Last Sold Price
4 beds2,236 sqft$220/sqft
224-234 Laurel Gap Ridge, Boone, NC 28607

Description

Rare Investment Opportunity in Boone! Two Homes on One Acre for $499,000. Opportunities like this don’t come around often, two separate homes on one acre in Boone, priced well below replacement value. Whether you’re an investor seeking strong cash flow or a parent of an Appalachian State student looking to offset housing costs, this property is tailor-made for you. The main home is a spacious 4-bedroom, 2-bathroom residence currently rented at $2,650/month, providing immediate income. Thoughtful...Rare Investment Opportunity in Boone! Two Homes on One Acre for $499,000. Opportunities like this don’t come around often, two separate homes on one acre in Boone, priced well below replacement value. Whether you’re an investor seeking strong cash flow or a parent of an Appalachian State student looking to offset housing costs, this property is tailor-made for you. The main home is a spacious 4-bedroom, 2-bathroom residence currently rented at $2,650/month, providing immediate income. Thoughtful upgrades add character and long-term value, including tongue-and-groove ceilings, a new wood stove (2022), updated ceiling fans (2022), a newer kitchen island, and a brand-new roof (July 2025). Just down the property, you’ll find a second home, a modern 2023 double-wide manufactured home with 2 bedrooms, 2 bathrooms, plus an additional sleeping room. Everything here is new, covered under a transferrable comprehensive warranty until July 2028, and designed for low-maintenance living. Market rent is estimated at $1,800/month, creating strong dual-income potential. Together, these homes could conservatively generate $4,400+ per month in rental income, positioning this property as a high-yield portfolio addition. Parents of college students will also love the flexibility, rent out one home while your student lives affordably in the other, with or without roommates. If sold separately, these homes could likely command closer to $600,000 combined, but subdivision would require acquiring additional land to meet county regulations. At $499,000 for both homes together, this is an investor’s dream: instant income, long-term upside, and built-in flexibility.
LISTING CLOSED: 10/29/2025 12:00 AM

  1. Listed by Terri Boyer • Keller Williams High Country • (828) 719-9483
  2. Listed by Derek Boyer • Keller Williams High Country

Property Details for 224-234 Laurel Gap Ridge

Status
MLS #
258196
Days on Market
37
Taxes
$1,648 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1978
Lot Size
1.00 AC / 43,560 SF
Architectural Style
ManufacturedHome, Traditional
Parking Features
Asphalt, Carport, Driveway, Gravel, Paved, Private, SharedDriveway
View
Yes
Subdivision Name
None
View
TreesWoods

Location

Listing Courtesy of Keller Williams High Country

Sold By NONMLS

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Building Information for 224-234 Laurel Gap Ridge

Stories2Year Built1978Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$2,633 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,496

Property Taxes

$137

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 224-234 Laurel Gap Ridge

Summary
Location and General Information
  • Directions: From Boone: Take 421 South to Laurel Gap Ridge and turn left. Home will be approx .1 mile on the right.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 3-Elk, Stoney Fork (Jobs Cabin, Elk, WILKES)
Taxes and HOA Information
  • Parcel Number: 2941242674000
  • Association: No
  • Tax Annual Amount: $1,648
  • Tax Book Number: 2060/236
School Information
  • Elementary School: Parkway
  • High School: Watauga
Parking
  • Carport: Yes
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 1118.0
  • Below Grade Finished Area: 1118.0
  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Size Units: Acres
  • Living Area: 2236.0
Property and Assessments
  • Other Structures: LivingQuarters
  • Year Built: 1978
  • Documents Available: Disclosures, LeadBasedPaintDisclosure, SellersPropertyDisclosure, RentRolls
  • Human Modified: Yes
Utilities
  • Sewer: Other, SepticTank, SeeRemarks
  • Utilities: CableAvailable, HighSpeedInternetAvailable, SepticAvailable
  • Water Source: SharedWell
Interior and Exterior Features
Exterior Features
  • Exterior Features: GravelDriveway, PavedDriveway
  • Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
  • Construction Materials: Manufactured, Stone, VinylSiding, WoodSiding, WoodFrame
  • Foundation Details: Basement
  • Patio And Porch Features: Multiple
  • Roof: Asphalt, Shingle
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Flooring: Carpet, CeramicTile, LuxuryVinyl, LuxuryVinylPlank, Wood
  • Basement: Yes
  • Basement: CrawlSpace, Finished
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4
  • Rooms Total: 2
  • Cooling: No
  • Cooling: CentralAir, None
  • Heating: Yes
  • Heating: Baseboard, Electric, HeatPump, SpaceHeater, WoodStove, WallFurnace
  • Fireplace: No
  • Fireplace Features: None
  • Laundry Features: WasherHookup, DryerHookup, InBasement, MainLevel
  • Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, Washer
Mobile Home
Mobile Home Information
  • Body Type: DoubleWide

Property History for 224-234 Laurel Gap Ridge

DateEvent & SourcePriceAppreciation
Oct 29, 2025

Closed

High Country Association of REALTORS #258196

$491,000
Sep 30, 2025

Under Contract-Show

High Country Association of REALTORS #258196

Sep 29, 2025

Under Contract-No Show

High Country Association of REALTORS #258196

DateEvent & SourcePrice
10/29/2025

Closed

High Country Association of REALTORS #258196

$491,000
09/30/2025

Under Contract-Show

High Country Association of REALTORS #258196

09/29/2025

Under Contract-No Show

High Country Association of REALTORS #258196

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 224-234 Laurel Gap Ridge

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Parkway Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Innovation Academy
Public9 to 12

Watauga Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams High Country

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.