Mill Ridge Homes under $400,000

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Newest Mill Ridge Homes under $400,000

$225,000

2 Beds ⋅ 2 Baths ⋅ 265014 MLS

Cozy Cottage in Mill Ridge! Set in a peaceful setting near the Watauga River, this charming 2-bedroom, 2-bath cottage offers a wonderful opportunity to create your own mountain getaway. Whether you're looking for a second home, vacation retreat, or short-term rental opportunity, this cottage has plenty of potential. Enjoy Mill Ridge amenities, including the swimming pool, tennis courts, and clubhouse, or venture out to explore nearby hiking trails. Conveniently located between Boone and Banner Elk, you'll have easy access to Grandfather Winery, restaurants, shopping, Appalachian State University, area ski slopes, and the many outdoor adventures and attractions in the High Country.

185 River 2 Road, Banner Elk

$229,000

1 Beds ⋅ 2 Baths ⋅ 264032 MLS

Welcome to easy mountain living in Mill Ridge! This fully furnished condo is truly move-in ready—just bring your suitcase and start enjoying the High Country. The condo itself has recently received a fresh exterior paint job and also features a new roof, new deck boards and new railings, along with an encapsulated crawl space, so there is no long list of projects waiting for the next owner. One of the standout features is the spacious covered outdoor living room—an inviting extension of the home that essentially gives you a second living area. With plenty of room for comfortable seating, a TV and entertaining, it’s the perfect place for morning coffee, an afternoon with friends, or simply relaxing in the cool mountain air. The location within Mill Ridge is hard to beat. The swimming pool and tennis courts are a stone’s throw away, making them incredibly convenient to enjoy. At just $175 per month, the association fee is an exceptional value and includes water, sewer, access to on-site dumpsters, and use of the pool and tennis courts. You’re also just a short drive from area ski resorts, hiking and outdoor recreation, including the beautiful Profile Trail at Grandfather Mountain. Boone, Banner Elk, restaurants, shopping and everything the High Country has to offer are all within easy reach. This property would be a great fit for a first-time homeowner, parents wanting a comfortable furnished home for a college student, someone looking for a weekend or seasonal getaway, or anyone wanting an easy lock-and-leave mountain home. With two distinct living areas, furnishings already in place, great community amenities and a location that puts mountain recreation close by, this Mill Ridge condo offers an unusually easy way to start enjoying the High Country from day one.

196 Trout Pond Lane Unit 2, Banner Elk

$355,000

2 Beds ⋅ 2 Baths ⋅ 262811 MLS

TURN KEY home located in the Mill Ridge community of Foscoe, NC. "The Little Red Treehouse" is a newly renovated property that serves as an ideal full-time residence, starter home, or successful investment property. This light-filled, two-bedroom, 1.5-bathroom home features vaulted ceilings in a spacious living and dining area, kitchen with a large cast iron sink and 1/2 bath with washer/dryer. - Lower Level: A primary bedroom with a mini-split and sitting area, a second bedroom perfect for bunk beds or a home office, and a full bathroom. Additionally, the property offers ample storage throughout the interior. Efficient heating via a central propane heater and individual area heaters, with a window air conditioner in the kitchen for summer cooling - Outdoor Living: An extended deck for seasonal views and an encapsulated crawl space with heater. The home comes fully furnished, with only a few exceptions. Located in a charming, walkable neighborhood, the property is minutes away from skiing, hiking trails, shopping, Grandfather Winery and the Watauga River. Residents also enjoy Mill Ridge community amenities, including a heated pool, tennis courts, hiking trails, and a clubhouse featuring a commercial kitchen and fireplace. Ample parking area. Centrally located between Boone and Banner Elk. Income producing property. New water installed Oct/2026

430 Laurel Ridge Road, Banner Elk

$315,000

2 Beds ⋅ 1 Baths ⋅ 261764 MLS

Tucked away in the Mill Ridge community at the base of Grandfather Mountain, this 2-bedroom, 1-bath mountain cabin packs a lot into its efficient 600 square feet. Located between Boone and Banner Elk, this property is a proven short-term rental with a strong income history, making it an excellent opportunity for investors or buyers looking for a personal getaway! The house is just a short walk from the Watauga River, known for some of the best trout fishing in the High Country. The Mill Ridge subdivision puts you between Boone and Banner Elk making this area a fantastic year-round destination. You’re 15 minutes from Sugar Mountain Resort and 30 minutes from Beech Mountain Resort for skiing and snowboarding, plus dining, shopping, and outdoor recreation in every direction. Whether you’re looking to expand your rental portfolio or searching for a low-maintenance mountain retreat in one of the High Country’s most convenient locations, this Mill Ridge property delivers proven performance and unbeatable access to the best of the North Carolina mountains. This home comes fully furnished!

