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.
For sale
$3,895,000
540 Chestnut Street, Highlands, NC 28741
5beds
--sqft
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
- 5 days |
- 509 |
- 18 |
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
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale | $3,895,000+34.3% |
Source: HCMLS #1003582 Report a problem | ||
| 7/9/2022 | Listing removed | -- |
Source: HCMLS Report a problem | ||
| 3/25/2022 | Listed for sale | $2,900,000+1.8% |
Source: HCMLS #98563 Report a problem | ||
| 11/28/2021 | Listing removed | -- |
Source: HCMLS Report a problem | ||
| 9/6/2021 | Listed for sale | $2,850,000+159.1% |
Source: HCMLS #97390 Report a problem | ||
| 5/14/2010 | Sold | $1,100,000-12% |
Source: Public Record Report a problem | ||
| 1/10/2010 | Price change | $1,250,000-3.5% |
Source: Harry Norman Realtors #69102 Report a problem | ||
| 10/4/2009 | Listed for sale | $1,295,000+86.6% |
Source: Homes.com #69102 Report a problem | ||
| 11/18/2005 | Sold | $694,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $814,940 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 6/10Highlands SchoolGrades: K-12Distance: 0.7 mi
- 6/10Macon Middle SchoolGrades: 7-8Distance: 11.8 mi
- 3/10Mountain View Intermediate SchoolGrades: 5-6Distance: 12 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Macon County
- Highlands
- 28741
- 540 Chestnut Street




