Laurel Falls

Laurel Falls Community

 

The Laurel Falls Community, located approximately 9 miles northeast of Cashiers, was platted into 130 lots on 1,550 acres at the time of its creation.  Lots have since been subdivided and now total 146, of which there are 105 owners, 35 homes (10 of these occupied year round), and several homes under construction.

The gated community of Laurel Falls has 12 miles of gravel roads, most of which began as a result of early logging of the land when it was owned by Liberty Life Insurance Company.  The roads were marginally improved when the Laurel Falls Subdivision was developed in 1983, and further improvement is an ongoing process.  Lot size generally ranges from 3 acres up to 65 acres.  Some of these wooded lots adjoin magnificent Panthertown Valley National Forest.

There are numerous streams and waterfalls within the Laurel Falls community, and it is home to an extensive wildlife population including black bear, grouse, turkey, deer & various songbirds.  Coyote have also been sighted in the area.  The community is listed with the North Carolina Wildlife Resources Commission, and by vote of the property owners no hunting is allowed.

Nearly every lot contains rhododendron & mountain laurel, and some lots offer flame azaleas, lady slippers, several orchid varieties, Galax, ferns and other exotic plants native to the area.  The summers are cool in Laurel Falls, with elevations of 3800' to 4200'.


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2005-June 2010 Residential Sales Comparisons 
Highlands-Cashiers Board of Realtors

2005-June 2010 Vacant Land Sales Comparisons  
Highlands-Cashiers Board of Realtors



Market Information updated July 21, 2010

CURRENT LAUREL FALLS LISTINGS


There are currently 3 active Laurel Falls residential listings:

78 Little Cottage Lane - (Moore) 2.40 acres - 2 BR/2BA - now reduced to $469,000,
 
  original list $495,000 - 147 days on  market.
   Custom built home was designed and built by local designer & builder        
   Suzanne Moore of Moore Construction Services

• Great Falls Dr. - Lot H94A - (Patrick) 2.87 acres - 3 BR/3 BA - $549,000 - 455 days on
  market; Mountain view and frontage on Robinson Creek

1564 Great Falls Dr - Lot 98b - (Cahill) 7.81 acres - 3 BR/2 BA - $600,000 - 40/328
  days on market; Mountain views & view of Laurel Falls


There are currently 2 active vacant land listings:

•  Lots 137 & 139 - (Roman) 8.10 acres - Leafy Knoll - reduced to $119,900
   (Listed 10/12/07 at $185,000; reduced 8/12/09 to $159.900; 944 days on
    market)  New listing 4/14/10 98 days on market.
   Listing Agents Remarks:  Gently rolling/partially cleared, septic evaluation, well, good 
   short mountain view, small stream
.

 • Lot 9B - (Whitney) 4.910 acres - Great Falls Dr - reduced to $58,000 
   original list $75,000 - 98 days on market. 
   Listing Agent Remarks: Nice 4.91 acre lot in Laurel Falls.  Gravel road to home site.
   Underground utilities to home site along with shared private well. Lot located within
   close proximity to gated entrance on the Robinson Creek Rd side.


Expired & Withdrawn Vacant Land Listings:

Lots 109 & 110 - 17.94 acres - Trimble Ridge - $995,000 - (Listing Withdrawn)
  Gently rolling/steep, exceptional 35' waterfall view & mountain view with 1800'
  frontage on Robinson Creek

• Lot 44A - 3.06 acres - Great Falls Dr & Knobster Way - $86,900 -
(Listing Expired)
  Nearly level/gently rolling, wooded, great short range mountain view with tree trimming

• Lot H95 - 7.34 acres - Great Falls Dr - $229,000 - (Listing Expired)

• No Lot # - 10.07 acres - Fox Knob Rd - $115,000 - 72 Days on market.  Previously
   listed at $160,000 and expired after 199 days.  (Listing Expired) 

Expired Residential Listings:

• Lot B44, Knobster Way - 2.5 acres - 2 BR/2 BA - $395,000 - 581 Days on Market; 
  2 BR/2 BA home with good mountain view. (Price reduced from $475,000)
  Listing Expired



LAUREL FALLS SALES

Vacant Land Sales 2010


•  Closed May 10, 2010
    
Lot 61B - 4.170 acres
    List Price $97,500
    Sales Price $69,000
    112 days on market
 


Vacant Land Sales 01/01/2009 thru 09/28/2009

•  Closed September 22, 2009
   
Lot 43 - 3.86 acres
    List Price $73,000
    Sales Price $62,500
    75 days on market
    Gently rolling lot with great mountain views.

•  Closed May 14, 2009
     Lot H141 - 3.12 acres
     List Price $85,000 
     Sales Price $67,500
     46 days on market
     Gentle lot with well, pond, cleared homesite and roughed-in driveway.  Great views. 
  

No Residential Sales in 2009



No Residential or Vacant Land Sales in 2008


3 Vacant Land Sales 01/01/06 thru 12/31/06
Average List Price $306,667; Average Sales Price $285,000
2 Vacant Land Sales 01/01/07 thru 12/31/07
Average List Price $480,000; Average Sales Price $447,500
• Lot H142 - 3.15 acres
  List Price - $45,000
  Sales Price - $45,000
  79 Days on Market
Closed March 1, 2007
  Lot C39 - 17.5 acres
  List Price - $610,000
  Sales Price - $600,000
  5 Days on Market
  Lot C39 has Robinson Creek frontage &
  large waterfall (Laurel Falls)


• Lots 137 & 139 - 8.10 acres
  List Price - $150,000
  Sales Price - $135,000
  90 Days on Market
Closed June 22, 2007
  Lot E73 - 11.47 acres
  List Price - $350,000
  Sales Price - $295,000
  83 Days on Market
  Lot E73 is level/gently sloping - long range
  mountain view with trimming
• Lots 109 & 110 - 17.82 acres
  List Price - $725,000
  Sales Price - $675,000
  80 Days on Market

• 1 Residential closed in 2007 (Flat Creek Community) - List Price $495,000;
  Sale Price $475,500; 290 DOM


Market Information updated July 21, 2010




Fran Cone - Your Laurel Falls Resident REALTOR®
Email Me or call me at (828) 507-6239



"Life is what happens to you while you're busy making other plans." - John Lennon