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$586,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • Updated 3 days ago
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Don't miss this opportunity to own a cozy mountain cabin in the desirable Katy Creek Community! Situated on 3.77 acres in southern McDowell County, with beautiful mountain views and frontage along Muddy Creek, this property offers the privacy, peaceful setting, and mountain lifestyle you've been looking for. Start your mornings on the large back deck with a cup of coffee while taking in the mountain views and peaceful surroundings. Whether you're searching for a full-time residence, a relaxing weekend getaway, or a place to gather and entertain family and friends, this property has so much to offer. The home features 3 bedrooms and 3 bathrooms, plus additional finished space in the basement currently used as a guest suite-perfect for extended family, overnight guests, or your own private retreat. When you're ready to explore, there's plenty to enjoy throughout Western North Carolina. Experience breathtaking fall colors, local festivals, hiking and biking trails, unique shops, great dining, and endless outdoor recreation. With Lake James nearby and Asheville and Hickory within easy reach, you'll have plenty of opportunities for day trips and new adventures. Come enjoy mountain views, creek frontage, privacy, and plenty of room to spread out on 3.77 beautiful acres. Whether you're looking to slow down and unwind or get out and explore everything Western North Carolina has to offer, this cozy cabin is ready to welcome you home.

Full Property Details for 242 Falling Creek Dr

General

  • Price: $586,000
  • HOA FEE: $42/month
  • HOA FEE FREQ.: Annually
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4429484
  • Updated: 10/7/2026
  • Added to Site: 3 day(s) ago

Interior

  • Appliances: Dishwasher, Electric Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main - Full Baths: 2
  • Basement Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main & Up: 3

Other Rooms

  • Laundry: In Bathroom

Parking

  • Parking Features: Driveway

Location

  • County: McDowell
  • Subdivision: Katy Creek
  • Driving Directions: From interstate 40 at exit 86. Head south on 226, go 7.6 miles turn left onto clearwater Dr. Go thru the gate and go half a mile, turn right onto Falling Creek Dr. Go .3 miles and the house will be on your right. No sign.

School Information

  • Elementary School: Glenwood
  • Middle School: East Middle
  • High School: McDowell

Heating & Cooling

  • Cooling Type: Central Air, Ductless
  • Heating Type: Ductless, Heat Pump

Utilities

  • Sewer: Septic Installed
  • Water: Well

Structural Information

  • Construction: Site Built
  • Exterior Const.: Log
  • Basement: Yes
  • Basement Desc.: Partially Finished
  • Main/1st Level: 1,446 Sq. Ft.
  • Year Built: 2004

Lot Features

  • Street/Road Desc.: Asphalt, Paved

Financial Considerations

  • Association Fee: $500
  • Assoc Fee Freq.: Annually
  • Terms: Cash, Conventional, FHA

Disclosures and Reports

  • Property ID: 1648-00-77-0940
  • Lot Number: 1448-674

Listed by Realty Group 1 LLC

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Listing agent

— 242 Falling Creek Dr —

  • Realty Group 1 LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 Falling Creek Dr

School District:McDowell County Schools
NameGradesDistance
Glenwood Elementary School, Marion, NC
1545 Old Highway 221 South, Marion, NC 28752
PK-66.2 mi
East Mcdowell Junior High School
676 State Street, Marion, NC 28752
7-99 mi
Mcdowell Early Colle
54 College Drive, Marion, NC 28752
9-126.2 mi
Mcdowell High School
600 McDowell High School Road, Marion, NC 28752
9-1211.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Falling Creek Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$586,000
34.4%
MLS
9/29/2023
Sold
$436,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 Falling Creek Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,991
3%
$293,660
—
2024
$1,932
—
$293,660
—
2023
$1,932
32%
$293,660
34%
2022
$1,469
-2%
$219,860
-2%
2021
$1,496
-1%
$223,960
—
2019
$1,518
22%
$223,960
22%
2018
$1,244
6%
$183,490
—
2017
$1,175
—
$183,490
—
2016
$1,175
2%
$183,490
—
2015
$1,156
—
$183,490
—
2014
$1,156
5%
$183,490
—
2013
$1,104
—
$183,490
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 242 Falling Creek Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Realty Group 1 LLC

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242 Falling Creek Drive, Nebo, NC 28761 (MLS# 4429484) is a Single Family property with 3 bedrooms and 3 full bathrooms. 242 Falling Creek Drive is currently listed for $586,000 and was received on October 07, 2026. Want to learn more about 242 Falling Creek Drive? Do you have questions about finding other Single Family real estate for sale in Nebo? You can browse all Nebo real estate or contact a Coldwell Banker agent to request more information.

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