This 29.84-acre property located on Teaster Valley Lane in Banner Elk, NC, is listed for 2,999,000 and offers a unique opportunity for extreme privacy, development, or a mountain retreat. The property features stunning, long-range mountain views and includes a 1996 manufactured home (504 sq ft) with a partially finished cabin, providing a base while building
Property Highlights:
Acreage: 29.84 acres, described as partially cleared with significant mature timber and varied topography.
Water Source: The property operates on a natural spring.
Water Feature: The Elk River runs through the property.
Location: Situated in Banner Elk (Avery County), near Beech Mountain, Sugar Mountain, and Grandfather Mountain.
Potential: Ideal for investors looking to build multiple luxury homes, or as a private family estate for recreational vehicles and wilderness lovers.
Access: Located near the end of Teaster Valley Lane, requiring travel up a hill to reach the prime building sites
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Listing Snapshot
Price
$2,999,000
Days On Site
324 Days
Bedrooms
4
Inside Area (SqFt)
1,421 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
29.84 Acres
Year Built
1996
MLS® Number
1183903
Status
Active
Property Tax
$1,843
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 weeks ago
Price changed to $2,999,000
3 weeks ago
Listing updated with changes from the MLS®
11 months ago
Listing first seen on site
General Features
Acres
29.84
Levels
One
Parking
Driveway
Property Sub Type
Manufactured Home
Sewer
Private Sewer
SqFt Above
1421
SqFt Total
1421
Water Source
Spring
Zoning
R-1A
Interior Features
Appliances
Electric Water Heater
Basement
Crawl Space
Cooling
Wall Unit(s)
Heating
ElectricForced Air
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Exterior Features
Construction Details
Aluminum SidingVinyl Siding
Lot Features
ViewsWooded
Pool Features
None
Waterfront
Yes
Waterfront Features
River AccessRiver Front
Community Features
Financing Terms Available
CashConventionalFHAUSDA LoanVA Loan
Listing courtesy of Kelly Lynch of Real Broker LLC
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Last checked: 2026-05-01 01:21 AM UTC
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