505 Reservoir Road, Burnsville NC
- 4 Bed
- 3 Bath
- 1311 ft2
- 1.3 ac
For Sale $550,000
Remarks:
Price improvement! 505 Reservoir Road is a true turn-key mountain home in a prime Burnsville Location. Don’t miss this rare opportunity to own a fully furnished, move-in ready mountain retreat just up the hill from Main Street Burnsville. Whether you're looking for a full-time residence or a high-performing short-term rental, this home delivers. With 4 bedrooms that sleep 10 (All new mattresses and bed frames), 2 ½ baths, a brand-new kitchen, and an open-concept layout filled with natural light and mountain views, this home is designed for comfort and flexibility. Enjoy morning coffee or evening sunsets on the expansive deck and screened porch, surrounded by 1.28 private, wooded acres. Recent upgrades include a new roof, windows, fresh interior and exterior paint, and stylish new furnishings. The proven rental income potential—grossing nearly $77,000 annually—means you can start earning from day one. Live, rent, or do both—this is mountain living at its most convenient. Schedule your showing today!
Exterior Features:
Fire Pit
Interior Features:
Breakfast Bar, Built-in Features, Split Bedroom, Storage, Walk-In Closet(s)
General Information:
| List Price: | $550,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1311 sqft |
| Parking: | Basement, Detached Garage |
| MLS Number: | CAR4305974 |
| Subdivision: | none |
| Style: | Cabin |
| Bathrooms: | 3 |
| Lot Description: | Private, Sloped, Views, Wooded |
| Year Built: | 1972 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Burnsville |
| Middle: | East Yancey |
| High: | Mountain Heritage |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-08-2025 | Under Contract | $550,000 | $420 |
| 11-26-2025 | Price Decrease | $550,000-1.79% | $420 |
| 11-19-2025 | Price Decrease | $560,000-1.75% | $428 |
| 11-05-2025 | Price Decrease | $570,000-1.72% | $435 |
| 10-18-2025 | Listed | $580,000 | $443 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Burnsville Elementary | 2 miles | KG-05 | 5 |
| Clearmont Elementary | 4 miles | KG-05 | 8 |
| Micaville Elementary | 5 miles | KG-05 | 9 |
| Bald Creek Elementary | 7 miles | KG-05 | 10 |
| Bee Log Elementary | 8 miles | KG-05 | 7 |
| South Toe Elementary | 8 miles | KG-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 505 Reservoir Road, Burnsville NC | 0 mi | $550,000 | days | |
| 330 Bowditch Street, Burnsville NC | 0.2 mi | $299,000 | days | |
| 100 Red Twig Lane, Burnsville NC | 0.2 mi | $399,000 | days | |
| 200 Red Twig Lane, Burnsville NC | 0.2 mi | $439,000 | days | |
| 278 Mount View Drive, Burnsville NC | 0.3 mi | $524,000 | days | |
| 410 Mother In Law Lane, Burnsville NC | 0.3 mi | $410,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28714
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Occupancy Types |
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Mackey Realty LLC
505 Reservoir Road, Burnsville NC is a 1311 ft2 on a 1.280 acres lot. This is for $550,000. This has 4 bedrooms, 3 baths, and was built in 1972.
Based on information submitted to the MLS GRID as of 2025-10-18 11:50:51 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
