This charming cottage, crafted by Barnette Builders, offers outstanding value within a prestigious gated community. Thoughtfully designed, the unique floor plan maximizes every inch, while soaring vaulted tongue-and-groove ceilings create an open, airy feel well beyond its footprint. Expansive windows invite abundant natural light throughout the home. Offered furnished (with a few exclusions), each bedroom features its own private bath for added comfort and privacy.
The kitchen is well-appointed with Bosch appliances, a gas range, granite countertops, custom cabinetry, and built-in seating with hidden storage. Nestled in a private wooded setting, the home also includes a cozy fire pit area—perfect for relaxing evenings. Beneath the home, you’ll find a partially floored storage space ideal for additional needs. In 2025, a new electric hot water heater and whole-home filtration system were installed. The deck railing and front step handrails were refinished, and a driveway motion-activated flood light was added to the roof.
Located in Headwaters at Banner Elk, a luxury gated community in the Blue Ridge Mountains, this home sits conveniently near the entrance while maintaining a peaceful, secluded feel. A circular driveway allows easy access, and there is potential to add a garage. Residents enjoy six community parks, including a dog park, tennis court, two lakes, hiking trails, and a stunning mountaintop clubhouse featuring a theater, fitness center, game room, dining area, gourmet kitchen, and spacious gathering areas. Take in breathtaking long-range mountain views from the decks.
For sale
Price cut: $20K (8/11)
$679,000
485 Woodlake Loop Road, Elk Park, NC 28622
3beds
1,527sqft
Single Family Residence
Built in 2008
1.18 Acres Lot
$645,900 Zestimate®
$445/sqft
$300/mo HOA
What's special
- 132 days
- 197
- 10
Zillow last checked:
Listing updated:
Listed by:
Linda Cramblit (828)737-3100,
Blue Ridge Realty & Inv. - Banner Elk
Source: High Country AOR,MLS#: 261499
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Propane
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Attic, Cathedral Ceiling(s), Furnished, Vaulted Ceiling(s)
- Windows: Double Pane Windows, Screens
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: One, Gas, Stone
- Furnished: Yes
Interior area
- Total structure area: 1,460
- Total interior livable area: 1,527 sqft
- Finished area above ground: 1,527
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Other, Paved, Private, See Remarks
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Multiple, Open
- Exterior features: Fire Pit, Paved Driveway
- Has view: Yes
- View description: Mountain(s), Trees/Woods
- Waterfront features: Pond
Lot
- Size: 1.18 Acres
Details
- Parcel number: 1930000117880000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Mountain
- Property subtype: Single Family Residence
Materials
- Cedar, Hardboard, Masonry, Stone, Stone Veneer, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 2008
Utilities & green energy
- Sewer: Private Sewer, Septic Permit 3 Bedroom
- Water: Shared Well
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Gated, Lake, Tennis Court(s), Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: Headwaters At Banner Elk
HOA
- Has HOA: Yes
- HOA fee: $3,600 annually
Location
- Region: Elk Park
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $415,200
- Annual tax amount: $1,660
- Date on market: 5/18/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Estimated market value
$645,900
$614,000 - $678,000
$2,238/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Price change | $679,000-2.9%$445/sqft |
Source:  High Country AOR #261499 Report a problem | ||
| 5/18/2026 | Listed for sale | $699,000+84%$458/sqft |
Source: High Country AOR #261499 Report a problem | ||
| 5/24/2019 | Sold | $379,900-2.6%$249/sqft |
Source: High Country AOR #212727 Report a problem | ||
| 4/4/2019 | Pending sale | $389,900$255/sqft |
Source: Blue Ridge Realty & Inv. - Banner Elk #212727 Report a problem | ||
| 3/29/2019 | Price change | $389,900+0.2%$255/sqft |
Source: Blue Ridge Realty & Inv. - Banner Elk #212727 Report a problem | ||
| 5/16/2018 | Listed for sale | $389,000+21.6%$255/sqft |
Source: Blue Ridge Realty & Inv. - Banner Elk #205797 Report a problem | ||
| 5/18/2009 | Sold | $320,000$210/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,661 | $415,200 |
| 2024 | $1,661 | $415,200 |
| 2023 | $1,661 | $415,200 |
| 2022 | $1,661 -4% | $415,200 +32% |
| 2021 | $1,730 | $314,500 |
| 2020 | $1,730 | $314,500 |
| 2019 | $1,730 | $314,500 |
| 2018 | $1,730 | $314,500 +7.3% |
| 2017 | $1,730 +32% | $293,100 |
| 2016 | $1,311 | $293,100 |
| 2015 | $1,311 | $293,100 |
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.Climate risks
Neighborhood: 28622
Nearby schools
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.
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