Sold
Last Sold Price
4 beds3,575 sqft$259/sqft
331 Chestnut Mountain Rd, Banner Elk, NC 28604
Single FamilyProperty Type
1.58 acresLot Size
2006Year Built
$259/sq ftPrice per sq ft
$500/yrHOA Fees
2 carsParking Spaces

Description

LUXURY-TIMBER-FRAME-HOME featured in Timber Home Living magazine. This CUSTOM-DESIGNED-HOME provides privacy and natural beauty both inside and out with Long Range Seasonal Views ! ---Seller motivated--- + Seller Financing "Considered"--- The Stone Foyer leads to the OPEN and Spacious Main Level. Massive, pegged Douglas Fir Timbers soar 30 Feet above the Great Room Living spaces, complete with floor-to-ceiling Stone Fireplace. Huge, Custom Gourmet Kitchen, Dining Area, Breakfast Nook, 1/2 Bath w/Laundry,...LUXURY-TIMBER-FRAME-HOME featured in Timber Home Living magazine. This CUSTOM-DESIGNED-HOME provides privacy and natural beauty both inside and out with Long Range Seasonal Views ! ---Seller motivated--- + Seller Financing "Considered"--- The Stone Foyer leads to the OPEN and Spacious Main Level. Massive, pegged Douglas Fir Timbers soar 30 Feet above the Great Room Living spaces, complete with floor-to-ceiling Stone Fireplace. Huge, Custom Gourmet Kitchen, Dining Area, Breakfast Nook, 1/2 Bath w/Laundry, and Very Large OWNER'S SUITE w/Fireplace complete the Main Level. There are a total of 3 Stone Fireplaces! The Lower Level has an English Pub type Bar, (Kitchenette), Family Room, and a "Bonus Room" that could be an alternate Guest Suite and another Full Bath. Upper Level includes 3 Bedrooms, 2 Full Baths, Sitting Area plus a Bonus LOFT. Explore the "Emerald Path" within the property, build a campfire in the fire pit, relax in the Huge Hot Tub, or lounge on one of the several decks. This breathtaking home is the perfect vacation retreat OR year-round-living. Elevation is a cool 3800 - THIS HOME WOULD EASILY COST $1,500,000 TO BUILD. ... No short-term rentals allowed...
  • Listed by: Michael Parkinson • Keller Williams High Country
Listing closed: 02/07/2023 12:00 AM • Source: High Country Association of REALTORS, MLS#: 237958

Recent comparable sales

Median sold price

$1,175,000

Avg days on market

105

Sale-to-list ratio

90.8%

Banner Elk, NC

9 comparable properties found

$1,000,000 | 358 Falling Waters Way, Banner Elk, NC 28604
1/34
1

$1,000,000

Sold 03/31/25

4
Bedrooms
3,200
Square Feet
2.5
Acres
a backyard of a house with table and chairs
1/43
2

$950,000

Sold 08/01/25

4
Bedrooms
3,506
Square Feet
2.08
Acres
a front view of a house with a yard and garage
1/51
3

$1,175,000

Sold 06/01/26

4
Bedrooms
2,671
Square Feet
1.48
Acres
$1,412,500 | 668 Pigeon Roost Road, Banner Elk, NC 28604
1/49
4

$1,412,500

Sold 06/13/25

4
Bedrooms
3,567
Square Feet
19.01
Acres
a front view of a house with garden
1/36
5

$1,125,000

Sold 11/19/24

4
Bedrooms
3,488
Square Feet
0.81
Acres
a view of entryway and hall with wooden floor
1/51
6

$2,700,000

Sold 04/09/26

4
Bedrooms
3,629
Square Feet
1.48
Acres
$1,850,000 | 504 Fox Run Road, Banner Elk, NC 28604
1/50
7

$1,850,000

Sold 05/19/25

4
Bedrooms
4,030
Square Feet
1
Acres
$1,625,000 | 1921 Worley Road, Banner Elk, NC 28604
1/49
8

$1,625,000

Sold 09/18/25

4
Bedrooms
8,590
Square Feet
12.52
Acres
a front view of a house with trees and balcony
1/45
9

$1,100,000

Sold 11/24/25

4
Bedrooms
2,803
Square Feet
0.33
Acres

Location

Listing Courtesy of Keller Williams High Country

Sold By The Summit Group Of The Carolinas

Add your commute

Payment Calculator

$4,953 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,702

Property Taxes

$210

HOA Dues

$42

The Payment Calculator is for illustrative purposes only.

