340 Farm Loop Road Banner Elk, NC $ 1,290,000
340 Farm Loop Road
$ 1,290,000
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340 Farm Loop Road

Banner Elk, NC, 28604
$ 1,290,000
Bedrooms3 Baths3.1 Sq 2,821

Monthly Estimate*

$ 9,011

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Single Family Home for sale in Banner Elk, NC

for $1,290,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,821 square foot home was built in 2003 on a lot size of 0.86.

Welcome to 340 Farm Loop Road, a stunning mountain retreat located within the gated community of The Farm at Banner Elk. This charming mountain cottage offers the perfect blend of privacy and convenience, perched among the picturesque landscapes of the Blue Ridge Mountains. Situated on a spacious lot, this custom-built home features high-end finishes and modern amenities throughout. The open concept living area boasts vaulted ceilings, hardwood floors, and a stone fireplace, creating a warm and inviting atmosphere for entertaining guests or simply relaxing. The gourmet kitchen is a chef's dream, with top-of-the-line appliances, granite countertops, and a large island for meal prep and casual dining. The primary suite is a true retreat with its spa-like bath, oversized closet and private access to the open and covered deck overlooking the lush surroundings. Two additional bedrooms provide plenty of space for family and guests, while a bonus room offers versatile options for a home office, gym, or media room. There is approximately 1,602 square feet of unfinished space at the basement level with endless opportunities for additional space. The expansive decking on both the front and back of the home, overlooking the well-maintained grounds and yard space, offers additional outdoor living space. The Farm at Banner Elk offers residents access to a wealth of park-like amenities, such as streams, stocked trout ponds, trails and an outdoor pavilion with a fireplace. Just minutes from downtown Banner Elk, you'll have easy access to shopping, dining, and outdoor recreation opportunities throughout the year. Don't miss your opportunity to own a piece of mountain paradise at 340 Farm Loop Road. Schedule a showing today and discover the luxury and lifestyle this exceptional property has to offer. Note: There is a discrepancy between tax square footage and actual measurements. Home inspection is available with disclosures.

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Single Family Active

Price

$ 1,290,000

Bedrooms

3

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 6,202

Style

Single Family

Lot Size

0.86

Year Built

2003

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

248256

Features
General
Interior Features VaultedCeilings WindowTreatments
Sewer SepticPermit3Bedroom
Heating ForcedAir Fireplaces Propane
Cooling CentralAir
Utilities HighSpeedInternetAvailable
Roof Asphalt Shingle
Appliances Dryer Dishwasher ExhaustFan Disposal GasRange Washer
HOA 1775.0
Patio/Porch Features Covered Multiple Open
Architectural Style Mountain
Security Features SecuritySystem
Construction Materials Stone WoodSiding WoodFrame
Year Built 2003
Stories 3
Levels ThreeOrMore
Property SubType SingleFamilyResidence
Waterfront Features Pond
Community Features Gated LongTermRentalAllowed ShortTermRentalAllowed
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type Residential
HOA / Comm Assn Y
Attached Garage Y
Subdivision Name The Farm At Banner Elk
Garage Y/N Y
Status Active
High School Avery County
City Banner Elk
Buyer Agent Compensation 3
View Y/N N
Senior Community Y/N N
MLS Area 8-Banner Elk
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Farm Loop
Listing Terms Cash Conventional NewLoan
Elementary School Banner Elk
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6202.32
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 47
Standard Status Active
Tax Lot 15
Property Sub Type Additional SingleFamilyResidence
Buyer Agent Compensation Type Item1
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Interior
Basement CrawlSpace Unfinished WalkOutAccess
Total Fireplaces 1
Fireplace Features One Propane
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features WindowTreatments
Fireplace Y/N Y
Above Grade Finished Area 2821.0
Full Baths 3
Half Baths 1
Street Suffix Road
Laundry Features MainLevel
Total Bedrooms 3
Below Grade Finished Area 0.0
Electric On Property Y/N N
Total Baths 4
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Exterior
Parking Features Asphalt Attached Driveway Garage
Water Source Private Well
Lot Size Area 0.86
Foundation Details Basement
Spa N
Building Area Total 4423.0
Lot Size Acres 0.86
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type PrivateRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 340
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* Excluded Features
List By
Premier Sotheby's International Realty- Banner Elk

Broker

sarah.whitfield@premiersir.com

Email

Affordability Calculator

$9,528
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,011
Monthly Property Taxes
$517
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4062214 Elementary School
4062210 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2024$1,290,000 Listed Price

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340 Farm Loop Road, Banner Elk, NC, 28604 is a Single Family Home for sale at $1,290,000 with 2,821 sqft and a lot size of 0.86. 340 Farm Loop Road has 3 bedrooms, 3.1 baths, and was built in 2003. The property's zip code is 28604 which is in Banner Elk, NC