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Key Details
Sold Price $10,885,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 6,718 sqft
Price per Sqft $1,620
Subdivision Cranberry Creek Estates
MLS Listing ID 246502
Sold Date 02/23/24
Style Mountain
Bedrooms 5
Full Baths 4
Half Baths 1
HOA Fees $250/ann
HOA Y/N Yes
Abv Grd Liv Area 4,634
Year Built 2008
Annual Tax Amount $20,790
Lot Size 391.000 Acres
Acres 391.0
Property Sub-Type Single Family Residence
Property Description
Introducing Cranberry Creek, a completed development purchase opportunity just outside Banner Elk, NC. The offering includes a showcase primary home, spacious guest home and 300 acres of pristine land. There are also five recorded ready-to-build homesites, 19 additional homesites with infrastructure completed to them, 6.58 acres of commercial property and an additional creekside guest home. Originally conceived as a planned community of less than 100 estate-sized homesites, Cranberry Creek offers a picturesque landscape topping out at over 4,000 feet of elevation to live in. With the highest quality infrastructure completed throughout, including gated entry, underground power and high-speed fiber optic, and miles of paved roads climbing to the ridgetop, all the heavy lifting has been done for you. Protective community covenants and an operating HOA are in place, with full Declarant Rights to the community passing to the new owner upon purchase as well as land plan for full development potential. Enjoy the property as it exists now or develop to your vision. There are also trails for hiking and a pavilion for gatherings. The six-bedroom five-bath primary home also offers 1,230 feet of living space above the over-sized garage. Rugged timbers, locally harvested stone and Siberian white oak flooring blend seamlessly with upgraded appliances and the best in modern technology, including home theater. Take in stunning long-range western views and picturesque sunsets from the sweeping deck with covered dining and massive stone fireplace. The guest home offers three bedrooms, four baths with primary suite on level entry and two guest bedrooms in the walk-out basement. The 6.58 acres of highly valuable creekside commercial property on Highway 194 is your chance to create the area's newest mixed-use development, a long-term lease investment property or a sales center. Call today for information and to schedule a personal tour of this phenomenal offering at Cranberry Creek.
Location
State NC
County Avery
Community Gated, Trails/Paths, Long Term Rental Allowed
Area 14-Cranberry (Avery)
Rooms
Basement Full, Walk-Out Access
Interior
Interior Features Cathedral Ceiling(s), Furnished, Second Kitchen, Home Theater, Vaulted Ceiling(s), Window Treatments
Heating Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Radiant Floor
Cooling Central Air
Fireplaces Number 3
Fireplaces Type Three, Gas, Stone, Vented, Wood Burning, Propane
Fireplace Yes
Appliance Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
Laundry Main Level
Exterior
Exterior Feature Fire Pit, Storage, Paved Driveway
Parking Features Asphalt, Attached, Basement, Driveway, Garage, Golf Cart Garage, Oversized, Paved, Private, Three or more Spaces, Shared Driveway
Community Features Gated, Trails/Paths, Long Term Rental Allowed
Utilities Available Cable Available, High Speed Internet Available, Septic Available
View Y/N Yes
Water Access Desc Private,Well
View Long Range, Mountain(s), Seasonal View, Trees/Woods, Southern Exposure
Roof Type Architectural,Shingle
Porch Covered, Multiple, Open, Screened, Wrap Around
Building
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Private Sewer, Septic Permit 5 or More Bedroom, Sewer Applied for Permit, Septic Tank
Water Private, Well
Architectural Style Mountain
Level or Stories Three Or More
Additional Building Guest House, Gazebo
Schools
Elementary Schools Freedom Trail
Middle Schools Cranberry
High Schools Avery County
Others
Tax ID 1828-00-77-7826-00000
Security Features Security System,Closed Circuit Camera(s)
Acceptable Financing Cash, Conventional, FHA, New Loan, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, New Loan, USDA Loan, VA Loan
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Bought with Premier Sotheby's International Realty- Banner Elk