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Active

40 Cougar Lane

Maggie Valley, NC 28751

Active Listed 692 Days Price cut to $195,000 Aug 24, 2026 Listing ID CAR 261718988

$195,000
Est. $1,388/mo20% down · 7.125% · 30-yrAdjust
  • P&I$1,051
  • Taxes$122
  • Insurance$65
  • HOA$150

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

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$78,062/acre

2.50 acres · $78,062/acre

2.50 Acres
MR-1 Zoning
Residential Lot
Listed Oct 29, 2024 Updated Aug 24, 2026

Land Essentials

PowerUnknownWaterWellSewerPublicTopographyCul-De-Sac, Views

HOA & Association

Dues$1,800/yrMonthly≈ $150/mo

Location

Address
40 Cougar Lane
City
Maggie Valley, NC 28751
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About This Lot

Unparalleled Mountain Views… Awesome, distant mountain VIEWS of the valley sweep around this 2.5-acre lot. These fully developed, south-facing lots have year-round VIEWS, looking down into the valley below and across to some of the highest mountain peaks east of the Rockies. Wake up to the sunrise and relax in the evening watching the sunset from the porch...

This estate-quality building site includes four lots: #13, #14 and #15 (combined), and #16, totaling 2.49 acres. The property includes community well water and city sewer, with electric and Spectrum Cable available at the lot. Paved access roads lead to Cougar Lane. This is a spectacular location for a vacation rental or forever home...

House Plan: Create your own house plan with 1200 minimum square feet—or use the seller’s plan... Lots #14 and #15 are ready to build on. Lot #13 could be developed for a small rental cabin or guest house; there is already a driveway installed on #13. Lot #16 would be more challenging to build on but offers a privacy buffer. The property extends to the road below, so the views may be maintained in the future...

The seller is willing to share the HOA-approved house plan for this site (#14 & #15). Included are: 1) A geotechnical report 2)Engineered house plan drawings, which are unsigned. A 3,200-square-foot house plan has been designed for #14 and #15...

There is a geotechnical report showing the subsurface analysis, including 10 test pits that provide locations for the piers for this design. This report will need to be updated. The same company may be able to update the report for a future buyer...

The engineered house plan drawings were prepared for the 3,200-square-foot house. However, the engineer is now retired and will not stamp the drawings for the next owner. The drawings are available for review...

Lot Details: The property is ready to be built on. Sewer is in the driveway. An electric temporary pole is ready to be connected after the permit is pulled. Water is available through a community water main located next to the temporary power pole. Spectrum Cable connection is also available at the temp pole. The house site and driveway are graded, and the view is wide open....

Two lots were combined (#14 and #15). All lots have access to the sewer. Lots #13, #14 & #15, and #16 have sewer and electric...

Lot #16 is in a different phase of the HOA that does not have water. Lots #13, #14 & #15 have access to the community well...

HOA: The HOA requires log-sided, traditional construction. Homes are required to have at least 1,200 square feet. You will discover beautiful log homes in this neighborhood as you drive to the lot. Lots #13, #14, and #15 pay HOA dues even though lots #14 and #15 have been combined. Three HOA fees are due, totaling $1,800 per year which includes the water service and road maintenance.

Additional Property Details: Dozens of planks of live-edge wood, cut from the lot, are stored in the shed...

There lots are being sold by an LLC and a private owner. The LLC is managed by the individual owner of the other lots. There are three PINs...

The description mainly applies to the homesite since the other lots are included as a privacy buffer...

This lot is easy to show and easy to build on. Take a look—you can easily walk out onto the broad house site and visualize your new home. If the gate is closed, simply walk around it to access the lot.

Build a beautiful 1200 Sq.Ft. or larger mountain style home on this site and rent it out when you are not here to enjoy it - or use it year round... A log cabin design will blend in with our mountains and the neighborhood HOA...

Come enjoy a sunset stroll and imagine a mountain home with many glass windows to take in these views. You will be impressed.

Property history

  1. Aug 24, 2026
    Price reduced $195,000 Active
    Was $275,000
  2. Mar 21, 2026
    Price reduced $275,000 Active
    Was $350,000
  3. Jan 10, 2026
    Back on market $350,000 Active
    Pending -> Active
Show 2 more Show less
  1. Jan 3, 2026
    Went pending $350,000 Pending
    Active -> Pending
  2. Oct 29, 2024
    Listed for sale $350,000 Active
    Listed 692 Days

Property Details

Exterior Features

Exterior Features
  • Fire Pit

Lot And Land

Lot Features
  • Cul-De-Sac
  • Views
Lot Size Acres
2.498
Lot Size Units
Acres
Minimum Build Sq Ft
1200
Can Subdivide
Yes

Waterfront And View

View
  • City
  • Long Range
  • Mountain(s)
  • Year Round

Utilities

Sewer
  • Public Sewer
Utilities
  • Underground Utilities
Water Source
  • Community Well

Financial Information

City Taxes Paid To
Maggie Valley
Hoa Dues
Mandatory

Zoning And Restrictions

Zoning
MR-1
Subject To Ccrs
Yes
Restrictions
  • Short Term Rental Allowed
  • Subdivision
Restrictions Description
  • Vacation Rentals ALLOWED
  • 1200 SF Minimum to build - log sided home

Listed by Lynda Bennett (828-421-7279) · Better Homes and Gardens Real Estate Heritage (828-926-5200)

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