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For sale
  • $1,600,000

    165 Leighway Lane, Banner Elk, NC 28604

    3beds
    4,398sqft
    : 
    $8,556/mo
    Get pre-qualified
    Farm, Single Family Residence
    Built in 2004
    4 Acres Lot
    $1,471,800 Zestimate®
    $364/sqft
    $-- HOA

    What's special

    Gas fireplaceColorful sunset mountain viewsTrickling streamBeautifully renovated interiorThree fully renovated bathroomsCovered front porchTwo family rooms
    Tucked away at the end of a tree-lined lane in the beautiful community of Valle Crucis, this thoughtfully updated mountain modern farmhouse offers the perfect blend of privacy, comfort, and timeless mountain living. Take in colorful sunset mountain views, unwind beside the trickling stream, and enjoy the gently rolling, partially fenced yard, well suited for lawn games, evening strolls, winter sledding, or simply watching deer, fox, and wild turkey wander by from the covered front porch. Inside, the beautifully renovated interior is equally inviting. The updated kitchen and three fully renovated bathrooms pair effortlessly with warm gathering spaces that include two family rooms, each with a gas fireplace, a spacious bonus room, and four separate sleeping areas. Whether you're preparing a quiet breakfast or hosting friends and family for the holidays, the home's open, welcoming layout is designed for both everyday living and entertaining. With comfortable accommodations for at least eight guests, and the potential to sleep 12 or more with the addition of built-in bunks in the large upper-level bedroom, this property offers exceptional flexibility as a full-time residence, mountain retreat, or income-producing vacation rental. Perfectly situated just 1.5 miles from the iconic Mast General Store and the picturesque Valle Crucis Community Park, and only half a mile from Watauga River access, you'll enjoy easy access to some of the High Country's most cherished destinations while still feeling worlds away. Recent improvements include fresh exterior paint and a new roof on both the home and workshop, completed in June 2026, three fully renovated bathrooms, an updated kitchen, and numerous additional upgrades. Please see the attached documents for a complete list of renovations and improvements. Whether you're searching for a place to put down roots, a peaceful mountain escape, or a property with excellent investment potential, this home offers the rare combination of natural beauty, thoughtful updates, and an unbeatable Valle Crucis location. Come experience the quiet charm, breathtaking sunsets, and mountain lifestyle that make this property so special. List of items that convey available upon request. Seller is licensed NC Realtor and listing agent of the property.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Megan Torgerson (828)266-5525,

    Keller Williams High Country

    Source: High Country AOR,MLS#: 262121MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Electric, Forced Air, Fireplace(s), Heat Pump, Propane
      Cooling
      • Central Air, 2 Units
      Appliances
      • Included: Double Oven, Dryer, Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
      • Laundry: Washer Hookup, Dryer Hookup, Main Level
      Features
      • Attic, Carbon Monoxide Detector, Furnished, Window Treatments
      • Windows: Window Treatments
      • Basement: Crawl Space
      • Number of fireplaces: 2
      • Fireplace features: Two, Gas, Masonry, Stone, Propane
      • Furnished: Yes
      Interior area
      • Total structure area: 0
      • Total interior livable area: 4,398 sqft
      • Finished area above ground: 4,398
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Detached, Garage, Two Car Garage, Gravel, Oversized, Private, Shared Driveway
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered
      • Exterior features: Gravel Driveway
      • Fencing: Back Yard
      • Has view: Yes
      • View description: Long Range, Mountain(s)
      • Waterfront features: Creek, Stream
      Lot
      • Size: 4 Acres
      Details
      • Parcel number: 1980662608000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Farmhouse,Mountain,Traditional
      • Property subtype: Farm, Single Family Residence
      Materials
      • Wood Siding, Wood Frame
      • Roof: Architectural,Shingle
      Condition
      • Year built: 2004

      Utilities & green energy

      • Electric: Generator, 220 Volts
      • Sewer: Septic Permit 3 Bedroom, Septic Tank
      • Water: Private, Well
      • Utilities for property: High Speed Internet Available, Septic 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: $364/sqft
      • Tax assessed value: $1,013,900
      • Annual tax amount: $4,040
      • Date on market: 7/28/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Gravel, Paved

        Estimated market value

        $1,471,800

        $1.40M - $1.55M

        $4,577/mo

        Price history

        DateEventPrice
        7/29/2026Listed for sale$1,600,000+290.2%$364/sqft
        Source: High Country AOR #262121 Report a problem
        4/18/2019Sold$410,000-3.5%$93/sqft
        Source: TVRMLS #401305 Report a problem
        4/9/2019Pending sale$424,900$97/sqft
        Source: A Plus Realty #205046 Report a problem
        2/20/2019Price change$424,900-1.2%$97/sqft
        Source: A Plus Realty #205046 Report a problem
        2/10/2019Price change$429,900-2.3%$98/sqft
        Source: A Plus Realty #205046 Report a problem
        1/23/2019Price change$439,900-2.2%$100/sqft
        Source: A Plus Realty #205046 Report a problem
        10/6/2018Price change$449,900-4.3%$102/sqft
        Source: A Plus Realty #205046 Report a problem
        8/1/2018Price change$469,900-2.1%$107/sqft
        Source: A Plus Realty #205046 Report a problem
        6/1/2018Price change$479,900-4%$109/sqft
        Source: A Plus Realty #205046 Report a problem
        1/15/2018Listed for sale$499,900-9.1%$114/sqft
        Source: A Plus Realty #205046 Report a problem
        12/1/2017Listing removed$549,900-8.3%$125/sqft
        Source: A Plus Realty #201097 Report a problem
        2/6/2014Listed for sale$599,900$136/sqft
        Source: A Plus Realty #183074 Report a problem
        8/1/2013Listing removed$599,900$136/sqft
        Source: A Plus Realty & Investments Inc #326182 Report a problem
        2/26/2013Listed for sale$599,900$136/sqft
        Source: A Plus Realty & Investments Inc #326182 Report a problem
        1/9/2013Listing removed$599,900$136/sqft
        Source: A Plus Realty & Investments Inc #326182 Report a problem
        11/21/2012Listed for sale$599,900-7.7%$136/sqft
        Source: A Plus Realty & Investments Inc #326182 Report a problem
        6/19/2012Listing removed$649,900$148/sqft
        Source: Visual Tour #168746 Report a problem
        6/1/2012Listed for sale$649,900$148/sqft
        Source: Visual Tour #168746 Report a problem
        3/29/2012Listing removed$649,900$148/sqft
        Source: A Plus Realty #168746 Report a problem
        8/31/2011Listed for sale$649,900-6.5%$148/sqft
        Source: A Plus Realty #168746 Report a problem
        4/4/2011Listing removed$695,000$158/sqft
        Source: Visual Tour #82244 Report a problem
        3/27/2011Listed for sale$695,000$158/sqft
        Source: Visual Tour #82244 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $1,013,900 -5.2%
        2024$4,040 $1,069,800
        2023$4,040 +0.6%$1,069,800
        2022$4,017 +49.5%$1,069,800 +85.9%
        2021$2,687 $575,600
        2020$2,687 $575,600
        2019$2,687 $575,600
        2018$2,687 +12%$575,600
        2017$2,400 +10.6%$575,600 +3.8%
        2013$2,169 $554,500
        2012-- $554,500
        2011-- $554,500
        2010-- $554,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28604

        Getting around

        1 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Valle Crucis
        • High: Watauga

        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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