Welcome to your mountain retreat in Cascade Highlands, a desirable gated, lock-and-leave community just minutes from I-40 and Lake James. Conveniently located between Asheville, Hickory, Black Mountain, Marion, and Old Fort, this meticulously maintained cabin offers the perfect combination of privacy, convenience, recreation, and flexibility—ideal as a primary residence, short-term rental, or a personal escape.
Inside, the thoughtfully designed floor plan features a bedroom and full bath on the main level, main-level laundry, and an inviting living area with a wood-burning stove. Upstairs, the private primary suite offers an ensuite bathroom and walk-in closet, while the spacious loft provides an ideal home office, reading area, or flex space. A wrap-around deck extends the living space outdoors and offers a wonderful setting for morning coffee, entertaining, and enjoying the peaceful wooded surroundings and seasonal winter views.
The property also features a fully fenced side and backyard, large parking pad, and detached two-car garage with water and electricity. The garage upper level is framed and ready for conversion into a studio, workshop, in-law suite, or additional rental space, providing exceptional potential for hobbies, guests, extended family, or income-producing use.
Cascade Highlands offers beautiful recreation areas. A community pond in the center of the development and river access with two picturesque cascades and natural boulder formations. With short-term rentals allowed, this home provides the rare opportunity to live comfortably as a full-time primary residence, generate rental income, and enjoy a private mountain getaway whenever you choose. Experience the best of Western North Carolina mountain living in a peaceful, well-maintained gated community with easy access to the region’s abundant outdoor adventures and charming towns.
Active
$425,000
314 Old Mill Rd, Nebo, NC 28761
2beds
1,201sqft
Single Family Residence
Built in 2002
2.02 Acres Lot
$411,000 Zestimate®
$354/sqft
$57/mo HOA
What's special
Main-level laundryLarge parking pad
- 5 days
- 303
- 37
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Holly Martin Holly.Martin@CarolinaMountainSales.com,
Carolina Mountain Sales
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4425232
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Loft
- Level: Upper
Heating
- Propane
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Refrigerator
- Laundry: In Kitchen
Features
- Flooring: Tile, Wood
- Has basement: No
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 1,201
- Total interior livable area: 1,201 sqft
- Finished area above ground: 1,201
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached Garage, Garage on Main Level
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: Back Yard,Fenced,Wood
- Has view: Yes
- View description: Mountain(s), Winter
Lot
- Size: 2.02 Acres
- Features: Corner Lot, Green Area, Paved, Private, Sloped, Wooded, Views
Details
- Additional structures: Workshop
- Parcel number: 173100302534
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Log, Wood
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Features: Gated, Picnic Area, Pond, Recreation Area, Other
- Subdivision: Cascade Highlands
HOA
- Has HOA: Yes
- HOA fee: $689 annually
Location
- Region: Nebo
Financial & listing details
- Price per square foot: $354/sqft
- Tax assessed value: $239,110
- Annual tax amount: $1,621
- Date on market: 9/18/2026
- Cumulative days on market: 5 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Estimated market value
$411,000
$390,000 - $432,000
$1,412/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $425,000$354/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,621 +3% | $239,110 |
| 2024 | $1,573 | $239,110 |
| 2023 | $1,573 +28.4% | $239,110 +30.3% |
| 2022 | $1,226 | $183,500 |
| 2021 | $1,226 -1.5% | $183,500 |
| 2020 | $1,244 -98.7% | $183,500 +24.9% |
| 2017 | $95,558 +9900% | $146,900 |
| 2016 | $956 | $146,900 |
| 2014 | $956 +1.7% | $146,900 |
| 2013 | $940 | $146,900 |
| 2012 | -- | $146,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28761
Nearby schools
Schools provided by the listing agent
- Elementary: Nebo
- Middle: East McDowell
- High: McDowell
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




