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    20 Running Bear Cir Banner Elk, NC 28604

    For Sale
    $200,000

    Land - Banner Elk, NC

    Lot size:
    0.58 Acres
    Days on Market:
    233
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 20 Running Bear Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.58 Acres

    Building Details

    Architectural style
    Other

    The Summit Group of the Carolinas (828) 898-3500 [email protected]

    Listing agent Marsha McManus (828) 898-3500

    Listing date Apr 21, 2025

    MLS# 253977 Listing URL

    Copyright © 2025 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Scenic Lot in Banner Elk

    Located in Bear Run, a growing subdivision near Banner Elk, this lot offers an opportunity to build a home in a scenic location. The 0.58-acre lot is centrally located within the subdivision and accessible from both the top and bottom of the property. The land is gently sloping and has views of Beech Mountain. Situated 1.5 miles from downtown Banner Elk, the location provides access to shops, restaurants, hiking trails, and skiing. City water and sewer are available, along with electric, high-speed internet, cable, and natural gas. A city-maintained, paved road leads to the lot. The property is located a few minutes from Sugar Mountain and Beech Mountain, providing access to skiing, hiking, and all-season recreation. Long-term rentals are permitted, making this a potential option for personal use and investment.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Banner Elk
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.86494
    Latitude
    36.150572

    Nearby Similar for Sale

    • New
      $1,175,000
      0.48 Acres

      Banner Elk Multi-Family Investment Opportunity

      Four rentable units with income potential near Beech Mountain.
      226 Beech Haven Rd, Banner Elk, NC 28604
      View Details
    • New
      $599,000
      0.69 Acres

      Mixed-Use Building with Apartment Income

      Large mixed-use property with retail space and apartment rentals.
      10545 Nc Highway 105, Banner Elk, NC 28604
      View Details
    • New
      $599,000
      0.69 Acres

      Mixed-Use Building with Rental Income

      Commercial building with retail space and apartment rental income.
      10545 Nc Hwy 105 Hwy S, Banner Elk, NC 28604
      View Details
    • $1,095,000

      Multi-Use Building Near Beech Mountain

      Versatile property with office space and income-generating residential units.
      3026 Beech Mountain Pkwy, Banner Elk, NC 28604
      View Details

    FAQs

    What type of property is this?
    Land - Build your dream home in a coveted mountain community.
    Where is this land located?
    The property is located at 20 Running Bear Cir Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Premier location in Bear Run, a highly coveted mountain community near downtown Banner Elk.; - City water and sewer available, along with electric, high-speed internet, cable, and natural gas.; - Convenient access to skiing, hiking, and all-season recreation at nearby Sugar Mountain and Beech Mountain.
    (828) 898-3500
    Request Owner's contact information
    20 Running Bear Cir Banner Elk, NC 28604
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    Banner Elk, NC 28604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Running Bear Cir Banner Elk, NC 28604
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