1906 Pine Crest Inn - Tryon, NC
Historic Property in the Blue Ridge Mountains of North Carolina near Asheville | Preview: Thursday, Dec. 1st 1pm-4pm | Copy this link to view video of property: https://www.youtube.com/watch?v=0eYOyNvpH24

Real Estate Auction

of the

1906 Pine Crest Inn


Thursday, December 8th at 11:00am

Live Onsite with Online Bidding

85 Pine Crest Lane, Tryon, NC 28782


Preview: Thursday, December 1st, 1:00pm-4:00pm


Historic Property in the Blue Ridge Mountains of North Carolina near Asheville




Video of Property: https://www.youtube.com/watch?v=0eYOyNvpH24


The 1906 Pine Crest Inn is a bed and breakfast country inn and full-service bar and restaurant located in Tryon, NC on nearly 10 acres serenely located in the foothills of the Blue Ridge Mountains. The property is listed on the National Register of Historic Places, and features 37 rooms, suites, and cottages in eleven buildings, including a 260-year-old log cabin once frequented by F. Scott Fitzgerald and Ernest Hemmingway. All the accommodations have private baths and are individually decorated, most with natural gas fireplaces and many with jetted tubs.

The property also incorporates a modern two-story conference facility with three dedicated conference rooms and a service kitchen, making it perfect for group retreats, corporate meetings, or family reunions. The beautifully landscaped grounds include a gazebo and large lawn ideally suited for destination weddings and other outdoor events.

The restaurant, Carter’s Tavern & Wine Cellar, has a very large fully-equipped commercial kitchen, walk-in cooler, plus two dining rooms that will seat roughly 80 patrons and bar with full NC ABC licensing for beer, wine, and spirits.

The “Hidden Gem of Tryon” has been featured in Southern Living, Fodor’s, and Our State Magazine, and has won numerous awards including the AAA Four-Diamond Award, “Best Breakfast in the Southeast” by Inn Traveler, and the prestigious Wine Spectator “Best of Award of Excellence.”

Video: UNC TV NC Weekend Segment on 1906 Pine Crest Inn

The inn is only minutes from the Tryon International Equestrian Center, golf, tennis, mountain biking, fly fishing, and FENCE (Foothills Equestrian Nature Center), where there are miles of hiking and horseback riding trails. Nearby you will find the Blue Ridge Parkway, Biltmore Estate, dozens of waterfalls, as well as art galleries, quaint stores, and antique shops.

Tryon, NC is celebrating over 125 years as "The friendliest town in the South."

Tryon is located only four miles west of Interstate Highway 26 (Exit 67) on US Highway 176/NC Highway 108. Although a small community with an abundance of rural character, Tryon is within easy driving distance of many major population centers - Spartanburg, SC (30 miles), Greenville, SC (31 miles), Asheville, NC (45 miles), Charlotte, NC (88 miles), Columbia, SC (118 miles), and Atlanta, GA (191 miles). We like to think that Tryon is close enough to everything, but not too close for comfort.

Tryon is home to the Tryon International Equestrian Center & Resort (TIEC), which is the ultimate destination for all who love horses, outdoor living, and an active lifestyle. TIEC offers first-class facilities for equestrian events of all levels and disciplines. Located in the Blue Ridge Foothills of Mill Spring, NC, the competition experience is complemented by diverse onsite restaurants, a variety of shops, relaxing lodging getaways, family entertainment, and more.

Soure: https://tryon-nc.com



6% Buyer's Premium

10% Deposit Due Day of Sale



Keith Gunter, Auctioneer/Sale Manager

NCAL #685

Real Estate  - Onsite and online

Real Estate is subject to sale prior to the auction.

AS IS: The real property will be offered at public auction with live bidding onsite. All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects, or flaws. The buyer agrees to take the property in the condition existing. No representations or warranties, expressed or implied, concerning the property are made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction.

EASEMENTS and RIGHT OF WAYS: The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing.

ALLOTMENTS and MINERAL RIGHTS: Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title.

