OFF MARKET

Off market jan 2022 for $575K

$725,915

Est. refi paymentEst. refi $3,991/mo

•

2,950

sq ft

116 Leatherwood Rd, Banner Elk, NC 28604

About this home

Located at the top of Mill Ridge/ Sleepy Hollow with seasonal views of Grandfather Mountain. Great Investment property located in Mill Ridge, just a short drive to Banner Elk, Boone, and Blowing Rock. This spacious 5BR/3.5BA home has been maintained and renovated over the years including new HVAC system, Clean Spacing, Radon mitigation, New Carpeting in lower level. Main level living with an open great room with Open concept kitchen, wood floors, stone fireplace, picture windows, and access to the oversized semi-wrap around deck. on one side you will find the primary suite, and on the other, you will find 2 spacious bedrooms and full bath. Downstairs you will find a spacious second living space with wet bar, den area, and stone fireplace; two bedrooms, a full bath, and unfinished space serving as a workshop and storage. Circular drive allowing for extra parking in addition to the wonderful covered parking area. This home is primarily used for vacation rental purposes and has a great rental history. Offered Furnished

Single-familyProperty Type

1988Year Built

0.26 acresLot Size

$246Est. Price/Sq.Ft.

Listed by Ben McKay • Howard Hanna Allen Tate Realtors Boone

Listed by DJ DeMoranville • Howard Hanna Allen Tate Realtors Boone

Bought with Angela Allen • Howard Hanna Allen Tate Realtors Boone

Redfin checked: 2 minutes ago

•Source:HCMLS #234305

Redfin Estimate

$725,915

$151K since sold in January 2022$23K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.2% lower than the average sale price ($910K) of 6 comparable homes.

SOLD AUG 11, 2026
$651,000
A
3 beds3.5 baths2,826 sq ft
549 Clubhouse Dr, Banner Elk, NC 28604
SOLD SEP 15, 2026
$658,305
B
3 beds3 baths2,318 sq ft
230 Hawks Bill Dr, Banner Elk, NC 28604
SOLD AUG 31, 2026
$1,083,000
C
4 beds3 baths2,696 sq ft
142 Summit Point Trl, Banner Elk, NC 28604
SOLD DEC 16, 2025
$1,000,000
D
5 beds3.5 baths3,028 sq ft
751 Echota Pkwy, Boone, NC 28607
SOLD SEP 9, 2026
$1,425,000
E
4 beds3 baths3,190 sq ft
368 Spruce Pine Trl, Blowing Rock, NC 28605
SOLD APR 29, 2026
$640,000
F
3 beds3 baths2,292 sq ft
380 Devils Lake Dr, Seven Devils, NC 28604

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,252/mo

Redfin rental estimate

List your home for rent

Market trends in 28604, NC

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

95.4%

0.4% MoM

Median sale price

$586K

$11K MoM

Avg. days on market

102d

21 days MoM

Recently sold homes

167

23 MoM

New listings for sale

NEW 10 HRS AGO
$315,000
2 beds2 baths832 sq ft
388 Skyleaf Dr Unit B11, Sugar Mountain, NC 28604
NEW 24 HRS AGO
$679,900
3 beds3 baths2,249 sq ft
135 Wapiti Way Unit C, Banner Elk, NC 28604
$225,000
2 beds2 baths869 sq ft
185 River 2 Rd, Banner Elk, NC 28604
$1,400,000
3 beds4.5 baths3,524 sq ft
808 Chestnut Ridge Trl, Seven Devils, NC 28604
$599,900
2 beds2 baths1,620 sq ft
103 Upper Grouse Ridge Rd, Beech Mountain, NC 28604
$239,000
2 beds2 baths963 sq ft
303 Sugar Top Dr #2401, Sugar Mountain, NC 28604
$179,000
1 bed1 bath750 sq ft
127 South Slope Loop #2, Banner Elk, NC 28604
$399,900
4 beds3 baths1,505 sq ft
218 Lakeledge Road Rd, Beech Mountain, NC 28604
$299,900
2 beds2 baths828 sq ft
367 Skyleaf Dr Unit D12, Sugar Mountain, NC 28604
$1,350,000
7 beds7.5 baths7,891 sq ft
216 Greenbriar Rd, Beech Mountain, NC 28604
See all

