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2535 Lakey Creek Rd, FRANKLIN, NC, 28734

4beds
3baths
2,835sqft
$1,149,000
$405price/sqft
$6,806/moest. monthly cost
$272,240/yrincome needed

About This Home

This 4-bed, 3-bath home with a separate guest cottage offers the ideal blend of acreage, privacy, and functionality in Western North Carolina. Situated on 12.93 unrestricted acres, the property is thoughtfully equipped for homesteading, livestock, or simply enjoying mountain living.The land is the true standout feature, complete with a pond, fenced pasture, two streams, mature apple and fruit orchard, and a 1,200 sq ft hay barn.Open usable space combined with natural water features creates both beauty and versatility.Additional exterior amenities include an RV hookup with water and sewer, gravity-fed well and covered parking. Inside, the main level features a welcoming living room with fireplace, a spacious country kitchen with walk-in pantry, and two laundry areas for added convenience. The entire second floor is dedicated to a private primary suite retreat with its own fireplace, full bath, and two closets. A full partitioned basement provides additional living space, workshop area, and a dedicated canning kitchen.An updated 1BR/1BA guest house offers space for extended family, guests, or potential rental income.A rare opportunity to own established infrastructure in WNC.

Getting Around

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

Schools

8/10
Iotla ElementaryGrades PK-46.1 mi
6/10
Macon Middle SchoolGrades 7-811.4 mi
6/10
Franklin HighGrades 9-1210.0 mi

Construction

Condition

  • Year built: 1993

Materials

  • Roof: Metal
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Trash Compactor,Dishwasher,Electric Oven/Range,Gas Oven/Range,Refrigerator,Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Partitioned,Finished,Daylight,Workshop,Exterior Entry,Interior Entry,Washer/Dryer Hook-up,Finished Bath

Bedroom2

  • Level: First
  • Area: 120

Bedroom3

  • Level: Second
  • Area: 392.08

Bedroom4

  • Level: Basement
  • Area: 168

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Level: First
  • Area: 184.21

Features

  • Country Kitchen,Large Master Bedroom
  • Window features: Insulated Windows,Screens
  • Flooring: Carpet,Vinyl,Some Hardwoods,Ceramic Tile
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Access Only

Heating & Cooling

  • Heating features: Electric,Propane,Heat Pump
  • Cooling features: Central Electric

Interior Area

  • Total structure area: 2,835
  • Total interior livable area: 2,835 sqft

Kitchen

  • Level: First
  • Area: 202.8

Living Room

  • Level: First
  • Area: 299

Master Bedroom

  • Level: Second
  • Area: 293.12

Property

Details

  • Parcel number: 6579796075
  • Other equipment: Generator

Features

  • Levels: Two
  • Patio & porch: Deck
  • Spa features: Bath
  • Has view: Yes
  • View description: Long Range View,View Year Round
  • Waterfront features: Pond
  • Residential vegetation: Partially Wooded
  • Living area range: 2801-3000

Lot

  • Lot size: 12.93 Acres
  • Features: Orchard(s),Rolling

Parking

  • Parking features: Carport-Double Detached
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

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
  • Landslide
    LandslideRelatively High
  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Landslide
Lightning
Inland Flooding
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Macon 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 $5,809$69,708
Home Insurance *$360$4,320
Property Taxes $373$4,476
Electricity $264$3,168
Total$6,806$81,672
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$233,348/yr
40% on housing$204,180/yr
45% on housing$181,493/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.4%
6.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$405This listing

vs Other Active Listings

Avg $/sqft

ZIP 28734$247
Macon County$559

vs Homes Sold Last Month

Median $/sqft

ZIP 28734
Macon County$264

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)

No zestimate history available

Price History

DateEventPrice
2026-02-18Listed for sale$1,149,000
2011-03-02Listing removed$900,000
2009-05-28Price change$900,000
2009-04-27Price change$550,000
2009-04-23Price change$1,300,000
2009-04-22Listed for sale$900,000

For Sale by Agent

AgentThomas Evan Harrell
BrokerageRealty One Group Vibe

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