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Off market
  • $2,033,700

    240 Lake Villas Way, Highlands, NC 28741

    4beds
    2,432sqft
    SingleFamily
    Built in 1992
    0.27 Acres Lot
    $2,033,700 Zestimate®
    $836/sqft
    $4,891 Estimated rent

    Home value

    $2,033,700

    $1.83M - $2.28M

    $4,891/mo

    Zestimate® history
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    Owner options

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    $4,891/mo

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    $4,891/mo

    Rent Zestimate®

    Refinance and save

    $11,743/mo

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    $11,743/mo

    Est. payment

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    What's special

    This iconic lake home was originally owned by Arnold Palmer while he designed the Cullasaja Club golf course. Front and center on Lake Ravenel inside the secure gates of Cullasaja Club, you feel like you are floating on a yacht viewing the pristine water as well as the 13th fairway and 14th tee box. One of the most fascinating aspects of living on the water is that it creates a calm ambiance that permeates your daily activities. The main home has a gourmet kitchen open to the dining room and great room with a stone fireplace. An enclosed Carolina room has another stone fireplace opening to the deck with Adirondack chairs and a nearby grill. The primary bedroom is on the main with two closets, an office and a spacious bathroom. A guest suite is on the other side of the powder room and laundry room with a full bath. Additional guests can stay in the two separate guest suites above the garage and golf cart garage each with a full bath. A private dock makes fishing and boating convenient. Lake Ravenel is stocked with fish every season. You are invited to join Cullasaja Club at the market rate upon club approval. Club amenities include the Arnold Palmer golf course, an elegant clubhouse with several dining venues, a heated outdoor pool, a fitness center with weight room, cardio room and classroom, tennis courts, croquet lawn, driving range and hiking trail. Located halfway between Highlands and Cashiers, you can enjoy each community in a ten-minute drive. Home is being offered furnished.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Heat pump
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Cathedral Ceilings, Ceiling Fans, Window Treatments, Walk-in Closet, Jetted Tub, Built-ins, Vaulted Ceilings
    • Flooring: Tile, Carpet, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,432 sqft

    Property

    Lot
    • Size: 0.27 Acres
    Details
    • Parcel number: 7551616166

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conventional
    Materials
    • Frame
    • Foundation: Other
    • Roof: Shake / Shingle
    Condition
    • Year built: 1992

    Community & HOA

    Community
    • Features: Fitness Center
    Location
    • Region: Highlands

    Financial & listing details

    • Price per square foot: $836/sqft
    • Tax assessed value: $1,390,370
    • Annual tax amount: $4,140

    Price history

    DateEventPrice
    9/15/2021Sold$1,458,000+9.6%$600/sqft
    Source: HCMLS #97239 Report a problem
    8/20/2021Pending sale$1,329,999$547/sqft
    Source: HCMLS #97239 Report a problem
    8/13/2021Listed for sale$1,329,999+56%$547/sqft
    Source: HCMLS #97239 Report a problem
    12/19/2005Sold$852,500$351/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,140 $1,390,370
    2024$4,140 +0.3%$1,390,370
    2023$4,128 +92.2%$1,390,370 +193.2%
    2022$2,147 $474,260
    2021$2,147 +5.9%$474,260
    2020$2,027 +0.6%$474,260
    2019$2,014 -15.7%$474,260 -25.6%
    2018$2,390 $637,830
    2017-- $637,830
    2016-- $637,830
    2015-- $637,830 -14.8%
    2014$2,367 $748,400
    2013$2,367 $748,400
    2012-- $748,400
    2011-- $748,400
    2010-- $748,400
    Find assessor info on the county website

    Neighborhood: 28741

    Nearby schools

    GreatSchools rating