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Active
    • Price cut: $350K (7/16)
    $3,900,000

    692 Lost Trl, Highlands, NC 28741

    3beds
    4,241sqft
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    Single Family Residence
    Built in 2021
    1.96 Acres Lot
    $-- Zestimate®
    $920/sqft
    $502/mo HOA

    What's special

    Modern comfortsGlass walk-in showerRefined craftsmanshipWalk-in closets
    Built in 2021 and positioned on approximately 1.96 acres, this contemporary mountain residence offers refined craftsmanship, modern comforts, and striking Whiteside Mountain views from every room on the main level and many rooms on the lower level. Located within the gated Cullasaja Club community in Highlands, NC, the home captures the relaxed elegance and natural beauty of the Highlands-Cashiers Plateau. The main level centers around a spacious great room with soaring ceilings and a gas fireplace shared with the primary owner’s suite. Expansive sliding glass doors frame the mountain landscape and open to a screened porch with a wood-burning fireplace, creating a seamless indoor-outdoor living experience. The porch connects to an open deck accessed from the primary suite. The primary bedroom is located on the main level and features mountain views along with a generous ensuite bath that includes a soaking tub, glass walk-in shower, and walk-in closets. The kitchen blends clean design with high-end functionality and features built-in appliances including a gas stove and double ovens. A formal dining area and casual dining space provide flexibility for everyday living and entertaining. The lower level offers additional living space designed for comfort and recreation. Two guest bedrooms share a Jack-and-Jill bath, while the recreation room includes a fireplace, pool table area, and wet bar. Sliding doors lead to a covered deck with a hot tub. Large windows throughout the home bring natural light indoors while showcasing the impressive mountain views. Approved membership provides access to Cullasaja Club’s world-class amenities, including an Arnold Palmer–designed championship golf course, clubhouse dining, wellness facilities, tennis, swimming, and a vibrant social calendar. Additional features include lake access to Ravenel Lake and an extensive trail network throughout the community, with connections to the adjoining National Forest.
    116 days
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    741
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    23
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    Zillow last checked:

    Listing updated:

    Listed by:

    Doug Treadwell doug@mountainlifere.com,

    MOUNTAIN LIFE REAL ESTATE, LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4360852MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      • Main level bedrooms: 1
      Primary bedroom
      • Features: En Suite Bathroom, Vaulted Ceiling(s), Walk-In Closet(s), See Remarks
      • Level: Main
      • Area: 254.86 Square Feet
      • Dimensions: 12' 4" X 20' 8"
      Bedroom s
      • Features: Ceiling Fan(s), See Remarks
      • Level: Basement
      • Area: 232 Square Feet
      • Dimensions: 14' 6" X 16' 0"
      Bedroom s
      • Features: Ceiling Fan(s)
      • Level: Basement
      • Area: 215.06 Square Feet
      • Dimensions: 14' 7" X 14' 9"
      Bathroom full
      • Level: Basement
      • Area: 68.12 Square Feet
      • Dimensions: 9' 6" X 7' 2"
      Bonus room
      • Level: Basement
      • Area: 140.52 Square Feet
      • Dimensions: 13' 2" X 10' 8"
      Bonus room
      • Level: Basement
      • Area: 151.65 Square Feet
      • Dimensions: 9' 7" X 15' 10"
      Den
      • Level: Main
      • Area: 249.69 Square Feet
      • Dimensions: 12' 1" X 20' 8"
      Dining area
      • Level: Main
      • Area: 288.23 Square Feet
      • Dimensions: 18' 6" X 15' 7"
      Kitchen
      • Features: Breakfast Bar, Built-in Features, Kitchen Island, Open Floorplan, Storage, Walk-In Pantry, Wet Bar
      • Level: Main
      • Area: 212.44 Square Feet
      • Dimensions: 18' 1" X 11' 9"
      Laundry
      • Features: Storage
      • Level: Main
      • Area: 45.48 Square Feet
      • Dimensions: 6' 0" X 7' 7"
      Living room
      • Features: Cathedral Ceiling(s), Open Floorplan
      • Level: Main
      • Area: 423.74 Square Feet
      • Dimensions: 20' 6" X 20' 8"
      Office
      • Level: Main
      • Area: 131.85 Square Feet
      • Dimensions: 10' 1" X 13' 1"
      Recreation room
      • Features: Built-in Features, Hot Tub, Open Floorplan, Storage, Wet Bar, See Remarks
      • Level: Basement
      • Area: 480.38 Square Feet
      • Dimensions: 30' 6" X 15' 9"
      Heating
      • Central, Heat Pump
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Bar Fridge, Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Exhaust Hood, Gas Cooktop, Microwave, Refrigerator, Washer, Wine Refrigerator
      • Laundry: In Kitchen, Laundry Room, Main Level
      Features
      • Breakfast Bar, Built-in Features, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar
      • Flooring: Carpet, Tile, Wood
      • Basement: Daylight,Finished,Full,Interior Entry
      • Fireplace features: Den, Gas, Great Room, Outside, Primary Bedroom, Propane, Recreation Room, See Through
      Interior area
      • Total structure area: 2,486
      • Total interior livable area: 4,241 sqft
      • Finished area above ground: 2,486
      • Finished area below ground: 1,755
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Attached Garage, Garage Faces Front, Golf Cart Garage, Keypad Entry, Garage on Main Level
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Balcony, Covered, Deck, Enclosed, Front Porch, Screened
      • Has spa: Yes
      • Spa features: Interior Hot Tub
      • Has view: Yes
      • View description: Mountain(s), Year Round
      • Waterfront features: Boat Slip – Community
      • Body of water: Ravenel Lake
      Lot
      • Size: 1.96 Acres
      • Features: Sloped, Views
      Living quarters
      • Secondary features: None
      Details
      • Additional structures: None
      • Parcel number: 7550575277
      • Zoning: RES
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Stone Veneer, Wood
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2021

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Community Well
      • Utilities for property: Electricity Connected, Fiber Optics, Propane, Underground Utilities

      Community & HOA

      Community
      • Features: Gated, Lake Access, Walking Trails
      • Security: Security Service
      • Subdivision: Cullasaja Club
      HOA
      • Has HOA: Yes
      • HOA fee: $6,024 annually
      • HOA name: Cullasaja HOA
      Location
      • Region: Highlands
      • Elevation: 3500 Feet

      Financial & listing details

      • Price per square foot: $920/sqft
      • Tax assessed value: $2,740,448
      • Annual tax amount: $9,031
      • Date on market: 3/23/2026
      • Cumulative days on market: 116 days
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
      • Road surface type: Asphalt, Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/16/2026Price change$3,900,000-8.2%$920/sqft
        Source: HCMLS #1002846 Report a problem
        5/28/2026Price change$4,250,000-10.5%$1,002/sqft
        Source: HCMLS #1002846 Report a problem
        3/23/2026Listed for sale$4,750,000+3858.3%$1,120/sqft
        Source: HCMLS #1002846 Report a problem
        8/21/2020Sold$120,000$28/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,031 +81.8%$2,740,448 +130.4%
        2024$4,968 $1,189,230
        2023$4,968 +388%$1,189,230 +375.7%
        2022$1,018 +5.2%$250,000
        2021$968 -5.7%$250,000
        2020$1,026 +1.3%$250,000
        2019$1,014 $250,000
        2018$1,014 $250,000
        2017$1,014 +2.5%$250,000
        2015$989 +30%$250,000 -4.6%
        2011$760 $262,150
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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

        Getting around

        1 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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