Tucked into the scenic beauty of the Blue Ridge Mountains of North Carolina, this inviting two-bedroom, two-bath mountain home offers the perfect blend of comfort, style, and investment potential. Located in the casual mountain community of Mill Ridge, the property captures the relaxed spirit of mountain living while providing access to sought-after amenities and outdoor recreation.
Step inside to a spacious great room highlighted by soaring cathedral tongue-and-groove ceilings and an impressive stone fireplace that anchors the living space with warm mountain character. The newly remodeled kitchen features granite countertops, new appliances, and a clean, functional layout —ideal for entertaining or unwinding after a day outdoors. Recent updates include new luxury vinyl plank flooring throughout and refreshed bathrooms, giving the home a move-in-ready feel. Outside, an expansive open deck provides a front-row seat to sweeping valley and mountain views—perfect for morning coffee, evening sunsets, or gathering with friends. Mill Ridge residents enjoy a variety of amenities including a swimming pool, tennis courts, clubhouse, hiking trails, and direct access to the scenic Watauga River, well known for excellent trout fishing.
With vacation rentals permitted, this mountain getaway offers flexibility as a full-time residence, second home, or income-producing investment—all within one of the most beautiful regions of the Blue Ridge. Monthly fee includes water, sewer roads, amenities.
For sale
$387,000
131 Hemlock Road, Banner Elk, NC 28604
2beds
1,618sqft
Est.:
Single Family Residence
Built in 1986
0.36 Acres Lot
$366,000 Zestimate®
$239/sqft
$175/mo HOA
What's special
Soaring cathedral tongue-and-groove ceilingsGranite countertopsNewly remodeled kitchenExpansive open deckSpacious great roomClean functional layoutRefreshed bathrooms
- 13 days |
- 1,616 |
- 85 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 08, 2026 at 08:43am
Listed by:
Maria Owens 828-773-1625,
Realty One Group Results-Boone,
Pam King 828-773-8457,
Realty One Group Results-Boone
Source: High Country AOR,MLS#: 260348
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Propane
Cooling
- None
Appliances
- Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Basement
Features
- Attic, Cathedral Ceiling(s), Jetted Tub
- Windows: Double Pane Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: One, Gas, Stone
Interior area
- Total structure area: 1,618
- Total interior livable area: 1,618 sqft
- Finished area above ground: 1,074
- Finished area below ground: 544
Property
Parking
- Parking features: Driveway, Gravel, No Garage, Private
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open
- Exterior features: Storage, Gravel Driveway
- Pool features: Community
- Has spa: Yes
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: River Access, Pond
Lot
- Size: 0.36 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 1888054982000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1986
Utilities & green energy
- Sewer: Community/Coop Sewer
- Water: Community/Coop
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Clubhouse, Fishing, Pool, River, Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: Mill Ridge
HOA
- Has HOA: Yes
- HOA fee: $175 monthly
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $310,100
- Annual tax amount: $1,080
- Date on market: 3/12/2026
- Listing terms: Cash,New Loan
- Road surface type: Paved
Estimated market value
$366,000
$348,000 - $384,000
$2,205/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $387,000$239/sqft |
Source:  High Country AOR #260348 Report a problem | ||
| 3/13/2026 | Listing removed | $387,000$239/sqft |
Source: High Country AOR #260348 Report a problem | ||
| 3/12/2026 | Listed for sale | $387,000+416%$239/sqft |
Source: High Country AOR #260348 Report a problem | ||
| 12/29/1992 | Sold | $75,000$46/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,244 | $310,100 |
| 2023 | $1,244 +1.9% | $310,100 |
| 2022 | $1,221 +30.4% | $310,100 +64% |
| 2021 | $937 | $189,100 |
| 2020 | $937 | $189,100 |
| 2019 | $937 | $189,100 |
| 2018 | $937 +11.2% | $189,100 |
| 2017 | $842 +9.9% | $189,100 +3.5% |
| 2013 | $766 | $182,700 |
| 2012 | -- | $182,700 |
| 2011 | -- | $182,700 |
| 2010 | -- | $182,700 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,196/mo
Principal & interest
$1889
HOA Fees
$175
Property taxes
$132
More affordability tools
Climate risks
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Valle Crucis ElementaryGrades: PK-8Distance: 3.9 mi
- 8/10Watauga HighGrades: 9-12Distance: 8.3 mi
Schools provided by the listing agent
- Elementary: Valle Crucis
- High: Watauga
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 28604
- North Carolina
- Watauga County
- Banner Elk
- 28604
- 131 Hemlock Road
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Banner Elk Topics
