NOT LISTED FOR SALE

240 Lake Villas Way Highlands, NC 28741

Estimated Value: $1,428,000 - $2,409,000

4 Beds
4.5 Baths
-- Sq Ft
0.27 Acres

Last Sold September 15, 2021

Last sale price $1,458,000

Est. 31% increase in value since last sale

Current estimated payment $10,788/month

18 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Docks
  • Fitness Center
  • Lake Front
  • Golf Course Community
  • Spa

About This Home

As of September 2021

This iconic lake home was originally owned by Arnold Palmer while he designed the Cullasaja Club golf course. Front and center on Lake Ravenel inside the secure gates of Cullasaja Club, you feel like you are floating on a yacht viewing the pristine water as well as the 13th fairway and 14th tee box. One of the most fascinating aspects of living on the water is that it creates a calm ambiance that permeates your daily activities. The main home has a gourmet kitchen open to the dining room and great room with a stone fireplace. An enclosed Carolina room has another stone fireplace opening to the deck with Adirondack chairs and a nearby grill. The primary bedroom is on the main with two closets, an office and a spacious bathroom. A guest suite is on the other side of the powder room and laundry room with a full bath. Additional guests can stay in the two separate guest suites above the garage and golf cart garage each with a full bath. A private dock makes fishing and boating convenient. Lake Ravenel is stocked with fish every season. You are invited to join Cullasaja Club at the market rate upon club approval. Club amenities include the Arnold Palmer golf course, an elegant clubhouse with several dining venues, a heated outdoor pool, a fitness center with weight room, cardio room and classroom, tennis courts, croquet lawn, driving range and hiking trail. Located halfway between Highlands and Cashiers, you can enjoy each community in a ten-minute drive. Home is being offered furnished.

Last Agent to Sell the Property

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 08/13/2021

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Douglas Treadwell

Landmark Realty Group - Highlands

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,919

Year Built

  • Built in 1992

Lot Details

  • 0.27 Acre Lot
  • Lake Front
  • Zoning described as Res.

Parking

  • 1 Car Attached Garage
  • Golf Cart Garage

Property Views

  • Lake
  • Golf Course

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Furnished
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Propane Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet
  • Spa Bath

Laundry

  • Laundry on main level
  • Dryer

Outdoor Features

  • Spa
  • Deeded Waterfront Access Rights
  • Docks
  • Deck
  • Patio
  • Front Porch

Utilities

  • Central Air
  • Dual Heating Fuel
  • Heat Pump System
  • Private Water Source
  • Private Sewer
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot LV 3
  • Assessor Parcel Number 7551616166

Community Details

Overview

  • Property has a Home Owners Association
  • Cullasaja Club Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Putting Green

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,919

Year Built

Built in 1992

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Lot Size: .27
  • Water Body Name: Lake Ravenel
  • Subdivision Name: Cullasaja Club
  • Directions: From downtown Highlands, take Hwy 64E towards Cashiers. Turn right at Cullasaja Club entrance and go past security gate. Follow Cullasaja Club Drive to intersection. Turn left onto Garnet Rock Trail and follow to stop sign. Left onto Lake Villas Way and 240 Lake Villas Way is on the left.
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1992
  • Kitchen Level: Main
  • Attribution Contact: 8285268300
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dryer, Oven/Range-Electric, Propane Cooktop, Exhaust Fan, Dishwasher, Microwave, Built-In Refrigerator, Washer, Disposal
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: 2 or More, Stone, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Tile
  • Interior Amenities: Vaulted Ceiling(s), Built-in Features, Walk-In Closet(s), Cathedral Ceiling(s), Ceiling Fan(s)
  • Main Level Bedrooms: 2
  • Window Features: Window Treatments
  • Room Bedroom4 Level: Upper
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Upper
  • Room Bedroom2 Level: Main
  • Room Office Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Lot Features: Near Level
  • View: Exceptional, Golf Course, Year Round, Lake
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock
  • Patio And Porch Features: Back, Porch, Front, Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Paved, Attached, Golf Cart Storage, Garage
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Dual Fuel, Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Fiber Optics
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Golf, Pool, Tennis Court(s), Croquet, Paved Access, Putting Green, Deeded Water Access, Clubhouse, Fitness Center, Lake/Pond, Gated
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 11761.2
  • Farm Land Area Units: Square Feet
  • Parcel #: 7551616166
  • Zoning Description: Res.
  • Zoning: Yes
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 1919.33
  • Tax Lot: LV 3
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 2, 2021
Sold by
Jones J Wayne J and Jones Patricia L
Bought by
Yohe Brent and Yohe Blanca
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Douglas Treadwell
Landmark Realty Group - Highlands
List Price
$1,329,999
Sold Price
$1,458,000
Premium/Discount to List
$128,001
9.62%
Current Estimated Value
$1,916,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,485
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Dec 16, 2005
Sold by
Frieldland Alan S and Friedland Dorothy C
Bought by
Jones J Wayne and Jones Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yohe Brent $1,458,000 None Available
Jones J Wayne $852,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yohe Brent $1,200,000
Previous Owner Jones J Wayne $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $1,458,000 +9.6% --
09/01/2021 09/01/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $1,329,999 -- --
Source: Highlands-Cashiers Board of REALTORS®

Tax History Compared to Growth

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
2024 $4,140 $1,301,570 $150,000 $1,151,570
2023 $2,147 $1,301,570 $150,000 $1,151,570
2022 $2,147 $474,260 $150,000 $324,260
2021 $2,147 $474,260 $150,000 $324,260
2020 $2,027 $474,260 $150,000 $324,260
2018 $2,390 $637,830 $300,000 $337,830
2017 -- $637,830 $300,000 $337,830
2016 $2,390 $637,830 $300,000 $337,830
2015 $2,367 $637,830 $300,000 $337,830
2014 $2,227 $748,400 $300,000 $448,400
2013 -- $748,400 $300,000 $448,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Josephine Lovell

    Highlands Sotheby's International Realty - DT

    (828) 226-6303

    133 in this area

    169 Total Sales

    Josephine Lovell
    Section Image

  • D

    Buyer's Agent in 2021

    Douglas Treadwell

    Landmark Realty Group - Highlands

    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 97239

APN: 7551616166

North Carolina Macon County Highlands 28741

240 Lake Villas Way, Highlands, NC

This home is located at 240 Lake Villas Way, Highlands, NC 28741 since 13 August 2021 and is currently estimated at $1,916,485. This property was built in 1992. 240 Lake Villas Way is a home located in Macon County with nearby schools including Highlands School, Macon Middle School, and Mountain View Intermediate School.

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