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Listing provided courtesy of Real Broker LLCMLS# 1183903MLS Provider
  • 384 days on site
  • 5 views

This 29.84-acre property located on Teaster Valley Lane in Banner Elk, NC, is listed for 2,999,000 and offers a unique opportunity for extreme privacy, development, or a mountain retreat. The property features stunning, long-range mountain views and includes a 1996 manufactured home (504 sq ft) with a partially finished cabin, providing a base while building Property Highlights: Acreage: 29.84 acres, described as partially cleared with significant mature timber and varied topography. Water Source: The property operates on a natural spring. Water Feature: The Elk River runs through the property. Location: Situated in Banner Elk (Avery County), near Beech Mountain, Sugar Mountain, and Grandfather Mountain. Potential: Ideal for investors looking to build multiple luxury homes, or as a private family estate for recreational vehicles and wilderness lovers. Access: Located near the end of Teaster Valley Lane, requiring travel up a hill to reach the prime building sites

Source: Triad MLS, MLS#: 1183903

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  • Property Type
    Residential
  • Lot
    29.84 acres

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Leonard Ryden Burr Real Estate
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  • Median Age
    42
  • Population Density
    111
  • College Educated
    50%
  • Estimated Median Income
    $53,018
  • Estimated Total Home Owners
    2,222
  • Estimated Total Renters
    805
  • Owner / Renter Divide
    73% / 27%
  • Estimated Average Household Size
    2
  • Total Population
    7,325
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 644 Teaster Valley Lane

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/6/2026Source: Triad MLS Price Reduction
$2,999,000 -14.3%
6/10/2025Source: Triad MLS Added to Database
June 10, 2025