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  • $425,000

    314 Old Mill Rd, Nebo, NC 28761

    2beds
    1,201sqft
    : 
    $2,696/mo
    Get pre-qualified
    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
    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.
    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#: 4425232MLS Logo

      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

        DateEventPrice
        9/18/2026Listed for sale$425,000$354/sqft
        Source: Canopy MLS as distributed by MLS GRID #4425232 Report a problem

        Public tax history

        YearProperty taxesTax 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28761

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        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.

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