442 Aldridge Road, Banner Elk, NC 28604

$1,499,999
3
BD
7
BA
5,005
SqFt
List Price
$1,499,999
MLS#
HCAOR-233165
Status
ACTIVE
County
Watauga
City
Banner Elk
Bedrooms
3
Bathrooms
7
Half-baths
2
Living Area
5,005
Acres
1
Property Subtype
Single Family Residence
Subtype Additional Info
Single Family Residence

Property Description

$240k Gross Revenue; $100k Cash Profit; 16% CAP; 14% ROI; Masterpiece TURNKEY RENTAL MACHINE. Furnished (minor exclusions). Each room crafted in different wood species by the High Country's premier woodworker as his personal residence; optimized with $250k+ improvements by current owner over 3yrs. Oversized bedrooms, 5 fireplaces, Chef's Kitchen, Hand-carved Dining for 15, Arched beams, Coffered ceilings, Slate fireplace Wine Bar. Teak soaking tub & Heated Floor in Primary Bedroom Sanctuary. Vaulted upstairs hosts 2 more en-suite bedrooms, guest room, open sitting/sleeping loft, & 3rd full bath. Downstairs: A magic kingdom with bunkroom, theater, wet bar, video & skee ball arcade, & patio room with mini-golf. Outside: 8-person Bluetooth Spa, Full Outdoor Kitchen, & Live Edge Veranda Dining silhouettes Hawk's Nest & Grandfather. Mtns, overlooking the valley & rare-species Japanese Maples. Handcrafted firepit and pond anchor the 45' waterfall. 1/3-acre above the waterfall provides play area & picnic ground. Owner runs a boutique rental property care company & would continue if desired. Final 2 photos show Rental Performance details. Proof provided under contract.

Additional Information

Days on Market
22
Year Built
2001
Style
Mountain
Stories
3
Interior Features
Wet Bar, Tray Ceiling(s), Jetted Tub, Home Theater
Cooling
Central Air, Heat Pump
Heating
Ductless, Electric, Forced Air, Fireplace(s), Gas, Heat Pump, Propane, Wood, Zoned
Exterior Features
Fence, Fire Pit, Hot Tub/Spa, Outdoor Grill, Outdoor Kitchen, Storage, Paved Driveway
Roof
Metal
Garage Spaces
1
Elementary School
Valle Crucis
High School
Watauga

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Allen Tate Real Estate.

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.”