132 Grassy Gap Loop Road, Banner Elk, NC 28604
Property image
Property image
SOLD
SEP 25, 2026

$1,960,100

Trulia Estimate
  • 5 Beds
  • 4 Baths
  • 4,347 sqft (on 1.28 acres)

132 Grassy Gap Loop Road, Banner Elk, NC 28604

Est. Refi. Payment $11,581/mo*
Refinance Your Home
Currently Off Market - Sold Sep 25, 2026 for $1,775,000 (15% below list price)

Home Value

Trulia Estimate
$1.96M
Since last month
$400 (0%)
Since last year
Decreased$208K (-9.6%)
Since last sale
Increased$180K (+10.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -10% in the last 10 years
MonthEstimated value
2026
September 2026$1.96M
August 2026$1.96M
July 2026$1.96M
June 2026$2.16M

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
140 Mariah Circle, Banner Elk, NC
0.42
Single-Family Home
$1,480,000
08/26/26
5
4.5
6,275
106 Hilltop Road, Banner Elk, NC
0.07
Single-Family Home
$920,000
10/08/25
5
3.5
2,288
110 Pinnacle Ridge Road, Banner Elk, NC
0.45
Single-Family Home
$1,625,000
08/14/26
5
4.5
4,232
216 Lake (+ 2 lots) Road, Banner Elk, NC
0.36
Single-Family Home
$480,000
05/28/26
5
4
3,138
104 Northridge Road, Banner Elk, NC
0.27
Single-Family Home
$1,035,000
02/20/26
5
4
3,387
110 Hilltop Road, Banner Elk, NC
0.07
Single-Family Home
$1,021,000
07/02/26
3
3
2,710
109 W Shamrock Lane, Beech Mountain, NC
0.74
Single-Family Home
$2,155,000
05/20/26
5
5.5
4,917
1310 Beech Mountain Parkway, Banner Elk, NC
0.24
Single-Family Home
$605,000
09/16/26
4
4
2,470
109 Old Field Road, Banner Elk, NC
0.13
Single-Family Home
$622,500
11/12/25
3
3
2,441

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
106 Hilltop Road, Banner Elk, NC 28604
0.07
$916,700
5
3.5
2,288
Off Market
110 Hilltop Road, Banner Elk, NC 28604
0.07
$1,021,000
3
3
2,710
Recently Sold
159 Chestnut Way, Banner Elk, NC 28604
0.06
-
-
-
-
Off Market
109 Old Field Road, Banner Elk, NC 28604
0.13
$620,200
3
3
2,441
Off Market
143 Grassy Gap Loop Road, Banner Elk, NC 28604
0.10
$759,100
4
4
1,970
Off Market
210 Pine Ridge Road, Banner Elk, NC 28604
0.13
-
-
-
-
Off Market
107 Grassy Gap Loop Road, Banner Elk, NC 28604
0.19
$650,000
4
3
1,961
For Sale
208 Pine Ridge Road, Banner Elk, NC 28604
0.15
-
-
-
-
Off Market
105 Old Field Road, Banner Elk, NC 28604
0.17
$666,900
3
3
1,787
Off Market
139 Chestnut Way, Banner Elk, NC 28604
0.18
-
-
-
-
Off Market
214 Lakeledge Road, Banner Elk, NC 28604
0.15
$595,000
2
3
1,554
For Sale

Local Information

  • Map ViewExplore the area around 132 Grassy Gap Loop Road.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2004
1.28 acre lot
4,347 sqft
$408/sqft
Garage

