Last Sold Price
5 beds4,792 sqft$287/sqft
348 New Farm Rd, Banner Elk, NC 28604

Description

First time on the market. Riverfront Estate Home complete with Caretaker-Guest Cottage and Vacant Pasture Land magically located in the Valle Crucis area - all of the 3 Tracts have their very own Watauga River Frontage. The 3 Tracts total @ 14.59 Acres approx. The Main Estate Home is basically ONE LEVEL LIVING with everything on the main level less extra bedrooms and baths upstairs. No Basement, there is a crawl space. The Main Estate Home shows 5 Bedroom Septic Permitting and the Guest Cottage shows...First time on the market. Riverfront Estate Home complete with Caretaker-Guest Cottage and Vacant Pasture Land magically located in the Valle Crucis area - all of the 3 Tracts have their very own Watauga River Frontage. The 3 Tracts total @ 14.59 Acres approx. The Main Estate Home is basically ONE LEVEL LIVING with everything on the main level less extra bedrooms and baths upstairs. No Basement, there is a crawl space. The Main Estate Home shows 5 Bedroom Septic Permitting and the Guest Cottage shows 2 Bedroom Septic Permitting. Neither footprint of either home shows being inside any flood plain area. Horses are permitted, Vegetable Gardens are permitted however no Commercial Use or Sales. Main Estate Home has 5 Bedrooms, 5 Full Baths, 1/2 Bath, Master Suite with Double Full Baths, Family Room with Stone Fireplace, Formal Living Room with Fireplace, Formal Dining Room, Den or Office or Study, Breakfast Nook, Laundry Room, Sunroom, Screened-In-Room, Full 2 Car Garage, Workshop Area in Garage and Lots of Entertainment Decking. The Main Home also has a fenced-in Dog Run. The Guest Cottage has @ 900 sq. ft. living space and a Full 2 Car Garage. Easy to show today, Buy Now!
LISTING CLOSED: 11/05/2019 12:00 AM

  1. Listed by Michael Parkinson • Keller Williams High Country Realty

Property Details for 348 New Farm Road

Status
MLS #
218301
Days on Market
33
Taxes
$6,600 / year
HOA Fees
$1,800 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1987
Lot Size
14.59 AC / 635,540 SF
Architectural Style
Mountain, Traditional
Waterfront Features
RiverFront
Parking Features
Asphalt, Concrete, Driveway, Garage, TwoCarGarage, Paved, Private
View
Yes
Subdivision Name
Shulls Farm
View
Mountains, Pasture, River
Zoning Description
Residential,Subdivision

Recent comparable sales

Median sold price

$1,850,000

Avg days on market

188

Sale-to-list ratio

85.0%

Banner Elk, NC

9 comparable properties found

a front view of a house with garden
1/51
1

$1,850,000

Sold 10/27/25

4
Bedrooms
4,920
Square Feet
6.2
Acres
$1,750,000 | 373 Laurel Ridge Lane, Unit 4, Banner Elk, NC 28604
1/51
2

$1,750,000

Sold 08/18/25

5
Bedrooms
4,667
Square Feet
0.11
Acres
an aerial view of a house with swimming pool garden and patio
1/51
3

$1,210,000

Sold 05/27/26

4
Bedrooms
4,226
Square Feet
0.56
Acres
a garden view with a sitting space
1/31
4

$4,235,000

Sold 07/06/26

5
Bedrooms
5,739
Square Feet
6.77
Acres
a view of a chair and table in the garden
1/46
5

$2,250,000

Sold 10/24/24

8
Bedrooms
4,717
Square Feet
9
Acres
an aerial view of a house with swimming pool and garden
1/49
6

$2,700,000

Sold 09/29/25

5
Bedrooms
3,979
Square Feet
1.16
Acres
$650,000 | 317 Old Turnpike Road Northwest, Banner Elk, NC 28604
1/49
7

$650,000

Sold 03/20/25

5
Bedrooms
2,856
Square Feet
0.76
Acres
a front view of house with outdoor seating and green space
1/51
8

$1,223,455

Sold 07/25/25

3
Bedrooms
3,262
Square Feet
4.8
Acres
$2,550,000 | 1314 Summit Park Drive, Banner Elk, NC 28604
1/50
9

$2,550,000

Sold 08/15/25

5
Bedrooms
4,273
Square Feet
5.02
Acres

Location

Listing Courtesy of Keller Williams High Country Realty

Sold By Blowing Rock Investment Properties

Add your commute

Building Information for 348 New Farm Road

Stories2Year Built1987Building Size-Lot Size14.59 AC / 635,540 SF

Payment Calculator

$7,689 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,989

Property Taxes

$550

HOA Dues

$150

The Payment Calculator is for illustrative purposes only.

