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$10,885,000
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Property Description
Introducing Cranberry Creek, a completed development purchase opportunity just outside Banner Elk, NC. The offering includes a showcase primary home, spacious guest home and 300 acres of pristine land. There are also five recorded ready-to-build homesites, 19 additional homesites with infrastructure completed to them, 6.58 acres of commercial property and an additional creekside guest home. Originally conceived as a planned community of less than 100 estate-sized homesites, Cranberry Creek offers a picturesque landscape topping out at over 4,000 feet of elevation to live in. With the highest quality infrastructure completed throughout, including gated entry, underground power and high-speed fiber optic, and miles of paved roads climbing to the ridgetop, all the heavy lifting has been done for you. Protective community covenants and an operating HOA are in place, with full Declarant Rights to the community passing to the new owner upon purchase as well as land plan for full development potential. Enjoy the property as it exists now or develop to your vision. There are also trails for hiking and a pavilion for gatherings. The six-bedroom five-bath primary home also offers 1,230 feet of living space above the over-sized garage. Rugged timbers, locally harvested stone and Siberian white oak flooring blend seamlessly with upgraded appliances and the best in modern technology, including home theater. Take in stunning long-range western views and picturesque sunsets from the sweeping deck with covered dining and massive stone fireplace. The guest home offers three bedrooms, four baths with primary suite on level entry and two guest bedrooms in the walk-out basement. The 6.58 acres of highly valuable creekside commercial property on Highway 194 is your chance to create the area's newest mixed-use development, a long-term lease investment property or a sales center. Call today for information and to schedule a personal tour of this phenomenal offering at Cranberry Creek.
Full Property Details
Full Property Details for 680 Bear Paw Rd
General
- Sold For: $10,885,000
- HOA FEE: $250/month
- HOA FEE FREQ.: Annually
- Taxes: $20,790
- Status: Closed
- Type: Single Family
- Source: 2217
- MLS ID: 246502
- Added to Site: 469 day(s) ago
Interior
- Interior Features: Cathedral Ceiling(s), Furnished, Second Kitchen, Home Theater, Vaulted Ceiling(s), Window Treatments
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Three, Gas, Stone, Vented, Wood Burning, Propane
- Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Main Level
Additional Information
- Security/Safety: Security System, Closed Circuit Camera(s)
Exterior
- Exterior Features: Fire Pit, Storage, Paved Driveway
- Porch/Patio/Deck: Covered, Multiple, Open, Screened, Wrap Around
Parking
- Garage: Yes
- Attached garage: Yes
- Parking Features: Asphalt, Attached, Basement, Driveway, Garage, Golf Cart Garage, Oversized, Paved, Private, Three or more Spaces, Shared Driveway
Location
- Area: 14-Cranberry (Avery)
- County: Avery
- Subdivision: Cranberry Creek Estates
School Information
- Elementary School: Freedom Trail
- Middle School: Cranberry
- High School: Avery County
Community
- Community Name: 14-Cranberry (Avery)
- Gated community: Yes
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Radiant Floor
Utilities
- Sewer: Private Sewer, Septic Permit 5 or More Bedroom, Sewer Applied for Permit, Septic Tank
- Water: Private, Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Cable Available, High Speed Internet Available, Septic Available
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Cedar, Frame, Shake Siding, Stone, Wood Siding, Wood Frame
- Basement: Yes
- Basement Desc.: Full, Walk-Out Access
- Roof: Architectural, Shingle
- Windows: Double Hung, Single Hung, Single Pane, Storm Window(s), Window Treatments
- Stories/Levels: 3
- Square Feet: 7,220
- Living Area: 6,718 Sq. Ft.
- Finished Total: 6,718 Sq. Ft.
- Finished Above Grnd: 4,634 Sq. Ft.
- Finished Below Grnd: 2,084 Sq. Ft.
- Year Built: 2008
Additional Structures
- Other Structures: Guest House, Gazebo
Lot Features
- Property View: Long Range, Mountain(s), Seasonal View, Trees/Woods, Southern Exposure
- Lot Size (Acres): 391
- Lot Size: 391
- Frontage: Private Road, Paved
- Zoning: Business/Comm, Other-See Remarks, Residential
Financial Considerations
- Association Fee: $3,000
- Assoc Fee Freq.: Annually
- Tax Amount: $20,790
- Terms: Cash, Conventional, FHA, New Loan, USDA Loan, VA Loan
Disclosures and Reports
- Property ID: 1828-00-77-7826-00000
- Lot Number: See Agent Remarks
Listed and Sold by Premier Sotheby's International Realty- Banner Elk
Get Pre-Approved Today
Schools
Schools serving 680 Bear Paw Rd
School District:Avery County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6110 N Us Highway 19e, Elk Park, NC 28622 | PK-5 | 0.7 mi | |
6230 N Us Highway 19e, Elk Park, NC 28622 | 6-8 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 680 Bear Paw Rd
Date
Details
Price
Change
Source
2/23/2024
Sold
$10,885,000
-8.41%
MLS
10/25/2023
Listed
$11,885,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
680 Bear Paw Road, Elk Park, NC 28622 (MLS# 246502) is a Single Family property that was sold at $10,885,000 on February 23, 2024. Want to learn more about 680 Bear Paw Road? Do you have questions about finding other Single Family real estate for sale in Elk Park? You can browse all Elk Park real estate or contact a Coldwell Banker agent to request more information.