NOT LISTED FOR SALE

260 Crescent Trail Highlands, NC 28741

Estimated Value: $3,670,000 - $4,859,000

4 Beds
5 Baths
-- Sq Ft
0.87 Acres

Last Sold July 16, 2024

Last sale price $3,850,000

Est. 10% increase in value since last sale

Current estimated payment $23,431/month

299 Days on Market

Highlights

  • Golf Course Community
  • Gated Community
  • Built-In Refrigerator
  • Fitness Center
  • Lake View
  • Community Lake

About This Home

As of July 2024

Welcome to 260 Crescent Trail inside the gates of prestigious Cullasaja Club nestled in the majestic Blue Ridge mountains of Western North Carolina. This special property boasts a prime location on two lots on the sixth fairway of the popular Arnold Palmer golf course. As you approach this stunning home, you are greeted by a charming exterior designed by the acclaimed architect, Norman Askins. The use of stone and wood elements blend seamlessly with the natural park setting surrounding this home. John Lupoli remodeled this home to the highest standards with a slate roof and pea gravel driveway. Step inside, and you will find yourself comforted by a world of elegance and comfort. The interior was created by Toby West and Tom Hayes emphasizing mountain chic with a casual flair. The focal point of the home is the magnificent great room grounded by a large stone fireplace and stone wet bar area. The kitchen has a pass through arch for easy access for appetizers at the bar. The dining room transitions into the screened porch with stone fireplace warming both a comfortable seating area and a dining table. Another large screened porch overlooks the amazing gardens and golf course view. More about the gardens later! The gourmet kitchen is perfect for the family chef complete with top-of-the-line appliances, custom cabinetry and a center island perfect for preparing family meals. The primary suite on the main level is truly a sanctuary, offering a private retreat with its own stone fireplace, a spa-like en-suite bathroom with a soaking tub and walk-in shower. Additional bedrooms on the terrace level provide comfort and privacy for family and friends. An outdoor terrace allows your guests to soak up the fresh mountain air accessible from their rooms. Outside, you will stroll the pathways through the magnificent garden with stopping points to enjoy a glass of wine and absorb the natural beauty of the waterfall and ponds. Fireplace Features: 2 or more

Last Agent to Sell the Property

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 08/03/2023

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 08/03/2023

Highlands Sotheby's International Realty - DT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,784

Year Built

  • Built in 1997

Lot Details

  • 0.87 Acre Lot
  • Garden

HOA Fees

  • $477 Monthly HOA Fees

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Property Views

  • Lake
  • Pond
  • Golf Course

Home Design

  • Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Furnished
  • Wired For Sound
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spring on Lot
  • Deck
  • Covered Patio or Porch
  • Outdoor Water Feature
  • Outdoor Fireplace
  • Fire Pit

Utilities

  • Heat Pump System
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 242 REV
  • Assessor Parcel Number 7551305263

Community Details

Overview

  • Cullasaja Club Subdivision
  • Community Lake

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

$6,784

Year Built

Built in 1997

Lot Details

0

HOA Fees

$477 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.87
  • Road Surface Type: Paved
  • Subdivision Name: Cullasaja Club
  • Directions: From downtown Highlands, take Hwy 64E towards Cashiers. Turn left at Cullasaja Club entrance and go past security gate. Follow Cullasaja Club Drive over bridge and turn right on to Crescent Trail. 260 Crescent Trail is on the left.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1997
  • Attribution Contact: 8285268300
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Built-In Refrigerator, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Indoor Grill, Ice Maker, Microwave, Wine Cooler
  • Has Basement: Crawl Space, Other
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter, Living Room, Primary Bedroom, Outside, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound

Exterior Features

  • Lot Features: Level, On Golf Course, Pond on Lot, Spring, Waterfall
  • Pool Features: Community
  • View: Golf Course, Lake, Pond, Creek/Stream
  • View: Yes
  • Waterfront Features: Deeded Access
  • Construction Type: Frame, Stone, Wood Siding
  • Exterior Features: Fire Pit, Garden, Gas Grill, Water Feature
  • Patio And Porch Features: Covered, Deck, Porch
  • Roof: Slate

Garage/Parking

  • Carport Spaces: 2.0
  • Covered Parking Spaces: 4.0
  • Garage Spaces: 2.0
  • Parking Features: Carport, Garage, Two Car Garage, Gravel

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Gated Community
  • Heating: Gas, Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Fiber Optic Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Pool, Putting Green, Tennis Court(s), Water Access, Gated
  • Association Fee: 5719.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 37897.2
  • Parcel #: 7551305263
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 6783.92
  • Tax Lot: 242 REV
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2025
Sold by
Jcs Grandchildrens Trust and Stockman Joanna C
Bought by
Stockman Family Trust and Stockman
Current Estimated Value
$4,239,876

Purchase Details

Listed on
Aug 3, 2023
Closed on
Jul 15, 2024
Sold by
Vernon L Krause Revocable Trust and Krause Vernon L
Bought by
Stockman Family Trust and Jcs Grandchildren Trust
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
List Price
$4,875,000
Sold Price
$3,850,000
Premium/Discount to List
-$1,025,000
-21.03%
Views
121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%

Purchase Details

Closed on
Nov 1, 2018
Sold by
Cunningham Gerald G and Cunningham C K
Bought by
Krause Vernon L and Vernon L Krause Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 2005
Sold by
Phillippe Thomas E and Phillippe Joan M
Bought by
Cunningham Geraldg and Cunningham C K
Source: Public Records
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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
Stockman Family Trust -- None Listed On Document
Stockman Family Trust $3,850,000 None Listed On Document
Krause Vernon L $4,000,000 None Available
Cunningham Geraldg $1,700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krause Vernon L $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2024 07/16/24 Sold $3,850,000 -14.3% --
05/31/2024 05/31/24 Pending -- -- --
11/14/2023 11/14/23 Price Changed $4,495,000 -7.8% --
08/05/2023 08/05/23 For Sale $4,875,000 -- --
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
2025 $10,976 $3,755,260 $500,000 $3,255,260
2024 $10,976 $3,755,260 $500,000 $3,255,260
2023 $6,784 $3,755,260 $500,000 $3,255,260
2022 $6,784 $1,552,540 $500,000 $1,052,540
2021 $6,784 $1,552,540 $500,000 $1,052,540
2020 $6,391 $1,552,540 $500,000 $1,052,540
2018 $5,411 $1,477,560 $250,000 $1,227,560
2017 $0 $1,477,560 $250,000 $1,227,560
2016 $5,411 $1,477,560 $250,000 $1,227,560
2015 $5,388 $1,477,560 $250,000 $1,227,560
2014 $3,656 $1,244,390 $265,440 $978,950
2013 -- $1,244,390 $265,440 $978,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 102683

APN: 7551305263