This home's estimate is 29.2% lower than the average sale price ($534K) of 6 comparable homes.
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5401 Hickory Nut Gap Rd, Banner Elk, NC 28604
About this home
Must See one of a kind property located in Banner Elk! Just minutes from the Village of Banner Elk, and even closer to Wildcat Lake, this beautiful barn with a studio apartment has endless possibilites. While originally built as a metal horse barn, the property has been approved for an additional 3 bedroom residential septic in addition to the existing studio apartment. As it was orginally approved as an agricultural or commercial investment property, it can still be used in that regard, as well! Partially fenced yard and beautiful tongue and groove throughout. Ceilings in the studio are 11 feet. Short Term Rentals allowed. Schedule your showing today!
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Market trends in 28604, NC
Last updated September 2026
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354 Ridgeline Dr Unit 14C, Sugar Mountain, NC 28604 - NEW 10 HRS AGO
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Sale history for 5401 Hickory Nut Gap Rd
$171/sq ft
$182/sq ft
$185/sq ft
$31/sq ft
Tax history for 5401 Hickory Nut Gap Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Gravel, Driveway, Private
Interior
- Bathroom Information
- # of Full Bathrooms: 1
- Heating & Cooling
- Cooling: None
- Has Heating
- Heating: Electric
- Interior Features
- Interior Features: High Speed Internet
- Window Features: Double Pane Windows
- Appliances: Electric Water Heater, Freezer, Microwave, Refrigerator
- Fireplace Features: None
Exterior
- Exterior Features
- Fencing: Fenced, Partial
- Roof: Metal
- Building Information
- Above Grade Finished Area: 1,707
- Levels: One
- # of Stories Total: 1
- Construction Materials: Wood Siding, Other, See Remarks, Frame
- Foundation Details: Slab
- Property Features
- Has View
- Horses Allowed
- 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: Public Maintained Road
- Lot Size : 2
- Lot Size Area: 2
- Lot Size Units: Acres
- Lot Size Acres: 2
- Zoning Description: Residential
Financial
- Tax Information
- Tax Annual Amount: $620
Utilities
- Utility Information
- Water Source: Well
- Electric: 220 Volts
Location
- Schools Information
- Elementary School: Banner Elk
- High School: Avery County
- Location Information
- Subdivision Name: None
Public facts
- Beds: 3
- Baths: 2.0
- Sq. Ft.: 1,700
- Stories: 1.0
- Parking Spaces: —
- Basement: No
- Accessible: No
- Lot Size: 2 acres
- Style: Single Family Residential
- Year Built: 2007
- Year Renovated: 2020
- County: Avery County
- APN: 18480040430500000
- HOA Dues: —
- Garage: No
- Features: —
Other
- Listing Information
- List AOR: HighCountryAssociationOfRealtorsInc
- AttributionContact: 828-963-2930
Around this home
Schools
Public PreK-5 • Assigned • 2.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
8 days above 84° expected this year, 22 days in 30 years
Minor risk of severe winds over next 30 years
2 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 8.4 hours in June and 4.9 hours in December, placing it below the U.S. average for solar exposure.
Sell confidently with a local market expert in Banner Elk. 3 minutes to get started.
Nearby similar homes
New listings for sale in 28604
Home values near 5401 Hickory Nut Gap Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 1290 Sq. Ft. | $471,749 |
3 Beds | 2 Baths | 1344 Sq. Ft. | $558,072 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1820 Sq. Ft. | $487,570 |
3 Beds | 2 Baths | 1650 Sq. Ft. | $453,578 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1430 Sq. Ft. | $455,901 |
3 Beds | 4.5 Baths | 3742 Sq. Ft. | $931,395 |
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