About this House

What's unique:Paved drivewayBreathtaking northeast mountain sunrisesHeated garagesWood flooringRustic interiorWaterford chandelier
HUGE PRICE IMPROVEMENT! PRIMO LOCATION! Welcome home to the “O’Connell Estate”—a rare opportunity to own a beautiful HIGH-END CUSTOM-BUILT mountain home in one of the most coveted locations on Beech Mountain. This IS the "sweet spot" on the mountain where properties in this area seldom hit the market and very few of them offer this extraordinary combination of MULTI-STATE LONG-RANGE & GOLF COURSE VIEWS + DIRECT ACCESS to the prestigious Beech Mountain Golf Course. This architectural masterpiece offers 5 BEDROOMS - 3 FULL BATHS plus two 1/2 baths featuring LEVEL-ENTRY on 1.28 acres (two lots) with a paved driveway and TWO garages. This is the ONLY home currently available that delivers this caliber of views and a centralized location on the mountain. "O'Connell Estate" offers 4,347 sq ft of finished living area PLUS an additional 2,255 sq ft of HEATED basement (total of 6,602 sq ft) where you could create a game room, gym, home theater or anything you envision! The main level offers effortless living and an open floor plan with direct access to the expansive covered deck, where breathtaking Northeast mountain sunrises become part of your everyday lifestyle. The rustic interior features 150-year-old reclaimed beams, wood flooring plus a floor to ceiling stone gas-log fireplace, stereo surround sound and a spacious dining area. The kitchen is a chef's dream with granite countertops & backsplash, 2 ovens, a large walk in pantry and a custom-built center island accommodating 6 comfortably. The primary bedroom suite has a spa-like bathroom with heated tile floors, a Waterford chandelier, his/her sinks, walk-in shower and custom cabinetry. There is a 1/2 bath for guests which also has a petite Waterford chandelier. The lower level is an entertainer’s dream, featuring a second family room with gas-log fireplace, 4 guest bedrooms (1 is currently being used as an office) and 2 full baths ideal for visiting family & friends. Your guests can also enjoy the views from their private covered deck. Venture down to the 3rd level where the heated basement has a workshop, storage, 1/2 bath and garage. Other amenities include a dedicated laundry room on main level, CENTRAL A/C (main level), NEW ROOF (2025) & Kohler whole-home generator, heated garages, humidifier and Trex decking (upper deck). The Beech Mountain club membership is current (a $35,000 value) and transfers to buyer at closing granting access to member-only amenities, including FINE DINING, championship golf, an outdoor swimming pool, a fully equipped fitness center & pickleball/tennis courts. Simply put, you will not find a better-built home on Beech Mountain that has this location, these views and this level of unmatched craftsmanship—than the O’Connell Estate. Come see for yourself why this is a home your family will cherish for generations to come.
132 Grassy Gap Loop Road, Banner Elk, NC 28604 is a 5 bedroom, 5 bathroom, 4,347 sqft single-family home built in 2004. It last sold for $1,775,000 on Sep 25, 2026 (15% below the $2,100,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,960,100, with a rent estimate of $4,420/month.
Last check for updates: 32 minutes ago
Listed by Cindy Giarrusso, (828) 964-2896
Blue Ridge Realty & Investment
Bought with: Cindy Giarrusso, (828) 964-2896, Blue Ridge Realty & Investment
Originating MLS: High Country Association of Realtors Inc.
Source: High Country AOR, MLS#262386

Home Details for 132 Grassy Gap Loop Road

Interior Features

Interior Details
Basement: Crawl Space,Exterior EntryWet Bar
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 3Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 4347 Square Feet
Appliances & Utilities
Utilities: High Speed Internet AvailableAppliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Microwave Hood Fan, Microwave, Refrigerator, WasherDishwasherDryerLaundry: Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Fireplace(s),PropaneHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Two, Gas, Stone, Vented, PropaneHas a Fireplace
Gas & Electric
Electric: Generator
Windows, Doors, Floors & Walls
Window: Window Treatments
Levels, Entrance, & Accessibility
Stories: 3Number of Stories: 3Levels: Three Or More
View
Has a ViewView: Golf Course, Long Range

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Composite, Covered, Multiple, OpenExterior: Paved Driveway
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageNo Attached GarageHas Open ParkingParking Spaces: 1Parking: Driveway,Garage,One Car Garage,Two Car Garage,Other,Paved,Private,See Remarks
Pool
Pool: Community
Frontage
Responsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2092 Square FeetFinished Area (below surface): 2255 Square Feet

Property Information

Year Built
Year Built: 2004
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Mountain,Traditional
Building
Construction Materials: Fiber Cement, Stone, Stucco, Wood FrameDoes Not Include Home Warranty
Property Information
Parcel Number: 1940967616000

Price & Status

Price
List Price: $2,100,000Price Per Sqft: $408/sqft

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: Beech MountainCommunity: Grassy Gap Golf Course
School Information
Elementary School: Valle CrucisHigh School: Watauga

Building

Building Area
Building Area: 7198 Square Feet
Community rooms
Fitness Center

Community

Community Features: Club Membership Available, Dog Park, Fitness Center, Golf, Lake, Pickleball, Pool, Skiing, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed

