$1,850,000
●
House -
For Sale
565 Chestertown Drive
Mill Spring, NC 28756
5 Beds
5 Baths,
1
Half Bath
4,724 Ft²
$9,783
Est. Monthly
$699
HOA / Fees
About This Property
Set within the coveted Reserve section of Brights Creek, this
luxury residence captures some of the most sought-after views in
Brights Creek; an extraordinary offering that brings together
sweeping mountain vistas, golf course, and breathtaking natural
beauty all within one remarkable property. Expansive windows and
thoughtfully positioned outdoor living space. Home exudes elevated
mountain elegance, generous living spaces, and a warm yet
sophisticated ambiance throughout. Four stone fireplaces; two
interior one in each living area and two enhancing the outdoor
spaces create inviting settings, whether hosting guests or savoring
quiet evenings under the stars. Located behind the gates of Brights
Creek, with a 24-hr manned gate, owners have the opportunity to
enjoy an unparalleled lifestyle with optional club membership,
including a Tom Fazio-designed championship golf course, outdoor
heated saltwater pool, fitness center, bowling alley, and social
spaces, along with tennis, pickleball, a premier equestrian center
and two dining options. Mountain luxury at its finest where views,
design, and lifestyle converge.
Unit Size
4,724 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$392
Property Type
House
Property Taxes
-
HOA Dues
$699
Year Built
2006
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 19 days ago (CANOPYMLS #CAR4361743)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2026 | Listed by Howard Hanna Beverly-Hanks | $1,850,000 | |
| Listed by Howard Hanna Beverly-Hanks | |||
| May 6, 2009 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Circular Driveway, Attached
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Built-in Features, Entrance Foyer, Kitchen Island, Pantry, Walk-In Closet(s), Garden Tub
Appliances: Dishwasher, Gas Range, Microwave, Oven, Refrigerator, Tankless Water Heater
Flooring Type: Carpet, Tile, Wood
Laundry Features: Laundry Room, Main Level
Has Fireplace
Fireplace Features: Den, Living Room, Outside, Wood Burning, Porch
Basement: Finished
Exterior Details
Square Footage: 4724
Security Features: Security System
Architectural Style: Traditional, Arts and Crafts
Year Built: 2006
Levels: 1 Story/F.R.O.G.
Construction Materials: Stone, Wood Siding
Patio and Porch Features: Rear Porch, Screened
Lot Features: On Golf Course, Views
Lot Size Area: 0.5
Lot Size Units: Acres
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Water Source: Community Well
Financial Details
Tax Assessed Value: $1,520,525
Utilities Details
Cooling Type: Heat Pump, Zoned
Heating Type: Heat Pump
Sewer : Other - See Remarks
Location Details
HOA/Condo/Coop Amenities: Trail(s)
HOA Fee: $657
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $500
Condo/Coop Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Polk
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Listed by: Heather Chambers, Howard Hanna Beverly-Hanks
Last Updated: 19 days ago
Data Source: CANOPYMLS, MLS# CAR4361743
Last Updated: 19 days ago
Data Source: CANOPYMLS, MLS# CAR4361743
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
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.
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.
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