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For sale
  • Price cut: $19.1K (9/17)
    $529,900

    265 Leatherwood Road, Banner Elk, NC 28604

    3beds
    2,092sqft
    : 
    $3,387/mo
    Get pre-qualified
    Single Family Residence
    Built in 1986
    0.47 Acres Lot
    $512,100 Zestimate®
    $253/sqft
    $237/mo HOA

    What's special

    Long-range mountain viewsLarge decksGravel parking areaDramatic boulder-strewn landscapeMassive natural rock outcroppingsTons of parkingEfficient propane heat
    High-Elevation Retreat: Modern Living at 3,350 Feet. Experience the ultimate in mountain privacy at this secluded sanctuary located at the end of a quiet cul-de-sac. Perched on two combined lots within the amenity-rich Mill Ridge community, this 2,092-square-foot residence is defined by its dramatic boulder-strewn landscape and a "treehouse" architectural design spanning three finished levels. Property Highlights // Secluded Setting: Situated on a double lot with end-of-the-road privacy, featuring massive natural rock outcroppings and a gravel parking area. Expansive Views: Enjoy long-range mountain views that open up significantly during the winter months, all framed by floor-to-ceiling windows that flood the interior with natural light. The Layout: 3 bedrooms and 3 full baths across three distinct levels, offering a versatile floor plan perfect for hosting guests or maintaining a home office. Refined Amenities: Large decks and tons of parking, complemented by a cozy living area with a gas fireplace and efficient propane heat. The Mill Ridge Lifestyle // Centrally located between Boone and Banner Elk, Mill Ridge offers a comprehensive amenity package including: Tennis and basketball courts, a swimming pool, and communal play fields. Private access to the Watauga River for fishing or relaxing. An unbeatable location just minutes from the Grandfather Vineyard & Winery, the Blue Ridge Parkway, and the rugged beauty of Grandfather Mountain. High Country Adventure: This property serves as a premier basecamp for four-season recreation. From the endless hiking trails of the High Country to the nearby ski slopes and the vibrant autumn foliage, 265 Leatherwood Drive offers the rare combination of wilderness seclusion and convenient proximity to the region's best attractions. Discover the serenity of life at 3,350 feet. Modern comfort meets mountain ruggedness in this uniquely polished retreat. **Please note the seller is asking $544,900 with a $10,000 allowance for updating the kitchen if the home is sold furnished with exclusions, or asking $529,900 with a $10,000 allowance for updating the kitchen without the furniture.**
    177 days
    1,644
    105

    Zillow last checked:

    Listing updated:

    Listed by:

    Jaco Gerbrands (828)295-7337,

    Howard Hanna Allen Tate Real Estate Blowing Rock

    Source: High Country AOR,MLS#: 258571MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Forced Air, Propane
      Cooling
      • 1 Unit
      Appliances
      • Included: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer
      • Laundry: In Basement
      Features
      • Furnished, Skylights, Vaulted Ceiling(s), Window Treatments
      • Windows: Casement Window(s), Double Pane Windows, Screens, Vinyl, Skylight(s), Window Treatments
      • Basement: Crawl Space
      • Number of fireplaces: 1
      • Fireplace features: One, Gas
      • Furnished: Yes
      Interior area
      • Total structure area: 2,092
      • Total interior livable area: 2,092 sqft
      • Finished area above ground: 1,408
      • Finished area below ground: 684

      Property

      Parking
      • Parking features: Driveway, Gravel, Private
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Multiple, Open
      • Exterior features: Gravel Driveway
      • Pool features: Community
      • Has view: Yes
      • View description: Long Range, Mountain(s), Seasonal View
      Lot
      • Size: 0.47 Acres
      Details
      • Parcel number: 1878957658000

      Construction

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

      Utilities & green energy

      • Sewer: Community/Coop Sewer
      • Water: Community/Coop
      • Utilities for property: High Speed Internet Available

      Community & HOA

      Community
      • Features: Clubhouse, Fishing, Pool, River, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
      • Subdivision: Mill Ridge
      HOA
      • Has HOA: Yes
      • HOA fee: $237 monthly
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $253/sqft
      • Tax assessed value: $380,700
      • Annual tax amount: $1,142
      • Date on market: 4/29/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $512,100

        $486,000 - $538,000

        $3,073/mo

        Price history

        DateEventPrice
        9/17/2026Price change$529,900-3.5%$253/sqft
        Source: High Country AOR #258571 Report a problem
        5/13/2026Price change$549,000-3.5%$262/sqft
        Source: High Country AOR #258571 Report a problem
        4/29/2026Listed for sale$569,000$272/sqft
        Source: High Country AOR #258571 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,516 +0.8%$380,700
        2024$1,504 $380,700
        2023$1,504 +1.5%$380,700
        2022$1,481 +37.1%$380,700 +72.4%
        2021$1,080 $220,800
        2020$1,080 $220,800
        2019$1,080 $220,800
        2018$1,080 +11.4%$220,800
        2017$970 +10%$220,800 +2.7%
        2013$882 $214,900
        2012-- $214,900
        2011-- $214,900
        2010-- $214,900
        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

        3 / 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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