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671 Mills River Way, Horse Shoe, NC, 28742

4beds
5baths
4,568sqft
$1,690,000
$370price/sqft
$10,200/moest. monthly cost
$408,000/yrincome needed

About This Home

Private mountain estate in the gated Homestead at Mills River, offering over 4,500 square feet of refined living space and a rare opportunity to expand with additional adjoining acreage. Custom-built by AR Homes, this exceptional 1.5-story residence blends timeless craftsmanship, luxury finishes, and seamless indoor-outdoor living in one of Western North Carolina’s most sought-after communities. Designed for both everyday comfort and elevated entertaining, the open-concept main living area features expansive windows, a chef’s kitchen, and a retractable glass wall opening completely to the covered outdoor living space for a true year-round indoor-outdoor experience. The spacious primary suite provides a private retreat with a spa-inspired bath, while additional bedrooms and flexible living areas offer ideal space for guests, multi-generational living, or work-from-home functionality. Dual laundry rooms on both levels add convenience and flexibility. Thoughtful lifestyle features include a dedicated dog wash station, pet-friendly design elements, fenced yard, and a newly installed greenhouse. Built with long-term comfort and efficiency in mind, the home also includes whole-house water filtration with reverse osmosis, fully encapsulated crawlspace with dehumidification, dual tankless water heaters, and natural gas service. Situated on a private wooded homesite within a gated community featuring a riverfront clubhouse and natural surroundings, this property offers both seclusion and connection. A rare opportunity exists to acquire the adjoining 23 unrestricted acres outside the HOA — ideal for creating a private estate, family compound, equestrian property, or future investment opportunity.

Getting Around

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

Schools

8/10
Mills River ElementaryGrades PK-53.7 mi
6/10
Rugby MiddleGrades 6-86.8 mi
8/10
West Henderson HighGrades 9-126.7 mi

Construction

Condition

  • Year built: 2017

Materials

  • Foundation: Crawl Space
  • Construction materials: Stucco,Stone,Synthetic Stucco

Other

  • Builder name: AR Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Exhaust Fan,Gas Cooktop,Microwave,Refrigerator,Tankless Water Heater,Wall Oven
  • Laundry features: Mud Room,Laundry Room,Main Level,Upper Level

Basement

  • Has basement: Yes
  • Basement: Exterior Entry,Partially Finished

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Half

  • Level: Main

Bedroom S

  • Features: En Suite Bathroom
  • Level: Upper

Bedroom S

  • Features: En Suite Bathroom
  • Level: Upper

Bedroom S

  • Features: En Suite Bathroom
  • Level: Upper

Bedrooms & Bathrooms

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

Dining Area

  • Level: Main

Features

  • Soaking Tub,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s),Walk-In Pantry
  • Flooring: Carpet,Tile,Wood
  • Fireplace features: Gas,Gas Log,Great Room,Living Room,Outside,Porch
  • Finished area below ground: 0
  • Finished area above ground: 4,568

Flex Space

  • Level: Upper

Great Room

  • Features: Coffered Ceiling(s)
  • Level: Main

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,568
  • Total interior livable area: 4,568 sqft

Kitchen

  • Features: Kitchen Island
  • Level: Main

Laundry

  • Level: Main

Laundry

  • Level: Upper

Media Room

  • Level: Upper

Other

  • Level: Main

Primary Bedroom

  • Features: En Suite Bathroom,Garden Tub
  • Level: Main

Property

Details

  • Parcel number: 9611933771
  • Zoning: R3
  • Special condition: Standard
  • Other equipment: Generator,Surround Sound
  • Horse amenities: None

Features

  • Levels: 1 Story/F.R.O.G.
  • Patio & porch: Covered,Deck,Screened
  • Exterior features: Fire Pit
  • Fencing: Back Yard
  • Has view: Yes
  • View description: Mountain(s)
  • Waterfront features: None

Lot

  • Lot size: 1.33 Acres
  • Features: Private,Wooded,Views

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage,Garage Door Opener,Garage Faces Side,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
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Henderson 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 $8,545$102,540
Home Insurance *$502$6,024
Property Taxes $728$8,736
Electricity $425$5,105
Total$10,200$122,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$349,714/yr
40% on housing$306,000/yr
45% on housing$272,000/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: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.3%
5.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$370This listing

vs Other Active Listings

Avg $/sqft

ZIP 28742$352
Henderson County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 28742$299
Henderson County$254

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
2026-05-08Price change$1,790,000
2026-05-03Listed for sale$1,890,000
2016-08-05Sold$120,000
2006-02-22Sold$200,000

For Sale by Agent

AgentKenny Dowell
BrokerageSellstate Choice Realty

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