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    Tbd Banner Elk Hwy Elk Park, NC 28622

    For Sale
    $949,000

    Land - Elk Park, NC

    Lot size:
    37.00 Acres
    Days on Market:
    244
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for Tbd Banner Elk Hwy

    General Information

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

    Building Details

    Architectural style
    Other

    High Country Resort Properties (828) 963-2342 [email protected]

    Listing agent Michelle Griffin (828) 260-7751

    Listing date Apr 9, 2025

    MLS# 254269 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

    Unrestricted Land with Mountain Views

    This is a large 37-acre tract of unrestricted land located on Banner Elk Highway. The property offers views of Cranberry Creek and is situated in an NC Opportunity Zone. There are numerous access points available for creating a driveway onto the land. The top portion of the property is flat and provides mountain views. The property is suitable for investment purposes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elk Park
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9572
    Latitude
    36.1731

    Nearby Similar for Sale

    • $985,000

      Commercial Property Near Banner Elk

      Versatile commercial property with high visibility and ample parking.
      6460 Banner Elk Pkwy, Elk Park, NC 28622
      View Details

    FAQs

    What type of property is this?
    Land - Large unrestricted land tract in NC Opportunity Zone with mountain views.
    Where is this land located?
    The property is located at Tbd Banner Elk Hwy Elk Park, NC.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: - Unrestricted land offering flexibility in usage.; - Located in a NC Opportunity Zone, potentially offering tax benefits for investors.; - Large tract size.
    (828) 260-7751
    Request Owner's contact information
    Tbd Banner Elk Hwy Elk Park, NC 28622
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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
    Tbd Banner Elk Hwy Elk Park, NC 28622
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