Last Sold Price
3 beds3,390 sqft$285/sqft
581 Farm Loop Rd, Banner Elk, NC 28604

Description

The Farm at Banner Elk is a premiere gated community with a unique topography that features rolling hillsides at the foot of majestic mountains giving way to meadows, pastures and ponds. The Farm's pastures, walking trails, outdoor pavilion and stocked trout ponds were carefully planned to create an environment that is unique in Southern mountain communities. Call office for gate code. LO does not hold earnest money deposit. LA must accompany showings. Fuel in tank does not convey. SubDivision:The...The Farm at Banner Elk is a premiere gated community with a unique topography that features rolling hillsides at the foot of majestic mountains giving way to meadows, pastures and ponds. The Farm's pastures, walking trails, outdoor pavilion and stocked trout ponds were carefully planned to create an environment that is unique in Southern mountain communities. Call office for gate code. LO does not hold earnest money deposit. LA must accompany showings. Fuel in tank does not convey. SubDivision:The Farm At Banner Elk
LISTING CLOSED: 07/29/2016 12:00 AM

  1. Listed by Lee Gillette • Vincent Properties

Property Details for 581 Farm Loop Road

Status
MLS #
194145
Days on Market
318
Taxes
-
HOA Fees
$1,210 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
2006
Lot Size
0.81 AC / 35,283 SF
Architectural Style
Mountain
Waterfront Features
Pond
Parking Features
Driveway, Garage, TwoCarGarage, Oversized, Paved, Private
View
Yes
Subdivision Name
The Farm At Banner Elk
View
LongRange, Mountains, SeasonalView
Zoning Description
Deed Restrictions,Residential,Subdivision

Recent comparable sales

Median sold price

$1,075,000

Avg days on market

197

Sale-to-list ratio

93.6%

Banner Elk, NC

9 comparable properties found

a house with trees in front of it
1/50
1

$1,075,000

Sold 11/15/24

3
Bedrooms
2,821
Square Feet
0.86
Acres
a view of a balcony with an outdoor space
1/3
2

$1,257,000

Sold 11/25/25

3
Bedrooms
3,272
Square Feet
0.89
Acres
an aerial view of a city with lots of residential buildings ocean and mountain view
1/51
3

