Welcome to 3.836 acres with long range mountain view potential. This is the opportunity to own a property that combines a gated community, ample space, views, privacy, serenity and location. Only 8 minutes to downtown Banner Elk and 12 minutes to Valle Crucis area. Views are visible in current state; however, can be maximized with tree trimming. There is a roughed in driveway that leads up to a clearing for a building area that promotes privacy and elevates the view potential. A secondary driveway has been cut in that leads to a lower cleared area, that also has great views and would make a great outdoor area! A shared community spring box is located on the lot for easy access to water and a three-bedroom septic has been approved through Watauga County Health Department in 2025. There is underground power at the front of the property and High Speed internet throughout the community. Chestnut Hill is a quiet gated subdivision located in the heart of the Matney section of Banner Elk that combines the beauties of its natural surrounding with an upscale feel. This is a very buildable property that is convenient to all Banner Elk and Valle Crucis amenities. Listing Agent is the Seller.
Vacant landProperty Type
3.84 acresLot Size
$36,458Price/Acres
$83/moHOA Dues
Listed by Brad Palatucci• Realty One Group Results-Banne
Sale and tax history for Lot 4B & 5 Chestnut Mountain Rd
Sale History
Tax History
Date
Event
Price
HCMLS #258720
Oct 21, 2025
Listed
$140,000
HCMLS #242465
Apr 16, 2025
Sold
$125,000
Mar 18, 2025
Contingent
—
Sep 2, 2023
Relisted
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Aug 22, 2023
Delisted
—
Mar 23, 2023
Listed
$149,900
+24
Spectacular canvas perched on over three acres with long range view potential. There are two good knolls that would be the ideal placement for your home and both are very flat. Driveways have been roughed in, shared spring box for easy access to water and a three bedroom septic has been approved but expired May 2022. Chestnut Hill is a quaint gated subdivision located in the heart of Matney. The owners have done extensive work clearing out the underbrush to help visualize the view potential without removing big trees. The owners already have plans drafted for a 3,418 square foot house as well as a set for a 2767 square foot home. Close to all the High Country amenities and a very buildable lot.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Watauga County
APN
1869860272000
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Last updated by owner on Jun 5, 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
3 days above 86° expected this year, 9 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)
32
17
42
25
53
35
61
44
63
47
71
56
74
61
66
56
65
51
54
40
49
35
40
26
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Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 3% for direct sun exposure in Banner Elk. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Lot 4B & 5 Chestnut Mountain Rd
$128,287
$12K under list price of $140K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $40K to $375K.