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Property Information for 348 New Farm Road

Summary
Location and General Information
  • Directions: From Boone - - - Take Hwy 105 South to - - - Right on Broadstone Road to - - - Right into Shulls Farm to - - - TAKE A LEFT across the low water bridge to - - - 2nd Home on the Right. See real estate sign.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 5-Watauga, Shawneehaw
  • MLS Area Minor: Valle Crucis
  • Topography: Pasture
Taxes and HOA Information
  • Parcel Number: 1980-53-6157-000
  • Additional Parcels Description: 1980-52-2787-000 -and- 1980-53-2323-000
  • Association Fee: $1,800.00
  • Association Fee Frequency: Annually
  • Association Name: Shulls Farm P.O.A.
  • Association: Yes
  • Tax Annual Amount: $6,600
  • Tax Assessed Value: 1429000
  • Tax Book Number: 324/15
  • Tax Lot: 14,13+16
School Information
  • Elementary School: Valle Crucis
  • High School: Watauga
Parking
  • Garage: Yes
  • Garage Spaces: 2.0
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 4792.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Pasture
  • Lot Size Acres: 14.59
  • Lot Size Area: 14.59
  • Lot Size Units: Acres
  • Living Area: 4792.0
Property and Assessments
  • Year Built: 1987
  • Human Modified: No
Utilities
  • Sewer: PrivateSewer, SepticPermit5orMoreBedroom, SewerAppliedforPermit
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fence, HorseFacilities, Storage, ConcreteDriveway, PavedDriveway
  • Fencing: Partial
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Stone, WoodSiding, WoodFrame
  • Patio And Porch Features: Covered, Open
  • Security Features: SecuritySystem, RadonMitigationSystem
  • Roof: Shake, Wood
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Flooring: Carpet, CeramicTile, Vinyl, Wood
  • Basement: CrawlSpace
  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total: 6
  • Bedrooms Total: 5
  • Rooms Total: 2
  • Cooling: Yes
  • Cooling: CentralAir, HeatPump, Item3Units
  • Heating: Yes
  • Heating: ForcedAir, Fireplaces, Propane
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Fireplace Features: Two, Propane
  • Laundry Features: MainLevel
  • Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MicrowaveHoodFan, Microwave, Refrigerator, Washer
  • Interior Features: WetBar, TrayCeilings
  • Window Features: DoublePaneWindows
Room Information
Room 1
  • Room Level: Second
  • Room Type: Bedroom
Room 2
  • Room Level: First
  • Room Type: Laundry
Room 3
  • Room Level: First
  • Room Type: Kitchen
Room 4
  • Room Level: First
  • Room Type: Foyer
Room 5
  • Room Level: First
  • Room Type: FamilyRoom
Room 6
  • Room Level: First
  • Room Type: DiningRoom
Room 7
  • Room Level: First
  • Room Type: Den
Room 8
  • Room Level: First
  • Room Type: MasterBedroom
Room 9
  • Room Level: First
  • Room Type: HalfBath
Room 10
  • Room Level: Second
  • Room Type: FullBath
Room 11
  • Room Level: First
  • Room Type: FullBath

Property History for 348 New Farm Road

DateEvent & SourcePriceAppreciation
Nov 5, 2019

Closed

High Country Association of REALTORS #218301

$1,375,000
Oct 7, 2019

Under Contract-No Show

High Country Association of REALTORS #218301

Oct 3, 2019

Listed (Active)

High Country Association of REALTORS #218301

$1,375,000
DateEvent & SourcePrice
11/05/2019

Closed

High Country Association of REALTORS #218301

$1,375,000
10/07/2019

Under Contract-No Show

High Country Association of REALTORS #218301

10/03/2019

Listed (Active)

High Country Association of REALTORS #218301

$1,375,000

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

Public Records for 348 New Farm Road

Taxable ValueLand$260,600Additions$1,088,900Total$1,349,500
Tax Record2025$5,081 ($423 / month)
Home Facts
Beds4Baths5.5Total Finished SqFt4,912 SqFtAbove Grade Finished SqFt4,912 SqFtStories2Lot Size208,652 SqFtStyleSingle Family ResidenceYear Built1987CountyWATAUGAAPN1980-53-6157-000Fireplace TypeHas Fireplace

Schools near 348 New Farm 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: 348 New Farm Road, Banner Elk, NC 28604
$1,375,000
5
4,792
635,540
$1,223,455
3
3,262
209,088
4
4,331
209,088
$1,300,000
5
5,224
209,088
2
2
2,093
217,800
4
3,428
209,088

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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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams High Country Realty

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.