Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot in Gated Community Title is generated by Realmo AI

    Woodlake Loop Road, Elk Park, NC 28622

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Elk Park, NC

    Lot size:
    1.00 Acre
    Added:
    Apr 6, 2026
    Days on Market:
    47
    Last Refresh:
    May 22 at 10:06 am

    Property Features for Woodlake Loop Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1920-00-92-7275-00000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    HEADWATERS AT B.E.LOT L11PLAT 41-366

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    John Robinson

    Listing agent John Robinson License #4272020

    Listing office MATHERS REALTY.COM 4335 Matthews Mint Hill Rd Ste B, MATTHEWS, NC

    Listing date Apr 6, 2026

    MLS# 4362569 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exclusive gated community of Headwaters near Banner Elk with breathtaking long‑range mountain views.
    • Access to two stocked fishing lakes (over 20 acres) for fishing, kayaking, and canoeing.
    • Upscale amenities including a 6,000 sq ft clubhouse with theatre, game room, culinary kitchen, and more.
    • Located just 5 miles from Banner Elk, offering convenient access to dining, shopping, and attractions.
    • Abundant outdoor recreation: tennis/pickleball courts, fitness center, dog park, hiking/biking trails.
    • Surrounded by over 55,000 acres of protected National Park and Game Lands, ensuring beauty and seclusion.

    Overview

    This 1-acre wooded lot is located within the gated Headwaters community near Banner Elk. The community offers long-range mountain views and is a short walk to two stocked fishing lakes spanning more than 20 acres, suitable for fishing, kayaking, or canoeing. Situated five miles from Banner Elk, the property provides privacy with convenient access to local dining, shopping, and year-round attractions. Community amenities include a 6,000-square-foot, two-story clubhouse featuring a theatre room, game room, library, culinary kitchen, and dining space. Outdoor recreation is facilitated by tennis and pickleball courts, a fitness center, dog park, basketball court, helicopter pad and miles of hiking and biking trails. The community is surrounded by over 55,000 acres of protected National Park and Game Lands.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elk Park
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9489743
    Latitude
    36.1936474

    Nearby Similar for Sale

    • $189,000

      Land with Utilities in Elk Park

      1.47-acre lot with utilities ready for building or camping.
      891 Little Elk Road, Elk Park, NC 28622
      View Details
    • $119,000

      Land with Southwest Views

      2.86 acre lot with southwest views in gated community.
      Beaver Dam Road lot: 92, Elk Park, NC 28622
      View Details
    • $124,900

      Unrestricted Land Overlooking Buckeye Creek

      19-acre unrestricted land with road frontage and mountain views.
      Buckeye Road, Elk Park, NC 28622
      View Details
    • $125,000

      Gently Sloping Mountain Lot

      Buildable lot with dramatic scenery in gated community.
      TBD Lot 8 Heritage Ridge Drive, Elk Park, NC 28622
      View Details
    • $125,000

      Land with Mountain and Lake Views

      1.63 acres with mountain views, lake access, and spring.
      Beaver Dam Road, Elk Park, NC 28622
      View Details
    • $689,000

      Unrestricted Land Near Beech Mountain

      23.2 acres of unrestricted wooded land near Banner Elk.
      Beech Mountain Road, Elk Park, NC 28622
      View Details
    • $275,000

      Homesite Lot in Gated Community

      1.23-acre homesite with mountain views and community amenities.
      110 Blacksmith Circle, Elk Park, NC 28622
      View Details
    • $95,000

      Waterfront Land in Elk Park, NC

      Gently sloping waterfront lot in Headwaters at Banner Elk.
      TBD Lake Lot 1 Woodlake Loop Road, Elk Park, NC 28622
      View Details
    • $195,000

      Land with Long Range Views

      2.7-acre tract with mountain views near community amenities.
      Falls Creek Parkway lot: #2A, Elk Park, NC 28622
      View Details
    • $317,000

      Land with Scenic Mountain Views

      2.11-acre lot in luxury mountain community with amenities.
      77 N Eagles Nest Trail, Elk Park, NC 28604
      View Details
    • $219,000

      Buildable Homesite with Mountain Views

      2.264 acre homesite with community amenities and mountain views.
      Falls Creek Parkway lot: #2B, Elk Park, NC 28622
      View Details
    • $105,000

      Elk Park Mountain View Land

      Gently sloping mountain lot in gated community with amenities.
      TBD Lot 34 Falls Creek Parkway, Elk Park, NC 28622
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One-acre wooded lot in Headwaters community near Banner Elk.
    Where is this residential land & home lot located?
    The property is located at Woodlake Loop Road Elk Park, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Exclusive gated community of Headwaters near Banner Elk with breathtaking long‑range mountain views.; Access to two stocked fishing lakes (over 20 acres) for fishing, kayaking, and canoeing.; Upscale amenities including a 6,000 sq ft clubhouse with theatre, game room, culinary kitchen, and more.
    (704) 351-2396
    We can help!
    Listing Contact
    John Robinson
    Real Estate License ID: 4272020
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Woodlake Loop Road, Elk Park, NC 28622
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!