141 Snowflake Road, Banner Elk

$375,000

2 Beds ⋅ 2 Baths ⋅ 261879 MLS

TURNKEY INVESTMENT PROPERTY OR SECOND HOME GETAWAY! Nestled among beautiful rock outcroppings and low-maintenance landscaping, this charming mountain retreat is a proven income-producing short-term rental with outstanding guest reviews and a turnkey opportunity for investors or those seeking a personal getaway. Being sold fully furnished, this updated 2-bedroom, 2-bath home is ready to enjoy from day one. Inside, you'll find a bright, open-concept living area designed for comfort and gathering. The beautifully updated kitchen features quartz countertops, new stainless steel appliances, and modern finishes throughout. A cozy ventless gas fireplace creates the perfect ambiance for cool mountain evenings, while the efficient mini-split HVAC system provides year-round comfort. Both bedrooms offer the privacy and convenience of ensuite bathrooms, making the home great for guests and family alike. Step outside to relax in the hot tub, unwind on the screened porch, or entertain on the spacious deck surrounded by the natural beauty of the mountains. Located in the highly desirable Mill Ridge community, owners and guests enjoy access to exceptional amenities, including a swimming pool, tennis courts, scenic hiking trails, and access to the Watauga River for some of the area's best trout fishing. Whether you're looking to expand your rental portfolio, generate vacation income, or find the serene mountain escape, this well-maintained and highly rated property offers the best of both worlds.The home is rented often on the weekends so weekday showings are encouraged. FaceTime or videos are also encouraged for investors who are unavailable during the week. Sample of Reviews: August 2026 Stayed with a pet Had an amazing stay! Was perfectly in between all the things we wanted to do and still felt like we were far away. Would highly recommend and definitely will be back! July 2026 Stayed with a pet This cabin was absolutely charming. It was so comfortable, and a great place to revive my soul. It was just right (sic) for reading a book on the deck in the morning and relaxing in the hot tub at night. The kitchen was well stocked and organized. I was able to cook all the meals I planned. The area is also fabulous. I was there in the summer so got some challenging runs in, an amazing hike, delicious food at nearby restaurants, and listened to lovely local music. It just felt like going home at this cabin. It was hard to leave.

408 Clubhouse Drive, Banner Elk

$324,900

2 Beds ⋅ 2 Baths ⋅ 260348 MLS

Tucked into the scenic beauty of the Blue Ridge Mountains of North Carolina, this inviting two-bedroom, two-bath mountain home offers the perfect blend of comfort, style, and investment potential. Located in the casual mountain community of Mill Ridge, the property captures the relaxed spirit of mountain living while providing access to sought-after amenities and outdoor recreation. Step inside to a spacious great room highlighted by soaring cathedral tongue-and-groove ceilings and an impressive stone fireplace that anchors the living space with warm mountain character. The newly remodeled kitchen features granite countertops, new appliances, and a clean, functional layout —ideal for entertaining or unwinding after a day outdoors. Recent updates include new luxury vinyl plank flooring throughout and refreshed bathrooms, giving the home a move-in-ready feel. Outside, an expansive open deck provides a front-row seat to sweeping valley and mountain views—perfect for morning coffee, evening sunsets, or gathering with friends. Mill Ridge residents enjoy a variety of amenities including a swimming pool, tennis courts, clubhouse, hiking trails, and direct access to the scenic Watauga River, well known for excellent trout fishing. With vacation rentals permitted, this mountain getaway offers flexibility as a full-time residence, second home, or income-producing investment—all within one of the most beautiful regions of the Blue Ridge. Monthly fee includes water, sewer roads, amenities.

131 Hemlock Road, Banner Elk

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”

Mill Ridge Homes under $400,000

Newest Mill Ridge Homes under $400,000

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