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For sale
  • $2,700,000

    401 N Fifth Street, Highlands, NC 28741

    3beds
    --sqft
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    Single Family Residence
    Built in 1931
    0.92 Acres Lot
    $2,434,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Small kitchenetteWood floorsPaneled with clear chestnut
    LOCATION! This Highlands landmark is one of the last great, walk-to-town parcels. Zoned B-4 (light commercial) and sits on .92 acre. Renovate or start over- anything can be duplicated- EXCEPT the location. The first time on the market and being offered AS-IS. The main level has wood floors and is paneled with clear Chestnut as the home was built just as the Chestnut blight came through town. The main level has a small kitchenette, storage, full bath and 4 rooms (The former living area is partitioned to allow for the reception area.) The attic is floored in, runs the entire length of the house and has great storage. This is a property full of memories for many local people. In the 1920s, this property was a 9-hole golf course as part of the Hall House property. Built in 1931 with chestnut paneling on the main level, this property has been a personal residence, home occupation, B&B, and is now zoned B-4. This property has been in the same family since the town was incorporated, and once took up the whole block. This is the only parcel left and contains .92 ac+/-. The home of Margaret and Tudor Hall and their extended family lived here from 1931 until the early 1990s when The Chambers Agency moved their real estate and vacation rentals office. Tudor and Margaret had a real estate office in town and were charter members of the Highlands Board of Realtors in 1956. In the mid-1990s, the garage was renovated into a one-bedroom/one-bath apartment and has been partially renovated. Prior to 1992, Mrs. Hall ran a boutique B&B, The Hall House, and the rooms upstairs that had been her children's bedrooms became weekend spots for tourists, and later became real estate offices for The Chambers Agency. In 2013, the four upper-level rooms were converted into two one-bedroom/one-bath apartments for workforce housing.
    976 days
    |
    348
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeannie Chambers,

    Chambers Realty & Vacation Rentals

    Source: HCMLS,MLS#: 103319Originating MLS: Highlands Cashiers Board of Realtors

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 4
      Den
      • Level: Main
      Dining room
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Baseboard, Other, See Remarks
      Cooling
      • None
      Appliances
      • Included: Dryer, Refrigerator, Washer
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Ceiling Fan(s), Other
      • Flooring: Carpet, Other, Tile, Wood
      • Basement: Dirt Floor,Exterior Entry,Interior Entry,Unfinished
      • Has fireplace: Yes
      • Fireplace features: Living Room, Other

      Property

      Parking
      • Parking features: Circular Driveway, None, Paved
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Front Porch, Porch
      • Exterior features: Other
      • Has view: Yes
      • View description: Other, Trees/Woods
      Lot
      • Size: 0.92 Acres
      • Features: Level, Other, Partially Cleared, City Lot
      Details
      • Additional structures: Guest House
      • Parcel number: 7540.50.28.09

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial,Other
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Siding
      • Foundation: Pillar/Post/Pier
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1931

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Fiber Optic Available, Other, See Remarks

      Community & HOA

      Community
      • Features: Other, Trails/Paths
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Highlands

      Financial & listing details

      • Tax assessed value: $1,602,780
      • Annual tax amount: $6,487
      • Date on market: 10/24/2023
      • Cumulative days on market: 991 days
      • Lease term: Other

        Estimated market value

        $2,434,600

        $2.31M - $2.56M

        $2,643/mo

        Price history

        DateEventPrice
        9/5/2025Price change$2,700,000-15.6%
        Source: HCMLS #103319 Report a problem
        9/14/2024Price change$3,200,000-5.9%
        Source: HCMLS #103319 Report a problem
        8/6/2024Price change$3,400,000-5.6%
        Source: HCMLS #103319 Report a problem
        11/7/2023Listed for sale$3,600,000
        Source: HCMLS #103319 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,512 $1,602,780
        2024$6,512 +0.4%$1,602,780
        2023$6,488 +22.9%$1,602,780 +85.7%
        2022$5,277 $862,950
        2021$5,277 +4.3%$862,950
        2020$5,059 +0.5%$862,950
        2019$5,033 $862,950 +18.2%
        2018$5,033 +25.4%$730,230
        2017$4,015 $730,230
        2016$4,015 $730,230
        2015$4,015 +1.2%$730,230 +25.2%
        2014$3,969 $583,350
        2013$3,969 $583,350
        2012-- $583,350
        2011-- $583,350
        2010-- $583,350
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28741

        Getting around

        62 / 100
        Somewhat Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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