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Under contract
  • $699,000

    150 Watauga River Road, Banner Elk, NC 28604

    2beds
    3,410sqft
    : 
    $4,154/mo
    Get pre-qualified
    Single Family Residence
    Built in 1986
    0.84 Acres Lot
    $693,300 Zestimate®
    $205/sqft
    $-- HOA

    What's special

    Detached two-car garageAdditional recreation spaceFunctional layout
    Spectacular Watauga Riverfront Estate – Dual Living Quarters & Ultimate Waterfront Decks Discover the ultimate riverfront retreat on the pristine waters of the Watauga River. This expansive property is an entertainer's dream, offering an unparalleled waterfront lifestyle, exceptional space, and incredible value-add potential. Designed to comfortably sleep 12+ guests, this estate functions as a 6-bedroom, 3-bathroom haven featuring two separate, fully equipped living quarters— great for multi-generational living, a premier vacation rental, or a high-capacity mountain-river getaway. The Ultimate Riverfront Experience Step outside onto an incredible multi-tiered series of decks that cascade seamlessly from the main house all the way down to the rushing waters of the Watauga River. Whether you are hosting massive gatherings, soaking in the mountain air, or stepping right off your lower deck to fly-fish, kayak, or just play in the fresh mountain water, this outdoor living space offers a riverfront experience that is truly second to none. Dual Living Quarters & Versatile Layout • Main & Upper Levels: Feature spacious living areas framed by river views, a functional layout, and multiple sleeping areas to accommodate large groups. All furniture conveys with the house. • Finished Lower Level: A fully finished basement serves as the second independent living quarters. It provides excellent privacy, additional recreation space, and direct access to the outdoor deck systems. All furniture conveys with the house. (Note: Basement square footage (1705 sq ft) reflects unpermitted work; finished to a high standard but sold as-is). • Sewer/Septic Note: The home offers the functionality and layout of a 6-bedroom home but is serviced by a 2-bedroom septic system. Detached 2-Car Garage with Unmatched Value-Add Potential The massive detached two-car garage is a hobbyist’s or investor’s dream, offering two major bonus features: 1. Plumbed for a Half-Bath: Main-level garage plumbing is already stubbed out and ready for easy installation. 2. Unfinished Man Cave / Lady Lair: Construction has already begun on a massive bonus space above the garage. All on-site wood building materials convey with the sale, giving the next owner a massive head start on creating a detached game room, home office, or additional guest suite. Imagination is yours! Whether you are looking for a lucrative premier rental property that can host a crowd, or a family compound on one of the region's most desirable rivers, this Watauga River gem offers space, functionality, and upside that you won't find anywhere else. Schedule your tour today to experience the decks and the river in person!
    22 days
    950
    69

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Billie Rogers (828)964-0746,

    Keller Williams High Country

    Source: High Country AOR,MLS#: 264716MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Electric, Forced Air, None
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Dishwasher, Exhaust Fan, Electric Range, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
      • Laundry: In Basement
      Features
      • Carbon Monoxide Detector, Furnished, Second Kitchen
      • Windows: Double Hung
      • Basement: Finished,Interior Entry,Bath/Stubbed,Walk-Out Access
      • Has fireplace: No
      • Fireplace features: None
      • Furnished: Yes
      Interior area
      • Total structure area: 3,410
      • Total interior livable area: 3,410 sqft
      • Finished area above ground: 1,705
      • Finished area below ground: 1,705

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Detached, Garage, Two Car Garage, Gravel, Other, Oversized, Private, See Remarks
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Multiple, Open, Wrap Around
      • Exterior features: Out Building(s), Gravel Driveway
      • Has view: Yes
      • View description: River
      • Has water view: Yes
      • Water view: River
      • Waterfront features: River Front, River Access
      Lot
      • Size: 0.84 Acres
      Details
      • Additional structures: Guest House, Living Quarters, Outbuilding
      • Parcel number: 18670267928900000
      • Zoning description: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage,Mountain
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Wood Frame
      • Foundation: Basement
      • Roof: Architectural,Shingle
      Condition
      • Year built: 1986

      Utilities & green energy

      • Sewer: Septic Permit 2 Bedroom
      • Water: Shared Well
      • Utilities for property: High Speed Internet Available

      Community & HOA

      Community
      • Features: Fishing, River, Long Term Rental Allowed, Short Term Rental Allowed
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $205/sqft
      • Tax assessed value: $283,000
      • Annual tax amount: $1,132
      • Date on market: 10/6/2026
      • Listing terms: Cash,Conventional,New Loan,Trade,VA Loan
      • Road surface type: Gravel

        Estimated market value

        $693,300

        $659,000 - $728,000

        $4,261/mo

        Price history

        DateEventPrice
        10/11/2026Contingent$699,000$205/sqft
        Source: High Country AOR #264716 Report a problem
        10/6/2026Listed for sale$699,000+137.8%$205/sqft
        Source: High Country AOR #264716 Report a problem
        7/30/2020Sold$294,000-15.8%$86/sqft
        Source: High Country AOR #222054 Report a problem
        6/21/2020Pending sale$349,000$102/sqft
        Source: Blue Ridge Realty & Inv. - Banner Elk #222054 Report a problem
        6/19/2020Listed for sale$349,000$102/sqft
        Source: Blue Ridge Realty & Inv. - Banner Elk #222054 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,132 $283,000
        2024$1,132 $283,000
        2023$1,132 $283,000
        2022$1,132 +30.9%$283,000 +80%
        2021$865 $157,200
        2020$865 $157,200
        2019$865 $157,200
        2018$865 $157,200 -19.1%
        2017$865 -0.4%$194,200
        2016$868 $194,200
        2015$868 $194,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28604

        Getting around

        5 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Banner Elk
        • Middle: Avery
        • High: Avery County

        Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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