We are excited to introduce a stunning new construction home! This 4/3.5 meticulously crafted mountain cottage is located in the beautiful community of Bear Run which is centrally located in Banner Elk. The home has been thoughtfully designed with every detail in mind to ensure a seamless blend of functionality, elegance, and comfort. You will be greeted with a spacious living room w/ a vaulted ceiling and gas log stone fireplace that creates a cozy and inviting ambiance. The kitchen features contrasting dove white easy close cabinets and black granite countertops. This is all brought together with a large island centerpiece creating a functional workspace and a statement piece. Be sure to notice the high-end appliances. The first floor also includes an expansive primary suite with en-suite bath, large walk-in closets, a double vanity and a stunning tiled shower, two guest bedrooms on the opp. side of the house and an oversized two car garage w/ level entry into the home. Upstairs there's a lg. bedroom with a private bath. Outside, the landscaping blends seamlessly with the natural beauty of Banner Elk and provides a tranquil backdrop for outdoor activities and relaxation.
Sold for $1,132,000
$1,132,000
522 Running Bear Circle, Banner Elk, NC 28604
4beds
2,721sqft
Single Family Residence
Built in 2023
0.25 Acres Lot
$1,394,200 Zestimate®
$416/sqft
$4,234 Estimated rent
Home value
$1,394,200
$1.30M - $1.51M
$4,234/mo
Zestimate® history
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$6,558/mo
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Zillow last checked:
Listing updated:
Listed by:
Marsha McManus 828-898-3500,
The Summit Group Of The Carolinas,
James Canterbury 828-260-5528,
The Summit Group Of The Carolinas
Bought with:
Margaret Holder, 316600
Keller Williams High Country
Source: High Country AOR,MLS#: 243681
Originating MLS: High Country Association of Realtors Inc.
Originating 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
Cooling
- Central Air, Gas, Zoned
Appliances
- Included: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Heater
- Laundry: Washer Hookup, Dryer Hookup, Main Level
Features
- Attic, Vaulted Ceiling(s)
- Windows: Double Pane Windows
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: One, Vented, Gas
Interior area
- Total structure area: 3,620
- Total interior livable area: 2,721 sqft
- Finished area above ground: 2,721
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Attached, Driveway, Garage, Two Car Garage, Oversized
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite
- Exterior features: Storage
- Has view: Yes
- View description: Mountain(s), Residential
Lot
- Size: 0.25 Acres
Details
- Parcel number: 18581045258600000
- Zoning description: R1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Mountain
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Asphalt,Metal,Shingle
Condition
- Year built: 2023
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed
- Subdivision: Bear Run
HOA
- Has HOA: Yes
- HOA fee: $150 annually
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $416/sqft
- Tax assessed value: $971,800
- Annual tax amount: $3,887
- Date on market: 5/25/2023
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2023 | Sold | $1,132,000-5.6%$416/sqft |
Source:  High Country AOR #243681 Report a problem | ||
| 7/18/2023 | Contingent | $1,199,000$441/sqft |
Source: High Country AOR #243681 Report a problem | ||
| 6/19/2023 | Price change | $1,199,000-4.1%$441/sqft |
Source: High Country AOR #243681 Report a problem | ||
| 5/26/2023 | Listed for sale | $1,250,000$459/sqft |
Source: High Country AOR #243681 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,887 | $971,800 |
| 2024 | $3,887 +200.5% | $971,800 +200.5% |
| 2023 | $1,294 +200.8% | $323,400 +546.8% |
| 2022 | $430 -22.5% | $50,000 |
| 2021 | $555 | $50,000 |
| 2020 | $555 | $50,000 |
| 2019 | $555 +0.9% | $50,000 |
| 2018 | $550 +100% | $50,000 +166% |
| 2017 | $275 +227.1% | $18,800 |
| 2016 | $84 | $18,800 |
| 2015 | $84 | $18,800 |
Find assessor info on the county website
Neighborhood: 28604
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Nearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Avery MiddleGrades: 6-8Distance: 6.4 mi
- 3/10Avery County High SchoolGrades: 9-12Distance: 6.4 mi
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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- North Carolina
- Avery County
- Banner Elk
- 28604
- 522 Running Bear Circle
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