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Don't miss this enchanting 5-cabin property on 9 acres, including 6 acres of untapped potential on the ridge, located in a prime Banner Elk location in Watauga County. Offering excellent advertising opportunities in both Watauga - Boone, Blowing Rock - and Avery - Banner Elk, Sugar Mountain, Beech Mountain - counties, this property boasts a custom website and a central location that is convenient to numerous local attractions and towns. Adjacent to a renowned historic inn, the property boasted strong rental income in 2022 & 2023"”and its new, boutique rental program offers passive ownership with a high-ROI venture from day one and room to grow. The heart of the Valle Crucis Historic District hosts these five captivating cabins with a central green space, currently used as a community dog park, and multiple other fenced areas for possible further development. Find one studio cabin, one 1 bedroom/1 bath cabin, two 2 bedroom/1 bath cabins, and a luxurious 2 bedroom/2 baths cabin"”all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Look forward to lighted pathways guiding your guests to the neighboring inn for delightful evenings of delectable dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals and potential for further commercial or residential expansion to be built above - capitalize on this incredible investment opportunity now! Envision the possibilities with BUILDABLE 6 acres complete with a 6 BR septic permit and well permit. Build your dream single-family residence or multiple cabins along the ridge, while taking advantage of a roughed-in road and available building sites. Explore further revenue growth with additional cabin builds, added amenities, or event spaces! Enjoy an established revenue stream as you embark on a successful journey with this picturesque oasis in the heart of the High Country. Come see this fantastic property today!
| DAYS ON MARKET | 122 | LAST UPDATED | 4/18/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 2000 |
| COMMUNITY | 5-Watauga, Shawneehaw | COUNTY | Watauga |
| STATUS | Conditional | PROPERTY TYPE(S) | Commercial |
| Elementary School | Valle Crucis |
|---|---|
| High School | Watauga |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 5-Watauga, Shawneehaw |
| BARN/EQUESTRIAN | Yes |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Log, Wood Siding |
| HEAT | Baseboard, Electric, Fireplace(s), Heat Pump, Other, See Remarks |
| LOT | 9 acre(s) |
| PARKING | Paved |
| SEWER | Septic Tank |
| SUBDIVISION | None |
| TAXES | 4833 |
| WATER | Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mary Baker, Keller Williams High Country, (828) 773-5240
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