501 Falls Drive East, Highlands, NC 28741
Property image
Property image
OFF MARKET

$2,253,100

Trulia Estimate
  • 3 Beds
  • 3.5 Baths

501 Falls Drive East, Highlands, NC 28741

Est. Refi. Payment $12,092/mo*
Refinance Your Home
Currently Off Market - Sold Jul 11, 2024 for $2,100,000

Home Value

Trulia Estimate
$2.25M
Since last month
Decreased$19K (-0.8%)
Since last year
Increased$53K (+2.4%)
Since last sale
Increased$153K (+7.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +186% in the last 10 years
MonthEstimated value
2026
August 2026$2.25M
July 2026$2.27M
June 2026$2.22M
May 2026$2.24M
April 2026$2.22M
March 2026$2.24M
February 2026$2.22M
January 2026$2.23M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
36 Rocky Ridge Road, Highlands, NC
0.22
Single-Family Home
$1,500,000
09/23/25
3
3
-
63 Rocky Ridge Road, Highlands, NC
0.28
Single-Family Home
$1,595,000
12/03/25
3
3
-
1080 Sky Lake Drive, Highlands, NC
0.57
Single-Family Home
$2,175,000
07/08/26
3
3.5
-
2050 Cullasaja Club Drive, Highlands, NC
0.50
Single-Family Home
$2,622,000
03/19/26
4
4.5
-
72 Winterberry Court Court #7, Highlands, NC
0.35
Single-Family Home
$1,945,500
09/10/25
3
4
-
149 Woodland Hill Drive, Highlands, NC
0.63
Single-Family Home
$1,067,000
08/14/26
3
3
-
LT 110 River's Rdge Road, Highlands, NC
0.84
Single-Family Home
$2,593,119
05/14/26
3
3.5
-
80 Ridge Lake Circle, Highlands, NC
0.26
Single-Family Home
$986,000
09/02/25
3
3
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
110 Spruce Lane, Highlands, NC 28741
0.11
$4,950,000
5
5
-
For Sale
82 Azalea Road, Highlands, NC 28741
0.15
-
2
2
-
Off Market
K 21 Spruce Ln, Highlands, NC 28741
0.16
-
-
-
-
Off Market
TBD Dogwood, Highlands, NC 28741
0.17
-
-
-
-
Off Market
A-14 W Falls, Highlands, NC 28741
0.17
-
-
-
-
Off Market
226 Sky lake Drive, Highlands, NC 28741
0.20
$1,895,000
3
4.5
-
For Sale
34 Spruce Lane, Highlands, NC 28741
0.21
$1,934,300
4
3
-
Off Market
36 Rocky Ridge Road, Highlands, NC 28741
0.22
$1,504,500
3
3
-
Off Market
648 Sky Lake Drive, Highlands, NC 28741
0.23
$1,356,300
3
2.5
-
Off Market
44 Ridge Lake Circle, Highlands, NC 28741
0.23
$811,300
3
2
-
Off Market
50 Ridge Lake Circle, Highlands, NC 28741
0.24
$617,800
2
2
-
Off Market

Local Information

  • Map ViewExplore the area around 501 Falls Drive East.
  • Schools2 Elementary Schools2 Middle Schools3 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1978
Lot Size
0.43 acres
Parking
Garage

