Ashe High Country Realty
Ashe High Country Realty

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774 Aldridge Road

259141 Banner Elk, NC 28604

7
Beds

6.5
Baths

6628
Sqft

17.649
Acres

$3,850,000

For Sale

An exciting new chapter has been written for the High Country's Hemingway Estate. Magnificent, upscale total house transformation for this ridge top estate with almost 18 acres, panoramic long range mountain views and convenient location.  Sellers smartly chose to pay high cost for recently changing 4 BR septic field to 7 BR septic operating permit for this impressive 6600+ sq.ft. 7 BR, 6.5 BA practically new residence...this greatly increased value and expanded high grossing rental marketability by unlocking the Hemingway Estate's full capacity and establishing it as one of the rare large-group accommodations in the NC High Country. Rental income has escalated in two years with 2026 bookings indicating another high grossing year of $400K plus and it's no wonder that vacationers are paying high fees to enjoy this incredible estate - gutted, rebuilt, large chef's kitchen with seating for 16 has two spacious living rooms with fireplaces on either side of kitchen, all new bathrooms, remodeled bedrooms, luxury vinyl plank flooring, lower level converted to include private cinema, dedicated game room, two more bedrooms, second laundry, 2.5 baths. Updated mechanicals includes new HVAC, tankless water heaters. Front yard has courtyard adjoining koi pond with 65 ft. cascading landscape waterfall. Private setting offers exclusivity, peace and quiet. Not in a subdivision - no restrictive covenants - no POA. Important value is added to this estate with the lower section of the 18+/- acres that can be easily subdivided into several gentle building sites with state road frontage - build more rental cabins or create a larger family compound. Continue with rentals to offset some expenses or preserve some/all of the time for comfort and enjoyment for you and your extended family and friends. Popular rental for wedding guests, family or college reunions, multi-generational vacations, corporate retreats, football weekends. Abundant natural light flows throughout from the many large windows creating uplifting interiors throughout.  Elegant primary BR suite on main floor has fireplace, sitting areas, long range mountain views, luxurious spa bath. Fantastic game room for kids of all ages with home theater, video gaming room nook, poker/game table, foosball, air hockey, pinball and MORE! Four fireplaces, two laundry rooms. Turnkey estate is fully furnished and completely outfitted for rentals. Outdoor spa hot tub retreat on secluded covered porch adjoins cozy outdoor seating. Retreat to Hemingway Estate with convenient access to Boone, Banner Elk, Parkway, Blowing Rock. Ski, snowboard, hike, bike, golf, fish - all close by. No drive-bys. Shown by appointment only. Do not disturb vacation renters. Property is popular rental with heavy bookings - can only be shown when property is not rented. Heavy bookings on long weekends and full weeks.

Listing ID:

259141

Property Type:

Single Family

Year Built:

1976

Bedrooms:

7

Bathrooms:

6 Full, 1 Half

Sqft:

6628

Acres:

17.649

Map

Latitude: 36.144218   Longitude: -81.785176

Location & Neighborhood

City: Banner Elk

County: Watauga

Area: 5-Watauga, Shawneehaw

Subdivision: None

Environment

Utilities & Features

Heat: Electric, Fireplaces, Heat Pump, Zoned

Sewer: Septic Permit5 Or More Bedroom, Septic Tank

Utilities: Cable Available, High Speed Internet Available, Septic Available

Appliances: Built In Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Range, Refrigerator, Tankless Water Heater, Washer, Water Heater

Parking: Asphalt, Driveway, No Garage, Paved, Private

Interior

Fireplace: Other, See Remarks, Stone, Propane

Windows: Window Treatments

Sqft Living Area Above Ground: 3750

Sqft Total Living Area: 6628

Exterior

Exterior: Fence, Fire Pit, Hot Tub Spa, Out Buildings, Storage, Paved Driveway

Style: Contemporary, Mountain

Construction

Construction: Masonry, Shake Siding, Stone, Wood Siding, Wood Frame

Roof: Asphalt, Shingle

Financial

Property Taxes: $7,904

Other

Price Per Sqft: $581

Price Per Acre: $218,143

774 Aldridge Road, Banner Elk, NC 28604

Call 336-246-6348

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Listing Courtesy of Lyons Construction And Realty, Inc.

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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