Just what everyone is looking for – a log home on a great lot with a mountain view.   Imagine all the good times you can have with your family relaxing on the covered front porch of this well built log home taking in the mountain view while your children or grandchildren play in the beautiful level front yard.   The property backs up to an eighty acre estate tract.  

The greatroom features vaulted ceilings, hardwood floors and a wood stove.   The open kitchen has custom cabinets and granite countertops.   The master is on the main with a deluxe bath.   Upstairs are two sleeping lofts which are perfect for kids.    In addition, there is a one bedroom/one bath guest house with a complete kitchen and gas fireplace in the cozy living room.   

The detached one car garage features an extra room for plenty of storage or a workshop.     This property is well located in close proximity to several country clubs including Old Edwards Club, MountainTop Golf and Lake Club and Trillium Links and Lake Club.    It is also just a quick drive to Lake Glenville, Highlands or Cashiers.

For more information on this property or other properties in the Highlands, Cashiers, Lake Glenville or Sapphire area, please give Meadows Mountain Realty a call at 828-526-1717 or email us at info@meadowsmtnrealty.com.    Visit our website for a complete list of properties.

Located in prestigious Bald Rock is where you’ll find this wonderful  4 bedroom, 3 and a half bath home with a 1 bedroom, 1 bath guest cottage.   You’ll have plenty of privacy on 4.92 acres which is very suitable for a pasture and barn.   In addition, there is also a small creek running through the property.   This home features soaring ceilings, two fireplaces, and decks galore to enjoy the long range mountain views.

Dubbed a “civilized wilderness” with over 1000 acres at Bald Rock and its sister community, The Divide at Bald Rock.   The lifestyle here emphasizes the wilderness aspect of the mountains by offering those amenities appreciated by true nature lovers  including an equestrian center, hiking, biking and riding trails, a community pavilion, plus access to the 6300 acre Pantertown Preserve.   

If that’s not enough, owners also have access to all the amenities available at the Sapphire Valley Resort which includes snow skiing and snow tubing in the winter, fishing and canoeing on Fairfield Lake, golf at Sapphire National Golf Club plus supervised children’s activities.

Call John Bynum at Meadows Mountain Realty at 828-526-1717 today for a private showing of this property or any real estate in the Cashiers or Sapphire area.    John is an expert when it comes to finding the best property to meet your needs and wants on The Highlands Plateau.   For the best in service and expert knowledge on market conditions, call the best Highlands/Cashiers/Sapphire real estate agents today.

Imagine having the opportunity to buy new construction in Cashiers North Carolina.  This wonderful cottage offers a true getaway in the Southern Blue Ridge Mountains.  The Cottage that is for sale in The Divide is located close to all of the amenities of Cashiers and has three bedrooms, two and a half bathrooms and is situated on a 1.8 acre lot.  What makes this home is its location, close to a community center, pavilion, stable and walking and biking trails.

If you have been looking to buy Cashiers real estate this could be the ideal home.  While the finishes are fabulous, with granite counters and hardwood floors, the home is still being built and a buyer has the chance to make changes.  Offering pre-construction pricing, this wonderful Divide cottage is an opportunity not to be missed!

There are many great opportunities to buy vacation real estate in Cashiers NC at the moment.  Please call us today to look at this home or any other home for sale in the Highlands/Cashiers area.

For more information about Highlands and Cashiers North Carolina, and for access to the Highlands/Cashiers NC MLS, contact Meadows Mountain Realty today, 866-526-3558 or email us today at info@meadowsmtnrealty.com.

In this real estate market with declining prices, short sales have become a common vehicle for sellers who are “underwater” on their mortgage.   In the event your lender agrees to allow a short sale of your home, there are things you need to know to protect yourself.  

If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income.  Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.

1.  Normally, debt forgiveness results in taxable income.    However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.

2.  There is a limit of $1 million for a married person filing a separate return.

3.  You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure.

4.  To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.

5.  Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.

6.  Proceeds of refinanced debt used for other purposes – for example, to pay off credit card debt – do not qualify for the exclusion.

7.  If you qualify, claim the special exclusion by filling out Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, and attach it to your federal income tax return for the tax year in which the qualified debt was forgiven.

8.  Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the tax relief provision. In some cases, however, other tax relief provisions – such as insolvency – may be applicable. IRS Form 982 provides more details about these provisions.

9.  If your debt is reduced or eliminated you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender.  By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.

10.  Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect.  You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.

For more information about the Mortgage Forgiveness Debt Relief Act, visit IRS.gov

Please visit our short sale website www.highlandsncshortsale.com  for more information on navigaqting the short sale process.    Our website at http://www.meadowsmtnrealty.com/default.asp.pg-ForeclosuresShortSaleListings will give you an insite into the foreclosure/short sale properties in Highlands NC, CashiersNC, Glenville NC and Sapphire NC.

Sapphire Valley NC is the place for relaxing mountain living.  At Bald Rock community in Sapphire Valley, enjoy the privileges and amenities that come from being a property owner.  Bald Rock is a private gated community at 4,000 feet in elevation with 776 acres of beautiful scenery.  As a home owner in Sapphire Valley NC’s Bald Rock you will have access to hiking, community horse stables, riding trails, and all of the amenities of the Wyndham-Fairfield Sapphire Valley Resort and the common areas inside its neighboring development The Divide.  Take in the natural beauty of the waterfalls, streams, bordering forests of Panthertown Valley, and the sweeping mountain views.

For more information on available property at Sapphire Valley NC’s Bald Rock community contact your local realtors at Meadows Mountain Realty today.