NOT LISTED FOR SALE

285 Cottage Ln Highlands, NC 28741

Estimated Value: $2,526,000 - $3,969,000

4 Beds
6 Baths
1,412 Sq Ft
$2,489/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $1,550,000 $1,098 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $19,279/month

89 Days on Market

Highlights

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

About This Home

As of October 2019

This beautiful Cullasaja Club custom home is perfectly sited lakefront on Lake Ravenel and features it's own private dock for canoeing or kayaking. Enjoy the lake views from both open and covered/screened porches and from virtually every room. It is conveniently located near the gatehouse and a short drive to the Clubhouse and Club amenities. This home lives large with four bedroom suites and two half baths. The main level includes expansive open living spaces, fireplace, a recently updated chef's kitchen and master suite with adjoining sunroom. The upper level includes 2 bedroom suites and a loft area overlooking the living area. The lower level includes a large den with fireplace which opens to the screen porch, a bedroom suite and a bar/entertaining are that now includes billiards. There is a semi-detached two car garage with a finished bonus space above, perfect for gaming. The home enjoys a great deal of privacy and is beautifully landscaped. Membership in the Cullasaja Club, with its newly renovated and expanded Clubhouse and First Class amenities, is available but not required. Membership by invitation.

Last Agent to Sell the Property

Doug Helms

Christie's International Real Estate Highlands-Cashiers Brokerage Phone: 8285264663 Listed on: 05/31/2019

Last Buyer's Agent

Bill Gilmore

Highlands Cove Realty at Old Edwards Club

Highlands Cove Realty at Old Edwards Club

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 1998

Lot Details

  • 1.14 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Garden

HOA Fees

  • $448 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Screened Porch
  • Dryer

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Propane Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Docks
  • Deck

Utilities

  • Central Heating and Cooling System
  • Hot Water Heating System
  • Private Water Source
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 314
  • Assessor Parcel Number 7551410417

Community Details

Overview

  • Cullasaja Club Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,986

Year Built

Built in 1998

Lot Details

0

HOA Fees

$448 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.14
  • Road Surface Type: Paved
  • Water Body Name: Ravenel
  • Subdivision Name: Cullasaja Club
  • Directions: From Highlands' Main St., Hwy 64 East (Cashiers Road) to Cullasaja Club Entrance on the right. Just past the Gate House, make an immediate right on Cottage Lane. Make a sharp left (at the boulders lined up) staying on the pavement to second home on right.
  • Architectural Style: Bungalow, Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1998
  • Attribution Contact: 8285264663
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Negotiable
  • Appliances: Built-In Oven, Built-In Refrigerator, Convection Oven, Double Oven, Dryer, Dishwasher, Disposal, Microwave, Propane Cooktop, Warming Drawer, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Den, Gas Log, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, Garden Tub/Roman Tub, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Partially Cleared, Rolling Slope
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Fiber Cement, Wood Siding
  • Exterior Features: Dock, Garden
  • Foundation Details: Poured
  • Patio And Porch Features: Rear Porch, Covered, Deck, Screened
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Two Car Garage, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Floor Furnace, Hot Water
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Gated, Lake, Playground, Tennis Court(s), Water Access
  • Association Fee: 5380.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 49658.4
  • Parcel #: 7551410417
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4986.08
  • Tax Lot: 314
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2025
Sold by
Stetson David J and Stetson Linda A
Bought by
Linda Denise Stetson Trust and Stetson
Current Estimated Value
$3,514,988

Purchase Details

Listed on
May 31, 2019
Closed on
Sep 23, 2019
Sold by
Bowman Robert B and Bowman Kathy
Bought by
Stetson David J and Stetson Linda A
Seller's Agent
Doug Helms
Christie's International Real Estate Highlands-Cashiers
Buyer's Agent
Bill Gilmore
Highlands Cove Realty at Old Edwards Club
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.81%
Original Mortgage
$900,000
Interest Rate
2.72%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 19, 2017
Sold by
Minchew Teresa R and Minchew Gary F
Bought by
Bowman Robert B and Bowman Kathy

Purchase Details

Closed on
Nov 6, 2000
Sold by
Coppage Phillip L
Bought by
Bowman Robert B
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
Linda Denise Stetson Trust -- None Listed On Document
Linda Denise Stetson Trust -- None Listed On Document
Stetson David J $1,550,000 None Available
Bowman Robert B -- None Available
Bowman Robert B $1,285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stetson David J $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2019 10/01/19 Sold $1,550,000 -2.8% $1,098 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $1,595,000 -- $1,130 / Sq Ft
Source: Highlands-Cashiers Board of REALTORS®

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 $6,719 $2,282,540 $350,000 $1,932,540
2024 $6,719 $2,282,540 $350,000 $1,932,540
2023 $5,305 $2,282,540 $350,000 $1,932,540
2022 $5,305 $1,208,570 $300,000 $908,570
2021 $5,305 $1,208,570 $300,000 $908,570
2020 $4,999 $1,208,570 $300,000 $908,570
2018 $5,613 $1,533,690 $600,000 $933,690
2017 $0 $1,533,690 $600,000 $933,690
2016 $5,613 $1,533,690 $600,000 $933,690
2015 $5,590 $1,533,690 $600,000 $933,690
2014 $5,886 $2,018,780 $837,990 $1,180,790
2013 -- $2,018,780 $837,990 $1,180,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 91081

APN: 7551410417