$825,000

Sold 12/31/25

3
Bedrooms
2,692
Square Feet
0.95
Acres
a view of a house with swimming pool and porch with furniture
1/49
4

$1,035,000

Sold 11/17/25

3
Bedrooms
2,667
Square Feet
2.12
Acres
front view of a house with a yard
1/48
5

$1,150,000

Sold 11/14/24

3
Bedrooms
3,947
Square Feet
1.12
Acres
a front view of a house with a yard and garage
1/49
6

$1,700,000

Sold 08/15/25

3
Bedrooms
2,901
Square Feet
0.63
Acres
a front view of a house with a yard
1/49
7

$920,000

Sold 06/16/25

3
Bedrooms
2,854
Square Feet
0.94
Acres
a view of a chairs and table in patio
1/42
8

$1,779,500

Sold 11/05/25

3
Bedrooms
3,591
Square Feet
1.98
Acres
a living room with furniture fireplace and a large window
1/50
9

$898,782

Sold 11/05/25

3
Bedrooms
2,357
Square Feet
1.11
Acres

Location

Listing Courtesy of Vincent Properties

Sold By Vincent Properties

Add your commute

Building Information for 581 Farm Loop Road

Stories-Year Built2006Building Size-Lot Size0.81 AC / 35,283 SF

Payment Calculator

$5,823 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,908

Property Taxes

$815

HOA Dues

$101

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 581 Farm Loop Road

Summary
Location and General Information
  • Directions: From shops at Tynecastle: Follow Hwy 184-N/Tynecastle Hwy for 3.9 mi - RIGHT on Dobbins Road for 0.1 mi - LEFT to gated entrance to The Farm at Banner Elk. Once through gate, turn left on Farm Loop Road to 581 Farm Loop Rd on Right.
  • Postal Code: 28604
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1858-07-58-3750-00000
  • Association Fee: $1,210.00
  • Association Fee Frequency: Annually
  • Association Name: The Farm P.O.A.
  • Association: Yes
  • Tax Annual Amount: $0
  • Tax Book Number: 490/293
  • Tax Lot: 24
School Information
  • Elementary School: Banner Elk
  • Elementary School District: Banner Elk
  • High School District: Banner Elk
  • Middle Or Junior School District: Banner Elk
Parking
  • Garage: Yes
  • Garage Spaces: 2.0
Property
Lot Information
  • Above Grade Finished Area: 3390.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Wooded
  • Lot Size Acres: 0.81
  • Lot Size Area: 0.81
  • Lot Size Units: Acres
  • Living Area: 3390.0
Property and Assessments
  • Other Structures: GuestHouse
  • Year Built: 2006
  • Human Modified: No
Utilities
  • Sewer: PrivateSewer, SepticPermit3Bedroom
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: PavedDriveway
  • Community Features: Clubhouse, Gated
  • Construction Materials: Stone, WoodSiding
  • Horse Amenities: HorsesAllowed
  • Patio And Porch Features: Covered, Multiple, Open, Screened
  • Roof: Other, Slate, SeeRemarks
Interior Features
  • Flooring: Carpet, CeramicTile, Other, Wood
  • Basement: CrawlSpace, WalkOutAccess
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 3
  • Rooms Total: 2
  • Heating: Yes
  • Heating: Electric, ForcedAir, Fireplaces, Propane, Radiant
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Fireplace Features: Three, FreeStanding, Gas, Other, SeeRemarks, Stone, Vented, WoodBurning, Propane
  • Laundry Features: WasherHookup, DryerHookup
  • Appliances: BuiltInOven, Dryer, Dishwasher, ExhaustFan, Freezer, GasRange, GasWaterHeater, Microwave, Refrigerator, Washer
  • Window Features: DoublePaneWindows

Property History for 581 Farm Loop Road

DateEvent & SourcePriceAppreciation
Jul 29, 2016

Closed

High Country Association of REALTORS #194145

$965,500
Jun 21, 2016

Under Contract-No Show

High Country Association of REALTORS #194145

Sep 15, 2015

Listed (Active)

High Country Association of REALTORS #194145

$1,190,000
DateEvent & SourcePrice
07/29/2016

Closed

High Country Association of REALTORS #194145

$965,500
06/21/2016

Under Contract-No Show

High Country Association of REALTORS #194145

09/15/2015

Listed (Active)

High Country Association of REALTORS #194145

$1,190,000

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

Public Records for 581 Farm Loop Road

Taxable ValueLand$150,000Additions$987,200Total$1,137,200
Tax Record2025$9,780 ($815 / month)
Home Facts
Beds3Baths3.5Total Finished SqFt3,363 SqFtAbove Grade Finished SqFt3,363 SqFtStories2Lot Size35,284 SqFtStyleSingle Family ResidenceYear Built2006ZoningR1CountyAVERYAPN18580758375000000Fireplace TypeHas Fireplace

Schools near 581 Farm Loop Road

This home is within Avery County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Banner Elk Elementary School
PublicPK to 5

Avery Middle
Public6 to 8

Avery County High School
Public9 to 12

Avery County High School STEM 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.

Similar Homes

New listings in 28604

$275,000 | Es-61 Rippling Waters Trail, Banner Elk, NC 28604
1/16

$275,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.6
Acres
$295,000 | Lot 9 Pebble Creek Trail, Beech Mountain, NC 28604
1/7
Virtual TourNew

$295,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.5
Acres
$150,000 | Lot 42 White Fox Lane, Banner Elk, NC 28604
1/8
New

$150,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.16
Acres
$249,900 | Wr-3 Wr-3 Sierra Trail, Banner Elk, NC 28604
1/18
New

$249,900

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.29
Acres
$399,900 | 199 Hawks Peak Lane, Unit 511, Seven Devils, NC 28604
1/20

$399,900

2
Bedrooms
1,026
Square Feet
$1,395,000 | 145 Mill Pond Manor Drive, Unit 8, Banner Elk, NC 28604
1/43
New

$1,395,000

4
Bedrooms
4,212
Square Feet
0.07
Acres
$369,900 | 211 Foxgrape Hollow Road, Unit 77, Beech Mountain, NC 28604
1/31

$369,900

4
Bedrooms
1,268
Square Feet
0.5
Acres
$119,000 | 301 Pinnacle Inn Road, Unit 4204, Beech Mountain, NC 28604
1/18

$119,000

Studio
Bedrooms
350
Square Feet
$1,699,000 | 123 St Andrews Road, Beech Mountain, NC 28604
1/46

$1,699,000

4
Bedrooms
4,225
Square Feet
0.82
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 581 Farm Loop Road, Banner Elk, NC 28604
$965,500
3
3,390
35,283
$950,000
3
3,099
31,798
$130,000
2
980
$900,000
4
3,725
25,264
$203,000
24,393
$205,000
38,768

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 Vincent Properties

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.