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315 Lazy Bear Trail, Vilas, NC, 28692

6beds
8baths
4,950sqft
$1,795,000
$363price/sqft
$10,601/moest. monthly cost
$424,040/yrincome needed

About This Home

Breathtaking long range layered mountain views create an unforgettable backdrop for this extraordinary luxury mountain retreat in the heart of Valle Crucis. Potential rental income of $125,000! (See rental proposal) The main part of the lodge was crafted with the timeless character of Logs America, offering exceptional quality, impressive scale, and warm yet refined mountain elegance. Impeccably decorated and beautifully maintained, this remarkable property has been featured in local magazines and offers a rare blend of luxury, comfort, and versatility. Designed to accommodate both quiet retreats and larger gatherings, the home features 6 spacious suites, each offering a private en suite bath with separate soaking tub and shower, along with its own propane fireplace for a true retreat like experience. High ceilings and expansive living spaces enhance the sense of openness throughout, while views from nearly every room bring the beauty of the mountains indoors. The main living area is both grand and inviting, with an extra large dining space and wet bar that also lends itself beautifully to a den or lounge setting. The commercial kitchen provides excellent function and flexibility and could easily be transformed into a stunning dream kitchen. Multiple rooms open onto several levels of deck space, creating exceptional indoor /outdoor living with plenty of room for relaxing, dining, and entertaining against a backdrop of layered mountain views. The lower level offers wonderful flexibility with separate living quarters and entrance, ideal for extended family, guest accommodations, or additional rental space. A recently renovated kitchen with custom cabinetry and chiseled edge granite counters adds style and function, while the generous additional space and bonus room are ideal for a 3rd living area, game room, media room, or creative hobby space. Laundry on both the second floor and lower level adds convenience and accessibility. Outside, the property is equally impressive, with a large parking area, beautiful native plantings and perennials, a pond with waterfall feature, and a welcoming rocking chair front porch. Every detail invites you to slow down, take in the views, and enjoy the peaceful beauty of this exceptional setting. Ideally located in Valle Crucis, yet just 15 minutes to Boone, near Blowing Rock, the skiing of Sugar and Beech Mountains, famed Blue Ridge Parkway, hiking trails, the original Mast General Store, and the stocked Watauga River for trout fishing, this property offers a premier High Country lifestyle with convenient access to some of the area’s most sought after destinations. Currently operating as a successful Bed and Breakfast, this property carries the prestigious designation of Select Registry lodging, and offers the opportunity to continue as an established inn, or reimagine it as an exceptional single family home, mountain getaway, or luxury vacation rental. Most furnishings are negotiable, offering even more possibilities for a seamless transition into your vision.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
Valle Crucis ElementaryGrades PK-81.4 mi
8/10
Watauga HighGrades 9-125.7 mi

Construction

Condition

  • Year built: 2004

Materials

  • Roof: Architectural,Shingle
  • Construction materials: Log,Stone Veneer,Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Log Home,Mountain
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Gas Range,Other,Refrigerator,See Remarks,Washer
  • Laundry features: Washer Hookup,Dryer Hookup,Upper Level

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Features

  • Wet Bar,Jetted Tub,Second Kitchen,Vaulted Ceiling(s),Window Treatments
  • Window features: Window Treatments
  • Fireplace features: Free Standing,Gas,Stone,Vented,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,141
  • Finished area above ground: 3,809

Heating & Cooling

  • Heating features: Forced Air,Propane
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,269
  • Total interior livable area: 4,950 sqft

Property

Details

  • Parcel number: 1980778690000
  • Zoning description: Residential

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Multiple,Open
  • Exterior features: Storage
  • Has spa: Yes
  • Has view: Yes
  • View description: Long Range

Lot

  • Lot size: 6.27 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Ice Storm
Landslide
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Watauga County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,076$108,912
Home Insurance *$508$6,096
Property Taxes $556$6,672
Electricity $461$5,532
Total$10,601$127,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$363,462/yr
40% on housing$318,030/yr
45% on housing$282,693/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$363This listing

vs Other Active Listings

Avg $/sqft

ZIP 28692$281
Watauga County$294

vs Homes Sold Last Month

Median $/sqft

ZIP 28692$294
Watauga County$292

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-21Listed for sale$1,900,000
2021-01-20Listing removed--
2021-01-03Contingent$29,000
2021-01-03Pending sale$29,000
2020-05-17Listed for sale$29,000
2020-04-08Listing removed$29,000
2020-02-13Price change$29,000
2020-01-18Listed for sale$45,000

For Sale by Agent

AgentChristy Lombardozzi
BrokerageKeller Williams High Country

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