Nestled within the prestigious gates of The Cliffs at Walnut Cove, this masterfully designed mountain transitional estate offers a rare combination of high-altitude privacy and sophisticated luxury. Occupying a prime position close to a gate, this residence provides access to the Blue Ridge Parkway and the vibrant cultural hub of Asheville. This newly completed residence allows homeowners to be the first to enjoy its bespoke finishes and modern amenities. Members of this exclusive community enjoy an unparalleled lifestyle centered around a world-class wellness center, Jack Nicklaus Signature golf course, and the social elegance of the award-winning clubhouse and "The Tavern." The architectural narrative of the home begins with a striking exterior of natural stone and timber, leading into an expansive interior of meticulously crafted living space. The main level is anchored by a breathtaking great room where floor-to-ceiling windows frame long-range mountain vistas, seamlessly connecting the indoors to a sprawling screened porch and an open-air deck equipped with a majestic stone fireplace. At the heart of the home, a gourmet kitchen features a massive island, custom cabinetry, and professional-grade appliances, flowing effortlessly into a sun-drenched dining area. The primary wing on the main floor serves as a private retreat, boasting a vaulted owner’s suite and a spa-like bath with a freestanding soaking tub and a massive glass-enclosed rain shower. The terrace level is a tour de force of entertainment, thoughtfully designed for grand-scale social gatherings. This level features a massive game room anchored by a large, custom-crafted bar, providing the ultimate setting for hosting friends or relaxing after a day on the course. Thoughtful design continues throughout the residence with high-end finishes including wide-plank oak flooring, designer lighting, and modern cable-rail staircases. The versatile floor plan includes a sophisticated home office and multiple guest suites with private baths. Beyond the glass, the outdoor living spaces are second to none, highlighted by a lower-level stone terrace perfect for evening gatherings under the stars. Completing this exceptional offering is an oversized three-car garage, a whole house generator, and an elevator that services both levels, ensuring this home remains a lifetime legacy property in Western North Carolina's most coveted community.
Active
$4,695,000
87 Misty Valley Pkwy, Arden, NC 28704
4beds
6,301sqft
Single Family Residence
Built in 2026
2.44 Acres Lot
$4,536,700 Zestimate®
$745/sqft
$293/mo HOA
What's special
Sophisticated home officeDesigner lightingGourmet kitchenModern cable-rail staircasesMassive glass-enclosed rain showerOversized three-car garageMassive island
- 176 days
- 165
- 13
Zillow last checked:
Listing updated:
Listed by:
Josh Smith josh@walnutcoverealty.com,
Walnut Cove Realty/Allen Tate/Beverly-Hanks
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4359985
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Heating
- Zoned
Cooling
- Zoned
Appliances
- Included: Dishwasher, Disposal, Refrigerator
- Laundry: Laundry Room, Main Level
Features
- Basement: Finished
Interior area
- Total structure area: 3,407
- Total interior livable area: 6,301 sqft
- Finished area above ground: 3,407
- Finished area below ground: 2,894
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Attached Garage, Garage on Main Level
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Mountain(s), Year Round
Lot
- Size: 2.44 Acres
Details
- Parcel number: 963338473600000
- Zoning: R-1
- Special conditions: Standard
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Stone
Condition
- New construction: Yes
- Year built: 2026
Details
- Builder name: Heatherly Construction
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: The Cliffs At Walnut Cove
HOA
- Has HOA: Yes
- HOA fee: $3,515 annually
- HOA name: Carlton Property Sevices
Location
- Region: Arden
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $745/sqft
- Tax assessed value: $2,036,600
- Annual tax amount: $3,925
- Date on market: 4/10/2026
- Cumulative days on market: 176 days
- Listing terms: Cash,Conventional
- Road surface type: Other, Paved
Estimated market value
$4,536,700
$4.31M - $4.76M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $4,695,000+1186.3%$745/sqft |
Source: | ||
| 6/12/2024 | Sold | $365,000+30.8%$58/sqft |
Source: Public Record Report a problem | ||
| 10/17/2003 | Sold | $279,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,925 +48.1% | $608,900 +41.4% |
| 2024 | $2,651 +3.3% | $430,600 |
| 2023 | $2,566 +1.7% | $430,600 |
| 2022 | $2,523 | $430,600 |
| 2021 | $2,523 -2.3% | $430,600 +5.1% |
| 2020 | $2,582 | $409,900 |
| 2019 | $2,582 | $409,900 |
| 2018 | $2,582 +72.6% | $409,900 +90.4% |
| 2017 | $1,496 -42.1% | $215,300 |
| 2016 | $2,582 | $215,300 |
| 2015 | -- | $215,300 |
| 2014 | $1,496 | $215,300 |
| 2013 | -- | $215,300 -34.6% |
| 2012 | -- | $329,200 |
| 2011 | -- | $329,200 |
| 2010 | -- | $329,200 |
| 2009 | -- | $329,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28704
Nearby schools
Schools provided by the listing agent
- Elementary: Avery's Creek/Koontz
- Middle: Valley Springs
- High: T.C. Roberson
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.








