Spectacular Watauga Riverfront Estate – Dual Living Quarters & Ultimate Waterfront Decks Discover the ultimate riverfront retreat on the pristine waters of the Watauga River. This expansive property is an entertainer's dream, offering an unparalleled waterfront lifestyle, exceptional space, and incredible value-add potential. Designed to comfortably sleep 12+ guests, this estate functions as a 6-bedroom, 3-bathroom haven featuring two separate, fully equipped living quarters— great for multi-generational living, a premier vacation rental, or a high-capacity mountain-river getaway. The Ultimate Riverfront Experience Step outside onto an incredible multi-tiered series of decks that cascade seamlessly from the main house all the way down to the rushing waters of the Watauga River. Whether you are hosting massive gatherings, soaking in the mountain air, or stepping right off your lower deck to fly-fish, kayak, or just play in the fresh mountain water, this outdoor living space offers a riverfront experience that is truly second to none. Dual Living Quarters & Versatile Layout • Main & Upper Levels: Feature spacious living areas framed by river views, a functional layout, and multiple sleeping areas to accommodate large groups. All furniture conveys with the house. • Finished Lower Level: A fully finished basement serves as the second independent living quarters. It provides excellent privacy, additional recreation space, and direct access to the outdoor deck systems. All furniture conveys with the house. (Note: Basement square footage (1705 sq ft) reflects unpermitted work; finished to a high standard but sold as-is). • Sewer/Septic Note: The home offers the functionality and layout of a 6-bedroom home but is serviced by a 2-bedroom septic system. Detached 2-Car Garage with Unmatched Value-Add Potential The massive detached two-car garage is a hobbyist’s or investor’s dream, offering two major bonus features: 1. Plumbed for a Half-Bath: Main-level garage plumbing is already stubbed out and ready for easy installation. 2. Unfinished Man Cave / Lady Lair: Construction has already begun on a massive bonus space above the garage. All on-site wood building materials convey with the sale, giving the next owner a massive head start on creating a detached game room, home office, or additional guest suite. Imagination is yours! Whether you are looking for a lucrative premier rental property that can host a crowd, or a family compound on one of the region's most desirable rivers, this Watauga River gem offers space, functionality, and upside that you won't find anywhere else. Schedule your tour today to experience the decks and the river in person!
Single-familyProperty Type
1986Year Built
0.84 acresLot Size
$205Price/Sq.Ft.
2 car garageParking
Listed by Billie Rogers• Keller Williams High Country
Remarkable investment opportunity! On the river! Great location on 105 between Boone and Banner Elk. Remodeled property has 2 separate living areas. Upstairs has remodeled 3 bedrooms 2 baths, kitchen, great room and dining area. Beautiful wood floors in the open and bright, great room and dining area. New appliances, cabinets, flooring, fixtures, and carpet. Extensive decking overlooking the river. Stairs from property to the river. Lower level has 2 bedrooms, 1 full bath, kitchen, living area, bonus room and laundry room. Work was in progress on lower level but has not been completed. Owner had to relocate. All appliances, flooring, washer and dryer are being sold with property. Property additionally has oversized 2 car garage with workshop and upstairs bonus room. Unique property, with convenient location, great for year round living or rental.
Year
Property tax
Land + Additions
Assessment*
2025
$1,132
$32,800 + $250,200
$283,000
2024
$1,132
$32,800 + $250,200
$283,000
2023
$1,132
$32,800 + $250,200
$283,000
2022
$1,132 (+30.9%)
$32,800 + $250,200
$283,000
2021
$865
$19,700 + $137,500
$157,200
2020
$865
$19,700 + $137,500
$157,200
2019
$865
$19,700 + $137,500
$157,200
2018
$865 (−19.1%)
$19,700 + $137,500
$157,200
2017
$1,068 (+23.1%)
$19,700 + $174,500
$194,200
2016
$868 (−14.1%)
$19,700 + $174,500
$194,200
2014
$1,011
$19,700 + $174,500
$194,200
Public record
Beds
6
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.84 Acres
Year renovated
1996
Finished Sq. Ft.
3,410
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,410
Year built
1986
Style
Single Family Residential
County
Avery County
APN
18670267928900000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
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
9 days above 82° expected this year, 27 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Banner Elk, NC • 28604
Average low and high temperatures (°F)
32
17
42
25
53
35
61
44
63
47
71
56
74
61
66
56
65
51
58
42
49
35
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
19/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
3 hrs
0.4 hr
JuneDecember
Provided by Shadowmap
Redfin Estimate for 150 Watauga River Rd
$693,503
$5,497 under list price of $699K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $1.4M.