$1,850,000
SOLD OCT 25, 2024

787 Eagles Nest Trail Banner Elk, NC 28604

3 Beds
4 Baths
4,314 Sq Ft
1.81 Acres

Recently Sold

$429 Per Sq Ft

17% Below List Price

223 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Gated Community
  • Banner Elk Elementary School Rated A-
  • Fishing
  • 1.81 Acre Lot

About This Home

As of October 2024

Introducing The Koronida Lodge at Eagles Nest. Owner financing available, established rental income and offered turnkey furnished. This awe-inspiring mountain retreat is perched at 3,800 feet above sea level on a 1.81-acre plateau framed by mature hardwoods and looking out onto mountain views. The home offers three bedrooms, four baths and two 3 bonus rooms in 4,314 square feet of heated space, with 2,257 feet of deck space. It's infused with rugged stone and cedar siding on the exterior. Step through the front door and be inspired by the cathedral ceilings and floor-to-ceiling windows of the great room. Hardwood floors throughout the main living area are paired with the stacked river rock, flagstone and reclaimed barn wood of the gas fireplace, all framed by Nickle Gap tongue-and-groove white pine. Exquisite granite countertops and top-of-the-line appliances make for an impressive yet comfortable gourmet kitchen for entertaining. The main level features a primary suite and two bonus sleeping rooms. Upstairs find an additional primary suite, and downstairs features another guest suite, casual den, game space and two-car garage. A 3,000-plus-acre development with elevations of up to 5,200 feet, The Lodges at Eagles Nest offers the most dynamic mountain community experience in all the North Carolina High Country. Boasting panoramic views as far as the eye can see, the land features incredible waterfalls, boulders, streams, an expansive nature preserve and access to the beautiful Elk River. The unique amenities of Eagles Nest include miles of pristine trails for hiking, mountain biking and ATV riding, Eagles Nest Winery, Eagles Nest River Club, The Great Camp, The North Pavilion, Camp Eagles Nest, on-site Dollar General store and more. Call today to schedule a tour of this trophy property in the hottest-selling community in The Blue Ridge Mountains, The Lodges at Eagles Nest! Discrepancy in heated square footage noted between professional measurements and tax records.

Last Agent to Sell the Property

Derek Rowley

Premier Sotheby's International Realty- Banner Elk Brokerage Phone: (910) 620-2978 Listed on: 03/15/2024

Last Buyer's Agent

Emily Farthing

The Summit Group Of The Carolinas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,496

Year Built

  • Built in 2019

Lot Details

  • 1.81 Acre Lot
  • Property fronts a private road
  • Southern Exposure

HOA Fees

  • $421 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Shake Siding
  • Cedar
  • Stone

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Mountain Views
  • Pull Down Stairs to Attic
  • Storm Windows

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Stream or River on Lot
  • Covered patio or porch

Schools

  • Banner Elk Elementary School
  • Avery Middle School
  • Avery County High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot C-9
  • Assessor Parcel Number 183900962682

Community Details

Overview

  • The Lodges At Eagles Nest Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Fishing
  • Trails

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,496

Year Built

Built in 2019

Lot Details

0

HOA Fees

$421 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.81
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Lodges At Eagles Nest
  • Above Grade Finished Sq Ft: 2827.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2019
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (910) 620-2978
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1487.0
  • Fireplace Features: Gas, Stone, Vented, Wood Burning, Propane
  • Fireplace: Yes
  • Interior Amenities: Attic, Cathedral Ceiling(s), Furnished, Pull Down Attic Stairs, Vaulted Ceiling(s), Window Treatments
  • Living Area: 4314.0
  • Stories: 2
  • Window Features: Double Hung, Double Pane Windows, Screens, Storm Window(s), Window Treatments

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cedar, Shake Siding, Stone, Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement, Pillar/Post/Pier
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Security: 24 Hour Security
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Hot Water, Propane, Zoned
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 3 Bedroom
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Fishing, Gated, Pickleball, River, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 5050.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 183900962682
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5496.0
  • Tax Book Number: 552/2410
  • Tax Lot: C-9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Sep 18, 2024
Sold by
Steven W Kambouris Trust and Joanne H Kambouris Trust
Bought by
Sharma Sandeep Kumar and Hallman Sharma Kristen
Seller's Agent
Derek Rowley
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Emily Farthing
The Summit Group Of The Carolinas
List Price
$2,235,000
Sold Price
$1,850,000
Premium/Discount to List
-$385,000
-17.23%
Total Days on Market
223
Views
61
Current Estimated Value
$1,981,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,909
Avg. Annual Appreciation
11.95%
Original Mortgage
$1,300,000
Outstanding Balance
$1,292,430
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$689,479

Purchase Details

Closed on
Nov 16, 2020
Sold by
Kambouris Steven W and Kambouris Joanne H
Bought by
Steven W Kambouris Revocable Trust and Joanne H Kambouris Revocable Trust

Purchase Details

Closed on
Dec 7, 2009
Sold by
Barker Nelson F
Bought by
Suntrust Bank

Purchase Details

Closed on
Mar 15, 2006
Sold by
Eagles Nest
Bought by
Barker Nelson F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,850,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Trustee Deed $176,000 None Available
Warranty Deed $275,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,300,000 New Conventional
Previous Owner $247,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $1,850,000 -17.2% $429 / Sq Ft
03/15/2024 03/15/24 For Sale $2,235,000 -- $518 / Sq Ft
Source: High Country Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,957 $1,640,800 $150,000 $1,490,800
2022 $6,957 $1,640,800 $150,000 $1,490,800
2021 $5,944 $1,080,800 $80,000 $1,000,800
2020 $5,944 $1,080,800 $80,000 $1,000,800
2019 $3,368 $612,400 $80,000 $532,400
2018 $440 $985,300 $80,000 $905,300
2017 $413 $75,000 $0 $0
2016 $335 $75,000 $0 $0
2015 $335 $75,000 $75,000 $0
2012 -- $150,000 $150,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 248471

High Country Association of REALTORS®

APN: 1839-00-96-2682-00000