Provided by Redfin

Sale history for 116 Leatherwood Rd

Date

Event

Price

HCMLS #234305

Jan 28, 2022

Sold

$575,000

$195/sq ft

Nov 7, 2021

Listed

$575,000

$195/sq ft

HCMLS #213641

Jun 28, 2019

Sold

$347,000

$118/sq ft

Apr 11, 2019

Listed

$354,500

$120/sq ft

+21

Fabulous mountain retreat located at the top of Mill Ridge/ Sleepy Hollow with seasonal views of Grandfather Mountain. This incredibly convenient Mill Ridge location is just a short drive to Banner Elk, Boone, and Blowing Rock. This spacious 5BR/3.5BA home has been incredibly maintained and renovated over the years. One will find main level living with an open great room with updated kitchen, wood floors, stone fireplace, picture windows, and access to the oversized semi-wrap around deck. On one side of the great room, you will find the private master suite, and on the other, you will find 2 spacious bedrooms and full bath. Downstairs you will find a wonderful second living space with wet bar, den area, and stone fireplace; two bedrooms, a remodeled full bath, and unfinished space serving as a workshop and storage. Up and down you will find oversized connected decking spanning the width of the house with wonderful views. Outside you will find a beautiful flower garden, circular drive allowing for extra parking in addition to the wonderful covered parking area. This turnkey property is perfect for seasonal or full time living. Furnished with few exceptions.

Year

Property tax

Land + Additions

Assessment*

2025

$1,825 (+0.7%)

$19,600 + $445,200

$464,800

2024

$1,813

$19,600 + $445,200

$464,800

2023

$1,813 (+1.3%)

$19,600 + $445,200

$464,800

2022

$1,790 (+13.8%)

$19,600 + $445,200

$464,800

2021

$1,573

$21,400 + $308,200

$329,600

2020

$1,573

$21,400 + $308,200

$329,600

2019

$1,573 (+11.7%)

$21,400 + $308,200

$329,600

2018

$1,408

$21,400 + $308,200

$329,600

2017

$1,408 (+10.4%)

$21,400 + $308,200

$329,600

2016

$1,276

$21,400 + $308,200

$329,600

2015

$1,276

$21,400 + $308,200

$329,600

2014

$1,276

$21,400 + $308,200

$329,600

Tax history for 116 Leatherwood Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,825 (+0.7%)

$19,600 + $445,200

$464,800

2024

$1,813

$19,600 + $445,200

$464,800

2023

$1,813 (+1.3%)

$19,600 + $445,200

$464,800

2022

$1,790 (+13.8%)

$19,600 + $445,200

$464,800

2021

$1,573

$21,400 + $308,200

$329,600

2020

$1,573

$21,400 + $308,200

$329,600

2019

$1,573 (+11.7%)

$21,400 + $308,200

$329,600

2018

$1,408

$21,400 + $308,200

$329,600

2017

$1,408 (+10.4%)

$21,400 + $308,200

$329,600

2016

$1,276

$21,400 + $308,200

$329,600

2015

$1,276

$21,400 + $308,200

$329,600

2014

$1,276

$21,400 + $308,200

$329,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

2.5

Stories

Lot width

—

Lot depth

—

Lot size

0.26 Acres

Year renovated

—

Sq. Ft.

3,204

Year built

1988

Style

Single Family Residential

County

Watauga County

APN

1878859648000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 29, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
Has Carport
Parking Features: Carport, Garage, Oversized

Interior

Bathroom Information
# of Full Bathrooms: 3
# of Half Bathrooms: 1

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Electric, Forced Air, Fireplace(s)

Interior Features
Interior Features: Wet Bar, Vaulted Ceiling(s), High Speed Internet
Window Features: Skylight(s), Window Treatments
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Gas, Propane

Room Information
Laundry Features: Washer Hookup, Main Level
Has Basement
Basement Details: Crawl Space, Finished, Walk-Out Access

Exterior

Exterior Features
Roof: Asphalt, Shingle

Building Information
Above Grade Finished Area: 1,621
Below Grade Finished Area: 1,329
Levels: One
# of Stories Total: 1
Construction Materials: Wood Siding, Frame

Property Features
Has View

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence

Lot Information
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size : 0.26
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Zoning Description: Deed Restrictions,Residential,Subdivision

Financial

Tax Information
Tax Annual Amount: $1,573.09

Location

HOA Information
Has Homeowners Association
Association Fee: $165
Association Fee Frequency: Monthly
Derived Association Fee (Monthly): $165

Schools Information
Elementary School: Valle Crucis
High School: Watauga

Location Information
Subdivision Name: Mill Ridge

Public facts

Beds: 3
Baths: 2.5
Sq. Ft.: 3,204
Stories: 1.0
Lot Size: 0.26 acres
Style: Single Family Residential
Year Built: 1988
Year Renovated: —
County: Watauga County
APN: 1878859648000

Home facts updated by county records on Oct 29, 2026

Other

Listing Information
List AOR: HighCountryAssociationOfRealtorsInc

Around this home

Schools

Valle Crucis Elementary

Public PreK-8 • Assigned • 8.6mi

7/10

Watauga High

Public 9-12 • Assigned • 8.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 88° expected this year, 22 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Banner Elk, NC • 28604

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 4.9 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$690,000 – $835,000

Sell confidently with a local market expert in Banner Elk. 3 minutes to get started.

