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Introducing a rare secluded second-home or investment in a rapidly disappearing market. This forested tract of resort land is in a sought-after location near all the amenities Banner Elk has to offer. This well-priced property spans five acres of raw land (lots of native rhododendrons) with a slope that gradually ascends from a private gravel road with an incline at the top, bordering Elk River. Underground utilities to the house next door add great value to this lot. With the limited inventory in such proximity to Banner Elk's shopping, dining, walking trails, children's park, churches, Lees-McRae College, Sugar Mountain and Beech Mountain resorts, hiking, biking and Grandfather Mountain, this parcel presents a unique opportunity. Although there is no active POA in place, the old subdivision restrictions mandate a minimum 900 sq ft residence (could be a tiny home!) offering the perfect canvas to build your dream home. Several ideal building sites. Own an exceptional property in an area that ranked among the top 10% nationally for appreciation and start turning your dreams into a cool reality today.
| DAYS ON MARKET | 2 | LAST UPDATED | 4/6/2026 |
|---|---|---|---|
| TRACT | Donaldson Lands | YEAR BUILT | 0 |
| COMMUNITY | 8-Banner Elk | COUNTY | Avery |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Banner Elk |
|---|---|
| High School | Avery County |
| ADDITIONAL DETAILS | |
| AREA | 8-Banner Elk |
|---|---|
| EXTERIOR | None |
| LOT | 5 acre(s) |
| LOT DESCRIPTION | Sloped, Steep Slope, Waterfront, Wooded |
| LOT DIMENSIONS | 5 |
| SUBDIVISION | Donaldson Lands |
| TAXES | 87.2 |
| UTILITIES | Other, See Remarks, Underground Utilities |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Kim Hyatt, Bear Real Estate, (828) 260-5338
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2026.