$2,495,000
$1M PRICE DROP

202 Emerald Ln Maggie Valley, NC 28751

Estimated payment $13,234/month

Total Views 31,867
4 Beds
8 Baths
8,834 Sq Ft
$282 Price per Sq Ft

Highlights

  • Guest House
  • Spa
  • Mountain View
  • Jonathan Valley Elementary School Rated 9+
  • Open Floorplan
  • Deck

About This Home

At 3,400’ in elevation, 202 Emerald Lane is a refined mountain estate offering stunning views, coveted southern exposure, natural cool breezes, and turnkey luxury. Accessed by just two gentle turns off a state-maintained road, the property combines easy arrival with true mountain privacy. The main level delivers elegantly comfortable single-level living, while the flexible layout easily accommodates gatherings of family and friends. A separate guest house provides a retreat within a retreat—ideal for extended family, visitors, home office use, or flexible living arrangements. The home is priced well below a recent independent, certified appraisal of the real property, presenting a compelling value relative to comparable mountain estates. Offered as a fully turnkey opportunity, the property includes a comprehensive furniture and amenity package, allowing immediate enjoyment and seamless transition for new ownership. For added peace of mind, the seller is providing a transferable 3-year total home warranty, including roof and stucco coverage. Importantly, the property has no rental restrictions, offering flexibility for personal use, investment, or mixed-use ownership. The luxury destination, Cataloochee Ranch, awaits moments away, as does Cataloochee Ski Resort. Spontaneously enjoy dining, shopping, hiking, biking, skiing, fishing, and Harrah’s Cherokee Casino (15 miles). Asheville is an easy drive, while Maggie Valley and Waynesville beckon with nearby nostalgia. Included in the offering is an additional 0.82-acre lot with well and two-bedroom septic installed, providing future flexibility for expansion, a pool, or even an additional residence.

Listing Agent

Kyle Olinger

Walnut Cove Realty/Allen Tate/Beverly-Hanks Brokerage Email: kyle@walnutcoverealty.com License #193234 Listed on: 07/18/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 2.94 Acre Lot
  • Private Lot
  • Sloped Lot

Parking

  • 6 Car Garage
  • Driveway
  • Electric Gate

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Architectural Shingle Roof
  • Wood Siding
  • Stone Siding
  • Synthetic Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

Outdoor Features

  • Spa
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heat Pump System
  • Heating System Uses Propane
  • Propane
  • Septic Tank

Community Details

  • No Home Owners Association
  • Fie Top Woodlands Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7677-81-4540

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

2.94 Acres

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional, Transitional
  • Year Built: 2008
  • Second Living Quarters: Exterior Not Connected,Guest House,Separate Entrance,Separate Kitchen Facilities,Separate Utilities
  • Road Surface Type: Asphalt, Gravel
  • Unit Levels: Three
  • Ratio CurrentPrice/TotalPropertyHLA: 282.43
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: kyle@walnutcoverealty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2741
  • Third Level Sq Ft: 301
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1694
  • Appliances: Dishwasher, Gas Cooktop
  • Above Grade Finished Sq Ft: 4736
  • Has Basement: Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2069
  • Fireplace Features: Family Room, Living Room
  • Living Area: 8834
  • Bedroom Main: 1
  • Bedroom Basement: 1
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Hot Tub, Outdoor Kitchen
  • New Construction: No
  • Roof: Architectural Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s)
  • Construction Type: Hard Stucco, Stone, Synthetic Stucco, Wood
  • Other Structures: Other - See Remarks
  • Patio And Porch Features: Covered, Deck, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Spaces: 6
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Electric Gate, Attached Garage, Detached Garage

Utilities

  • Heating: Floor Furnace, Forced Air, Heat Pump, Propane
  • Sewer: Septic Installed
  • Laundry Features: Inside, Main Level
  • Cooling: Central Air, Heat Pump
  • Utilities: Electricity Connected, Propane
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Private, Sloped, Views
  • Lot Size Units: Acres
  • Parcel Number: 7677-81-4540
  • Zoning: None
  • Horse Amenities: None
  • Lot Size Acres: 2.94
  • Additional Parcels Description: 7677-81-3239; 7677-81-3529; 7677-81-4680
  • Zoning Specification: None

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 -- $1,093,800 $37,400 $1,056,400
2024 $72 $1,093,800 $37,400 $1,056,400
2023 $6,826 $1,093,800 $37,400 $1,056,400
2022 $6,826 $1,093,800 $37,400 $1,056,400
2021 $6,826 $1,093,800 $37,400 $1,056,400
2020 $5,563 $837,800 $23,400 $814,400
2019 $5,568 $837,800 $23,400 $814,400
2018 $5,568 $837,800 $23,400 $814,400
2017 $5,568 $837,800 $0 $0
2016 $6,476 $1,008,100 $0 $0
2015 $6,476 $1,008,100 $0 $0
2014 $6,154 $1,008,100 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2026 03/09/26 For Sale $2,495,000 0.0% $282 / Sq Ft
02/26/2026 02/26/26 Off Market $2,495,000 -- --
09/02/2025 09/02/25 Price Changed $2,495,000 -10.7% $282 / Sq Ft
08/06/2025 08/06/25 Price Changed $2,795,000 -6.7% $316 / Sq Ft
06/17/2025 06/17/25 Price Changed $2,995,000 -11.8% $339 / Sq Ft
05/12/2025 05/12/25 Price Changed $3,395,000 0.0% $384 / Sq Ft
05/12/2025 05/12/25 For Sale $3,395,000 -2.9% $384 / Sq Ft
01/03/2025 01/03/25 Off Market $3,495,000 -- --
01/29/2024 01/29/24 Price Changed $3,495,000 -10.4% $396 / Sq Ft
07/18/2023 07/18/23 For Sale $3,900,000 -- $441 / Sq Ft
Source: Canopy MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $705,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Source: Public Records

Source: Canopy MLS

MLS Number: 4047356

Canopy MLS

APN: 7677-81-4540

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