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156 Grayling Dr, Cullowhee, NC, 28723

4beds
4baths
2,590sqft
$1,075,000
$415price/sqft
$6,274/moest. monthly cost
$250,960/yrincome needed

About This Home

This luxurious modern farmhouse is perfectly situated above the tranquil Tuckasegee River, a fisherman’s dream stocked with trout and perfect for floating or kayaking directly from your backyard. The gently sloping, oversized lot offers one of the most desirable settings in the neighborhood, with a large grassy backyard, no flood damage during Hurricane Helene, and plenty of parking for family and guests. Inside, the home features a spacious open floor plan with beautiful river views from nearly every window. The main level includes a large living room that flows into an elegant kitchen and dining area with a half bath. From here, step onto one of two expansive Trex decks, ideal for lounging and entertaining while overlooking the river. The upper level serves as a true retreat, with a primary bedroom that opens into a spacious office with a sleek wet bar, a private Trex deck, and a spa-like bathroom with a soaking tub and tiled shower. The third floor includes two generous guest bedrooms, each with its own private full bathroom. A Redwood Outdoors 6-person barrel sauna, featuring a powerful 8kW Harvia WiFi-controlled heater and a full glass wall that looks out over the water, creating a private wellness experience. The home also offers a large covered front porch, an oversized two-car garage with an unfinished upstairs, and tasteful stone landscaping that ties everything beautifully into the upscale neighborhood. Built with 2x6 construction, the home includes industrial-grade LVP flooring throughout, with durable carpet on the stairs. The design blends premium craftsman style with modern farmhouse touches. It comes fully furnished (excluding a few select pieces) and includes high-end appliances such as a washer, dryer, and refrigerator. The kitchen features premium Miele appliances, including the oven, microwave, and dishwasher. Enjoy the benefits of natural gas, including a gas stove and a grill hookup. The property is also connected to high-speed fiber internet, making it ideal for remote work or streaming. Located just seconds from the Western Carolina University campus, this home offers both convenience and privacy. The community allows select short-term rentals, and this property is one of the few that qualifies. Other similar rentals in the neighborhood have a proven track record of profitability, while the remaining homes are owner-occupied family residences. This is a rare opportunity to own a premium riverfront home with unmatched views, luxurious features, and income potential!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

2/10
Cullowhee Valley SchoolGrades PK-81.1 mi
7/10
Jackson Co Early CollegeGrades 9-123.8 mi
5/10
Smoky Mountain HighGrades 9-123.9 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Crawl Space
  • Construction materials: Hardboard Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Exhaust Hood,Gas Cooktop,Gas Water Heater,Microwave,Refrigerator,Wall Oven
  • Laundry features: Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Open Floorplan,Sauna,Walk-In Closet(s)
  • Door features: Sliding Doors
  • Window features: Insulated Windows
  • Fireplace features: Gas,Gas Log,Living Room
  • Finished area below ground: 0
  • Finished area above ground: 2,590

Heating & Cooling

  • Heating features: Heat Pump,Natural Gas,Zoned
  • Cooling features: Heat Pump,Zoned

Interior Area

  • Total structure area: 1,785
  • Total interior livable area: 2,590 sqft

Living Room

  • Level: Main
  • Area: 313.2936
  • Dimensions: 16' 5" X 19' 1"

Property

Details

  • Parcel number: 7559716329
  • Zoning: None
  • Special condition: Standard
  • Exclusions: Living Room - China Cabinet,Dining Room - Buffett Table,Garage - Weight Rack

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Balcony,Deck,Front Porch,Porch
  • Exterior features: Fire Pit,Sauna
  • Has view: Yes
  • View description: Mountain(s),Water,Year Round
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Covered structure,Retaining Wall,River Front
  • Waterbody name: Tuckasegee River

Lot

  • Lot size: 0.31 Acres
  • Features: Flood Plain/Bottom Land,Rolling Slope,Sloped,Views

Parking

  • Total spaces: 6
  • Parking features: Detached Garage,Garage Shop,Parking Space(s),Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

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 WaveVery High
  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Ice Storm
Strong Wind
Tornado
Winter Weather
Drought
Earthquake
Hail

FEMA Declared Disasters in Jackson 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 $5,435$65,220
Home Insurance *$331$3,972
Property Taxes $267$3,204
Electricity $241$2,894
Total$6,274$75,288
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$215,108/yr
40% on housing$188,220/yr
45% on housing$167,306/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$415This listing

vs Other Active Listings

Avg $/sqft

ZIP 28723$296
Jackson County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 28723$361
Jackson County$377

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
2026-04-30Price change$1,075,000
2025-08-28Price change$1,125,000
2025-08-12Price change$1,175,000
2025-08-01Listed for sale$1,200,000
2023-07-21Sold$738,000
2022-09-26Listing removed--
2022-08-21Listed for sale$949,000
2022-08-21Listing removed$949,000
2022-06-15Listed for sale$949,000
2020-07-15Sold$140,000
2020-05-29Pending sale$239,000
2020-05-27Price change$239,000
2019-11-20Listed for sale$280,000
2017-09-06Sold$175,000

For Sale by Agent

AgentTravis Bouck
BrokerageHoward Hanna Beverly-Hanks Waynesville

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