$1,000,000
SOLD MAR 31, 2025

358 Falling Waters Way Banner Elk, NC 28604

4 Beds
5 Baths
3,200 Sq Ft
2.5 Acres

Recently Sold

$312 Per Sq Ft

13% Below List Price

276 Days on Market

Highlights

  • Views of Trees
  • 2.5 Acre Lot
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Cathedral Ceiling
  • 2 Fireplaces

About This Home

As of March 2025

This is your opportunity to own a custome log home in the tranquil Falling Waters community, nestled near the charming Valle Crucis community. This custom-built log home is currently under construction, allowing you to personalize it and make it your own mountain paradise. Year-round living: As a primary residence, enjoy the beauty of the mountains and create a haven you can call your own.Family retreat: Imagine cozy nights by the fireplace and adventures in the surrounding nature.
Income potential: Looking for an investment? This cabin's prime location and rustic charm make it a great opporunity for short-term rentals. At this stage in construction, you could choose many of the finishes, transforming this house into your dream mountain escape.

Last Agent to Sell the Property

Amy Douglas

Allen Tate Real Estate - Blowing Rock Brokerage Phone: 828-295-7337 Listed on: 06/27/2024

Allen Tate Real Estate - Blowing Rock

Co-Listed By

Heather Heape

Allen Tate Real Estate - Blowing Rock Brokerage Phone: 828-295-7337

Last Buyer's Agent

Brian Smith

Blowing Rock Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $989

Year Built

  • Built in 2024

Lot Details

  • 2.5 Acre Lot
  • Property fronts a private road

Property Views

  • Trees
  • Seasonal

Home Design

  • Mountain Architecture
  • Log Cabin
  • Shingle Roof
  • Architectural Shingle Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Wrap Around Porch
  • Screened Patio
  • Fire Pit

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Falling Waters Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1879-31-7794-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$989

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.5
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 4051
  • Co List Office Phone: 828-295-7337
  • Subdivision Name: Falling Waters
  • Above Grade Finished Sq Ft: 2098.0
  • Architectural Style: Log Home, Mountain
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2024
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-295-7337
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1102.0
  • Fireplace Features: Two, Gas, Stone, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Vaulted Ceiling(s)
  • Living Area: 3200.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Seasonal View, Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log
  • Exterior Features: Fire Pit, Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Screened, Wrap Around
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Central Air, Heat Pump, 2 Units, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Zoned
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: High Speed Internet Available, Septic Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1879-31-7794-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 988.65
  • Tax Book Number: 1397/443

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $1,000,000 -13.0% $313 / Sq Ft
06/27/2024 06/27/24 For Sale $1,150,000 -- $359 / Sq Ft
Source: High Country Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Douglas

    Seller's Agent in 2025

    Amy Douglas

    Allen Tate Real Estate - Blowing Rock

    (919) 219-1673

    2 in this area

    18 Total Sales

    Amy Douglas
    Section Image
  • Heather Heape

    Seller Co-Listing Agent in 2025

    Heather Heape

    Allen Tate Real Estate - Blowing Rock

    (828) 260-8179

    2 in this area

    17 Total Sales

    Heather Heape
    Section Image

  • B

    Buyer's Agent in 2025

    Brian Smith

    Blowing Rock Real Estate, LLC

    (828) 773-7777

    2 in this area

    52 Total Sales

    Brian Smith
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 250405

High Country Association of REALTORS®

North Carolina Watauga County Banner Elk 28604

358 Falling Waters Way, Banner Elk, NC

This home is located at 358 Falling Waters Way, Banner Elk, NC 28604 and is currently priced at $1,000,000, approximately $312 per square foot. This property was built in 2024. 358 Falling Waters Way is a home located in Watauga County with nearby schools including Banner Elk Elementary School and Avery Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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