Maggie Valley · Maggie Valley, NC
202 Emerald Lane
Maggie Valley, NC · 6,805 sqft
$2,495,000
Reduced from $3,900,000
- 4Beds
- 6.5Baths
- 6,805SqFt
- 2008Year
- 851Days on market
About this home
At 3,400’ in elevation, 202 Emerald Lane is a refined mountain estate offering stunning views, coveted southern exposure, natural cool breezes, and turnkey luxury. Accessed by just two gentle turns off a state-maintained road, the property combines easy arrival with true mountain privacy.
The main level delivers elegantly comfortable single-level living, while the flexible layout easily accommodates gatherings of family and friends. A separate guest house provides a retreat within a retreat—ideal for extended family, visitors, home office use, or flexible living arrangements.
The home is priced well below a recent independent, certified appraisal of the real property, presenting a compelling value relative to comparable mountain estates. Offered as a fully turnkey opportunity, the property includes a comprehensive furniture and amenity package, allowing immediate enjoyment and seamless transition for new ownership. For added peace of mind, the seller is providing a transferable 3-year total home warranty, including roof and stucco coverage. Importantly, the property has no rental restrictions, offering flexibility for personal use, investment, or mixed-use ownership.
The luxury destination, Cataloochee Ranch, awaits moments away, as does Cataloochee Ski Resort. Spontaneously enjoy dining, shopping, hiking, biking, skiing, fishing, and Harrah’s Cherokee Casino (15 miles). Asheville is an easy drive, while Maggie Valley and Waynesville beckon with nearby nostalgia.
Included in the offering is an additional 0.82-acre lot with well and two-bedroom septic installed, providing future flexibility for expansion, a pool, or even an additional residence.
Property details
- Beds
- 4
- Baths
- 6.5
- SqFt
- 6,805
- Lot
- —
- Year built
- 2008
- Type
- Single Family
- Days on market
- 851
- Garage
- 6
- Style
- Traditional, Transitional
- Heating
- Floor Furnace, Forced Air, Heat Pump, Propane
- Cooling
- Central Air, Heat Pump
- Foundation
- Basement
- Flooring
- Carpet, Tile, Wood
- View
- Long Range, Mountain(s)
Features
- Kitchen Island
- Open Floorplan
- Pantry
- Hot Tub
- Outdoor Kitchen
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$18,363/ month
- Principal & interest
- $15,452
- Property tax (~1.05%)
- $2,183
- Homeowners insurance
- $727
- HOA dues
- —
Down payment
$124,750 down · $2,370,250 financed
Income to qualify (28% rule)
~$786,990 / 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.