Watauga Co Investor Opportunity – Cash Only / As-Is Sale – Offered Furnished Prime location on the east side of Boone just outside town limits, this property offers exceptional potential for investors or those looking for a project in a high-demand area. Conveniently located near Watauga Medical Center, Samaritan’s Purse, and just 10 minutes to downtown Boone and Appalachian State University, the setting makes it especially attractive for future rental use, including student housing. Currently configured as a 3-bedroom, 1.5-bath home, the property is being marketed as a 1-bedroom due to anticipated impacts from upcoming NCDOT road improvements. The Bamboo Road frontage is scheduled for drainage enhancements and roadway widening associated with a planned traffic circle project located further down the road. Supporting documentation, including maps and plans, is available for review. Watauga County Environmental Health recommends completing the transition to a 1-bedroom septic system prior to the start of planned NCDOT improvements. While an exact construction timeline has not been finalized, work is currently estimated to begin around 2027 (timeline subject to change). As part of the project, the driveway is expected to be relocated further up Sunny Knoll Acres, with relocation handled by NCDOT. The existing septic system, located in the front of the home, may be impacted by construction. The seller has proactively secured a new 1-bedroom septic permit (not yet installed) and has obtained an estimate for the work, allowing the next owner to complete installation. The home itself features a functional layout with all bedrooms on the main level, a cozy kitchen with eat-in area, a standalone gas fireplace, and access to a rear deck. The walkout basement includes a one-car garage, laundry area, and approximately 600 SF of additional space for storage or a workshop. Offered furnished for added convenience and immediate rental potential. Priced accordingly to reflect condition, septic considerations, and upcoming road improvements. This is a strong opportunity for investors seeking value in a growing Boone location.
Single-familyProperty Type
1985Year Built
0.46 acresLot Size
$174Price/Sq.Ft.
1 car garageParking
Listed by Kathleen Medlin• Century 21 Mountain Vistas
Contact: (828) 264-9111
Bought with Michelle Kowalski• Blowing Rock Real Estate, LLC
Est. $1,841 per month, based on comparable rentals
Sale and tax history for 5416 Bamboo Rd
Sale History
Tax History
Date
Event
Price
HCMLS #260661
May 13, 2026
Sold
$172,500
$174/sq ft
Apr 15, 2026
Contingent
—
Apr 3, 2026
Listed
$199,000
$201/sq ft
HCMLS #255975
Aug 6, 2025
Contingent
—
Jul 7, 2025
Price Changed
$270,000
$272/sq ft
Jun 3, 2025
Listed
$300,000
$302/sq ft
HCMLS #233723
Jan 31, 2022
Sold
$288,000
$290/sq ft
Oct 13, 2021
Listed
$298,000
$300/sq ft
+19
Solid 3 bedroom 1.5 bath home in a super convenient location on east side of Boone outside town limits. Home offers cute kitchen with eat-in area, stand-alone gas fireplace and access to open rear deck. All three bedrooms on main level. Downstairs walkout basement includes oversized one-car garage, laundry area and about 600 SF which could be finished to add more heated living space. Basement can be accessed via interior stairs but also has separate outside entrance. Has been a solid long-term rental but could also be a full-time home. Close to Watauga Medical Center, Samaritan's Purse and a short 10-minute ride to downtown Boone and Appalachian State University.