634 & 636 Watauga River Road, Sugar Grove, NC, 28679
About This Home
Rare Riverfront Retreat in Historic Valle Crucis Known as the "Moon River Retreat". Experience the quintessential High Country lifestyle with this extraordinary dual-residence estate. Spanning over 13 pristine acres in the highly coveted Valle Crucis area, this property offers a rare combination of immediate rental income and limitless future development. The Residences & Infrastructure - The property features two charming, well-maintained rental cabins, perfect for short-term vacation hosting, long-term leasing, or a multi-family family compound. Two Fully Functional Cabins: Both homes capture the rustic elegance of the mountains, offering cozy interiors and peaceful porch views. The Barn: A sturdy, functional barn stands ready for equipment storage or with vision could become a beautiful venue for events Expansion Potential: With over 13 acres of versatile terrain, the land boasts multiple prime building sites. Whether you dream of a grand estate overlooking the water or a cluster of boutique rental cottages, the "bones" of this land are ready. Unbeatable Waterfront & Location - Waterfront properties in Valle Crucis are a vanishing breed. This acreage provides direct, private access to the Watauga River, a premier destination for fly fishing, kayaking, and riverside relaxation. River Frontage: Step out of your door and onto the banks of one of the region’s most storied waterways. Historic Valle Crucis: Located just minutes from the Original Mast General Store and the Valle Crucis Community Park, you are in the heart of this beautiful and historic community! Privacy & Proximity: Enjoy total seclusion on your private acreage while remaining a short drive from the dining and amenities of Boone and Banner Elk. Opportunities to own significant riverfront acreage in the Valle Crucis corridor are exceptionally rare. Whether you are an investor looking for a high-yield portfolio addition or a visionary looking to build a private mountain sanctuary, 634 & 636 Watauga River Rd is a must-see. Schedule your private tour today to walk the riverbanks and explore the endless possibilities of this Appalachian gem.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2020
Materials
- Foundation: Basement
- Roof: Metal
- Construction materials: Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Electric Cooktop,Electric Range,Microwave,Refrigerator,Washer,Water Heater
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Crawl Space,Finished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Furnished,Hot Tub/Spa,Vaulted Ceiling(s)
- Number of fireplaces: 2
- Fireplace features: Two,Gas,Stone,Vented,Propane
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,141
Heating & Cooling
- Heating features: Electric,Fireplace(s),Heat Pump
- Cooling features: 2 Units
Interior Area
- Total structure area: 1,141
- Total interior livable area: 1,141 sqft
Property
Details
- Parcel number: 1971710265000
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Multiple,Open
- Exterior features: Hot Tub/Spa,Gravel Driveway
- Has spa: Yes
- Spa features: Hot Tub
- Has view: Yes
- View description: Mountain(s),Pasture,River
- Has water view: Yes
- Water view: River
- On waterfront: Yes
- Waterfront features: River Front,River Access
Lot
- Lot size: 13.77 Acres
Parking
- Parking features: Driveway,Gravel,Private
- 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
- Inland Flooding
- Cold Wave
- Ice Storm
- Landslide
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Watauga 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 | $12,641 | $151,692 |
| Home Insurance * | $783 | $9,396 |
| Property Taxes | $875 | $10,500 |
| Electricity | $200 | $2,405 |
| Total | $14,499 | $173,988 |
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 |
|---|---|---|
| 2026-06-04 | Listed for sale | $2,500,000 |
For Sale by Agent
View on Zillow