Elk Park · Elk Park, NC
5023 Elk Park Highway
Elk Park, NC · 2,636 sqft
$1,675,000
Reduced from $1,750,000
- 4Beds
- 2.5Baths
- 2,636SqFt
- 2000Year
- 174Days on market
About this home
Ever wanted your own estate? Well this is it! This exquisite log home is sitting on 101.60 acres. The home has 3 or 4 bedrooms, two full baths with beautiful hardwood floors, large stone wood burning fireplace, granite countertops, custom cabinets and large rooms with soaring ceilings. There is a loft overlooking the great room that could be a fourth bedroom. Walk through a short breezeway into an oversized two car garage with a finished/heated/cooled area upstairs with a 1/2 bath. This could be a great hobby room, office, game room or convert the 1/2 bath to a full and use if for a guest suite or a rental unit. The drive into the house is like a park with two small streams, one on each side of the driveway. When you are almost to the house there is a small waterfall where you could make a great picnic/family gathering area. There are no restrictions on this property so you can let your imagination roam and your dreams of being in the mountains come true. The location is an approximate ten minute drive to downtown Banner Elk. Centrally located to all are Ski Resorts, Golf Courses, Watauga Lake, Trout fishing, the Appalachian Trail and all of the High Country Amenities that you would expect. This estate sits at an elevation of around 3,300 feet! Properties of this size acreage with a convenient location don't come up very often so you don't want to miss this opportunity. Come enjoy all of the activities, a slower pace and convenience of what our Appalachian Mountains have to offer.
Property details
- Beds
- 4
- Baths
- 2.5
- SqFt
- 2,636
- Lot
- —
- Year built
- 2000
- Type
- Single Family
- Days on market
- 174
- Garage
- 2
- Style
- Contemporary
- Heating
- Central, Electric, Forced Air, Propane
- Cooling
- Ceiling Fan(s), Central Air, Electric, Heat Pump
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$12,327/ month
- Principal & interest
- $10,373
- Property tax (~1.05%)
- $1,465
- Homeowners insurance
- $488
- HOA dues
- —
Down payment
$83,750 down · $1,591,250 financed
Income to qualify (28% rule)
~$528,339 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.