Veterans United Realty
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129 Alnic Lane, Banner Elk, NC 28604

$2,750,000 Asking Price

8 beds
6 baths
1,208  sqft
Built in 2000

Don't miss this captivating 5-cabin property on 9 acres, including 6 buildable acres on the ridge, centrally located between Boone and Banner Elk. The property boasted strong rental income in 2022 & 2023— and its new, boutique rental program offers passive ownership with a high-ROI venture from day one and room to grow! One studio cabin, one 1BD/1BA cabin, two 2BD/1BA cabins, and a deluxe 2BD/2BA cabin—all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Lighted pathways will guide your guests to the neighboring inn for delightful evenings of fine dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals. Current 6 BR septic and well permits for the undeveloped ridge. Utilize the roughed-in drive and available build sites for your dream residence or explore further revenue growth with additional cabin builds, added amenities, or event space. Come see this fantastic property today!


Listing Status:
Backup
Date Added:
April 5, 2024 — 49 days ago
Listing Office:
Keller Williams High Country
Office Phone:
828-386-1086
MLS ID:
4125963

Features & Amenities

Interior

General:
Vaulted Ceiling(s)
Appliances:
Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
Laundry:
Electric Dryer Hookup, Washer Hookup, Other - See Remarks
Flooring:
Carpet, Vinyl, Wood
A/C:
Central Air, Ductless, Window Unit(s), Other - See Remarks
Heating:
Baseboard, Central, Ductless, Electric, Heat Pump, Propane, Wall Furnace, Wood Stove, Other - See Remarks
Fireplace:
Gas, Wood Burning Stove, Other - See Remarks, Fireplace

Exterior

General:
Fence, Fire Pit, Outdoor Shower, Other - See Remarks, Barn(s), Shed(s)
Other Structures:
Other - See Remarks, Deck, Patio, Covered
Parking:
Assigned

Construction

Roofing:
Aluminum, Composition
General:
Site Built, Crawl Space

Location

Road/Access:
Asphalt, Gravel, Paved
Originating MLS:
carolina
County:
Watauga

Lot

Zoning:
HistDist, 1980-15-6505-000
View:
Long Range, Mountain(s)
Fencing:
Partial
Restrictions:
Deed & Valle Crucis Historic District

Utilities

Utilities:
Electricity Connected, Fiber Optics, Propane
Water:
Well
Sewer:
Septic Installed

Financial

Source:
carolina
Buyers Agent Compensation:
2.5 %

This listing courtesy of:
Keller Williams High Country

About Banner Elk, NC

Housing

Number of Units
8,247
Median Home Value
$219,987
Median Rent
$809

26.32% of housing units are renter occupied.

62.94% are vacant.

Commute

Car
75.88%
Public Transportation
0.13%
Walk to Work
4.01%
Work from Home
18.97%
Other
0.97%

The median travel time to work is 20 minutes.

People

Population
7,005
Median Age
43.20
Median Household Size
2.48

Education

High School
19.90%
Associate’s Degree
9.05%
Bachelor’s Degree
24.70%
Graduate Degree
14.38%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

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Copyright © 2024 MLS GRID. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last Updated: May 23, 2024 1:01 pm.

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