murphy, NC 28906
0.13
-
-
-
-
Off Market
144 Camp David Rd, Murphy, NC 28906
0.09
$420,200
2
3
2,201
Off Market
000 Berry Patch Rd, Murphy, NC 28906
0.15
$299,900
-
-
-
For Sale
1215 Owassa Road, Murphy, NC 28906
0.15
$457,800
3
4
2,458
Off Market
00 Cross Creek Lane, Murphy, NC 28906
0.20
-
-
-
-
Off Market
Lot 1 Berry Patch LOT 1, Murphy, NC 28906
0.24
-
-
-
-
Off Market
TBD Owassa Road, Murphy, NC 28906
0.29
-
-
-
-
Off Market
23 Wilderness Lake Circle LOT 23, Murphy, NC 28906
0.32
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 165 Old Waterfall Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1981
Lot Size
10.7 acres
Living Area
1,453 sqft
Price/Sqft
$330
Parking
Garage

About this House

Easy access and extraordinary privacy with your exquisite estate includes your Main home, Guest cabin (see below), oversized 2 bay garage and single bay workshop, a DREAMY front lawn with picturesque pond complete with footbridge and dock. The Main homestead is a unique log home with full basement that combines both character and modern conveniences. Master Suite on main, open great room and loft for a birds eye view. Camp Creek runs along some of the property boundary. SEPARATE GUEST HOUSE (not included in property fields) privately tucked away. Overlooks property and pond. Complete with 1bed/1bath, 624sf, split unit and Wood Burning FP, separate well and septic with oversized carport. Contact us for Listing Portfolio with hundreds of photos, virtual walk throughs, aerials, and more!
165 Old Waterfall Rd, Murphy, NC 28906 is a 2 bedroom, 2 bathroom, 1,453 sqft single-family home built in 1981. It last sold for $374,800 on Sep 27, 2022. It is currently off market. The Trulia Estimate is $480,000, with a rent estimate of $1,848/month.

Home Details for 165 Old Waterfall Rd

Interior Features

Interior Details
BasementTypes of Rooms: Loft
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: WoodFoundation Type: Footing
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

Year Built
Year Built: 1981
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Lot Information

Lot Area: 10.70 acres

Price and Tax history

DateEventPrice
Sep 27, 2022
Source: Hive MLS #98510801
Sold
$374,800
Aug 26, 2022
Source: Mountain Lakes BOR #142252
Pending
$374,800
Aug 16, 2022
Source: Mountain Lakes BOR #142252
PriceChange
$374,800
Price decreased by 32%
Aug 15, 2022
Source: Mountain Lakes BOR #140800
Pending
$549,800
Aug 4, 2022
Source: Mountain Lakes BOR #142252
PriceChange
$374,800
Price decreased by 32%

Market trends in Murphy

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$308K
$5KMoM
Sale-to-List Price
96.2%
1.3%MoM
Price per sq ft
$199
$3MoM
Available listings
357
8MoM

Around this home

What Locals Say about Murphy

At least 80 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 83 % Say there's wildlife

  • 80 % Say yards are well-kept

  • 76 % Say parking is easy

  • 76 % Say it's quiet

  • 73 % Say there's holiday spirit

  • 64 % Say they plan to stay for at least 5 years

  • 63 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 55 % Say it's dog friendly

