Sold
Last Sold Price
115,434 Lot Size2.65 Acres
8 Chestnut Mountain Rd, Banner Elk, NC 28604
LandProperty Type
2.65 acresLot Size
$500/yrHOA Fees

Description

Great 2+ acre lot in beautiful gated Chestnut Hill. Lot is gentle sloping with driveway cut in, shared community well system, underground utilies and views of Beech Mountain. Already perked for a 5 bedroom home. Chestnut Hill offers large lots for 20 homesites, gorgeous custom homes and a picturesque common area with gazebo and pond. Located in the beautiful countryside of Matney, just 5 minutes from downtown Banner Elk. Lot extends from lower road to upper entrance. Best priced lot in Chestnut Hill!Great 2+ acre lot in beautiful gated Chestnut Hill. Lot is gentle sloping with driveway cut in, shared community well system, underground utilies and views of Beech Mountain. Already perked for a 5 bedroom home. Chestnut Hill offers large lots for 20 homesites, gorgeous custom homes and a picturesque common area with gazebo and pond. Located in the beautiful countryside of Matney, just 5 minutes from downtown Banner Elk. Lot extends from lower road to upper entrance. Best priced lot in Chestnut Hill!
  • Listed by: Alison Phillips • The Summit Group Of The Carolinas
Listing closed: 10/30/2013 12:00 AM • Source: High Country Association of REALTORS, MLS#: 179110

Recent comparable sales

Median sold price

$90,000

Avg days on market

1044

Sale-to-list ratio

95.3%

Banner Elk, NC

9 comparable properties found

1

$35,000

Sold 12/05/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.51
Acres
2

$2,200,000

Sold 09/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.26
Acres
3

$1,075,000

Sold 08/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.26
Acres
4

$365,000

Sold 01/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.06
Acres
5

$90,000

Sold 02/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.49
Acres
6

$250,000

Sold 10/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.78
Acres
a view of outdoor space and green space
1/15
7

$53,000

Sold 09/09/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.6
Acres
$47,900 | Forest Lane, Unit 57, Banner Elk, NC 28604
1/10
8

$47,900

Sold 11/20/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.01
Acres
an aerial view of a house
1/15
9

$39,900

Sold 05/26/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.15
Acres

Location

Listing Courtesy of The Summit Group Of The Carolinas

Sold By The Summit Group Of The Carolinas

Add your commute

Payment Calculator

$283 per month

30 year fixed, 6.55% Interest

Principal and Interest

$229

Property Taxes

$13

HOA Dues

$42

The Payment Calculator is for illustrative purposes only.

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Property Information for 8 Chestnut Mountain Road

Property Details
  • Taxes: $153 / year
  • MLS Type: Land / Residential
  • Waterfront: No
  • View: Yes
  • View: Mountains
  • Zoning Description: Deed Restrictions,Subdivision
Building Information
  • Lot Size: 2.65 AC
Summary
Location and General Information
  • Directions: From Hwy 184 in Banner Elk, turn right at the stoplight onto Hwy 194 toward Valle Crucis. Go 3.4 miles to gated entrance of Chestnut Hill on the right. Call for code.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 5-Watauga, Shawneehaw
  • Topography: Sloping
Taxes and HOA Information
  • Parcel Number: 1869850325000
  • Association Fee: $500.00
  • Association Fee Frequency: Annually
  • Association Name: Chestnut Hill Poa
  • Association: Yes
  • Tax Annual Amount: $153
  • Tax Book Number: 413/686
  • Tax Lot: 8
School Information
  • Elementary School: Valle Crucis
  • Elementary School District: Valle Crucis
  • High School District: Valle Crucis
  • Middle Or Junior School District: Valle Crucis
Property
Lot Information
  • Above Grade Finished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Wooded
  • Lot Size Acres: 2.65
  • Lot Size Area: 2.65
  • Lot Size Units: Acres
  • Living Area: 0.0
Property and Assessments
  • Documents Available: Plat, Survey
  • Human Modified: No
Utilities
  • Sewer: NotConnected, SepticPermit5OrMoreBedroom
  • Utilities: UndergroundUtilities
  • Water Source: CommunityCoop
Interior and Exterior Features
Exterior Features
  • Pool Features: Community
  • Community Features: Gated, Pool, LongTermRentalAllowed, ShortTermRentalAllowed
  • Vegetation: Wooded
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0

Property History for 8 Chestnut Mountain Road

DateEvent & SourcePriceAppreciation
Oct 30, 2013

Closed

High Country Association of REALTORS #179110

$45,000
Jun 4, 2013

Listed (Active)

High Country Association of REALTORS #179110

$89,000
DateEvent & SourcePrice
10/30/2013

Closed

High Country Association of REALTORS #179110

$45,000
06/04/2013

Listed (Active)

High Country Association of REALTORS #179110

$89,000

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

Schools near 8 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: 8 Chestnut Mountain Road, Banner Elk, NC 28604
$45,000
115,434
$45,000
99,752
$8,000
117,176
$105,000
131,551
$95,500
476,981
$75,000
169,448

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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 The Summit Group Of The Carolinas

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.