Recreational Land with Home for Sale in Banner Elk, North Carolina
644 Teaster Valley Ln, Banner Elk, NC 28604
This 29.84-acre property located on Teaster Valley Lane in Banner Elk, NC, is listed for 2,999,000 and offers a unique opportunity for extreme privacy, development, or a mountain retreat. The property features stunning, long-range mountain views and includes a 1996 manufactured home (504 sq ft) with a partially finished cabin, providing a base while building
Property Highlights:
Acreage: 29.84 acres, described as partially cleared with significant mature timber and varied topography.
Water Source: The property operates on a natural spring.
Water Feature: The Elk River runs through the property.
Location: Situated in Banner Elk (Avery County), near Beech Mountain, Sugar Mountain, and Grandfather Mountain.
Potential: Ideal for investors looking to build multiple luxury homes, or as a private family estate for recreational vehicles and wilderness lovers.
Access: Located near the end of Teaster Valley Lane, requiring travel up a hill to reach the prime building sites
Location
- Street address
- 644 Teaster Valley Ln
- County
- Avery County
- Elevation
- 3,547 feet
Directions
NC-184 N turn left onto NC-184 N/NC-194 S Main St W left 194-S right onto Teaster Valley Lane continue around turn and up hill for all of property
Property details
- Acreage
- 29.84 acres
- Zoning
- R-1A
- MLS #
- TRIAD 1183903
- Posted
Parcels
- 184800198363
Details and features
Listing
- Type
- Residential
- Subtype
- Manufactured Home
Lot
- Vegetation
- Partially Wooded, Wooded
Exterior
- Features
- Mountain, Partially Cleared, Views
Structure
- Heating
- Electric, Forced Air
- Cooling
- Multi Units, Wall Unit(s)
- Materials
- Aluminum Siding, Vinyl Siding
Interior
- Rooms
- Bathroom x 2, Bedroom x 4
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 6, 2026 | Price drop | $2,999,000 | $501,000 -14.3% | TRIAD |
| Apr 2, 2026 | Relisted | $3,500,000 | — | TRIAD |
| Mar 31, 2026 | Listing removed | $3,500,000 | — | Listing agent |
| Feb 27, 2026 | Relisted | $3,500,000 | — | TRIAD |
| Feb 26, 2026 | Listing removed | $3,500,000 | — | Listing agent |
| Jan 17, 2026 | Relisted | $3,500,000 | — | TRIAD |
| Jan 14, 2026 | Listing removed | $3,500,000 | — | Listing agent |
| Oct 6, 2025 | Relisted | $3,500,000 | — | TRIAD |
| Oct 5, 2025 | Listing removed | $3,500,000 | — | Listing agent |
| Aug 13, 2025 | Relisted | $3,500,000 | — | TRIAD |
| Aug 7, 2025 | Listing removed | $3,500,000 | — | Listing agent |
| July 16, 2025 | Relisted | $3,500,000 | — | TRIAD |
| July 11, 2025 | Listing removed | $3,500,000 | — | Listing agent |
| June 10, 2025 | New listing | $3,500,000 | — | TRIAD |