$739,000
$10K PRICE DROP

186 Grayling Dr Cullowhee, NC 28723

Estimated payment $4,335/month

Total Views 3,200
3 Beds
2.5 Baths
1,948 Sq Ft
$379 Price per Sq Ft

Highlights

  • Water Views
  • Deck
  • Screened Porch
  • Open Floorplan
  • Arts and Crafts Architecture
  • Walk-In Closet

About This Home

Exquisite Riverfront Property With Premier Rental Opportunity. This like-new Arts & Crafts masterpiece in the Cullowhee River Club Community blends luxury craftsmanship with investment potential. The grand living room boasts soaring vaulted ceilings, exposed wood beams, and a stunning gas fireplace with a custom mantel. A chef’s dream kitchen features high-end granite counters, premium appliances, and beautiful cabinetry. Elegant lighting and recessed fixtures elevate the ambiance throughout. The primary suite on the main offers deck access, a walk-in closet, and a spa-like bath with dual sinks and a custom-tiled shower. Two additional bedrooms and a full bath upstairs ensure ample guest space. Unparalleled outdoor living includes a sprawling screened-in deck and a riverside fire pit. This is a rare opportunity to own a high-end mountain getaway on the Tuckasagee River for the ultimate living experience! Schedule your showing today!

Listing Agent

Marie Reed

Keller Williams Professionals Asheville Brokerage Email: Marie@MarieReedTeam.com License #244191 Listed on: 03/28/2025

Keller Williams Professionals Asheville

Co-Listing Agent

Mark Carter

Keller Williams Professionals Asheville Brokerage Email: Marie@MarieReedTeam.com License #315756

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $2,499

Year Built

  • Built in 2021

HOA Fees

  • $108 Monthly HOA Fees

Home Design

  • Arts and Crafts Architecture
  • Metal Roof

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Pocket Doors
  • Living Room with Fireplace
  • Screened Porch
  • Vinyl Flooring
  • Water Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Walk-In Closet

Parking

  • Driveway
  • 2 Open Parking Spaces

Outdoor Features

  • Deck
  • Fire Pit

Schools

  • Cullowhee Valley Elementary And Middle School
  • Smoky Mountain High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Ipm Association, Phone Number (828) 650-6875
  • Cullowhee River Club Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 7559-71-7449

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$2,499

Year Built

Built in 2021

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2021
  • Restrictions: Subdivision
  • Road Surface Type: Other, Paved
  • Unit Levels: One and One Half
  • Ratio CurrentPrice/TotalPropertyHLA: 379.36
  • Geocode Confidence: High
  • Attribution Contact: Marie@MarieReedTeam.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Breakfast Bar, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1260
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 688
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1948
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Pocket Doors, Sliding Doors
  • Fireplace Features: Gas, Living Room
  • Living Area: 1948
  • Bedroom Main: 1
  • Room Count: 10

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Shingle, Metal
  • Construction Type: Off Frame Modular
  • View: Water
  • Water Body Name: Tuckasegee River
  • Waterfront Features: None
  • Exclusions: TBD at time of contract
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Deck, Front Porch, Screened

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Natural Gas
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 325
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: IPM
  • Phone: 828-650-6875
  • Association Email: info@ipmhoa.com

Association/Amenities

  • Association Annual Expense: 1300.00

Schools

  • Middle Or Junior School: Cullowhee Valley
  • HOA Subject To: Required

Lot Info

  • Lot Features: River Front, Views
  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 7559-71-7449
  • Plat Book Slide: 72/230
  • Horse Amenities: None
  • Additional Parcels: No
  • Zoning Specification: none

MLS Schools

  • Elementary School: Cullowhee Valley
  • High School: Smoky Mountain

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 $2,499 $657,504 $150,000 $507,504
2024 $1,913 $503,390 $180,000 $323,390
2023 $2,038 $503,390 $180,000 $323,390
2022 $684 $180,000 $180,000 $0
2021 $684 $180,000 $180,000 $0
2020 $665 $175,000 $175,000 $0
2019 $665 $175,000 $175,000 $0
2018 $665 $175,000 $175,000 $0
2017 $0 $100,000 $100,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $739,000 -1.3% $379 / Sq Ft
03/28/2025 03/28/25 For Sale $749,000 -- $384 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $516,600 New Conventional
Previous Owner $320,000 Unknown
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4238949

Canopy MLS (Canopy Realtor® Association)

APN: 7559-71-7449