  • 39 % Say kids play outside

  • 31 % Say there are community events

  • 22 % Say streets are well-lit

  • 20 % Say it's walkable to restaurants

  • 19 % Say there are sidewalks

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Liza G Ovington
    "Not sure but it seems like there are lots of places to take your dogs on leash. Although many of the roads have no shoulder"
    1
    Flag
  • Bigliz14
    "Great place to live and raise a family . People are friendly and atmosphere in this town is fantastic "
    0
    Flag
  • Trulia User
    "A little congested but roads are kept clean and safe in the winter the roads are well maintained. I would recommend living in Murphy "
    0
    Flag
  • Mary Obryan
    "No this is a rural area with no public transportation. There is no need for it generally speaking. There is a community transport that will pick up people at their homes I believe."
    0
    Flag
  • Laurence Wood
    "Good schools a growing town with opportunities for all! Every day is like vacation with all the amazing places to go to!"
    2
    Flag
  • Laurence Wood
    "No traffic jams Service people are slow to come out but it’s part of the slower pace of life we enjoy "
    1
    Flag
  • Laurence Wood
    "A fast growing town and you need to expect long drives for services and stores. Medical care is difficult to find close by. We love our town and get upset when new residents try to change our culture "
    0
    Flag
  • Barbara Ratterree
    "Country living. People are private but willing to help others. Most homes around me are homesteads or farms. "
    1
    Flag
  • KatieB
    "Most people don’t walk their dogs they let them run loose or keep them fenced, those who do walk their dogs are usually friendly and always say hello! "
    1
    Flag
  • Irving R.
    "vehicle is a must have commodity to get around when you live out of the town city limits. Unless you like to walk or ride a bike. They're are few other drawbacks as well. Communicating by cell phone is not very good around the countryside, lacking cell towers. This is a problem, even trying to get on the internet. Somedays are better than others but still we have poor reception. Other than that we have the beautiful outdoors. We can enjoy going to the national forest for hiking, camping, hunting, fishing or just driving around the back roads and enjoy scenery as well as wildlife. Living outside the city's limit might have it's drawbacks but you take the good and the bad as it comes and make the best of it."
    0
    Flag
  • Kristyleew49
    "Love Murphy! The people, the mountains, the town are all amazing! No attitudes, just good people looking out for each other!"
    0
    Flag
  • Michelle R.
    "We just stay socialized with each other and van together when necessary. The kids are what keeps the community a whole. "
    0
    Flag
  • Michelle R.
    "We all ban together and make it about the kids. Lots of summer fun. When problems arise within the community we solve together as a team until things are fixed. "
    1
    Flag
  • Mesa2617
    "Live music at local pub and restaurants. Friendly staff is several local stores and restaurants. The town of Murphy felt really welcoming. "
    1
    Flag
  • Errol D.
    "Very beautiful place to live and quiet, very kid friendly. I been here for some years really nicely place to be "
    0
    Flag
  • TiffanyTabor
    "we need some really nice dog parks! People need to be more accountable for their dogs! There us no place to take to your dog where they can run, swim and play safely!"
    0
    Flag
  • Kimkoogler
    "I've lived here for 7 years. I love every beautiful road. mountain views, lake views, great food. it's a beautiful place to live."
    0
    Flag
  • Pprzonek
    "the beautiful mountain views, the wonderful change of the seasons.The small city feel and how nice the people are to each other"
    30
    Flag
  • Gloria Geringer
    "I like it because it's quite. No lights outside, except for what's on the house and carport. What I don't like is everyone's dogs run free. I take mine out on a leash."
    5
    Flag
  • Cindyandchuck
    "Concerts, yard sales, boat and golf cart parades, fireworks with live music. Tennis, pool and marina"
    9
    Flag
  • Bsfrazee
    "Every one knows every one. People watch each others place when they are out of town or checks in on one another if your sick. I have vacationed here for a few years now staying with friends but now would love to own a piece of paradise !!!"
    0
    Flag
  • NolaR
    "One Neighbor has a hostile dog. I don't feel safe walking by his house. There is still enough areas to walk your pet."
    0
    Flag
  • Jjoachiltz
    "There is no leash law here so watch your children and your pets closely!! Our dog was attacked and killed by 2 dogs in our neighborhood. There was nothing we could do about it. "
    0
    Flag
  • Steve B.
    "Murphy, NC is a small community with all the basics (yes, including Walmart). There is a lot to do or you can relax and enjoy the beauty of the mountains. Winters are NOT harsh, however, you will need warm clothing. You can enjoy the wildlife from your back deck or walk the many trails throughout the county. Although Murphy will have a Casino come the Summer of 2015; it will have little impact on the quality of life."
    0
    Flag
  • Wendy B.
    "It only mentions one high school but we have TCEC which is the best school in N.C.! Your kid will graduate with all honors AND an associates degree! Best place to raise a child EVER! Safe, peaceful place!"
    0
    Flag
  • Wendy B.
    "I live here and think Murphy and surrounding areas are heaven on earth. Beautiful, friendly, amazing environment to raise your kids! 9th grade up offers TCEC, a small FREE high school that will have your child graduate with honors AND and Associates Degree! Loving teachers! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 165 Old Waterfall Rd

  • What is 165 Old Waterfall Rd estimated to be worth?
    Trulia's estimated value for 165 Old Waterfall Rd in Murphy, NC is $480,000.
  • What is the price history for 165 Old Waterfall Rd?
    165 Old Waterfall Rd in Murphy, NC last sold for $374,800 in September 2022.
  • Is Murphy a buyer's or seller's market?
    Murphy is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Murphy?
    The median sale price in Murphy is $308K. That is down $5K from the prior month.
  • Does 165 Old Waterfall Rd have laundry facilities?
    Yes, 165 Old Waterfall Rd in Murphy, NC has in-unit laundry.
  • How big is the lot at 165 Old Waterfall Rd?
    The lot at 165 Old Waterfall Rd in Murphy, NC is about 7.4 acres.

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