Nearby similar homes

VIDEO TOUR

$1,500,000

Land— sq ft

455 Shawnee Rd, Banner Elk, NC 28604

Unrestricted acreage • Shawneehaw creek

$675,000

3 beds2 baths1,669 sq ft

276 E Rivers Edge, Boone, NC 28607

Log home • Gated community • Trout-fishing rights

3D WALKTHROUGH

$799,000

3 beds2.5 baths2,659 sq ft

189 White Oak Trl, Banner Elk, NC 28604

Two car garage • Vaulted ceilings • Exposed wood beams

$1,115,000

3 beds3.5 baths2,915 sq ft

131 Balsam, Boone, NC 28607

Stone fireplaces • Custom kitchen • 0.25 acre lot

$649,900

2 beds2 baths1,730 sq ft

339 Welcome Way, Boone, NC 28607

Front covered porch • Wooded privacy • Wet weather stream

$1,695,000

5 beds5.5 baths3,951 sq ft

240 Crestwood Springs Ct, Boone, NC 28607

Mirrored wet bar • Cathedral ceilings • Massive wood beams

New listings for sale in 28604

NEW 10 HRS AGO

$315,000

2 beds2 baths832 sq ft

388 Skyleaf Dr Unit B11, Sugar Mountain, NC 28604

Granite countertops • Updated lighting • Newer appliances

NEW 24 HRS AGO

$679,900

3 beds3 baths2,249 sq ft

135 Wapiti Way Unit C, Banner Elk, NC 28604

Top floor condo • Granite countertops • $395 HOA

$225,000

2 beds2 baths869 sq ft

185 River 2 Rd, Banner Elk, NC 28604

Swimming pool • Tennis courts • Clubhouse

$1,400,000

3 beds4.5 baths3,524 sq ft

808 Chestnut Ridge Trl, Seven Devils, NC 28604

Panoramic views • Great room • Vaulted ceilings

$599,900

2 beds2 baths1,620 sq ft

103 Upper Grouse Ridge Rd, Beech Mountain, NC 28604

One level living • Flat paved driveway • 0.37 acre lot

$239,000

2 beds2 baths963 sq ft

303 Sugar Top Dr #2401, Sugar Mountain, NC 28604

Delightful patio • Lvp flooring • Gated community

$179,000

1 bed1 bath750 sq ft

127 South Slope Loop #2, Banner Elk, NC 28604

Wooded setting • Small stream • Vinyl flooring

$399,900

4 beds3 baths1,505 sq ft

218 Lakeledge Road Rd, Beech Mountain, NC 28604

Great room • Two bedroom suites • Private bath

$299,900

2 beds2 baths828 sq ft

367 Skyleaf Dr Unit D12, Sugar Mountain, NC 28604

Updated flooring • Renovated kitchen • Quartz countertops

Home values near 116 Leatherwood Rd

Data from public records.

Address	Redfin Estimate
150 Leatherwood Road, Banner Elk, NC 4 Beds \| 2 Baths \| 2873 Sq. Ft.	$620,432
228 Basswood Road, Banner Elk, NC 2 Beds \| 3 Baths \| 2440 Sq. Ft.	$628,997

Address	Redfin Estimate
101 Leatherwood Road, Banner Elk, NC 3 Beds \| 2 Baths \| 1632 Sq. Ft.	$478,332
118 Ironwood Drive, Banner Elk, NC 2 Beds \| 2 Baths \| 1127 Sq. Ft.	$425,765

Address	Redfin Estimate
171 Leatherwood Road, Banner Elk, NC 3 Beds \| 2 Baths \| 1049 Sq. Ft.	$326,195
193 Basswood Road, Banner Elk, NC 4 Beds \| 3.5 Baths \| 4115 Sq. Ft.	$947,263

Property information provided by HCMLS when last listed in 2021. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for rent in Foscoe	Agents near me	Asheville, NC homes for sale	Foscoe Housing Market
Houses for sale near me	Charlotte, NC homes for sale	Apex, NC homes for sale
Land for sale near me	Raleigh, NC homes for sale	Greensboro, NC homes for sale
Open Houses near me	Cary, NC homes for sale	Foscoe Property Records
Condos for sale near me	Durham, NC homes for sale	NC New Listings

Banner Elk homes for sale
Boone homes for sale
Blowing Rock homes for sale

28604 homes for sale
28605 homes for sale
28607 homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 28604, NC

Sale history for 116 Leatherwood Rd

Tax history for 116 Leatherwood Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 28604

Home values near 116 Leatherwood Rd

More real estate resources