Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    31 Running Bear Cir Banner Elk, NC 28604

    For Sale
    $125,000

    Land - Banner Elk, NC

    Lot size:
    0.94 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 14 at 9:06 am

    Property Features for 31 Running Bear Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.94 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 Aug 28, 2025

    MLS# 255075 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

    Land in Premier Banner Elk

    Located in Bear Run, a rapidly growing subdivision 1.5 miles from downtown Banner Elk, these two lots are being sold together, creating a 0.94-acre property. The development offers city water and sewer, underground electric, high-speed internet, cable, and natural gas. A city-maintained, paved road provides direct access to the lot, with driveway access across lots 33 and 32. The property offers views of Banner Elk and is located a few minutes from Sugar Mountain, Beech Mountain, and the Blue Ridge Parkway, providing access to skiing, hiking, and all-season recreation. Long-term rentals are permitted, making this a suitable 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

    • $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
    • $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
    • $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 - Two lots totaling 0.94 acres near downtown Banner Elk.
    Where is this land located?
    The property is located at 31 Running Bear Cir Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime Location: Just 1.5 miles from downtown Banner Elk and minutes from Sugar Mountain, Beech Mountain, and the Blue Ridge Parkway.; - Investment Potential: Long-term rentals are permitted.; - City Utilities: Offers city water and sewer, underground electric, high-speed internet, cable, and natural gas.
    (828) 898-3500
    Request Owner's contact information
    31 Running Bear Cir Banner Elk, NC 28604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Running Bear Cir
    Banner Elk, NC 28604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31 Running Bear Cir Banner Elk, NC 28604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.