Balsam Grove · Balsam Grove, NC
114 Phivo Drive
Balsam Grove, NC · 1,261 sqft
$525,000
Reduced from $555,999
- 2Beds
- 2Baths
- 1,261SqFt
- 2026Year
- 124Days on market
About this home
Ideally situated between Pisgah National Forest and the Blue Ridge Parkway, with nearby towns of Brevard and Cashiers, sits this newly constructed, custom mountain home with a wrap around porch, exceptional layout, high-end finishes, and superior craftsmanship. The finished basement garage leads directly into a mud room and the almost 400 additional square feet of space ideal for an in-law-suite, studio, spa, or rental unit is plumbed, wired, and ready to be finished however you desire. Utilizing the interior or exterior entrances, the main level has towering ceilings that are beautifully designed and give the true mountain charm you are looking for. Plenty of windows allow the home to be filled with natural light, and the open concept is perfect for entertaining. The kitchen features custom cabinets, granite countertops with matching granite slabbed backsplash, and stainless appliances. The bathrooms shine with brilliant tile work and upgraded fixtures. The upper level is just as impressive with a balcony overlooking the great room, and an adequately sized primary suite w/additional flex space. Don't miss out on the opportunity to own this new construction on an unrestricted piece of mountain paradise where mountain biking, hiking, fishing, and nature enthusiasts thrive. Also, notice, the total square footage doesn't reflect the upper level areas with slopped ceilings and the unfinished basement suite which will add even more square footage and opportunity to take advantage of upon build out--the mini-split HVAC unit is even being provided by the seller!
Property details
- Beds
- 2
- Baths
- 2
- SqFt
- 1,261
- Lot
- —
- Year built
- 2026
- Type
- Single Family
- Days on market
- 124
- Garage
- 1
- Style
- Arts and Crafts
- Heating
- Ductless
- Cooling
- Ductless
- Foundation
- Basement
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,863/ month
- Principal & interest
- $3,251
- Property tax (~1.05%)
- $459
- Homeowners insurance
- $153
- HOA dues
- —
Down payment
$26,250 down · $498,750 financed
Income to qualify (28% rule)
~$165,599 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.