Skip to main content
Active

692 Lost Trail

Highlands, NC 28741

Active Listed 178 Days Price cut to $3,900,000 Jul 16, 2026 Listing ID CAR 298429137

$3,900,000
Est. $25,260/mo20% down · 7.125% · 30-yrAdjust
  • P&I$21,020
  • Taxes$2,438
  • Insurance$1,300
  • HOA$502

Principal, interest, property tax, insurance & HOA. Estimate only — not a loan offer.

Get pre-approvedOpen full calculator

$920/Sq Ft

3 bd · 2 ba · 4,241 sqft · $920/sqft

3 Beds
2 Baths
4,241 Sq Ft
$920/Sq Ft
2021 Built
1.96 acres Single Family Residence Cullasaja Club Listed Mar 23, 2026 Updated Jul 16, 2026 HOA $6,024/yr

Waterfront

WaterRavenel Lake

HOA & Association

Dues$6,024/yrMonthly≈ $502/mo

About This Home

Built in 2021 and positioned on approximately 1.96 acres, this contemporary mountain residence offers refined craftsmanship, modern comforts, and striking Whiteside Mountain views from every room on the main level and many rooms on the lower level. Located within the gated Cullasaja Club community in Highlands, NC, the home captures the relaxed elegance and natural beauty of the Highlands-Cashiers Plateau.

The main level centers around a spacious great room with soaring ceilings and a gas fireplace shared with the primary owner’s suite. Expansive sliding glass doors frame the mountain landscape and open to a screened porch with a wood-burning fireplace, creating a seamless indoor-outdoor living experience. The porch connects to an open deck accessed from the primary suite.

The primary bedroom is located on the main level and features mountain views along with a generous ensuite bath that includes a soaking tub, glass walk-in shower, and walk-in closets.

The kitchen blends clean design with high-end functionality and features built-in appliances including a gas stove and double ovens. A formal dining area and casual dining space provide flexibility for everyday living and entertaining.

The lower level offers additional living space designed for comfort and recreation. Two guest bedrooms share a Jack-and-Jill bath, while the recreation room includes a fireplace, pool table area, and wet bar. Sliding doors lead to a covered deck with a hot tub.

Large windows throughout the home bring natural light indoors while showcasing the impressive mountain views.

Approved membership provides access to Cullasaja Club’s world-class amenities, including an Arnold Palmer–designed championship golf course, clubhouse dining, wellness facilities, tennis, swimming, and a vibrant social calendar. Additional features include lake access to Ravenel Lake and an extensive trail network throughout the community, with connections to the adjoining National Forest.

Property history

  1. Jul 16, 2026
    Price reduced $3,900,000 Active
    Was $4,250,000
  2. May 28, 2026
    Price reduced $4,250,000 Active
    Was $4,750,000
  3. Mar 23, 2026
    Listed for sale $4,750,000 Active
    Listed 178 Days

Property Details

Interior Details

Heating
  • Central
  • Heat Pump
Flooring
  • Carpet
  • Tile
  • Wood
Main Level Sq Ft
2486
Room Count
13
Main Level Bedrooms
1
Lower Level Bedrooms
0
Third Level Bedrooms
0
Upper Level Bedrooms
0
Main Level Full Baths
1
Main Level Half Baths
1
Lower Level Full Baths
0
Third Level Full Baths
0
Upper Level Full Baths
0
Lower Level Half Baths
0
Third Level Half Baths
0
Upper Level Half Baths
0
Half Bathrooms
2
Basement Bedrooms
2
Second Living Quarters Bedrooms
0
Total Bathrooms
4
Basement Full Baths
1
Second Living Quarters Full Baths
0
Basement Half Baths
1
Second Living Quarters Half Baths
0
Laundry Features
  • In Kitchen
  • Laundry Room
  • Main Level
Interior Features
  • Breakfast Bar
  • Built-in Features
  • Hot Tub
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Storage
  • Walk-In Closet(s)
  • Walk-In Pantry
  • Wet Bar
Main Level Garage
Yes
Security Features
  • Security Service
Fireplace Features
  • Den
  • Gas
  • Great Room
  • Outside
  • Primary Bedroom
  • Propane
  • Recreation Room
  • See Through

Dwelling And Structure

Architectural Style
  • Traditional
Construction Type
Site Built

Square Footage And Levels

Levels
  • One
Above Grade Finished Area
2486
Below Grade Finished Area
1755

Parking And Garage

Parking Features
  • Driveway
  • Attached Garage
  • Garage Faces Front
  • Golf Cart Garage
  • Keypad Entry

Exterior Features

Roof
  • Architectural Shingle
  • Metal
Exterior Features
  • Above Ground Hot Tub / Spa
Construction Materials
  • Stone Veneer
  • Wood
Patio And Porch Features
  • Balcony
  • Covered
  • Deck
  • Enclosed
  • Front Porch
  • Screened

Lot And Land

Lot Features
  • Sloped
  • Views
Lot Size Acres
1.96
Lot Size Units
Acres

Basement And Foundation

Basement
  • Daylight
  • Finished
  • Full
  • Interior Entry
Foundation Details
  • Basement

Waterfront And View

View
  • Mountain(s)
  • Year Round
Waterfront Features
  • Boat Slip – Community

Utilities

Sewer
  • Private Sewer
Utilities
  • Electricity Connected
  • Fiber Optics
  • Propane
  • Underground Utilities
Water Source
  • Community Well

Financial Information

City Taxes Paid To
No City Taxes Paid
Hoa Dues
Mandatory

Zoning And Restrictions

Zoning
RES
Subject To Ccrs
Yes
Restrictions
  • Architectural Review
  • Building
  • Deed
  • Manufactured Home Not Allowed
  • Modular Not Allowed
  • Rental – See Restrictions Description
  • Signage
  • Use
Restrictions Description
No STRs

Listed by Doug Treadwell (828-482-2800) · MOUNTAIN LIFE REAL ESTATE, LLC (828-239-8814)

Location

Address
692 Lost Trail
City
Highlands, NC 28741
Get directions: Apple MapsGoogle Maps
Explore the area →
Canopy MLS

Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.

IDX information is provided exclusively for consumers’ personal, non-commercial use only; it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS GRID. Use of this site may be subject to an end user license agreement.

Based on information submitted to the MLS GRID as of Jul 16, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some IDX listings have been excluded from this website.

Any use by you of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

DMCA Notice: Palmetto Park Realty respects the intellectual property rights of others. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide our designated agent with written notice containing the following information: (1) identification of the copyrighted work claimed to have been infringed; (2) identification of the material that is claimed to be infringing; (3) your contact information; (4) a statement that you have a good faith belief that use of the material is not authorized; and (5) a statement that the information in the notification is accurate and you are authorized to act on behalf of the copyright owner.

Please send DMCA notices to: hello@palmettopark.com

Schedule a Showing

692 Lost Trail, Highlands, NC, 28741

Step 1 of 2

Note: All times are Eastern Time (ET). Showings must be scheduled at least 2 hours in advance.

Time

Add a place