Single Family Residence at 242 Falling Creek Drive, Nebo
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Trail to creek - 242 Falling Creek Drive, Nebo
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Muddy Creek runs thru the property. - 242 Falling Creek Drive, Nebo
Creek on the property - 242 Falling Creek Drive, Nebo
Gate into Katy Creek - 242 Falling Creek Drive, Nebo
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$586,000

242 Falling Creek Drive
Nebo, NC 28761
Listed by Brandon Braswell · Realty Group 1 LLC
Bedrooms
3
Bathrooms
3
Living area
2,103 sqft
Year built
2004

About this home

Cozy Mountain Cabin with Creek Frontage, Mountain Views & Extensive Updates in Katy Creek Community! 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, this property offers beautiful mountain views, frontage along Muddy Creek, privacy, and the peaceful mountain lifestyle you've been looking for. Start your mornings on the spacious wraparound deck with a cup of coffee while taking in the mountain views and tranquil surroundings. The outdoor living spaces are perfect for relaxing, entertaining, or gathering around the fire pit. Enjoy the added charm of the pergola and lower deck, creating even more space to soak in the beauty of the outdoors. Inside, the home features 3 bedrooms and 3 bathrooms, along with additional finished basement living space currently used as a guest suite. The basement features custom cabinetry, additional flooring, and a finished staircase, making it ideal for extended family, overnight guests, or your own private retreat. An added exterior door provides convenient access to the lower deck. This property has seen numerous updates and improvements, including a new roof in 2025, two new mini-splits, a concrete driveway to the basement, updated landscaping with evergreens and perennials, and a new dishwasher in 2024. Additional improvements include a large rear deck with pergola and lower level deck for the basement level, a buried 500-gallon propane tank and a gas option added to the existing electric stove hookup. Even better, select furnishings are included in the sale, making your transition to mountain living that much easier! Included items feature outdoor deck furniture purchased in 2024, fire pits, kitchen table and chairs, downstairs bedroom furniture, a sleeper sofa, TVs, and basement shelving. Other furnishings and household items may be negotiable. 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 for a full-time residence, a relaxing weekend getaway, or a place to gather and entertain family and friends, this inviting mountain retreat offers the perfect opportunity to enjoy all that Western North Carolina has to offer. Come see all this mountain getaway has to offer and imagine making it your own!

Property details

MLS
Canopy MLS
MLS #
CAR4429484
Property type
Single Family Residence
Subdivision
Katy Creek
Status
Active
Days on market
13
On market date
October 7, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Glenwood Elementary School
6.28 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
443
Student:teacher ratio
14.8:1
District
McDowell County Schools
Middle
East McDowell Middle School
9.02 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
531
Student:teacher ratio
13.0:1
District
McDowell County Schools
High
McDowell Early College
6.22 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
254
Student:teacher ratio
23.1:1
District
McDowell County Schools

Walkability

Blended score for Nebo's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

22
Car-dependent
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable
Google Places amenity density
10 / 100
Restaurants & cafes0
Grocery stores1
Parks1
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Nebo, from live MLS data.

On the market 13 days -- 261 fewer days than Nebo's current average of 274 days.
For reference, the median list price across 242 active listings in Nebo right now is $99,700.

Mortgage calculator

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Est. monthly payment
$3,679/mo
$117,200 down
$468,800 loan
Principal & interest$3,041
Property tax (est.)$488
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.