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Listing provided courtesy of The Summit Group Of The CarolinasMLS# 258853MLS ProviderContact Information: (828) 898-3500
  • 222 days on site
  • 0 views

This is a rare find. 5 +/- acres of gently sloping land conveniently located between Banner Elk and Newland off of Hickory Nut Gap Rd. The lay of the land is beautiful. About half is open pasture and half is wooded. There is a pond on the property. Want a beautiful mountain retreat? This is it! The current owners did a preliminary survey to possibly divide part of the acreage into 4 lots with each being approx. .9 of an acre. Look for this under the documents. There is a natural area that looks like an old roadbed already in place. An investor could build 4 very rent-able cabins on the property and then also have use of the pond. Absolutely beautiful property, Restrictions will only be for a maximum of 4 houses if the land is made into a minor subdivision and no trailers.

Source: High Country MLS, MLS#: 258853

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  • Property Type
    Land
  • Lot
    8.40 acres

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Ivester Jackson Christie's

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  • Median Age
    50
  • Population Density
    54
  • College Educated
    37%
  • Estimated Median Income
    $39,309
  • Estimated Total Home Owners
    3,163
  • Estimated Total Renters
    824
  • Owner / Renter Divide
    79% / 21%
  • Estimated Average Household Size
    2
  • Total Population
    8,680
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at TBD Tower Road

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.