340 Farm Loop Road, Banner Elk, NC 28604
Property image
Property image
OFF MARKET

$1,139,100

Trulia Estimate
  • 3 Beds
  • 3.5 Baths
  • 2,821 sqft (on 0.86 acres)

340 Farm Loop Road, Banner Elk, NC 28604

Est. Refi. Payment $6,308/mo*
Refinance Your Home
Currently Off Market - Sold Nov 15, 2024 for $1,075,000

Home Value

Trulia Estimate
$1.14M
Since last month
Decreased$2K (-0.2%)
Since last year
Increased$50K (+4.6%)
Since last sale
Increased$65K (+6.1%)
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 increased by +74% in the last 10 years
MonthEstimated value
2026
August 2026$1.14M
August 2026$1.14M
July 2026$1.14M
June 2026$1.12M
May 2026$1.1M
April 2026$1.08M
March 2026$1.09M
February 2026$1.08M
January 2026$1.09M
2025
2024
2023
2022
2021
2020
2019
2018

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
65 Laurel Rock Court, Banner Elk, NC
0.15
Single-Family Home
$865,000
07/23/26
3
3
2,403
184 Pasture Lane, Banner Elk, NC
0.42
Single-Family Home
$1,040,000
04/17/26
3
2.5
2,522
Lot 12 Elk Creek Drive, Banner Elk, NC
0.79
Single-Family Home
$1,257,000
11/25/25
3
3.5
3,272
297 Pasture Lane, Banner Elk, NC
0.56
Single-Family Home
$1,100,000
11/24/25
4
4
2,803
64 Hanging Rock Knoll Place, Banner Elk, NC
0.29
Single-Family Home
$2,700,000
04/09/26
4
4.5
3,629
337 Balsam Lane, Banner Elk, NC
0.43
Single-Family Home
$780,000
12/18/25
5
3
3,470
116 Mallard Court, Banner Elk, NC
0.63
Single-Family Home
$750,000
01/22/26
3
2.5
2,276
644 Running Bear Circle, Banner Elk, NC
0.68
Single-Family Home
$1,675,000
08/25/26
4
3.5
3,055
Lot 9 Running Bear Circle, Banner Elk, NC
0.73
Single-Family Home
$1,245,700
05/15/26
3
3.5
2,586
340 Balsam Lane, Beech Mountain, NC
0.40
Single-Family Home
$484,000
07/17/26
2
2
1,420

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
Lot 54A Farm Crest Court, Banner Elk, NC 28604
0.14
-
-
-
-
Off Market
Lot 10 Hemlock Court, Banner Elk, NC 28604
0.06
$90,000
-
-
-
Recently Sold
lot 17 Farm Loop Road, Banner Elk, NC 28604
0.07
$65,000
-
-
-
For Sale
253 Farm Loop Road, Banner Elk, NC 28604
0.11
$1,475,000
4
4
2,646
For Sale
210 Farm Loop Road, Banner Elk, NC 28604
0.13
$1,708,400
3
3.5
2,901
Off Market
65 Laurel Rock Court, Banner Elk, NC 28604
0.15
$865,000
3
3
2,403
Recently Sold
534 Farm Loop Road, Banner Elk, NC 28604
0.21
$3,450,000
4
4.5
4,260
For Sale
TBD Lot #46 Woodlily Drive, Banner Elk, NC 28604
0.29
$59,000
-
-
-
For Sale
Lot 35 Hanging Rock Knoll Place, Banner Elk, NC 28604
0.27
-
-
-
-
Off Market
50 Hanging Rock Knoll Place, Banner Elk, NC 28604
0.28
$1,127,400
4
4.5
3,596
Off Market
LOT B-39 Puddingstone Parkway, Banner Elk, NC 28604
0.31
$55,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 340 Farm Loop Road.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2003
0.86 acre lot
2,821 sqft
$404/sqft
Attached Garage
HOA $148/mo

