Treehouse-Like Home in the Blue Ridge Mountains Burt Reynolds Owned at His Peak Hits the Market

When actor Burt Reynolds was filming what would become the 1972 hit “Deliverance,” he fell in love with the Georgia wilderness in which it was filmed.

The film would mark his breakthrough onto the big screen, after his tenure as a television star in Western shows like “Gunsmoke” and “Hawk,” and he became one of the most famous actors throughout the 1970s and ’80s

About a decade after “Deliverance,” at the peak of his career, he purchased a home in the Blue Ridge Mountains just across the border in Highlands, North Carolina, according to previous reporting.

The 1970s home was designed by modernist architect Jim Fox, whose signature blend of simplicity and flair can be seen in the home’s flared roofs, glossy wooden interiors and suspended wraparound deck.

The home, which has traded hands several times since Reynolds sold it in the 1990s, is now back on the market asking $3.699 million with Jody Lovell of Highlands Sotheby’s International Realty.

Located on a 0.9-acre lot on King Gap Road, the three-bedroom home stands within the Nantahala National Forest at the far edge of a subdivision, giving it unobstructed views of the surrounding forests and the blue mountain skyline.

The house is designed to integrate into the surrounding nature. Photo courtesy of Highlands Sotheby’s International Realty

The home looks like a cross between a tree house and a yacht, with curved wood-clad ceilings, wood-panelled walls and floors, and wooden built-in furniture. The prevalent wood is balanced by large glass windows and stone walls, including a double-height stone monolith that centres the home.

The uniquely shaped home features a main level, an upper level and a lower level. The main level includes the common spaces, including a sunken living room with a half-circular couch facing the stone fireplace and a large, wood-framed window wall that slants over the garage.

The lower level includes a games room, office, wine cellar and an extra stone bathroom that Reynolds’ then-wife Lori Anderson built for the actor, according to Lovell. There is still an inscription on a painted wall in the “man cave” that Anderson wrote for him, signed in 1991.

The house was designed by modernist architect Jim Fox. Photo courtesy of Highlands Sotheby’s International Realty

In the early 2000s, the owners at the time hired the Highlands-based Fox to add an expansion, including a terrace with a stone fireplace, a plunge pool and waterfall. That’s in addition to a wraparound deck that extends from the main level as if suspended over the mountains, surrounded by minimalist green railings.

The sellers, who couldn’t be reached for comment, purchased the property in July 2024 for $2.975 million, above the asking price, and after only a few days on the market. Due to unforeseen health issues, they are looking to unload it sooner than expected, Lovell said.

Highlands, located in the southwest corner of North Carolina, is a popular vacation spot in the South because of its surrounding natural beauty and milder mountain climate. Since the pandemic, it has received a surge of interest from further afield.

“Deliverance” was filmed in Rabun County, Georgia, the pointed northeastern of the state, which juts into North Carolina and borders South Carolina.

The Reserve Bank had little choice but to raise interest rates again this week.

Inflation was already proving stubborn before the latest Middle East instability added further pressure to energy prices and supply chains.

Housing inflation alone has averaged six per cent over the past year, remaining one of the single biggest contributors to CPI.

But while the focus remains on rates, the deeper problem is structural and far more dangerous.

Australia is not building enough homes, and the conditions required to fix that are deteriorating simultaneously.

Construction costs remain elevated. Builders are increasingly unwilling to absorb contract risk. Labour shortages persist.

Capital is becoming more expensive. And as borrowing capacity weakens and sentiment softens, fewer projects are becoming financially viable.

The result is a self-reinforcing cycle.

The RBA raises rates to fight inflation. Higher rates reduce development feasibility. Fewer projects start. Housing supply tightens further. Rents rise. Inflation persists. The RBA raises rates again.

The only long-term solution is supply, yet Australia remains nowhere near the National Housing Accord target of 240,000 new dwellings a year.

Completion continues to lag approvals, meaning many projects approved on paper are simply never making it out of the ground.

That gap matters enormously because housing is not just another sector of the economy.

Around two-thirds of Australian household wealth is tied to property, while the sector underpins millions of jobs and related industries. Weakness here quickly spreads beyond real estate.

We are already seeing signs of stress. Auction clearance rates in Sydney and Melbourne have softened, borrowing capacity has declined, and parts of the market are experiencing price corrections as confidence weakens.

At the same time, policymakers continue to debate tax measures such as changes to negative gearing and capital gains tax discounts, despite fears that such reforms could drive private capital out of the rental market at precisely the moment when supply is most constrained.

This is the paradox at the centre of Australia’s housing crisis.

Demand for property remains extraordinarily high, yet the economic conditions required to actually build new housing are worsening.

The Reserve Bank cannot solve that problem alone.

Monetary policy cannot accelerate planning approvals, reduce construction costs or create more tradies. It can only raise the cost of money until something eventually breaks.

And increasingly, that “something” looks like the development pipeline itself.

Paul Miron is the Co-Founder & Fund Manager of Msquared Capital.

Treehouse-Like Home in the Blue Ridge Mountains Burt Reynolds Owned at His Peak Hits the Market

The 1970s modernist residence in Highlands, North Carolina, is asking $3.699 million.

Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.