NOT LISTED FOR SALE

586 Lake Villas Way Highlands, NC 28741

Estimated Value: $1,139,000 - $2,764,000

3 Beds
3 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold April 30, 2018

Last sale price $750,000

Est. 135% increase in value since last sale

Current estimated payment $10,317/month

13 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Docks
  • Fitness Center
  • Community Lake

About This Home

As of April 2018

Popular lakeside living inside Cullasaja Club just became available! The Lake Villas are perfect for one-level living with an amazing view and access to Lake Ravenel for fishing and boating. This three bedroom, three bath home includes half of the adjacent lot for additional privacy. Ready to move in and priced to sell at $750,000. Located inside the gates of Cullasaja Club, you can join the club at the market rate upon club approval. Cullasaja Club features a wide variety of amenities including an Arnold Palmer golf course, an elegant clubhouse with several dining venues, an outdoor pool, a fitness center with a weight room, an aerobic room, a classroom, tennis courts and a croquet lawn. This is in addition to the activities available on Lake Ravenel such as canoeing, fishing, paddle-boarding, rafting and driving around in your fishing boat with an electric motor. Located half-way between Highlands and Cashiers, you can enjoy each community in a ten minute drive. Highlands is called the Aspen of the East with its award winning restaurants, spas, art galleries, world-class shopping, a famous regional art center called the Bascom, a Playhouse, a Performing Arts Center and numerous hiking trails and waterfalls.

Last Agent to Sell the Property

Josephine Lovell

Highlands Sotheby's International Realty - DT Brokerage Phone: 8285268300 Listed on: 03/06/2018

Highlands Sotheby's International Realty - DT

Last Buyer's Agent

Lynn Kimball

Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1997

Lot Details

  • 10,454 Sq Ft Lot
  • Lake Front
  • Cleared Lot
  • Garden

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Lake
  • Golf Course

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Stone Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Screened Porch
  • Dryer

Kitchen

  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Docks
  • Deck

Utilities

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

Listing and Financial Details

  • Tax Lot LV 22/LV 23B
  • Assessor Parcel Number 7551612963 & 7551612922

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

$2,300

Year Built

Built in 1997

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • 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. Go past security gate and follow Cullasaja Club Drive to intersection. Turn left on to Garnet Rock Trail and then left on to Lake Villas Way. 586 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
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Exterior Entry
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Stone
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Kitchen Island, Pantry, 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, Other
  • Exterior Features: Dock, Garden
  • Patio And Porch Features: Rear Porch, Deck, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 1.0
  • Parking Features: Carport, Paved

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • 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: 5705.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Parcel #: 7551612963 & 7551612922
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2299.63
  • Tax Lot: LV 22/LV 23B
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Norwood F A F and Norwood Dorianne K
Bought by
Fa Norwood Revocable Trust and Dorianne K Norwood Revocable Trust
Current Estimated Value
$1,764,616

Purchase Details

Closed on
Sep 19, 2003
Sold by
Wade Thomas R
Bought by
Wade Thomas R
Source: Public Records

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 Buyer Sale Price Title Company
Fa Norwood Revocable Trust -- None Listed On Document
Fa Norwood Revocable Trust -- None Listed On Document
Wade Thomas R $535,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $750,000 0.0% --
04/17/2018 04/17/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $750,000 -- --
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 -- $1,126,970 $250,000 $876,970
2023 $2,937 $1,126,970 $250,000 $876,970
2022 $2,937 $657,910 $250,000 $407,910
2021 $2,937 $657,910 $250,000 $407,910
2020 $2,771 $657,910 $250,000 $407,910
2018 $2,161 $574,140 $250,000 $324,140
2017 -- $574,140 $250,000 $324,140
2016 $2,161 $574,140 $250,000 $324,140
2015 -- $574,140 $250,000 $324,140
2014 $2,231 $749,620 $250,000 $499,620
2013 -- $749,620 $250,000 $499,620
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Josephine Lovell

    Highlands Sotheby's International Realty - DT

    (828) 226-6303

    133 in this area

    170 Total Sales

    Josephine Lovell
    Section Image

  • L

    Buyer's Agent in 2018

    Lynn Kimball

    Berkshire Hathaway HomeServices Meadows Mountain Realty - HF

    (828) 421-8193

    6 in this area

    6 Total Sales

    Lynn Kimball
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 87706

APN: 7551612963

North Carolina Macon County Highlands 28741

586 Lake Villas Way, Highlands, NC

This home is located at 586 Lake Villas Way, Highlands, NC 28741 since 06 March 2018 and is currently estimated at $1,764,616. This property was built in 1997. 586 Lake Villas Way is a home located in Macon County with nearby schools including Highlands School, Macon Middle School, and Mountain View Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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