$4,750,000

692 Lost Trail Highlands, NC 28741

Total Views 32
3 Beds
4 Baths
4,241 Sq Ft
$1,120 Price per Sq Ft

Highlights

  • Access To Lake
  • Gated Community
  • Open Floorplan
  • Spa
  • 1.96 Acre Lot
  • Mountain View

About This Home

Built in 2021 and positioned on approximately 1.96 acres, this contemporary mountain residence offers refined craftsmanship, modern comforts, and striking Whiteside Mountain views from every room on the main level and many rooms on the lower level. Located within the gated Cullasaja Club community in Highlands, NC, the home captures the relaxed elegance and natural beauty of the Highlands-Cashiers Plateau. The main level centers around a spacious great room with soaring ceilings and a gas fireplace shared with the primary owner’s suite. Expansive sliding glass doors frame the mountain landscape and open to a screened porch with a wood-burning fireplace, creating a seamless indoor-outdoor living experience. The porch connects to an open deck accessed from the primary suite. The primary bedroom is located on the main level and features mountain views along with a generous ensuite bath that includes a soaking tub, glass walk-in shower, and walk-in closets. The kitchen blends clean design with high-end functionality and features built-in appliances including a gas stove and double ovens. A formal dining area and casual dining space provide flexibility for everyday living and entertaining. The lower level offers additional living space designed for comfort and recreation. Two guest bedrooms share a Jack-and-Jill bath, while the recreation room includes a fireplace, pool table area, and wet bar. Sliding doors lead to a covered deck with a hot tub. Large windows throughout the home bring natural light indoors while showcasing the impressive mountain views. Approved membership provides access to Cullasaja Club’s world-class amenities, including an Arnold Palmer–designed championship golf course, clubhouse dining, wellness facilities, tennis, swimming, and a vibrant social calendar. Additional features include lake access to Ravenel Lake and an extensive trail network throughout the community, with connections to the adjoining National Forest.

Listing Agent

Douglas Treadwell

MOUNTAIN LIFE REAL ESTATE, LLC Brokerage Email: doug@mountainlifere.com License #298313 Listed on: 03/23/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2021

Lot Details

  • 1.96 Acre Lot
  • Sloped Lot

HOA Fees

  • $502 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway
  • Golf Cart Garage

Home Design

  • Traditional Architecture
  • Architectural Shingle Roof
  • Metal Roof
  • Wood Siding
  • Stone Veneer

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • See Through Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Great Room with Fireplace
  • Den with Fireplace
  • Recreation Room with Fireplace
  • Screened Porch
  • Storage
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Spa
  • Access To Lake
  • Balcony
  • Deck
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Propane
  • Community Well
  • Private Sewer
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 7550-57-5277

Community Details

Overview

  • Cullasaja HOA
  • Cullasaja Club Subdivision
  • Mandatory home owners association

Recreation

  • Trails

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2021

Lot Details

1.96 Acres

HOA Fees

$502 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2021
  • Restrictions: Architectural Review,Building,Deed,Manufactured Home Not Allowed,Modular Not Allowed,Rental – See Restrictions Description,Signage,Use
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: No STRs
  • Second Living Quarters: None
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 1120.02
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: doug@mountainlifere.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Built-in Features, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2486
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Bar Fridge, Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Exhaust Hood, Gas Cooktop, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Other Equipment: Fuel Tank - Leased
  • Above Grade Finished Sq Ft: 2486
  • Has Basement: Daylight, Finished, Full, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1755
  • Fireplace Features: Den, Gas, Great Room, Outside, Primary Bedroom, Propane, Recreation Room, See Through
  • Living Area: 4241
  • Bedroom Main: 1
  • Bedroom Basement: 2
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Above Ground Hot Tub / Spa
  • New Construction: No
  • Roof: Architectural Shingle, Metal
  • Construction Type: Site Built
  • Pool Private: No
  • View: Mountain(s), Year Round
  • Water Body Name: Ravenel Lake
  • Waterfront Features: Boat Slip – Community
  • Construction Type: Stone Veneer, Wood
  • Other Structures: None
  • Patio And Porch Features: Balcony, Covered, Deck, Enclosed, Front Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Front, Golf Cart Garage, Keypad Entry

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Private Sewer
  • Laundry Features: In Kitchen, Laundry Room, Main Level
  • Security: Security Service
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Electricity Connected, Fiber Optics, Propane, Underground Utilities
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Gated, Lake Access, Walking Trails
  • Association Fee: 6024
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Cullasaja HOA
  • Association: Yes

Association/Amenities

  • Association Annual Expense: 6024.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Sloped, Views
  • Lot Size Units: Acres
  • Parcel Number: 7550-57-5277
  • Plat Book Slide: 24/376
  • Development Status: Completed
  • Lot Size Acres: 1.96
  • Additional Parcels: No
  • Zoning Specification: RES

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,414 $2,740,448 $350,000 $2,390,448
2024 $4,519 $1,189,230 $250,000 $939,230
2023 $4,519 $1,189,230 $250,000 $939,230
2022 $1,018 $250,000 $250,000 $0
2021 $950 $250,000 $250,000 $0
2020 $1,026 $250,000 $250,000 $0
2019 $1,014 $250,000 $250,000 $0
2018 $1,014 $250,000 $250,000 $0
2017 $989 $250,000 $250,000 $0
2015 $760 $250,000 $250,000 $0
2011 -- $262,150 $262,150 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2026 03/23/26 For Sale $4,750,000 -- $1,120 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $120,000 None Available
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4360852

Canopy MLS (Canopy Realtor® Association)

APN: 7550-57-5277

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