Price:
No Min - No Max
Property Type (1)
Communities
Reset
Filter By Price
Other Filters +
back arrow new search

242 Falling Creek Drive Nebo, NC 28761

Active
Loading...
Schedule Tour
What is your preferred tour date?
Selected Date:
GET IN TOUCH
x close

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Bed: 3
Bath: 3
1/2 Bath: 0
Sq. Ft.: 2,103
Acreage: 3.77

$586,000

Calculate Mortgage

Community: Nebo in McDowell County

3 bed
3 bath
0 1/2 bath
2,103 Sq. Ft.
3.77 acres

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.

Presented by:
Brandon Braswell at Realty Group 1 LLC
Listed by:
Realty Group 1 LLC

Attribution: [email protected]
Original Listing Price: 586,000
MLS #: ‍4429484
Listing Status: Active
Days on Market: 5
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2026-10-12 at 8:45PM. 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.

Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.

Some IDX listings have been excluded from this website.

Copyright © 2026. All rights reserved.

Map

close
  • Mapbox
  • Google
  • Topo Map

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.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

View Directions on Map

Property Features

close
Association Fee: 500
Water: Well
Year Built: 2004
Basement/Foundation: Basement
Garage/Carport: Driveway
Subdivision: Katy Creek
Sewer: Septic Installed
Heating/Cooling: Ductless,Heat Pump
Cooling: Central Air,Ductless

Mortgage Calculator

close
  • Payment Calculator
  • Qualifying Income
  • How much can I afford?
Purchase Price:
$
Down Payment:
$
Interest Rate:
%
Amortization Period:
Years
Results
Monthly payment including interest:
$
Estimated Monthly Payment:
$
Annual Salary:
$
Other Annual Income
$
Annual Property Tax:
$
Annual Home Insurance:
$
Monthly Debt Payments:
$
Loan Criteria
Combined Annual Gross Income:
Wages Per Month:
Total Debt:
Results
PITI using 36% RATE A:
PITI using 28% RATE B:
Monthly Payment Cap (RATE A):
Monthly Payment Cap (RATE B):
RATE A
The 36% income is based on the PITI (mortgage principal plus interest amount plus your monthly property tax and home insurance), PLUS any other debt payments you must pay every month.
RATE B
The 28% income is based on PITI (Principal + Interest + Tax + Insurance) or more specifically, the mortgage principal plus interest amount plus your monthly property tax and home insurance the lender typically holds in an escrow account for you.
Down Payment:
$
Total Monthly Payment:
$
Length of Loan (years):
Interest Rate (%):
%
Property tax rate (1% = $1000/yr for 100K house):
%
Home Owners Insurance:
$
Mortgage Insurance Premium (generally between $1000 and $5000 per year):
$

By making a down payment of $ and paying $ per month, you will able to afford a home that costs $ . You will need to qualify for a loan of $.

Summary of Your Monthly Payment
Principal and Interest:
Taxes and Insurance:
Mortgage Insurance:
Calculators brought to you by: 
Howard Hanna Mortgage Services
Pre-Qualify
Loan Options

Schools

close
  • High School: McDowell
  • Middle School: East Middle
  • Elementary School: Glenwood
All Filters
Filter By Price
No Min
To
No Max
Reset all filters