Three occupied residential units. An active boarding operation. A 60×144 indoor arena two miles from one of the top equestrian venues in the Southeast. This property generates revenue from day one — and it's structured to generate significantly more.
The Lodge and The Barn each include fully independent living spaces that have operated as long-term rentals with established tenants. A buyer inherits an active rental base from closing day.
Above the three-car garage at The Lodge. Private entrance, full kitchen, full bath, laundry. An adjacent second bedroom with walk-in closet and private bath is separated by a fire door with deadbolt — the owner decides whether it rents as a 1BR or 2BR. No renovation required.
Full ground floor of The Lodge. Private entrance, separate kitchen and laundry. Operates independently from the main residence above.
3BD/2.5BA, 1,721 sqft barn residence at The Barn. Full-size home. Private, self-contained. Currently leased as a long-term rental.
The Tryon International Equestrian Center draws competitors, trainers, and families from across the country for seven months a year. Properties within 20 minutes command a meaningful premium during show weekends — and Stout Stables sits two miles from the gate.
Comparable short-term rentals in the Columbus/Tryon corridor — cabins, guest cottages, and guest houses within 5–15 minutes of TIEC — currently list at $150–$250/night on Airbnb and VRBO. Premium equestrian properties with on-site amenities command the top of that range and beyond during show weeks.
The Studio (top floor) and Guest House are already configured for independent occupancy. The Studio can operate as a 1BR or 2BR depending on how the fire door is set — no renovation, no contractor, just a key turn. Converting either unit to short-term rental requires no structural work.
A new owner who operates either unit seasonally during TIEC's April–October calendar is looking at a materially different income profile than the current long-term tenancy produces.
The Barn operates as a functioning boarding facility with an established reputation in the local equestrian community. Boarding income scales with the level of service offered — from a dry stall rental where the owner handles daily care, to full board with professional training included.
Western NC averages significant rainfall from June through September — exactly when TIEC show season is at peak. Trainers and competitors who need covered practice space have limited options in the corridor. A 60×144 indoor arena with professional footing, LED lighting, and a climate-controlled viewing room is a purpose-built venue for exactly this demand.
Arena rental revenue can be structured multiple ways: hourly haul-in fees for individual riders, exclusive day rentals for clinicians, or hosted multi-day events. Clinicians running weekend workshops at TIEC regularly seek off-site practice venues for the days surrounding their main event.
This isn't a speculative opportunity — it's an established revenue model used by comparable facilities throughout the region. The infrastructure is already in place. A new owner decides how aggressively to pursue it.
Not as a commercial venue — as a natural extension of what this property already is: a gated estate with a covered arena, lodge accommodations, and mountain backdrop that works for events at scale.
The property has hosted private events including weddings and community programs — a natural fit for an estate of this scale with a covered arena, gated entry, and lodge accommodations on-site. Event programming is an option a new owner can pursue, continue, or leave aside entirely.
Stout Stables is structured the way income properties should be — no single revenue source is the whole story, and each one operates independently of the others.
Three occupied units with no vacancy history. Operates with or without an equestrian program. A buyer who converts to a private residence keeps the boarding income without the residential tenants, and vice versa.
12 stalls, established clientele, known reputation in the local equestrian community. Can be operated as-is, scaled up with additional staffing, or wound down based on the new owner's preference.
Haul-in fees, clinics, and day rentals require no significant capital investment. The infrastructure — footing, lighting, viewing room, climate-controlled amenities — is already built.
Two units are purpose-suited for TIEC season short-term rental at rates that significantly outperform long-term tenancy. No structural changes required to access this market.
Under North Carolina General Statute § 105-164.13E, horse boarding operations qualify for sales and use tax exemption on farm inputs. That's feed, fuel, barn electricity, farm equipment, building materials for animal enclosures, and repair and maintenance services — all purchased tax-free.
The exemption certificate is tied to the owner, not the parcel. It does not transfer with the sale.
However: a buyer who continues to board horses qualifies to apply for their own certificate immediately. Horse boarding is explicitly named as a qualifying activity in the statute. A buyer with no prior farm income can apply for a Conditional Exemption on day one — valid for 3 years while the income history is established.
Cite: NCGS § 105-164.13E(a) — "A qualifying farmer includes … a person who boards horses." Verified against NC DOR guidance, current as of 2025.
Qualified buyers receive full financial detail — current lease rates, operating history, and a pro forma — under NDA. Reach out directly to start that conversation.