About this House

Welcome to lakeside luxury living at Highlands Falls Country Club! This three-bedroom, two-and-a-half-bathroom home offers an unparalleled retreat in an idyllic setting. Step inside to discover a warm and inviting ambiance where the main level boasts an open layout, featuring a cozy living room adorned with one of three charming fireplaces. Whether you're unwinding after a long day or entertaining guests, this delightful space sets the perfect backdrop for any occasion. The heart of the home resides in the gourmet kitchen, complete with modern appliances, and ample cabinetry. Adjacent to the kitchen, the dining area beckons with scenic views of the surrounding landscape, creating a picturesque backdrop for memorable meals with loved ones. For those who crave outdoor living, the screened porch awaits, offering a tranquil retreat where you can bask in the beauty of nature while enjoying the warmth of a crackling fire. From sunrise coffee sessions to evening cocktails, this serene sanctuary promises endless moments of relaxation. The main level offers two bedrooms and an office, which everyone seems to put at the top of their wish list. The primary bedroom is large with an amazing custom closet large enough for both of you. Downstairs, the terrace level unveils a spacious family room, complete with yet another fireplace, a game area, and direct access to a charming stone patio. Outside, the property is adorned with practical amenities, including a two-car garage, a convenient carport, and a picturesque pea gravel circular driveway. Moreover, convenience meets leisure with the home's proximity to the clubhouse, pool, croquet lawn, pickleball, and tennis courts, all within walking distance. Membership in Highlands Falls is by invitation and provides access to all the amenities which also includes a championship golf course and scenic dining, plus the best fitness center on the mountain.
501 Falls Drive East, Highlands, NC 28741 is a 3 bedroom, 4 bathroom single-family home built in 1978. It last sold for $2,100,000 on Jul 11, 2024 (8% below the $2,295,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,253,100, with a rent estimate of $6,620/month.
Last check for updates: about 7 hours ago
Listed by Judith Michaud
Berkshire Hathaway HomeServices Meadows Mountain Realty
Mitzi Rauers
Berkshire Hathaway HomeServices Meadows Mountain Realty
Bought with: Judith Michaud, Berkshire Hathaway HomeServices Meadows Mountain Realty
Originating MLS: Highlands Cashiers Board of Realtors
Source: HCMLS, MLS#104157

Home Details for 501 Falls Drive East

Interior Features

Interior Details
Basement: Exterior EntryNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Den, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Appliances & Utilities
Utilities: Cable Available, High Speed Internet AvailableAppliances: Dryer, Dishwasher, Disposal, Gas Oven, Refrigerator, WasherDishwasherDisposalDryerLaundry: Washer Hookup,Dryer HookupRefrigeratorWasher
Heating & Cooling
Heating: Central,Electric,Heat PumpHas CoolingAir Conditioning: Central Air,Heat PumpHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Den, Living Room, Outside, Wood BurningHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Laminate, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Laminate, Tile, Wood
View
Has a ViewView: Golf Course, Lake, Mountain(s)
Security
Security: Gated Community

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Covered, Deck, ScreenedExterior: NoneFoundation: Slab
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 2Number of Covered Spaces: 4Has a CarportHas a GarageParking Spaces: 4Parking: Circular Driveway,Carport,Driveway,Garage,Two Car Garage
Frontage
Waterfront: LakeRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Septic TankWater Body: No Name Known

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow
Building
Construction Materials: Stone, Wood SidingNot a New Construction
Property Information
Parcel Number: 7540877476

Price & Status

Price
List Price: $2,295,000
Status Change & Dates
Off Market Date: Thu Jul 11 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: HighlandsCommunity: Highlands Falls Cc

Community

Community Features: Gated

HOA

Association for this Listing: Highlands Cashiers Board of RealtorsHas an HOA

Lot Information

Lot Area: 0.43 acres

Offer

Listing Terms: Cash

Miscellaneous

Mls Number: 104157Living Area Range Units: Square FeetWater ViewWater View: LakeAttribution Contact: 8285261717Universal Property Id: US-37113-N-7540877476-R-N

Additional Information

Gated

Price and Tax history

DateEventPrice
Jul 11, 2024
Source: HCMLS #104157
Sold
$2,100,000
Apr 30, 2024
Source: BHHS broker feed #104157
Pending
$2,295,000
Apr 29, 2024
Source: HCMLS #104157
Contingent
$2,295,000
Apr 20, 2024
Source: HCMLS #104157
Listed For Sale
$2,295,000
Jun 2, 2015
Source: HCMLS #80579
Sold
$737,500

Market trends in Highlands

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
191
5MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Highlands

At least 19 Trulia users voted on each feature.

