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2488 Catawba Falls Pkwy, Black Mountain, NC, 28711

5beds
5baths
4,653sqft
$2,150,000
$462price/sqft
$13,127/moest. monthly cost
$525,080/yrincome needed

About This Home

Perched on a commanding ridgeline in the gated Catawba Falls Preserve community, this exceptional 2022-modern mountain home delivers panoramic and long-range views from virtually every room — sunrise from the east, sunset from the west, layered Blue Ridge peaks visible from the kitchen, living room, bedrooms, back porch, and lower-level patio hot tub alike. The main and upper level offers nearly 5,000 sq ft of thoughtfully designed living space: an open-concept great room with soaring vaulted ceilings, a dramatic wall of windows framing the mountain vistas, a large kitchen island, gas fireplace and custom built-ins with plenty of storage. Five bedrooms and 4.5 baths include a spectacular primary suite with separate dual vanity areas, deep soaker tub, oversized walk-in shower, and a huge walk-in closet with custom built-in shelving. The home is furnished with high-end Arhaus pieces available to purchase separately. The upper level features a bar and billiards room with widows for mountain vistas as art. Outdoor living here is effortless and stunning. The expansive back deck offers multiple seating areas and room to grill, all facing long-range mountain views that stretch ridge after ridge into the distance. Steps away, the lower patio delivers a view and a retreat — a private hot tub, a stone fire pit, and professionally landscaped stone pathways that make the grounds feel as considered as the interior An additional 3,000+ sq ft of unfinished space on the lower level — roughed in and ready — provides exceptional potential for two additional bedrooms, a home theater, gym, or expanded entertainment suite. Additional highlights: whole-house generator, 2-car garage with epoxy-coated floors, EV charger, and built-in storage. Paved roads throughout the well-maintained, gated community. Approximately 2,500 ft elevation — a little higher than the town of Black Mountain — delivering cooler summers and stunning seasonal color. Currently operated as a successful short-term rental (~50% of the year) and second residence. STR-permitted community. Only 20 minutes to Black Mountain.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
2/10
McDowell High SchoolGrades 9-1214.4 mi

Construction

Condition

  • Year built: 2022

Materials

  • Construction materials: Fiber Cement,Stone Veneer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse,Modern
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Dryer,Microwave,Oven,Refrigerator,Washer
  • Laundry features: Main Level

Bar Entertainment

  • Level: Upper

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Unfinished

Bathroom Full

  • Features: Garden Tub,Open Floorplan,Walk-In Closet(s)
  • Level: Main

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Half

  • Level: Main

Bedroom S

  • Level: Main

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bedrooms: 2

Dining Area

  • Level: Main

Features

  • Flooring: Vinyl
  • Fireplace features: Gas
  • Finished area below ground: 0
  • Finished area above ground: 4,653

Flex Space

  • Level: Lower

Heating & Cooling

  • Heating features: Central,Electric,Forced Air,Heat Pump
  • Cooling features: Ceiling Fan(s),Electric,Heat Pump

Interior Area

  • Total structure area: 4,653
  • Total interior livable area: 4,653 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Office

  • Level: Main

Primary Bedroom

  • Features: Ceiling Fan(s),Walk-In Closet(s)
  • Level: Main

Property

Details

  • Parcel number: 063800158855
  • Zoning: RES
  • Special condition: Standard
  • Other equipment: Generator

Features

  • Levels: Two and a Half
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Covered,Deck
  • Exterior features: Fire Pit
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Back Yard,Full
  • Has view: Yes
  • View description: Mountain(s),Year Round
  • Waterfront features: None

Lot

  • Lot size: 14 Acres
  • Features: Paved,Sloped,Wooded,Views

Parking

  • Total spaces: 2
  • Parking features: Circular Driveway,Driveway,Attached Garage,Keypad Entry,Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Lightning
Drought
Hail
Inland Flooding
Landslide
Strong Wind
Tornado

FEMA Declared Disasters in McDowell County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,871$130,452
Home Insurance *$598$7,176
Property Taxes $1,225$14,700
Electricity $433$5,200
Total$13,127$157,524
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$450,068/yr
40% on housing$393,810/yr
45% on housing$350,053/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$462This listing

vs Other Active Listings

Avg $/sqft

ZIP 28711$268
McDowell County$256

vs Homes Sold Last Month

Median $/sqft

ZIP 28711$301
McDowell County$232

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-09Listed for sale$2,150,000
2021-01-25Sold$125,000
2006-01-27Sold$165,000

For Sale by Agent

AgentRebecca Lafunor
BrokerageReal Broker, LLC

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