774 Aldridge Road Banner Elk, NC $ 3,850,000
774 Aldridge Road
$ 3,850,000
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774 Aldridge Road

Banner Elk, NC, 28604
$ 3,850,000
Bedrooms7 Baths6.1 Sq 6,628

Monthly Estimate*

$ 23,705

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Single Family Home for sale in Banner Elk, NC

for $3,850,000 with 7 bedrooms and 6 full baths, 1 half bath. This 6,628 square foot home was built in 1976 on a lot size of 17.649.

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.

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Single Family Active

Price

$ 3,850,000

Bedrooms

7

Full Bath

6

Half Bath

1

Property Type

Single Family

Taxes

$ 7,904

Style

Lot Size

17.649

Year Built

1976

Town/City

Banner Elk

County/Region

Watauga

MLS | Web ID

259141

List By
Lyons Construction And Realty, Inc.

Broker

robbie.sharrett@gmail.com

Email

Affordability Calculator

$24,364
Per Month
97%
3%
0%
Monthly Principal & Interest
$23,705
Monthly Property Taxes
$659
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
4700116 Elementary School
0 Middle School
Watauga High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$3,850,000 Listed Price

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774 Aldridge Road, Banner Elk, NC, 28604 is a Single Family Home for sale at $3,850,000 with 6,628 sqft and a lot size of 17.649. 774 Aldridge Road has 7 bedrooms, 6.1 baths, and was built in 1976. The property's zip code is 28604 which is in Banner Elk, NC