OFF MARKET

Off Market Nov 2019 for $1.3M

$2,432,931

•

4,792

sq ft

348 New Farm Rd, Banner Elk, NC 28604

About this home

First time on the market. Riverfront Estate Home complete with Caretaker-Guest Cottage and Vacant Pasture Land magically located in the Valle Crucis area - all of the 3 Tracts have their very own Watauga River Frontage. The 3 Tracts total @ 14.59 Acres approx. The Main Estate Home is basically ONE LEVEL LIVING with everything on the main level less extra bedrooms and baths upstairs. No Basement, there is a crawl space. The Main Estate Home shows 5 Bedroom Septic Permitting and the Guest Cottage shows 2 Bedroom Septic Permitting. Neither footprint of either home shows being inside any flood plain area. Horses are permitted, Vegetable Gardens are permitted however no Commercial Use or Sales. Main Estate Home has 5 Bedrooms, 5 Full Baths, 1/2 Bath, Master Suite with Double Full Baths, Family Room with Stone Fireplace, Formal Living Room with Fireplace, Formal Dining Room, Den or Office or Study, Breakfast Nook, Laundry Room, Sunroom, Screened-In-Room, Full 2 Car Garage, Workshop Area in Garage and Lots of Entertainment Decking. The Main Home also has a fenced-in Dog Run. The Guest Cottage has @ 900 sq. ft. living space and a Full 2 Car Garage. Easy to show today, Buy Now!

Single-familyProperty Type

1987Year Built

14.59 acresLot Size

$508Est. Price/Sq.Ft.

2 car garageParking

Listed by Michael Parkinson • Don't Use****Keller Williams HIGH Country

Bought with Margo Lenmark • Blowing Rock Investment Properties

Redfin checked: 2 minutes ago

•Source:HCMLS #218301

Redfin Estimate

$2,432,931

$1.1M since sold in November 2019$45K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 51.7% higher than the average sale price ($1.60M) of 6 comparable homes.

SOLD JUN 29, 2026
$1,425,000
A
3 beds4.5 baths4,972 sq ft
2008 Valle Cay Dr, Vilas, NC 28692
SOLD OCT 27, 2025
$1,850,000
B
4 beds5 baths4,920 sq ft
527 Red Tailed Hawk Rd, Banner Elk, NC 28604
SOLD JUN 22, 2026
$1,525,000
C
3 beds4 baths4,397 sq ft
198 Little Harbour None, Vilas, NC 28692
SOLD JUL 9, 2026
$1,850,000
D
4 beds4.5 baths3,174 sq ft
246 Mulberry, Boone, NC 28607
SOLD JAN 14, 2026
$2,200,000
E
4 beds4.5 baths5,867 sq ft
1215 Evergreen, Boone, NC 28607
SOLD SEP 10, 2026
$775,000
F
3 beds2.5 baths1,962 sq ft
221 White Oak Trl, Banner Elk, NC 28604

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

Earn from this home

Rent

$4,325/mo

Redfin rental estimate

List your home for rent

Market trends in 28604, NC

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.8%

0.2% MoM

Median sale price

$575K

$7K MoM

Avg. days on market

82d

5 days MoM

Recently sold homes

147

20 MoM

New listings for sale

NEW 1 HR AGO
$750,000
3 beds3 baths2,087 sq ft
618 Penny Ln Unit 2B, Banner Elk, NC 28604
NEW 2 HRS AGO
$649,000
2 beds2.5 baths1,911 sq ft
351 Silver Springs Dr Unit B, Banner Elk, NC 28604
NEW 4 HRS AGO
$2,795,000
5 beds5.5 baths4,872 sq ft
510 Fox Run Rd Rd, Banner Elk, NC 28604
NEW 5 HRS AGO
$2,650,000
4 beds4.5 baths4,521 sq ft
131 Meadowlark Lane Ln, Banner Elk, NC 28604
NEW 8 HRS AGO
$3,200,000
3 beds4.5 baths4,592 sq ft
133 Summit Ledges Ln, Banner Elk, NC 28604
NEW 9 HRS AGO
$1,100,000
4 beds4.5 baths3,369 sq ft
225 Isle Of Skye, Banner Elk, NC 28604
NEW 26 HRS AGO
$565,000
2 beds2 baths1,382 sq ft
156 Crescent Ln Unit 23D, Sugar Mountain, NC 28604
NEW 34 HRS AGO
$850,000
4 beds3.5 baths2,533 sq ft
358 Green Cove Rd, Sugar Mountain, NC 28604
$650,000
2 beds2 baths1,647 sq ft
393 Green Cove Rd, Sugar Mountain, NC 28604
$599,000
2 beds3 baths1,850 sq ft
155 Spice Apple Dr, Banner Elk, NC 28604
See all

Provided by Redfin

Sale history for 348 New Farm Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,081 (+0.2%)

$260,600 + $1,088,900

$1,349,500

2024

$5,069 (+0.5%)

$260,600 + $1,088,900

$1,349,500

2022

$5,046 (+17.8%)

$260,600 + $1,088,900

$1,349,500

2019

$4,282 (+12.1%)

$158,000 + $769,600

$927,600

2018

$3,818

$158,000 + $769,600

$927,600

2017

$3,818 (+10.8%)

$158,000 + $769,600

$927,600

2016

$3,447

$158,000 + $769,600

$927,600

2015

$3,447

$158,000 + $769,600

$927,600

2014

$3,447

$158,000 + $769,600

$927,600

Tax history for 348 New Farm Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,081 (+0.2%)

$260,600 + $1,088,900

$1,349,500

2024

$5,069 (+0.5%)

$260,600 + $1,088,900

$1,349,500

2022

$5,046 (+17.8%)

$260,600 + $1,088,900

$1,349,500

2019

$4,282 (+12.1%)

$158,000 + $769,600

$927,600

2018

$3,818

$158,000 + $769,600

$927,600

2017

$3,818 (+10.8%)

$158,000 + $769,600

$927,600

2016

$3,447

$158,000 + $769,600

$927,600

2015

$3,447

$158,000 + $769,600

$927,600

2014

$3,447

$158,000 + $769,600

$927,600

*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

5.5

Stories

1.5

Lot width

—

Lot depth

—

Lot size

4.79 Acres

Year renovated

—

Sq. Ft.

