Skip main navigation
Off market
  • $1,662,800

    7583 Hickory Nut Gap Rd, Banner Elk, NC 28604

    5beds
    4,929sqft
    SingleFamily
    Built in 1990
    2.66 Acres Lot
    $1,662,800 Zestimate®
    $337/sqft
    $4,455 Estimated rent

    Home value

    $1,662,800

    $1.58M - $1.75M

    $4,455/mo

    Zestimate® history
    Loading...

    Owner options

    List your home for rent

    $4,455/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $4,455/mo

    Rent Zestimate®

    Refinance and save

    $9,111/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $9,111/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Downtown Banner Elk Retreat with Panoramic Mountain Views & Dual Living Spaces Discover this rare opportunity in the heart of Banner Elk, just one minute from downtown, perfectly positioned on 2.66 acres overlooking Lees-McRae College, Grandfather Mountain, and the surrounding Blue Ridge peaks. This beautifully manicured property sits atop a gentle hill, offering privacy, rolling green space, and the peaceful sounds of nature — all while being just moments from local dining, shops, and outdoor adventures. It's common to spot deer, black bear, and native wildlife roaming the property, and a hiking trail at the edge of the land connects to a stream leading directly to the Lees-McRae duck pond, adding to the tranquil mountain charm. The home is thoughtfully designed with two distinct living spaces — think large family home, a multi-generational retreat, or a turnkey short-term rental investment. Main Level (Primary Residence) Enter through the welcoming front porch into a spacious living room with vaulted ceilings, a stone fireplace, and sweeping mountain views from the back porch. The main level includes: • 3 bedrooms • Kitchen and dining area • Walk-in pantry • Sauna — envision après-ski relaxation Upper Level (Short-Term Rental Suite) With a separate entrance and dedicated parking, the upstairs is fully equipped as a separate rental or guest suite. Features include: • Open living room and kitchen • Small office/flex space • 3 bedrooms, each with en-suite bathroom Outside, enjoy a storage shed for tools and gear, plus ample space for gardens or outdoor living areas. Whether you're seeking a peaceful mountain home, a multi-family getaway, or a revenue-producing property, this Banner Elk gem offers the perfect balance of seclusion, scenery, and convenience.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: February 21, 2026 at 11:14pm

    Source: Engel & Volkers,MLS#: 258761MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Appliances
    • Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
    Features
    • Vaulted Ceiling(s), Sauna
    • Has basement: No
    • Has fireplace: Yes
    Interior area
    • Total structure area: 4,929
    • Total interior livable area: 4,929 sqft

    Property

    Parking
    • Parking features: No Garage
    • Has garage: Yes
    Features
    • Stories: 2
    Lot
    • Size: 2.66 Acres
    Details
    • Parcel number: 18580017212900000

    Construction

    Type & style
    • Home type: SingleFamily
    Condition
    • Year built: 1990

    Community & neighborhood

    Location
    • Region: Banner Elk
    • Subdivision: None

    Price history

    DateEventPrice
    11/21/2025Listing removed$1,790,000$363/sqft
    Source: Engel & Volkers #258761 Report a problem
    10/30/2025Listed for sale$1,790,000$363/sqft
    Source: High Country AOR #258761 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,254 $313,600
    2024$1,254 $313,600
    2023$1,254 $313,600

    Find assessor info on the county website

    Neighborhood: 28604

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Banner Elk
    • High: Avery County

    Source: Engel & Volkers. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.