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247239 Days on Market: 11
9.000
Acres
$2,750,000
Under Contract
Don't miss this enchanting 5-cabin property on 9 acres, including 6 acres of untapped potential on the ridge, located in a prime Banner Elk location in Watauga County. Offering excellent advertising opportunities in both Watauga - Boone, Blowing Rock - and Avery - Banner Elk, Sugar Mountain, Beech Mountain - counties, this property boasts a custom website and a central location that is convenient to numerous local attractions and towns. Adjacent to a renowned historic inn, the property boasted strong rental income in 2022 & 2023—and its new, boutique rental program offers passive ownership with a high-ROI venture from day one and room to grow. The heart of the Valle Crucis Historic District hosts these five captivating cabins with a central green space, currently used as a community dog park, and multiple other fenced areas for possible further development. Find one studio cabin, one 1 bedroom/1 bath cabin, two 2 bedroom/1 bath cabins, and a luxurious 2 bedroom/2 baths cabin—all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Look forward to lighted pathways guiding your guests to the neighboring inn for delightful evenings of delectable dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals and potential for further commercial or residential expansion to be built above - capitalize on this incredible investment opportunity now! Envision the possibilities with BUILDABLE 6 acres complete with a 6 BR septic permit and well permit. Build your dream single-family residence or multiple cabins along the ridge, while taking advantage of a roughed-in road and available building sites. Explore further revenue growth with additional cabin builds, added amenities, or event spaces! Enjoy an established revenue stream as you embark on a successful journey with this picturesque oasis in the heart of the High Country. Come see this fantastic property today!
Listing ID:
247239
Property Type:
BuildingLand
Year Built:
2000
Acres:
9.000
Map
Latitude: 36.207040 Longitude: -81.772574
Location & Neighborhood
City: Banner Elk
County: Watauga
Area: 5-Watauga, Shawneehaw
Subdivision: None
Environment
Utilities & Features
Heat: Baseboard, Electric, Fireplaces, Heat Pump, Other, See Remarks
Sewer: Septic Tank
Utilities: High Speed Internet Available, Septic Available
Parking: Paved, Parking Spaces
Interior
Fireplace: Propane
Exterior
Exterior: Fence, Horse Facilities, Out Buildings
Construction
Construction: Log, Wood Siding, Wood Frame
Roof: Asphalt, Metal, Shingle
Financial
Property Taxes: $4,833
Other
Price Per Sqft: N/A
Price Per Acre: $305,556
The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.
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