For sale

Price cut: $15K (7/7)

$335,000

390 Fall Creek Meadows Lane, Elk Park, NC 28622

2beds

687sqft

$1,902/mo

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Single Family Residence

Built in 1995

0.99 Acres Lot

$314,200 Zestimate^®

$488/sqft

$-- HOA

What's special

Welcoming covered front porch

Discover easy one-level living in this delightful 1995 2-bedroom, 1-bath cottage, perfectly situated on a quiet .99-acre lot just a short drive from downtown Banner Elk. The home features a welcoming covered front porch, an open back deck ideal for taking in the serene surroundings, and a long gravel driveway providing abundant parking and smooth access. Inside, the vaulted-ceiling den with fireplace adds warmth and character, while the kitchen includes a ceiling-height exclusion of 182'. A long-term lease is currently in place through May 2027, offering built-in rental stability. Enjoy the cool mountain air while relaxing outdoors, grilling, or simply soaking in the peaceful natural setting. With close proximity to hiking trails, skiing, golf, white-water rafting, shopping, dining, and seasonal entertainment, this property provides an ideal blend of tranquility and convenience.

68 days

366

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Ductless, Fireplace(s), Kerosene

Cooling

Ductless, 3+ Units

Appliances

Included: Dryer, Electric Range, Refrigerator, Washer

Features

Vaulted Ceiling(s)
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: One, Propane

Interior area

Total structure area: 731
Total interior livable area: 687 sqft
Finished area above ground: 687
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Covered, Multiple, Open
Has view: Yes
View description: Long Range, Seasonal View

Lot

Size: 0.99 Acres

Details

Parcel number: 19300000752200000

Construction

Type & style

Home type: SingleFamily
Architectural style: Mountain
Property subtype: Single Family Residence

Materials

Wood Siding, Wood Frame
Roof: Metal

Condition

Year built: 1995

Utilities & green energy

Sewer: Private Sewer
Water: Private, Well
Utilities for property: High Speed Internet Available

Community & HOA

Community

Features: Long Term Rental Allowed, Short Term Rental Allowed
Subdivision: None

HOA

Has HOA: Yes

Location

Region: Elk Park

Financial & listing details

Price per square foot: $488/sqft
Tax assessed value: $158,600
Annual tax amount: $660
Date on market: 5/29/2026
Listing terms: Cash,Conventional,New Loan
Road surface type: Gravel

Estimated market value

$314,200

$298,000 - $330,000

$1,493/mo

Price history

Date	Event	Price
7/7/2026	Price change	$335,000-4.3%$488/sqft
Source: High Country AOR #261454 Report a problem
6/1/2026	Listed for sale	$350,000+124.4%$509/sqft
Source: High Country AOR #261454 Report a problem
5/6/2026	Listing removed	$1,490$2/sqft
Source: Zillow Rentals Report a problem
4/13/2026	Price change	$1,490-10.2%$2/sqft
Source: Zillow Rentals Report a problem
2/20/2026	Price change	$1,660-8.3%$2/sqft
Source: Zillow Rentals Report a problem
12/22/2025	Listed for rent	$1,810$3/sqft
Source: Zillow Rentals Report a problem
2/16/2021	Sold	$156,000+56%$227/sqft
Source: Public Record Report a problem
10/31/2008	Sold	$100,000$146/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$634	$158,600
2024	$634	$158,600
2023	$634	$158,600
2022	$634 +14.4%	$158,600 +57.3%
2021	$554	$100,800
2020	$554	$100,800
2019	$554	$100,800
2018	$554 -2.6%	$100,800 +19.1%
2017	$569 +50.4%	$84,600
2016	$378	$84,600
2015	$378	$84,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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: 28622

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

7/10
Freedom Trail Elementary School
Grades: PK-5Distance: 3.1 mi
5/10
Cranberry Middle School
Grades: 6-8Distance: 3.1 mi
3/10
Avery County High School
Grades: 9-12Distance: 8.5 mi

Schools provided by the listing agent

Elementary: Freedom Trail
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.