HOA, POA, and RESTRICTIVE COVENANTS:  The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any.

METHOD OF SALE:  The property will sell as a whole. The auction company has the sole discretion to determine the highest and winning bidders.

SURVEY:  The property will be sold subject to an existing survey, if any or the existing legal description.

PERK TEST: Perk test are the responsibility of the buyer and the contract is not contingent upon the soil having a satisfactory perk.

FINANCING: The sale is not subject to financing. Failure to close for ANY REASON WHAT SO EVER will result in the forfeiture of the deposit. NO EXCEPTIONS.

DEPOSIT REQUIRED AT AUCTION: Terms are for a deposit of 10% of the purchase price on site at the auction in cash.

PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract on site and submit their deposit.

NO CONTINGENCIES: The purchase and sale contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspection or any other contingencies.

AGENCY: Buyer will be asked to sign an agency disclosure form stating that buyer is aware that Rogers’ agents represent the seller. Rogers' agents represent the seller and the seller's interest in the transaction.

ENVIRONMENTAL:  There are not any environmental studies, phase 1, phase 2, or phase 3 studies for review. There are not any soil or water studies for review.

PERSONAL PROPERTY: Furniture, fixtures, and equipment are being sold with the Inn. All wine, spirits, and alcohol are NOT included in the sale of the real estate.

CLOSING: Closing is to take place not more than 30 days from the auction. TIME IS OF THE ESSENCE. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyers closing costs. . The deed paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers. Real estate taxes are pro-rated at closing.

BUYER'S PREMIUM: A buyer's premium of 6% is added to the last and highest bid to determine the contract purchase price. For example, if the high bid is $5,000,000.00, a buyer's premium of $300,000.00 is added and the purchase price would be $5,300,000.00

POSSESSION: Possession will be given at closing, subject to existing leases, if any.

ABSOLUTE/RESERVE: The final sales price is subject to a reserve, and approval by the United States Bankruptcy Court.

BID RIGGING: Bid rigging is a felony. Any attempt by bidders to chill the bid, agree with other bidders not to bid to attempt to lower the price is bid rigging. Anyone suspected of bid rigging will be asked to leave the auction site.

DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the live auction bidding increments.  

It is the duty of the bidder to present their bid to the auctioneer and not that of auction support staff, auction ringmen, auction bid assistants, or the auctioneer.

Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.

DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.

ONLINE BIDDING: You must register in advance by clicking on Register to Bid and agreeing to terms for online bidding including. The auction company may refuse to register anyone at its sole discretion.

TECHNICAL PROBLEMS: The auction company provides online bidding as a convenience for those that cannot attend the live auction. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company. The auction company reserves the right to extend bidding, delay bidding, continue with live bidding, or cancel bidding, without any notice to online bidders.

DEFAULT OR DELAY: If the buyer delays closing for any reason the buyer may be declared in breach of contract and will forfeit all deposits made. The buyer may be responsible for all cost to the seller or the auction company for subsequent resale.
The auction company reserves the right to reclaim and resale any assets not paid for by the online buyer. Should the resale price be lower than the defaulted buyer's price, Seller and/or Auction Company reserves the right to seek the difference from the initial online buyer. All fees for collection, court fees, or attorney fees will be the responsibility of the original buyer that caused the default. All sales are final. No refunds are given.

PURCHASE CONTRACT: Online bidders are required to submit an executed Real Property Auction Purchase and Sale Contract along with the deposit within 24 hours of the close of the auction.

DISPUTES: Any disputes that arise between the auction company, the seller, the seller's agents and the buyer will be dealt with by arbitration in Surry County, North Carolina.

DISCLAIMER: The auction company provides data, advertising, maps, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise or real property sold online. Buyer agrees that buyer may not cancel purchase for any reason.

The bidder agrees to all terms and conditions of the auction and should read the detailed terms.

LICENSES: NC Firm #685, VA Firm #2, SC Firm # 1874

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This form is for Auction or Real Estate Inquiries. Completion of this form will not register you for this auction.