4,912

Year built

1987

Style

Single Family Residential

County

Watauga County

APN

1980536157000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 2
Parking Features: Paved, Asphalt, Concrete, Driveway, Garage, Private

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 5
# of Half Bathrooms: 1

Heating & Cooling
Has Cooling
Cooling: Central Air, Heat Pump
Has Heating
Heating: Forced Air, Fireplace(s), Propane

Interior Features
Interior Features: Wet Bar, Tray Ceiling(s), High Speed Internet
Window Features: Double Pane Windows
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Propane

Room Information
Laundry Features: Main Level
Basement Details: Crawl Space

Exterior

Exterior Features
Exterior Features: Storage
Patio And Porch Features: Covered
Fencing: Fenced, Partial
Roof: Shake, Wood

Building Information
Above Grade Finished Area: 4,792
Levels: Two
# of Stories Total: 2
Construction Materials: Wood Siding, Stone, Frame

Property Features
On Waterfront
Waterfront Features: River Front
Has View
Security Features: Security System
Horses Allowed

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

Land Information
Topography: Pasture

Lot Information
Lot Features: Pasture
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size : 14.59
Lot Size Area: 14.59
Lot Size Units: Acres
Lot Size Acres: 14.59
Additional Parcels Description: 1980-52-2787-000 -and- 1980-53-2323-000
Zoning Description: Residential,Subdivision

Financial

Tax Information
Tax Annual Amount: $6,600

Utilities

Utility Information
Water Source: Private, Well
Utilities: Cable Available
Sewer: Private Sewer

Location

HOA Information
Has Homeowners Association
Association Fee: $1,800
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $150

Schools Information
Elementary School: Valle Crucis
High School: Watauga

Location Information
Subdivision Name: Shulls Farm

Public facts

Beds: 4
Baths: 5.5
Sq. Ft.: 4,912
Stories: 1.5
Lot Size: 4.79 acres
Style: Single Family Residential
Year Built: 1987
Year Renovated: —
County: Watauga County
APN: 1980536157000

Home facts updated by county records on Jul 20, 2026

Other

Listing Information
List AOR: HighCountryAssociationOfRealtorsInc

Around this home

Schools

Valle Crucis Elementary

Public PreK-8 • Assigned • 5.9mi

7/10

Watauga High

Public 9-12 • Assigned • 6.2mi

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

2/10 Heat Factor

8 days above 88° expected this year, 24 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 8.4 hours in June and 4.8 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.31M – $2.80M

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

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New listings for sale in 28604

NEW 1 HR AGO

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NEW 2 HRS AGO

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2 beds2.5 baths1,911 sq ft

351 Silver Springs Dr Unit B, Banner Elk, NC 28604

NEW 4 HRS AGO

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5 beds5.5 baths4,872 sq ft

510 Fox Run Rd Rd, Banner Elk, NC 28604

NEW 5 HRS AGO

$2,650,000

4 beds4.5 baths4,521 sq ft

131 Meadowlark Lane Ln, Banner Elk, NC 28604

NEW 8 HRS AGO

$3,200,000

3 beds4.5 baths4,592 sq ft

133 Summit Ledges Ln, Banner Elk, NC 28604

NEW 9 HRS AGO

$1,100,000

4 beds4.5 baths3,369 sq ft

225 Isle Of Skye, Banner Elk, NC 28604

NEW 26 HRS AGO

$565,000

2 beds2 baths1,382 sq ft

156 Crescent Ln Unit 23D, Sugar Mountain, NC 28604

NEW 34 HRS AGO

$850,000

4 beds3.5 baths2,533 sq ft

358 Green Cove Rd, Sugar Mountain, NC 28604

$650,000

2 beds2 baths1,647 sq ft

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Home values near 348 New Farm Rd

Data from public records.

Address	Redfin Estimate
511 New Farm Rd, Banner Elk, NC 4 Beds \| 2.5 Baths \| 3428 Sq. Ft.	$1,221,557
188 New Farm Rd, Banner Elk, NC 2 Beds \| 2 Baths \| 918 Sq. Ft.	$764,148

Address	Redfin Estimate
379 New Farm Rd, Banner Elk, NC 3 Beds \| 4.5 Baths \| 3262 Sq. Ft.	$1,533,515
255 New Farm Rd, Banner Elk, NC 5 Beds \| 3.5 Baths \| 5224 Sq. Ft.	$2,052,138

Address	Redfin Estimate
535 New Farm Rd, Banner Elk, NC 4 Beds \| 5.5 Baths \| 5742 Sq. Ft.	$1,621,264
449 New Farm Rd, Banner Elk, NC 4 Beds \| 4.5 Baths \| 4331 Sq. Ft.	$1,548,695

Property information provided by HCMLS when last listed in 2019. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 28604, NC

Sale history for 348 New Farm Rd

Tax history for 348 New Farm 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 348 New Farm Rd

More real estate resources