News

Ask Matt ... about priciest home on the market

A home on Pinnacle Mountain has six bedrooms, 8½ half baths, six fireplaces and a three-car garage.

By Matt Matteson, Published: November 7, 2019

Q. Is the house for sale at 640 Pinnacle Mountain Road the highest priced home on the market?

I believe so. The asking price for the Pinnacle Mountain Road home in Flat Rock once listed at close to $7 million has dropped in price to a cool $5 million. The Beverly-Hanks real estate firm has another active listing in Fletcher for $7.95 million but that 207-acre tract has no comparable residence, just some farm buildings and a hunting cabin. Sure the Flat Rock estate comes with a mere 21 acres, but the home is worthy of mention. It is presently owned by Hugh and Keets Cassar. Hugh is a native of Malta and has done well in the tobacco importing business. He and Keets live in Thousand Oaks, California when not traveling abroad or vacationing in Flat Rock. The Cassars are highly recognized philanthropists on the West Coast. The 10,000-square-foot home was built in 2010 by Bronco Construction during the recession. The home is featured on the Mills River custom builder’s website.
I joined Beverly Hanks agent Lauretta Cook on a tour of the two-story home. One thing missing was a “for sale” sign on the road. I suspect a home of this caliber commands more selective marketing. The home offers six bedrooms, 8½ half baths, six fireplaces and a three-car garage. “The architecture is ‘mountain-European’ style,” Cook said. Unique features include a butler’s pantry, a bi-level flagstone terrace, upstairs and downstairs laundry rooms including one with a doggie wash. And let’s not forget a koi pond, a screened lanai, which is an open-sided veranda, (yea, I had to look that one up), a media room and a well-appointed library that could rival the one at the Biltmore Estate.
Most of the rooms, some with balconies, have a north view overlooking Hendersonville and Kenmure. The ceilings are accented by exposed reclaimed wooden beams. They contain no nails or metal plates. The floors are either stone or 150-year old wood flooring from former boardinghouses. These features make for a warm look throughout the house. Cook said that because each bedroom has a private bath the structure could be sold as a corporate retreat venue. The owners still use the residence as a vacation home but it has been on the market for three years now. “The price was dropped recently to reflect market values,” said Cook. “There have been offers but none were accepted.”
Perhaps one of the best things about the house is that the buyer won’t have to pay those pesky homeowners association dues. For an inside look, search for MLS #3209270. It’s quite a trip.

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