680 Bear Paw Road, Elk Park, NC 28622

$10,885,000
5
BD
5
BA
6,718
SqFt

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Sold Price
$10,885,000
List Price
$11,885,000
Days on Market
9
Closing Date
Feb 23, 2024
Status
CLOSED
Type
Single Family Residential
MLS#
246502
County
Avery
City
Elk Park
Bedrooms
5
Bathrooms
5
Half-baths
1
Total Living Area
6,718
Acres
391
Subdivision
Cranberry Creek Estates
Year Built
2008

Property Description

Introducing Cranberry Creek, a completed development purchase opportunity just outside Banner Elk, NC. The offering includes a showcase primary home, spacious guest home and 300 acres of pristine land. There are also five recorded ready-to-build homesites, 19 additional homesites with infrastructure completed to them, 6.58 acres of commercial property and an additional creekside guest home. Originally conceived as a planned community of less than 100 estate-sized homesites, Cranberry Creek offers a picturesque landscape topping out at over 4,000 feet of elevation to live in. With the highest quality infrastructure completed throughout, including gated entry, underground power and high-speed fiber optic, and miles of paved roads climbing to the ridgetop, all the heavy lifting has been done for you. Protective community covenants and an operating HOA are in place, with full Declarant Rights to the community passing to the new owner upon purchase as well as land plan for full development potential. Enjoy the property as it exists now or develop to your vision. There are also trails for hiking and a pavilion for gatherings. The six-bedroom five-bath primary home also offers 1,230 feet of living space above the over-sized garage. Rugged timbers, locally harvested stone and Siberian white oak flooring blend seamlessly with upgraded appliances and the best in modern technology, including home theater. Take in stunning long-range western views and picturesque sunsets from the sweeping deck with covered dining and massive stone fireplace. The guest home offers three bedrooms, four baths with primary suite on level entry and two guest bedrooms in the walk-out basement. The 6.58 acres of highly valuable creekside commercial property on Highway 194 is your chance to create the area's newest mixed-use development, a long-term lease investment property or a sales center. Call today for information and to schedule a personal tour of this phenomenal offering at Cranberry Creek.

Additional Information

Exterior Amenities
Fire Pit, Storage, Paved Driveway
Interior Amenities
Cathedral Ceiling(s), Furnished, Second Kitchen, Home Theater, Vaulted Ceiling(s), Window Treatments
Appliances
Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
Basement
Full, Walk-Out Access
Fireplace
Three, Gas, Stone, Vented, Wood Burning, Propane
Garage
Asphalt, Attached, Basement, Driveway, Garage, Golf Cart Garage, Oversized, Paved, Private, ThreeormoreSpaces, Shared Driveway
Heating
Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Radiant Floor
Road
Paved
Roof
Architectural, Shingle
Elementary School
Freedom Trail
Middle School
Cranberry
High School
Avery County
Sewer
Private Sewer, SepticPermit5orMoreBedroom, SewerAppliedforPermit, Septic Tank
Style
Mountain
Windows
Double Hung, Single Hung, Single Pane, Storm Window(s), Window Treatments
View
Long Range, Mountain(s), Seasonal View, Trees/Woods, Southern Exposure
Water Source
Private, Well
Zoning
Business/Comm, Other-See Remarks, Residential

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Calculator source: Real Geeks

This Listing is courtesy of Derek Rowley with Premier Sotheby's International Realty- Banner Elk. (910) 620-2978

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.”