$1,675,000

206 Stone Valley Way Unit 23 Hendersonville, NC 28792

Estimated payment $9,900/month

Total Views 3,034
4 Beds
3.5 Baths
4,417 Sq Ft
$379 Price per Sq Ft

Highlights

  • Fitness Center
  • Clubhouse
  • Pond
  • Mountain View
  • Private Lot
  • Wooded Lot

About This Home

So close.....yet so far away!.......this custom Arts and Crafts masterpiece is only 15 minutes from Main Street in Hendersonville....and, as part of the gated community of Oleta Falls, the setting is like a national park. The community encompasses over 400 plus acres of Blue Ridge terra firma (200 of which is unspoiled common area, with numerous wooded trails, a beautiful 40 foot waterfall, incredible mountain views, the Little Hungry River, and a community clubhouse, pool, and fitness center). This 4BR/3.5BA home features an open floor plan with vaulted ceilings, abundant natural light, two stacked stone fireplaces, a chef’s kitchen, two primary en-suites (radiant heat in main level primary bath), and multiple areas for alfresco entertaining. The owners have meticulously maintained the home which is in “move-in” condition. Few homes built today enjoy this level of craftsmanship. See attachments for floorplans and features. Professionally landscaped.

Listing Agent

Michael Holden

Pinnacle Sothebys International Realty Brokerage Email: mike@pinnaclesir.com License #105286 Listed on: 05/27/2025

Pinnacle Sothebys International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 2006

Lot Details

  • Private Lot
  • Wooded Lot
  • Property is zoned R3, R-3

HOA Fees

  • $282 Monthly HOA Fees

Parking

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

Home Design

  • Arts and Crafts Architecture
  • Wood Siding
  • Stone Siding
  • Radon Mitigation System

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Wired For Data
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Propane Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Recreation Room with Fireplace
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Electric Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Pond
  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidity Control
  • Vented Exhaust Fan
  • Heat Pump System
  • Heating System Uses Propane
  • Underground Utilities
  • Power Generator
  • Community Well
  • Tankless Water Heater
  • Propane Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9967625

Community Details

Overview

  • Ipm Corp Association, Phone Number (828) 650-6875
  • Built by Cornerstone Homes
  • Oleta Falls Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,111

Year Built

Built in 2006

Lot Details

0

HOA Fees

$282 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2006
  • Restrictions: Architectural Review,Building,Height,Manufactured Home Not Allowed,Modular Allowed,Signage,Subdivision,Use
  • Special Assessment Yn: 0
  • Restrictions Description: As outlined in recorded CC&R's
  • Road Surface Type: Asphalt, Cobblestone, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 379.22
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: mike@pinnaclesir.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Entrance Foyer, Garden Tub, Kitchen Island, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2548
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 575
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 455
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1030
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Exhaust Fan, Exhaust Hood, Gas Water Heater, Microwave, Propane Water Heater, Refrigerator with Ice Maker, Self Cleaning Oven, Tankless Water Heater, Wall Oven, Warming Drawer
  • Other Equipment: Fuel Tank(s), Generator
  • Above Grade Finished Sq Ft: 2548
  • Has Basement: Daylight, Exterior Entry, Finished, Interior Entry, Storage Space, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1869
  • Fireplace Features: Family Room, Gas, Gas Log, Gas Vented, Great Room, Propane, Recreation Room
  • Living Area: 4417
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 16
  • Bedroom Basement: 3
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Mountain(s)
  • Waterfront Elevation: 2000
  • Construction Type: Stone, Wood
  • Patio And Porch Features: Balcony, Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 455
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Attached Garage, Garage Faces Side

Utilities

  • Heating: Central, Electric, Forced Air, Heat Pump, Propane, Zoned
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Radon Mitigation System, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump, Humidity Control, Zoned
  • Utilities: Cable Available, Electricity Connected, Propane, Satellite Internet Available, Underground Power Lines, Underground Utilities, Wired Internet Available
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Hot Tub, Outdoor Pool, Pond, Walking Trails, Other
  • Association Fee: 282
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: IPM Corp
  • Phone: 828-650-6875
  • Association Email: info@ipmhoa.com

Association/Amenities

  • Association Annual Expense: 3384.00

Schools

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

Lot Info

  • Lot Features: Private, Wooded, Views
  • Lot Size Area: 1.59
  • Lot Size Units: Acres
  • Parcel Number: 9967625
  • Zoning: R-3
  • Plat Book Slide: 3921
  • Plat Reference Section Pages: PS 3921
  • Development Status: Completed
  • Horse Amenities: None
  • Additional Parcels: No
  • Zoning Specification: R3

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Cornerstone Homes

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

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 $6,111 $1,070,300 $98,200 $972,100
2024 $6,111 $1,070,300 $98,200 $972,100
2023 $6,111 $1,335,600 $365,200 $970,400
2022 $6,236 $889,600 $195,100 $694,500
2021 $6,236 $889,600 $195,100 $694,500
2020 $6,236 $889,600 $0 $0
2019 $6,236 $889,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,675,000 -- $379 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $890,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $424,100 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $114,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $345,500 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $100,000 New Conventional
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4251980

Canopy MLS (Canopy Realtor® Association)

APN: 9967625