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For sale
    • Price cut: $100K (6/24)
    $1,350,000

    232 Hanging Rock Estates Road, Banner Elk, NC 28604

    4beds
    3,174sqft
    : 
    $7,487/mo
    Get pre-qualified
    Farm, Single Family Residence
    Built in 2026
    0.66 Acres Lot
    $1,325,000 Zestimate®
    $425/sqft
    $92/mo HOA

    What's special

    Gorgeous thoughtfully designed kitchenSeparate family room upstairs
    Nestled in the heart of Banner Elk, NC, this **chic mountain retreat** offers refined living surrounded by the beauty of the High Country. Spanning over **3,000 square feet**, this stunning **4-bedroom, 3.5-bathroom** home blends upscale design with everyday comfort, all within close proximity to Banner Elk’s popular restaurants, shopping, and local attractions. Step inside to discover a **gorgeous, thoughtfully designed kitchen** that serves as the heart of the home, complemented by an additional **outdoor kitchen on the back deck**—perfect for entertaining while enjoying the mountain air. The layout is ideal for both relaxation and hosting, featuring a **spacious living area on the lower level** and a **separate family room upstairs**, offering flexibility and privacy for guests or family members. This home is designed for convenience with **laundry rooms on each level** and an **unbelievable garage** that provides ample space for vehicles, storage, and mountain gear. Each bedroom is generously sized, and the elegant bathrooms reflect the home’s overall attention to quality and detail. Located in a beautiful mountain neighborhood, this exceptional property offers the perfect combination of **luxury, functionality, and location**—a true Banner Elk gem ready to be enjoyed year-round.
    115 days
    |
    731
    |
    31
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Berkheimer 828-387-4270,

    Buchanan Real Estate,

    Tracy Simms 828-898-7229,

    Blue Ridge Realty & Inv. - Banner Elk

    Source: High Country AOR,MLS#: 260898MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Forced Air, Fireplace(s), Gas, Propane
      Cooling
      • Gas, 1 Unit
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
      • Laundry: Main Level, Upper Level
      Features
      • Vaulted Ceiling(s)
      • Windows: Screens, Single Hung
      • Basement: Crawl Space
      • Number of fireplaces: 2
      • Fireplace features: Two, Gas, Stone, Propane
      Interior area
      • Total structure area: 3,396
      • Total interior livable area: 3,174 sqft
      • Finished area above ground: 3,174
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Asphalt, Driveway, Garage, Two Car Garage, Oversized
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Multiple
      • Exterior features: Outdoor Grill, Outdoor Kitchen
      • Has view: Yes
      • View description: Long Range, Mountain(s)
      Lot
      • Size: 0.66 Acres
      Details
      • Parcel number: 18581165974100000
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Farmhouse
      • Property subtype: Farm, Single Family Residence
      Materials
      • Hardboard, Stone, Wood Frame
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 2026
      Details
      • Warranty included: Yes

      Utilities & green energy

      • Sewer: Private Sewer, Septic Tank
      • Water: Private, Well
      • Utilities for property: Cable Available, High Speed Internet Available, Septic Available

      Community & HOA

      Community
      • Subdivision: Hanging Rock Estates
      HOA
      • Has HOA: Yes
      • HOA fee: $275 quarterly
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $425/sqft
      • Tax assessed value: $40,500
      • Annual tax amount: $132
      • Date on market: 4/1/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $1,325,000

        $1.26M - $1.39M

        $4,539/mo

        Price history

        DateEventPrice
        6/24/2026Price change$1,350,000-6.9%$425/sqft
        Source: High Country AOR #260898 Report a problem
        4/3/2026Listed for sale$1,450,000$457/sqft
        Source: High Country AOR #260898 Report a problem
        4/2/2026Listing removed$1,450,000$457/sqft
        Source: High Country AOR #254825 Report a problem
        12/27/2025Price change$1,450,000-0.7%$457/sqft
        Source: High Country AOR #254825 Report a problem
        5/16/2025Listed for sale$1,460,000+1360%$460/sqft
        Source: High Country AOR #254825 Report a problem
        4/6/2023Sold$100,000$32/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$162 $40,500
        2024$162 $40,500
        2023$162 $40,500
        2022$162 -18.2%$40,500 +12.5%
        2021$198 $36,000
        2020$198 $36,000
        2019$198 $36,000
        2018$198 $36,000 +50%
        2017$198 +84.5%$24,000
        2016$107 $24,000
        2015$107 $24,000
        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

        23 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Banner Elk
        • 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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