$3,895,000

540 Chestnut St Highlands, NC 28741

Estimated payment $21,813/month

Total Views 643
5 Beds
3.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Fireplace in Kitchen
  • Traditional Architecture
  • Furnished
  • Vaulted Ceiling
  • Wood Flooring
  • Outdoor Water Feature

About This Home

Own a rare in-town Highlands retreat just steps from the new Performing Arts Center. Enjoy the charm of mountain living paired with a vibrant cultural lifestyle, with world-class performances, fine dining, boutique shopping, and all that Highlands has to offer just a short stroll from your front door.
Set on beautifully landscaped grounds, this elegant home offers exceptional privacy, surrounded by mature evergreens that create the feeling of a secluded estate in the heart of town. A welcoming sense of arrival begins with the lush front gardens and continues to the enchanting rear courtyard, where a waterfall and fountain provide a tranquil backdrop for outdoor living. Inside, a gracious foyer opens to a spacious great room featuring soaring vaulted ceilings, abundant natural light, and a stunning stone fireplace. The adjoining dining area flows seamlessly into the stunning gourmet kitchen, designed for both entertaining and everyday living. A charming keeping room with its own stone fireplace creates the perfect gathering place for family and friends while meals are prepared. The inviting screened porch, complete with a wood-burning fireplace, serves as an additional living space overlooking the picturesque gardens. Just beyond, an open-air deck offers the ideal setting for grilling, relaxing, and enjoying the mountain sunshine. The main-level primary suite is a private sanctuary, featuring a fireplace, peaceful garden views, and a luxurious spa-inspired bath with soaking tub and separate shower. A second ensuite guest bedroom and a cozy den complete the main level. Upstairs, three additional bedrooms—including a delightful bunk room—provide ample accommodations for family and guests. A sitting area and office nook offer flexible spaces for work, reading, or relaxation. Thoughtfully maintained and move-in ready, the home also features a two-car carport with floored attic storage, additional guest parking, a generator, central vacuum system, gas starters in all four fireplaces, custom closet shelving, and a fully encapsulated crawlspace. Combining privacy, luxury, and convenience, this exceptional Highlands property offers the opportunity to enjoy the very best of mountain living in one of the area's most desirable in-town locations.

Listing Agent

Pam Nellis

Christie's International Real Estate Highlands-Cashiers License #195159 Listed on: 06/27/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,300

Year Built

  • Built in 2002

Lot Details

  • 31,799 Sq Ft Lot
  • Sloped Lot
  • Cleared Lot
  • Garden

Parking

  • 2 Carport Spaces

Home Design

  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • 4 Fireplaces
  • Screened Porch
  • Wood Flooring
  • Property Views

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Outdoor Water Feature
  • Outdoor Fireplace

Location

  • City Lot

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Propane

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 321
  • Assessor Parcel Number 7540521395

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,300

Year Built

Built in 2002

Lot Details

0.73 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.73
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: None
  • Directions: From Highlands, take N Fourth Street toward Cashiers and turn right onto Chestnut Street. Go past the Performing Art Center, and 540 Chestnut is on the left.
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2002
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Warming Drawer, Washer
  • Accessibility Features: None
  • Has Basement: Crawl Space, Exterior Entry, Encapsulated
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log, Kitchen, Living Room, Primary Bedroom, Other, Outside, Propane, Raised Hearth, Stone, Wood Burning
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Bookcases, Ceiling Fan(s), Double Vanity, Entrance Foyer, High Speed Internet, Primary Downstairs, Stone Counters, Storage, Solar Tube(s), Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Back Yard, Cleared, Sloped Down, Front Yard, Gentle Sloping, Landscaped, Paved, City Lot
  • Topography: Sloping
  • View: Garden
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type, Stone
  • Exterior Features: Garden, Water Feature
  • Other Structures: Carport(s)
  • Patio And Porch Features: Rear Porch, Front Porch, Screened
  • Roof: Asphalt

Garage/Parking

  • Carport Spaces: 2.0
  • Covered Parking Spaces: 2.0
  • Parking Features: Additional Parking

Utilities

  • Laundry Features: Common Area, Washer Hookup, Dryer Hookup, In Hall, Main Level
  • Cooling: Central Air, Ductless, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Fiber Optic Available, Propane, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 7540521395
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 9299.85
  • Tax Lot: 321
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,300 $2,321,590 $741,680 $1,579,910
2024 $9,300 $2,321,590 $741,680 $1,579,910
2023 $7,749 $2,321,590 $741,680 $1,579,910
2022 $7,749 $1,285,460 $277,980 $1,007,480
2021 $7,749 $1,302,760 $277,980 $1,024,780
2020 $7,398 $1,298,960 $274,180 $1,024,780
2018 $6,763 $1,273,010 $276,480 $996,530
2017 $6,763 $1,273,010 $276,480 $996,530
2016 $6,220 $1,169,300 $276,480 $892,820
2015 $6,197 $1,169,300 $276,480 $892,820
2014 $3,641 $814,940 $226,370 $588,570
2013 -- $814,940 $226,370 $588,570
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/27/2026 06/27/26 For Sale $3,895,000 -- --
Source: Highlands-Cashiers Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $1,100,000 --
Warranty Deed $694,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $632,571 New Conventional
Closed $793,000 Adjustable Rate Mortgage/ARM
Closed $417,000 Adjustable Rate Mortgage/ARM
Closed $408,000 Future Advance Clause Open End Mortgage
Closed $121,000 New Conventional
Closed $300,000 Credit Line Revolving
Closed $200,000 Credit Line Revolving
Closed $291,500 New Conventional
Source: Public Records

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 1003582

APN: 7540521395

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