$865,000

1280 Cathey Cove Rd Waynesville, NC 28786

Estimated payment $5,063/month

Total Views 5,549
3 Beds
7 Baths
4,995 Sq Ft
$173 Price per Sq Ft

Highlights

  • Spa
  • Sauna
  • Mountain View
  • Bethel Elementary Rated A-
  • Open Floorplan
  • Deck

About This Home

Perched at what feels like the top of the world, this one-of-a-kind mountain masterpiece offers jaw-dropping, million-dollar views that stretch endlessly across the Blue Ridge. Every inch of this extraordinary home radiates uniqueness, with stunning architectural features that create a magical, almost storybook-like retreat. The main level showcases a dramatic open floor plan with a circular wall of windows that immerses you in the panoramic landscape, a large living room & dining area, a chef’s kitchen, and a dreamy primary suite A separate guest wing features its own living room, kitchen, dining area, and 2nd primary suite with private deck access. The lower level adds two bonus rooms, a rec room, and an infrared sauna. Multi-level decks to soak in the views, a hot tub, and a 2-car garage complete this rare find. Ideal as a show-stopping STR with a proven track record or private escape. Just minutes to Canton & Waynesville —but it feels like a world all your own.

Listing Agent

Marie Reed

Keller Williams Professionals Asheville Brokerage Email: Marie@MarieReedTeam.com License #244191 Listed on: 04/21/2025

Keller Williams Professionals Asheville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Private Lot
  • Wooded Lot

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Driveway
  • 4 Open Parking Spaces

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Sauna
  • Mountain Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Garden Bath

Finished Basement

  • Interior and Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Spa
  • Deck
  • Wrap Around Porch

Additional Homes

  • Separate Entry Quarters

Schools

  • Bethel Elementary And Middle School
  • Pisgah High School

Utilities

  • Heat Pump System
  • Propane
  • Septic Tank

Community Details

  • Spring Valley Poa, Phone Number (770) 314-6841
  • Spring Valley Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 8635-88-6450

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$45 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Year Built: 2004
  • Restrictions: Subdivision
  • Special Assessment Yn: 1
  • Special Assessment Description: $2100 over next 3 years for repaving roads. Last payment due in August of 2025
  • Second Living Quarters: Interior Connected,Separate Kitchen Facilities,Separate Living Quarters
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 173.17
  • Geocode Confidence: High
  • Attribution Contact: Marie@MarieReedTeam.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Garden Tub, Open Floorplan, Sauna, Storage, Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2968
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 158
  • Sq Ft Unheated Total: 158
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Double Oven, Gas Range, Refrigerator, Washer/Dryer
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 2968
  • Has Basement: Basement Garage Door, Daylight, Exterior Entry, Finished, Interior Entry, Storage Space
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 2027
  • Living Area: 4995
  • Bedroom Main: 2
  • Room Count: 21
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Year Round
  • Waterfront Features: None
  • Exclusions: Underground leased propane tank
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Deck, Rear Porch, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 784
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Basement, Driveway, Attached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Heat Pump
  • Utilities: Propane
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 540
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Spring Valley POA
  • Phone: 770-314-6841
  • Association Email: springvpoa@gmail.com

Association/Amenities

  • Association Annual Expense: 540.00

Schools

  • Middle Or Junior School: Bethel
  • HOA Subject To: Required

Lot Info

  • Lot Features: Private, Wooded, Views
  • Lot Size Area: 3.05
  • Lot Size Units: Acres
  • Parcel Number: 8635-88-6450
  • Plat Book Slide: CabC/3322
  • Horse Amenities: None
  • Additional Parcels: No
  • Zoning Specification: none

MLS Schools

  • Elementary School: Bethel
  • High School: Pisgah

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $499,200 $74,800 $424,400
2024 $3,379 $499,200 $74,800 $424,400
2023 $3,329 $499,200 $74,800 $424,400
2022 $3,254 $499,200 $74,800 $424,400
2021 $3,254 $499,200 $74,800 $424,400
2020 $2,735 $384,500 $56,100 $328,400
2019 $2,740 $384,500 $56,100 $328,400
2018 $2,740 $384,500 $56,100 $328,400
2017 $2,702 $384,500 $0 $0
2016 $2,649 $387,600 $0 $0
2015 $2,649 $387,600 $0 $0
2014 $2,481 $387,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $865,000 +12.3% $173 / Sq Ft
09/03/2021 09/03/21 Sold $770,000 +1.4% $164 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $759,000 +112.3% $162 / Sq Ft
09/22/2014 09/22/14 Sold $357,500 -10.6% $76 / Sq Ft
08/23/2014 08/23/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $399,900 -- $85 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $770,000 None Available
Warranty Deed $357,500 None Available
Deed $35,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $539,000 New Conventional
Previous Owner $300,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4249357

Canopy MLS (Canopy Realtor® Association)

APN: 8635-88-6450