$2,600,000
Accepting Backup Offers

129 Alnic Lane

Banner Elk, NC 28604
8 beds | 6 baths | #4125963
Browse 40 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Don't miss this captivating 5-cabin property on 9 acres, including 6 buildable acres on the ridge, centrally located between Boone and Banner Elk. The property saw strong rental income in 2022 & 2023—and its new, boutique rental management program offers passive ownership with a high-ROI venture from day one and room to grow! One studio cabin, one 1BD/1BA cabin, two 2BD/1BA cabins, and a deluxe 2BD/2BA cabin—all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Lighted pathways will guide your guests to the neighboring inn for delightful evenings of fine dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals. Current 6 BR septic and well permits for the undeveloped ridge. Utilize the roughed-in drive and available build sites for your dream residence or explore further revenue growth with additional cabin builds, added amenities, or event space. Come see this fantastic property today!

  • Interior Details
      • InteriorVaulted Ceiling(s)
    • Heating & Cooling
      • CoolingCentral Air, Ductless, Window Unit(s), Other - See Remarks
      • Cooling FeaturesCentral Air, Ductless, Window Unit(s), Other - See Remarks
    • Beds & Baths
      • Bedrooms8
      • Bathrooms6
      • Full Baths6
  • Property Details
      • Lot FeaturesCul-De-Sac, Green Area, Hilly, Private, Views, Wooded
      • Lot DescriptionCul-De-Sac, Green Area, Hilly, Private, Views, Wooded
      • Exterior MaterialsFence, Fire Pit, Outdoor Shower, Other - See Remarks
      • ViewLong Range, Mountain(s)
      • Stories2
    • Parking
      • Parking FeaturesAssigned
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built2000
    • Material information
      • RoofAluminum, Composition
      • FoundationCrawl Space
  • Utilities / Energy Details
      • AppliancesDishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
      • Utility FeaturesElectricity Connected, Fiber Optics, Propane
      • Sewer InformationSeptic Installed
      • Utility SourceWell
  • Community and Neighborhood Details
      • Elementary SchoolValle Crucis
      • Middle SchoolValle Crucis
      • High SchoolWatauga
      • CountyWatauga
  • Financial Details
      • Original List Price$2,750,000
      • Days on Market (Cumulative)97
  • Other
      • MLS #4125963

Location

Bradley Pace | Keller Williams ProfessionalsReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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