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Property Information for 331 Chestnut Mountain Road

Property Details
  • Taxes: $2,522 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Mountain
  • Waterfront Features: Pond
  • Parking Features: Asphalt, Basement, Driveway, Garage, TwoCarGarage, Other, Oversized, Paved, Private, SeeRemarks
  • View: Yes
  • Subdivision Name: Chestnut Hill
  • View: Mountains, SeasonalView
  • Zoning Description: Residential
Building Information
  • Stories: 3
  • Year Built: 2006
  • Lot Size: 1.58 AC / 68,824 SF
Summary
Location and General Information
  • Directions: (Home is occupied.) - GATE CODE NEEDED - Located right off of Hwy 194 between Valle Crucis and Banner Elk = the Gated entrance is just "South" of the Matney Community Center on Hwy 194.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 5-Watauga, Shawneehaw
  • MLS Area Minor: Banner Elk
Taxes and HOA Information
  • Parcel Number: 1869-86-0488-000
  • Association Fee: $500.00
  • Association Fee Frequency: Annually
  • Association Name: Chestnut Hill P.O.A.
  • Association: Yes
  • Tax Annual Amount: $2,522
  • Tax Book Number: 2041/877
  • Tax Lot: Lot 3
School Information
  • Elementary School: Valle Crucis
  • High School: Watauga
Parking
  • Garage: Yes
  • Garage Spaces: 2.0
Property
Lot Information
  • Above Grade Finished Area: 2820.0
  • Below Grade Finished Area: 755.0
  • Lot Size Acres: 1.58
  • Lot Size Area: 1.58
  • Lot Size Units: Acres
  • Living Area: 3575.0
Property and Assessments
  • Year Built: 2006
  • Human Modified: Yes
Utilities
  • Electric: Generator
  • Sewer: PrivateSewer, SepticPermit4Bedroom, SewerAppliedforPermit
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: CommunityCoop, SharedWell
Interior and Exterior Features
Exterior Features
  • Exterior Features: FirePit, HotTubSpa, PavedDriveway
  • Spa: Yes
  • Community Features: Gated
  • Construction Materials: Frame, Other, ShakeSiding, Stone, WoodSiding, WoodFrame
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Multiple, Open, Patio, Stone
  • Security Features: RadonMitigationSystem
  • Spa Features: HotTub
  • Roof: Architectural, Shingle
Interior Features
  • Levels: ThreeOrMore
  • Stories: 3
  • Stories Total: 3
  • Flooring: Brick, Carpet, CeramicTile, Stone, Wood
  • Basement: Yes
  • Basement: Full, WalkOutAccess
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total: 5
  • Bedrooms Total: 4
  • Rooms Total: 4
  • Cooling: No
  • Cooling: None
  • Heating: Yes
  • Heating: ForcedAir, Fireplaces, Propane
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Fireplace Features: Three, Stone, Propane
  • Laundry Features: MainLevel
  • Appliances: DoubleOven, Dryer, Dishwasher, ExhaustFan, ElectricWaterHeater, GasCooktop, MicrowaveHoodFan, Microwave, Refrigerator, Washer
  • Interior Features: WetBar, CathedralCeilings, HotTubSpa, JettedTub, VaultedCeilings
  • Window Features: DoublePaneWindows

Property History for 331 Chestnut Mountain Road

DateEvent & SourcePriceAppreciation
Feb 7, 2023

Closed

High Country Association of REALTORS #237958

$925,000
Feb 3, 2023

Closed (Public Record)

Public Record #1505602369

$925,000

+10.6% / yr

Jan 14, 2023

Under Contract-Show

High Country Association of REALTORS #237958

DateEvent & SourcePrice
02/07/2023

Closed

High Country Association of REALTORS #237958

$925,000
02/03/2023

Closed (Public Record)

Public Record #1505602369

$925,000

+10.6% / yr

01/14/2023

Under Contract-Show

High Country Association of REALTORS #237958

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

Public Records for 331 Chestnut Mountain Road

Taxable ValueLand$54,200Additions$609,400Total$663,600
Tax Record2025$2,557 ($213 / month)
Home Facts
Beds4Baths4.5Total Finished SqFt3,342 SqFtAbove Grade Finished SqFt3,342 SqFtStories2Lot Size68,825 SqFtStyleSingle Family ResidenceYear Built2006CountyWATAUGAAPN1869-86-0488-000Fireplace TypeHas Fireplace

Schools near 331 Chestnut Mountain Road

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

Watauga High
Public9 to 12

Watauga Virtual Academy
PublicK to 8

Watauga Innovation Academy
Public9 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 331 Chestnut Mountain Road, Banner Elk, NC 28604
$925,000
4
3,575
68,824
3
2,625
70,132
$240,000
2
1,956
196,891
$550,000
4
2,784
202,554
3
3,121
128,938
$45,000
115,434

Explore Nearby Homes

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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.