  • 95 % Say it's dog friendly

  • 91 % Say it's quiet

  • 89 % Say car is needed

  • 89 % Say yards are well-kept

  • 84 % Say people would walk alone at night

  • 76 % Say there's holiday spirit

  • 74 % Say parking is easy

  • 74 % Say they plan to stay for at least 5 years

  • 74 % Say there's wildlife

  • 74 % Say there are community events

  • 54 % Say neighbors are friendly

  • 52 % Say streets are well-lit

  • 46 % Say kids play outside

  • 44 % Say it's walkable to grocery stores

  • 30 % Say it's walkable to restaurants

  • 25 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Kimberlyg833
    "It’s beautiful and appears to be a great place to raise a family. I used to come here as a child back in the 70’s with my parents and it’s still as I remember it. Quaint and beautiful. "
    15
    Flag
  • Karie.mcclure
    "not sure only a renter at this point but love how safe And low key it is .. great weather as well nice people "
    2
    Flag
  • Pam
    "Great small town. Elevation 4000 feet plus. Friendly residents. Lots to do for a small town. A little pricy, but worth it. Great hiking and waterfalls galore. Dog friendly neighborhood and town."
    7
    Flag
  • Christine B.
    "It's a very friendly community. When the tourists come to town for the season it gets overcrowded but some non locals are really friendly. "
    6
    Flag
  • Bill B.
    "I live here and love the weather, hiking trails, water falls, and the National Forest. 4,118 feet elevation provides cool weather in the summer."
    3
    Flag
  • Susan C.
    "What a beautiful place to live ... there is nothing as peaceful or beautiful as the mountains and this lovely, quaint town."
    3
    Flag
  • Rick C.
    "There's no Wal-Mart or fast food joints. Life in the mountains has an easier pace. You are removed from the city, but that's why we live here, to get away from it all. There is a world class spa, fine dining on smaller scale, exquisite shops. Think Breckinridge, without the skiing.Beautiful mountains, hiking, mountain biking, floral life, live music, plays, wineries, what more do you want?"
    2
    Flag
  • carolrosen
    "Great area, lovely home, easy comfortable living"
    3
    Flag
  • John D.
    "A great place to spend the summer, and within walking distance to town."
    3
    Flag
  • Nadine P.
    "A wonderful community with a year round caretaker, pool, tennis courts and swimming pool plus it is gated. Certainly not a necessity in Highlands! I would recommend King Mtn to anyone looking for lush foliage, fantastic views and wonderful amenities."
    0
    Flag
  • Nadine P.
    "I have lived in Highlands, NC for 7 years and still upon returning from out of town get a peacefulness when I hit Main St or the Gorge Rd from Franklin. Prettiest place anywhere...you must visit!"
    0
    Flag
  • Dorothy S.
    "You will find that people are extremely friendly. We have four mild seasons. Winter is wonderful. Nothing is better than curling up with a book in front of a crackling fire."
    1
    Flag

LGBTQ Local Legal Protections

Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.

Frequently asked questions about 501 Falls Drive East

  • What is 501 Falls Drive East estimated to be worth?
    Trulia's estimated value for 501 Falls Drive East in Highlands, NC is $2,253,100.
  • What is the price history for 501 Falls Drive East?
    501 Falls Drive East in Highlands, NC last sold for $2,100,000 in July 2024.
  • Is Highlands a buyer's or seller's market?
    Highlands is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Highlands?
    Residents describe Highlands, NC as dog-friendly, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Highlands, NC.
  • Does 501 Falls Drive East have air conditioning?
    Yes, 501 Falls Drive East in Highlands, NC has air conditioning.
  • Does 501 Falls Drive East have laundry facilities?
    Yes, 501 Falls Drive East in Highlands, NC has in-unit laundry.

Explore by feature - Air Conditioning

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