Highlands · Highlands, NC
85 & 95 Ralph Thomas Road
Highlands, NC · 4,164 sqft
$2,950,000
- 5Beds
- 5Baths
- 4,164SqFt
- 1974Year
- 1Days on market
About this home
A rare opportunity to own a truly one-of-a-kind Highlands family compound, originally built by renowned local craftsman Ralph Thomas for his own family. Tucked privately among the trees just four minutes from Main Street, this exceptional property consists of two separate homes offering an unmatched combination of mountain living, family retreat space, and income-producing potential. Together, the residences provide approximately 4,500 square feet of interior living space and more than 2,000 square feet of outdoor decking, including a spectacular 400-square-foot cathedral-style screened porch. The compound features five bedrooms, multiple flexible additional guest rooms, and office spaces, five full baths, four full-size refrigerators, two laundry/utility areas, and an abundance of gathering spaces both indoors and out. Comfort and entertaining are at the heart of this property, with two wood-burning fireplaces, a gas river-rock fireplace, two outdoor fire pits, an outdoor stove, and permanent seating areas throughout the decks and gardens accommodating large family gatherings. Additional features include two garages with space for three vehicles, extensive guest parking, workshop areas, a whole-house generator serving both homes, and high-speed internet service with fiber-optic availability. The beautifully landscaped grounds offer winter mountain views and stunning summer forest-canopy vistas. Privacy is enhanced by more than 130 trees planted along the perimeter in 2020, creating a secluded mountain sanctuary. Situated on approximately one acre across two separate lots, the property is accessed by a private paved driveway within a quiet enclave adjoining the Mirror Lake area. The peaceful setting borders a low-traffic gravel road ideal for hiking, mountain biking, and walking dogs. Skyline Lodge is a short 5-minute drive, while waterfalls, streams, and hiking trails are easily accessible nearby. The primary residence underwent a comprehensive renovation in 2020 while thoughtfully preserving its original Appalachian camp aesthetic. Original wormy chestnut cabinetry and wood flooring remain, complemented by premium Bosch and Liebherr appliances, updated baths, a new screened outdoor living area with electric screens, a new metal roof, and replacement windows and doors throughout. The second home has been upgraded to maximize rental appeal and has generated up to $70,000 annually in short-term rental income. Located outside the Town of Highlands limits, it benefits from the absence of municipal rental restrictions, offering exceptional flexibility for owners seeking both personal enjoyment and investment income. This extraordinary Highlands retreat combines privacy, craftsmanship, modern updates, recreational access, and proven rental performance in a setting rarely available on today's market.
Property details
- Beds
- 5
- Baths
- 5
- SqFt
- 4,164
- Lot
- —
- Year built
- 1974
- Type
- Single Family
- Days on market
- 1
- Garage
- 3
- Style
- Traditional
- Heating
- Electric, Heat Pump, Zoned
- Cooling
- Central Air, Zoned
- Foundation
- Permanent
- Flooring
- Carpet, Tile, Wood
Features
- Other - See Remarks
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$21,343/ month
- Principal & interest
- $18,270
- Property tax (~0.90%)
- $2,212
- Homeowners insurance
- $860
- HOA dues
- —
Down payment
$147,500 down · $2,802,500 financed
Income to qualify (28% rule)
~$914,705 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.