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For sale
  • $3,895,000

    540 Chestnut Street, Highlands, NC 28741

    5beds
    --sqft
    : 
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    Single Family Residence
    Built in 2002
    0.73 Acres Lot
    $3,805,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Waterfall and fountainBeautifully landscaped groundsAbundant natural lightSoaring vaulted ceilingsEnchanting rear courtyardStunning gourmet kitchenPicturesque gardens
    Own a rare in-town Highlands retreat just steps from the new Performing Arts Center. Enjoy the charm of mountain living paired with a vibrant cultural lifestyle, with world-class performances, fine dining, boutique shopping, and all that Highlands has to offer just a short stroll from your front door. Set on beautifully landscaped grounds, this elegant home offers exceptional privacy, surrounded by mature evergreens that create the feeling of a secluded estate in the heart of town. A welcoming sense of arrival begins with the lush front gardens and continues to the enchanting rear courtyard, where a waterfall and fountain provide a tranquil backdrop for outdoor living. Inside, a gracious foyer opens to a spacious great room featuring soaring vaulted ceilings, abundant natural light, and a stunning stone fireplace. The adjoining dining area flows seamlessly into the stunning gourmet kitchen, designed for both entertaining and everyday living. A charming keeping room with its own stone fireplace creates the perfect gathering place for family and friends while meals are prepared. The inviting screened porch, complete with a wood-burning fireplace, serves as an additional living space overlooking the picturesque gardens. Just beyond, an open-air deck offers the ideal setting for grilling, relaxing, and enjoying the mountain sunshine. The main-level primary suite is a private sanctuary, featuring a fireplace, peaceful garden views, and a luxurious spa-inspired bath with soaking tub and separate shower. A second ensuite guest bedroom and a cozy den complete the main level. Upstairs, three additional bedrooms—including a delightful bunk room—provide ample accommodations for family and guests. A sitting area and office nook offer flexible spaces for work, reading, or relaxation. Thoughtfully maintained and move-in ready, the home also features a two-car carport with floored attic storage, additional guest parking, a generator, central vacuum system, gas starters in all four fireplaces, custom closet shelving, and a fully encapsulated crawlspace. Combining privacy, luxury, and convenience, this exceptional Highlands property offers the opportunity to enjoy the very best of mountain living in one of the area's most desirable in-town locations.
    5 days
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    509
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    18
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    Zillow last checked:

    Listing updated:

    Listed by:

    Pam Nellis,

    Christie's International Real Estate Highlands-Cashiers

    Source: HCMLS,MLS#: 1003582Originating MLS: Highlands Cashiers Board of Realtors

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Main
      Bedroom 2
      • Level: Main
      Bedroom 3
      • Level: Upper
      Bedroom 4
      • Level: Upper
      Bedroom 5
      • Level: Upper
      Primary bathroom
      • Level: Main
      Bathroom 2
      • Level: Main
      Bathroom 3
      • Level: Main
      Bathroom 4
      • Level: Upper
      Den
      • Level: Main
      Dining room
      • Level: Main
      Kitchen
      • Level: Main
      Laundry
      • Level: Main
      Living room
      • Level: Main
      Office
      • Level: Upper
      Heating
      • Central
      Cooling
      • Central Air, Ductless, Electric
      Appliances
      • Included: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Warming Drawer, Washer
      • Laundry: Common Area, Washer Hookup, Dryer Hookup, In Hall, Main Level
      Features
      • Breakfast Bar, Bookcases, Ceiling Fan(s), Double Vanity, Entrance Foyer, High Speed Internet, Primary Downstairs, Stone Counters, Storage, Solar Tube(s), Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Wood
      • Basement: Crawl Space,Exterior Entry,Encapsulated
      • Number of fireplaces: 4
      • Fireplace features: Gas Log, Kitchen, Living Room, Primary Bedroom, Other, Outside, Propane, Raised Hearth, Stone, Wood Burning
      • Furnished: Yes
      Interior area
      • Living area range: 3501-4000 Square Feet

      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking
      • Carport spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Rear Porch, Front Porch, Screened
      • Exterior features: Garden, Water Feature
      • Has view: Yes
      • View description: Garden
      • Waterfront features: None
      Lot
      • Size: 0.73 Acres
      • Features: Back Yard, Cleared, Sloped Down, Front Yard, Gentle Sloping, Landscaped, Paved, City Lot
      • Topography: Sloping
      Details
      • Additional structures: Carport(s)
      • Parcel number: 7540521395
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Frame, HardiPlank Type, Stone
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Electric: Generator
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Fiber Optic Available, Propane, Sewer Connected

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Highlands

      Financial & listing details

      • Tax assessed value: $2,345,990
      • Annual tax amount: $9,299
      • Date on market: 6/27/2026
      • Cumulative days on market: 6 days
      • Road surface type: Asphalt, Concrete

        Estimated market value

        $3,805,200

        $3.61M - $4.00M

        $6,109/mo

        Price history

        DateEventPrice
        6/27/2026Listed for sale$3,895,000+34.3%
        Source: HCMLS #1003582 Report a problem
        7/9/2022Listing removed--
        Source: HCMLS Report a problem
        3/25/2022Listed for sale$2,900,000+1.8%
        Source: HCMLS #98563 Report a problem
        11/28/2021Listing removed--
        Source: HCMLS Report a problem
        9/6/2021Listed for sale$2,850,000+159.1%
        Source: HCMLS #97390 Report a problem
        5/14/2010Sold$1,100,000-12%
        Source: Public Record Report a problem
        1/10/2010Price change$1,250,000-3.5%
        Source: Harry Norman Realtors #69102 Report a problem
        10/4/2009Listed for sale$1,295,000+86.6%
        Source: Homes.com #69102 Report a problem
        11/18/2005Sold$694,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,300 $2,345,990
        2024$9,300 +0.1%$2,345,990
        2023$9,288 +19.9%$2,345,990 +80.1%
        2022$7,749 $1,302,760
        2021$7,749 +4.7%$1,302,760 +0.3%
        2020$7,398 +0.2%$1,298,960
        2019$7,385 $1,298,960 +2%
        2018$7,385 +9.2%$1,273,010
        2017$6,763 $1,273,010 +8.9%
        2016$6,763 +8.7%$1,169,300
        2015$6,220 +0.4%$1,169,300 +43.5%
        2014$6,197 $814,940
        2013$6,197 $814,940
        2012-- $814,940
        2011-- $814,940
        2010-- $814,940
        2009-- $814,940

        Find assessor info on the county website

        Monthly payment

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        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.
        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

        48 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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