HOA

Association for this Listing: High Country Association of Realtors Inc.No HOA

Lot Information

Lot Area: 1.28 Acres

Offer

Listing Terms: Cash, Conventional, New Loan

Miscellaneous

BasementMls Number: 262386Living Area Range Units: Square FeetAbove Grade Unfinished Area: 2092Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area: 3447Below Grade Unfinished Area Units: Square FeetUniversal Property Id: US-37189-N-1940967616000-R-N

Additional Information

Club Membership AvailableDog ParkGolfLakePickleballPoolSkiingTennis Court(s)Trails/PathsLong Term Rental AllowedShort Term Rental AllowedDays On Market Replication: 106

Price and Tax history

DateEventPrice
Sep 25, 2026
Source: High Country AOR #262386
Sold
$1,775,000
Jul 29, 2026
Source: High Country AOR #262386
Contingent
$2,100,000
Jul 11, 2026
Source: High Country AOR #262386
PriceChange
$2,100,000
Price decreased by 9%
Jun 11, 2026
Source: High Country AOR #262386
Listed For Sale
$2,300,000

Market trends in Beech Mountain

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$407K
$21.67KMoM
Sale-to-List Price
—
Price per sq ft
$282
$5MoM
Available listings
135
16MoM

Around this home

What Locals Say about Beech Mountain

At least 12 Trulia users voted on each feature.

  • 100 % Say it's quiet

  • 100 % Say there's wildlife

  • 92 % Say car is needed

  • 88 % Say it's dog friendly

  • 87 % Say parking is easy

  • 77 % Say they plan to stay for at least 5 years

  • 75 % Say yards are well-kept

  • 68 % Say people would walk alone at night

  • 65 % Say there's holiday spirit

  • 60 % Say neighbors are friendly

  • 57 % Say there are community events

  • 47 % Say it's walkable to restaurants

  • 38 % Say kids play outside

  • 13 % Say streets are well-lit

  • 11 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Lj The Raccoon
    "Its a great place go live with lots of vegitation. not alot of places to eat or buy groceries on the mountain."
    0
    Flag
  • Michelle Cavallaro Lattke
    "Beautiful mountain town with summer hiking and winter skiing. Rural and requires 4 wheel drive for year round access. But the views are epic!"
    0
    Flag
  • Tammy
    "Great holiday spirit, summer and winter activities. There is a really nice dog park too for pet lovers. "
    0
    Flag
  • Trulia User
    "The amazing mountain, land of Oz, Beech Mountain Resort and Club. There’s something for everyone. Skiing, hiking, golf, Tennis, and much much more"
    3
    Flag
  • Millerskennel3
    "Small town, family feel, most folks know the permanent residents.... wholesome environment. There are outdoor activities and the high country offers a diverse balance of most types of activities and sports. "
    0
    Flag
  • Danddharris66
    "We've had home here for over two years and love it. A lot of community activities, great people, and beautiful scenery. "
    1
    Flag
  • Jbgardner
    "We have a vacation home on Beech Mountain. This is a ski and golf resort with cool summer temps and beautiful winter snows, great hiking trails and mountain biking."
    3
    Flag
  • mur68
    "It is a great area to relax and play some golf. Number of courses nearby. "
    0
    Flag
  • Dirtman1993
    "Have been in the area and vacationed here for years. Great rental if wish to as home was reserved for the entire first summer. Let the renters buy your vacation home. Christmas is the best on Beech "
    3
    Flag
  • Jim B.
    "Great location - high altitude, one block to main road, Ski Area & Mtn Bike Park, 5 blocks to Club recreation park - without traffic & noise of other neighborhoods. "
    2
    Flag

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Frequently asked questions about 132 Grassy Gap Loop Road

  • What is 132 Grassy Gap Loop Road estimated to be worth?
    Trulia's estimated value for 132 Grassy Gap Loop Road in Banner Elk, NC is $1,960,100.
  • What is the price history for 132 Grassy Gap Loop Road?
    132 Grassy Gap Loop Road in Banner Elk, NC last sold for $1,775,000 in September 2026.
  • Is Banner Elk a buyer's or seller's market?
    Banner Elk is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Banner Elk?
    The median sale price in Banner Elk is $407K. That is down $21.67K from the prior month.
  • Does 132 Grassy Gap Loop Road have air conditioning?
    Yes, 132 Grassy Gap Loop Road in Banner Elk, NC has air conditioning.
  • Does 132 Grassy Gap Loop Road have a pool?
    Yes, 132 Grassy Gap Loop Road in Banner Elk, NC has a pool.

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