$1,460,000
SOLD JUN 18, 2020

520 Lake Villas Way Highlands, NC 28741

3 Beds
3.5 Baths
-- Sq Ft
9,583 Sq Ft Lot

Recently Sold

1% Below List Price

3 Days on Market

Highlights

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

About This Home

As of July 2022

This expanded and completely updated home presents expansive views of Lake Ravenel and the golf course. This light, bright modern one-level home is an entertainment delight while also offering a calming, relaxed and peaceful environment with natural mountain surroundings. The home is located inside the secure gates of prestigious Cullasaja Club halfway between Highlands and Cashiers, North Carolina. The open floor concept is centered around a gourmet kitchen with impressive views of the lake and opening to two entertainment areas. The kitchen features top-of-the line appliances and plenty of counter space. Encompassing practicality with beauty, there are two seating areas in front of two fireplaces with the dining area in between. Both rooms open to an expanded deck which appears to float over the lake. The master suite opens to a covered deck where you can enjoy views of the lake and a cup of coffee while listening to the birds. The master bath has the new wet room concept with the tub and the shower in harmony. Two additional guest suites with their own ensuite bathrooms are privately sited on the other wing of the home. Adjacent to the kitchen is a laundry/butlers pantry with steam oven and a second dishwasher. This is a rare opportunity to own a completely updated home that is both luxurious and livable. Offered furnished for immediate enjoyment for $1,475,000.

Last Agent to Sell the Property

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 05/18/2020

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 05/18/2020

Highlands Sotheby's International Realty - DT

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,501

Year Built

  • Built in 1997

Lot Details

  • 9,583 Sq Ft Lot
  • Lake Front
  • Cleared Lot

HOA Fees

  • $457 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Crawl Space
  • Dryer

Kitchen

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

Flooring

  • Wood
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Detached Garage
  • 1 Carport Space

Outdoor Features

  • Docks
  • Deck
  • Wrap Around Porch

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Tax Lot LV 16/17E
  • Assessor Parcel Number 7551615830

Community Details

Overview

  • Cullasaja Club Subdivision
  • Community Lake

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,501

Year Built

Built in 1997

Lot Details

0

HOA Fees

$457 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • 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 and turn left on to Garnet Rock Trail. Follow Garnet Rock Trail to stop sign, then turn left on to Lake Ravenel Way. 520 Lake Villas Way is on the left.
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1997
  • Attribution Contact: 8285268300
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Appliances: Built-In Refrigerator, Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Microwave, Wine Cooler, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Slate, Wood
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Cleared, Level
  • Pool Features: Community
  • View: Golf Course, Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Dock, Gas Grill
  • Patio And Porch Features: Rear Porch, Covered, Deck, Wrap Around

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Carport, Detached, Golf Cart Garage, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, Other, See Remarks
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Gated, Lake, Playground, Pool, Putting Green, Tennis Court(s), Water Access
  • Association Fee: 5485.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Parcel #: 7551615830
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2500.84
  • Tax Lot: LV 16/17E
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Jul 25, 2022
Sold by
Posniak Robert A and Posniak Corinne M
Bought by
Walker Property Investments Llc
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
List Price
$2,879,000
Sold Price
$2,500,000
Premium/Discount to List
-$379,000
-13.16%
Current Estimated Value
$2,797,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,733
Avg. Annual Appreciation
3.83%

Purchase Details

Listed on
May 18, 2020
Closed on
Jun 18, 2020
Sold by
Driscoll Robert E and Driscoll Margaret L
Bought by
Posniak Robert A and Posniak Corinne M
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
List Price
$1,475,000
Sold Price
$1,460,000
Premium/Discount to List
-$15,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.19%

Purchase Details

Listed on
Jun 22, 2017
Closed on
Aug 11, 2017
Sold by
Chambers Rufus A and Chambers Hardwicke O
Bought by
Driscoll Robert and Driscoll Margaret
Seller's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
Buyer's Agent
Josephine Lovell
Highlands Sotheby's International Realty - DT
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.23%
Original Mortgage
$480,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,500,000 Coward Kimberly R
Warranty Deed $1,460,000 None Available
Warranty Deed $600,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 Commercial
Previous Owner $480,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $2,500,000 -13.2% --
07/16/2022 07/16/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $2,879,000 +97.2% --
06/18/2020 06/18/20 Sold $1,460,000 -1.0% --
06/03/2020 06/03/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $1,475,000 +145.8% --
08/29/2017 08/29/17 Sold $600,000 -7.7% --
06/26/2017 06/26/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $650,000 -- --
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
2024 -- $1,950,440 $400,000 $1,550,440
2023 $3,786 $1,950,440 $400,000 $1,550,440
2022 $3,786 $855,250 $300,000 $555,250
2021 $3,786 $855,250 $300,000 $555,250
2020 $3,569 $855,250 $300,000 $555,250
2018 $2,111 $560,180 $250,000 $310,180
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Josephine Lovell

    Highlands Sotheby's International Realty - DT

    (828) 226-6303

    136 in this area

    171 Total Sales

    Josephine Lovell
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 93491

APN: 7551615830

North Carolina Macon County Highlands 28741

520 Lake Villas Way, Highlands, NC

This home is located at 520 Lake Villas Way, Highlands, NC 28741 and is currently priced at $1,460,000. This property was built in 1997. 520 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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