$4,250,000
NEW CONSTRUCTION $500K PRICE DROP

692 Lost Trail Highlands, NC 28741

Estimated payment $24,166/month

Total Views 6,649
3 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Community Boat Dock
  • Fitness Center
  • Gated Community
  • Golf Course Community
  • New Construction
  • Built-In Refrigerator

About This Home

Completed in 2021, this thoughtfully designed mountain home offers modern luxury and exceptional Whiteside Mountain views from almost every room on the main level and many rooms on the lower level. Situated on approximately 1.96 acres within the gated Cullasaja Club community, the property combines refined design with the natural beauty that defines the Highlands, NC lifestyle.
The main living area features an open great room centered around a gas fireplace shared with the primary owner’s suite, creating warmth and visual continuity between the spaces. Expansive sliding glass doors frame the mountain scenery and open to a screened porch with a wood-burning fireplace—an inviting outdoor living space ideal for relaxing or entertaining throughout the seasons. The porch also connects to the open deck accessed from the primary suite.
The primary bedroom is conveniently located on the main level and includes mountain views along with a spacious ensuite bath featuring a deep soaking tub, glass walk-in shower, and walk-in closets. The kitchen is designed with both elegance and functionality in mind and includes high-end built-in appliances such as a gas stove and double ovens. A formal dining area and casual dining space provide flexibility for gatherings large and small.
The lower level expands the home’s living space with two guest bedrooms connected by a Jack-and-Jill bath. A spacious recreation room includes a fireplace, pool table area, and wet bar, creating an ideal setting for hosting guests. Sliding doors open to a covered deck featuring a hot tub and peaceful wooded surroundings.
Throughout the home, large windows bring natural light indoors while highlighting the dramatic views of Whiteside Mountain.
Cullasaja Club is a gated mountain community offering an Arnold Palmer–designed golf course upon membership application and approval, lake access to Ravenel Lake, and scenic walking trails throughout the community, including connections to the adjoining National Forest.

Listing Agent

Douglas Treadwell

Mountain Life Real Estate, LLC License #298313 Listed on: 03/23/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,031

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1.96 Acre Lot
  • Gated Home
  • Sloped Lot
  • Garden

HOA Fees

  • $502 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Mountain Views

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Soaking Tub

Laundry

  • Laundry on main level
  • Dryer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Private Sewer

Listing and Financial Details

  • Tax Lot 159rev
  • Assessor Parcel Number 7550-57-5277

Community Details

Overview

  • Cullasaja HOA
  • Cullasaja Club Subdivision
  • Community Lake

Recreation

  • Community Boat Dock
  • Golf Course Community
  • Community Playground
  • Fitness Center
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,031

Year Built

Built in 2021 | New Construction

Lot Details

1.96 Acres

HOA Fees

$502 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.96
  • Road Surface Type: Paved
  • Water Body Name: Lake Ravenel
  • Subdivision Name: Cullasaja Club
  • Directions: From Highlands, take Hwy 64E/N 4th St towards Cashiers. Turn RIGHT into Cullasaja Club and cont on Cullasaja Club Dr to LEFT onto Lost Trail. Continue to the end and turn LEFT into #692.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built: 2021
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: 4098
  • Stories: 1

Interior Features

  • Furnished: Negotiable
  • Appliances: Bar Fridge, Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Disposal, Propane Cooktop, Refrigerator, Range Hood, Wine Refrigerator, Washer
  • Has Basement: Daylight, Exterior Entry, Finished, Heated, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Basement, Den, Double Sided, Family Room, Glass Doors, Great Room, Primary Bedroom, Outside, Propane, See Through, Stone, Wood Burning
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Bookcases, Bidet, Built-in Features, Ceiling Fan(s), Chandelier, Cathedral Ceiling(s), Double Vanity, Entrance Foyer, Eat-in Kitchen, Granite Counters, His and Hers Closets, High Speed Internet, Kitchen Island, Multiple Closets, Open Floorplan, Pantry, Storage, Soaking Tub, Bar

Exterior Features

  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Native Plants, Partially Cleared, Sloped, Views
  • Topography: Sloping
  • View: Mountain(s), Rocks
  • View: Yes
  • Waterfront Features: None, Deeded Access
  • Waterfront: No
  • Construction Type: Board & Batten Siding, Frame, Shake Siding, Stone, Wood Siding
  • Exterior Features: Garden, Propane Tank - Leased
  • Patio And Porch Features: Rear Porch, Covered, Deck, Front Porch
  • Roof: Metal, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage Faces Front, Garage, Two Car Garage, Golf Cart Garage, Garage Door Opener, On Site, Oversized, Paved, Private, Storage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside, In Kitchen, Main Level, Laundry Room
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Electricity Connected, Fiber Optic Available, High Speed Internet Available, Propane, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Dock, Fitness Center, Golf, Gated, Lake, Near National Forest, Other, Playground, Trails/Paths, Water Access
  • Amenities: Boat Dock, Gated, Playground, Trail(s)
  • Association Fee: 6024.0
  • Association Fee Frequency: Annually
  • Association Name: Cullasaja HOA
  • Association: Yes

Lot Info

  • Parcel #: 7550-57-5277
  • Zoning Description: None

Tax Info

  • Tax Annual Amount: 9031.0
  • Tax Lot: 159rev
  • 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 $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

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
05/28/2026 05/28/26 Price Changed $4,250,000 -10.5% --
03/23/2026 03/23/26 For Sale $4,750,000 -- --
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
Warranty Deed -- None Available
Warranty Deed $120,000 None Available
Source: Public Records

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 1002846

APN: 7550-57-5277

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