Lots and Land: MLS #245092 Banner Elk, NC $ 11,500,000
Lots and Land: MLS #245092
$ 11,500,000
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Lots and Land: MLS #245092

Banner Elk, NC, 28604
$ 11,500,000
Baths0.0

Monthly Estimate*

$ 80,331

MLS #/Web ID: 245092 - Image 1
MLS #/Web ID: 245092 - Image 2
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MLS #/Web ID: 245092 - Image 10
MLS #/Web ID: 245092 - Image 11
Studio

Lots and Land for sale in Banner Elk, NC

for $11,500,000. The lot size is 250.

This significant 250+/-acre Mountain is a developer’s paradise. The property is nestled between some of the greatest attractions the Blue Ridge Mountains have to offer, and can be the home to your dream development. Looking out from the peak, you can see Grandfather Mountain, Sugar Mountain Ski Resort, and the adjacent Diamond Creek Golf Club. You are conveniently located less than 2 hours from major airports and minutes from the Blue Ridge Parkway. This virtually untouched property is the perfect canvas for your next residential or resort development.This property offers a serenity that placing one with nature provides and is minutes away from some of the most extraordinary attractions North Carolina has to offer. Guests may spend time hiking the Appalachian mountain trails, enjoying some of the only snow skiing in the southeast, enjoying a round of golf at one of the many golf courses in the immediate areas, or taking a scenic drive up the Blue Ridge Parkway; These amenities and more are all in the immediate area of these property lines. This tract awaits a visionary resort owner and developer to bring grandeur and elegance to this mountaintop and present its visitors with their “new favorite place to be.” This property is a wooded wonderland with elevations ranging from 3800 ft to over 4600 ft. With a recently added road, it is ready to host your development dreams. The survey states 252+/- acres and the deed states approx 240 acres for the main parcel. (Note there are 2 separate tracts to this property.) The smaller tract has 2.48+/- acres. The property also has 2 deeded ROW and is a 60 foot ROW with a dedicated utilitie easement also. The property is mature forest land. It is gently sloping in most areas and has a couple of meadow areas within the tract. There are a few natural streams within the property. There is a small patch of rhododendron along the most southwestern corner of the property.

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Lots and Land Active

Price

$ 11,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 4,902

Style

Acreage

Lot Size

250

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

245092

Features
General
Sewer Other SeeRemarks
Utilities Other SeeRemarks
View GolfCourse LongRange Mountains SkiArea TreesWoods
Topography Level Rolling Sloping
Property SubType Acreage
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
High School Avery County
City Banner Elk
Buyer Agent Compensation 2
View Y/N Y
Senior Community Y/N N
Zoning Description None
MLS Area 8-Banner Elk
Private Pool N
Waterfront Y/N Y
Carport Y/N N
Street Name Dobbin
Listing Terms Cash NewLoan
Elementary School Newland
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4902.0
Home Warranty Y/N N
Middle/Junior High School Avery
Lease Renewal Y/N N
MLS Area Minor Banner Elk
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Standard Status Active
Tax Lot n/a
Property Sub Type Additional Acreage
Buyer Agent Compensation Type Item1
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Exterior
Vegetation Wooded
Lot Features Acreage Level RollingSlope Wooded
Water Source Other SeeRemarks
Lot Size Area 250.0
Spa N
Lot Size Acres 250.0
Road Surface Type Other SeeRemarks
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
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Internal Only
Street Number 1 0
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* Excluded Features
List By
Ivester Jackson Distinctive Properties

Broker

kim@krbroker.com

Email

Affordability Calculator

$80,739
Per Month
99%
1%
0%
Monthly Principal & Interest
$80,331
Monthly Property Taxes
$409
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4062173 Elementary School
4062215 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
8/22/2023$11,500,000 Listed Price

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