232 Hanging Rock Estates Road, Banner Elk, NC, 28604
About This Home
Nestled in the heart of Banner Elk, NC, this **chic mountain retreat** offers refined living surrounded by the beauty of the High Country. Spanning over **3,000 square feet**, this stunning **4-bedroom, 3.5-bathroom** home blends upscale design with everyday comfort, all within close proximity to Banner Elk’s popular restaurants, shopping, and local attractions. Step inside to discover a **gorgeous, thoughtfully designed kitchen** that serves as the heart of the home, complemented by an additional **outdoor kitchen on the back deck**—perfect for entertaining while enjoying the mountain air. The layout is ideal for both relaxation and hosting, featuring a **spacious living area on the lower level** and a **separate family room upstairs**, offering flexibility and privacy for guests or family members. This home is designed for convenience with **laundry rooms on each level** and an **unbelievable garage** that provides ample space for vehicles, storage, and mountain gear. Each bedroom is generously sized, and the elegant bathrooms reflect the home’s overall attention to quality and detail. Located in a beautiful mountain neighborhood, this exceptional property offers the perfect combination of **luxury, functionality, and location**—a true Banner Elk gem ready to be enjoyed year-round.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2026
Materials
- Roof: Asphalt,Shingle
- Construction materials: Hardboard,Stone,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subType: Farm,Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave Hood Fan,Microwave,Refrigerator,Washer
- Laundry features: Main Level,Upper Level
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Vaulted Ceiling(s)
- Window features: Screens,Single Hung
- Number of fireplaces: 2
- Fireplace features: Two,Gas,Stone,Propane
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 3,174
Heating & Cooling
- Heating features: Forced Air,Fireplace(s),Gas,Propane
- Cooling features: Gas,1 Unit
Interior Area
- Total structure area: 3,396
- Total interior livable area: 3,174 sqft
Property
Details
- Parcel number: 18581165974100000
- Zoning description: Residential
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Multiple
- Exterior features: Outdoor Grill,Outdoor Kitchen
- Has view: Yes
- View description: Long Range,Mountain(s)
Lot
- Lot size: 0.66 Acres
Parking
- Total spaces: 2
- Parking features: Asphalt,Driveway,Garage,Two Car Garage,Oversized
- 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
- Lightning
- Cold Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Hail
- Landslide
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Avery County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $362 | $4,344 |
| Property Taxes | $445 | $5,340 |
| Electricity | $295 | $3,547 |
| Total | $7,928 | $95,136 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Contingent | $1,350,000 |
| 2026-06-24 | Price change | $1,350,000 |
| 2026-04-03 | Listed for sale | $1,450,000 |
| 2026-04-02 | Listing removed | $1,450,000 |
| 2025-12-27 | Price change | $1,450,000 |
| 2025-05-16 | Listed for sale | $1,460,000 |
| 2023-04-06 | Sold | $100,000 |
View on Zillow