Nestled just beyond downtown, on a sprawling 35-acre estate, stands a piece of history with endless potential. The land, rich with heritage, once belonged to the esteemed Farmer family, known for their long-standing ties to the community and credited with founding the town of Bailey. Located directly across the road from The Country Doctor Museum, this stately property awaits the writing of it's next chapter. Originally built in the early 1900's, the 3,000 square foot residence exudes character and charm. Offering five bedrooms and three full baths, the home's storied history is evident from the vintage chandeliers and five fireplaces—four wood-burning and one original coal fireplace—spread throughout the dwelling. The current owners have made some great updates, like modern plumbing, electrical, HVAC systems and fixed the original slate roof while keeping that historic feel. The estate also includes a generator and the refrigerator, washer, and dryer convey with the sale, adding to the convenience of this historic home. Characterized by its original woodworking details and hardwood floors the house presents an incredible opportunity for those eager to breathe new life into its walls. The unfinished basement offers additional space for customization and expansion. Complementing the main house are a detached garage and a magnificent barn, complete with horse stalls and a hay loft that provides breathtaking views of the property. The estate is bordered by a picturesque creek, enhancing the sense of tranquility and providing a natural boundary. The land itself is a canvas of opportunity. With 27 acres planted with pine trees ready for timber harvesting, the potential for income is abundant. Whether envisioned as a farm, large homestead, or an event space, this property's versatile zoning under Nash County regulations provides flexibility for your dreams.