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132 Sun Peaks Trail, Banner Elk, NC, 28604

5beds
6baths
3,603sqft
$2,199,000
$610price/sqft
$12,813/moest. monthly cost
$512,520/yrincome needed

About This Home

Welcome to Cherry Gap Ridge. New Rustic Homes on Beech Mountain with breathtaking panoramic views. This homesite offers rare “one-of-a-kind” vantage points overlooking the pristine Watauga River Valley. Location! Location! Location! Just 2 miles from Ski Beech and only 1/2 mile from Beech Mountain Club and Golf Course. Book your Tour early to take advantage of this best selection of long range view homes. Home on Lot 3, address 132 Sun Peaks Trail is Built with some minor finishes to the interior being added this house. The house is scheduled for full completion February 2026. Certificate of Occupancy still needs to be obtained.

Getting Around

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

Schools

7/10
Valle Crucis ElementaryGrades PK-86.1 mi
8/10
Watauga HighGrades 9-1213.1 mi

Construction

Condition

  • Year built: 2025

Materials

  • Foundation: Basement
  • Roof: Metal
  • Construction materials: Fiber Cement,Masonry,Stone,Wood Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Oven,Double Oven,Dishwasher,Exhaust Fan,Electric Water Heater,Gas Cooktop,Disposal,Gas Range,Microwave,Refrigerator
  • Laundry features: Washer Hookup,Dryer Hookup,In Basement,Main Level

Basement

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

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Wet Bar,Carbon Monoxide Detector,Cathedral Ceiling(s),Hot Tub/Spa,Second Kitchen,Skylights,Vaulted Ceiling(s),Jetted Tub
  • Window features: Casement Window(s),Double Pane Windows,Other,See Remarks,Storm Window(s),Skylight(s)
  • Number of fireplaces: 3
  • Fireplace features: Three,Gas,Stone,Vented,Wood Burning,Propane
  • Fireplace: Yes
  • Finished area below ground: 995
  • Finished area above ground: 2,608

Heating & Cooling

  • Heating features: Electric,Forced Air,Fireplace(s),Heat Pump,Zoned
  • Cooling features: Central Air,Electric,Heat Pump,2 Units,Zoned

Interior Area

  • Total structure area: 3,603
  • Total interior livable area: 3,603 sqft

Property

Details

  • Parcel number: 1941827881000
  • Zoning description: Residential

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Composite,Multiple,Patio,Stone
  • Exterior features: Fire Pit,Hot Tub/Spa
  • Has spa: Yes
  • Spa features: Hot Tub
  • Has view: Yes
  • View description: Long Range,Mountain(s),Pasture,Residential

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Attached,Driveway,Garage,Two Car Garage,Gravel,Oversized,Shared Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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 WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Ice Storm
Landslide

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 $11,119$133,428
Home Insurance *$590$7,080
Property Taxes $769$9,228
Electricity $335$4,027
Total$12,813$153,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$439,302/yr
40% on housing$384,390/yr
45% on housing$341,680/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

$610This listing

vs Other Active Listings

Avg $/sqft

ZIP 28604$291
Watauga County$292

vs Homes Sold Last Month

Median $/sqft

ZIP 28604$365
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
2025-08-29Listed for sale$2,500,000
2025-03-01Listing removed$2,750,000
2024-08-14Price change$2,750,000
2024-07-05Listed for sale$2,950,000

For Sale by Agent

AgentJohn Parrett
BrokerageHomeDeal Realty, LLC

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