About this House

Welcome to 340 Farm Loop Road, a stunning mountain retreat located within the gated community of The Farm at Banner Elk. This charming mountain cottage offers the perfect blend of privacy and convenience, perched among the picturesque landscapes of the Blue Ridge Mountains. Situated on a spacious lot, this custom-built home features high-end finishes and modern amenities throughout. The open concept living area boasts vaulted ceilings, hardwood floors, and a stone fireplace, creating a warm and inviting atmosphere for entertaining guests or simply relaxing. The gourmet kitchen is a chef's dream, with top-of-the-line appliances, granite countertops, and a large island for meal prep and casual dining. The primary suite is a true retreat with its spa-like bath, oversized closet and private access to the open and covered deck overlooking the lush surroundings. Two additional bedrooms provide plenty of space for family and guests, while a bonus room offers versatile options for a home office, gym, or media room. There is approximately 1,602 square feet of unfinished space at the basement level with endless opportunities for additional space. The expansive decking on both the front and back of the home, overlooking the well-maintained grounds and yard space, offers additional outdoor living space. The Farm at Banner Elk offers residents access to a wealth of park-like amenities, such as streams, stocked trout ponds, trails and an outdoor pavilion with a fireplace. Just minutes from downtown Banner Elk, you'll have easy access to shopping, dining, and outdoor recreation opportunities throughout the year. Don't miss your opportunity to own a piece of mountain paradise at 340 Farm Loop Road. Schedule a showing today and discover the luxury and lifestyle this exceptional property has to offer. Note: There is a discrepancy between tax square footage and actual measurements. Home inspection and repair list is available with disclosures.
340 Farm Loop Road, Banner Elk, NC 28604 is a 3 bedroom, 4 bathroom, 2,821 sqft single-family home built in 2003. It last sold for $1,075,000 on Nov 15, 2024 (10% below the $1,195,000 asking price). More recently, it was listed as a rental in September 2023 with an asking price of $6,500 per month. That rental listing was removed on October 5, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,139,100, with a rent estimate of $3,765/month.
Last check for updates: about 20 hours ago
Listed by Sarah Whitfield, (828) 260-2929
Premier Sotheby's International Realty- Banner Elk
Bought with: Sarah Whitfield, (828) 260-2929, Premier Sotheby's International Realty- Banner Elk
Originating MLS: High Country Association of Realtors Inc.
Source: High Country AOR, MLS#248256

Home Details for 340 Farm Loop Road

Interior Features

Interior Details
Basement: Crawl Space,Unfinished,Walk-Out Access
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2821 Square Feet
Appliances & Utilities
Utilities: High Speed Internet AvailableAppliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, WasherDishwasherDisposalDryerLaundry: Main LevelWasher
Heating & Cooling
Heating: Forced Air,Fireplace(s),PropaneHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: One, PropaneHas a Fireplace
Windows, Doors, Floors & Walls
Window: Window Treatments
Levels, Entrance, & Accessibility
Stories: 3Number of Stories: 3Levels: Three Or More
Security
Security: Security System

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Covered, Multiple, OpenFoundation: Basement
Parking & Garage
Has a GarageHas an Attached GarageHas Open ParkingParking: Asphalt,Attached,Driveway,Garage
Frontage
Waterfront: PondRoad Frontage: Private RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Septic Permit 3 Bedroom
Finished Area
Finished Area (above surface): 2821 Square Feet

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Mountain
Building
Construction Materials: Stone, Wood Siding, Wood FrameDoes Not Include Home Warranty
Property Information
Parcel Number: 18580768575800000

Price & Status

Price
List Price: $1,195,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Banner ElkCommunity: The Farm At Banner Elk
School Information
Elementary School: Banner ElkHigh School: Avery County

Building

Building Area
Building Area: 4423 Square Feet

Community

Community Features: Gated, Long Term Rental Allowed, Short Term Rental Allowed

HOA

Association for this Listing: High Country Association of Realtors Inc.Has an HOAHOA Fee: $1,775/Annually

Lot Information

Lot Area: 0.86 acres

Offer

Listing Terms: Cash, Conventional, New Loan

Miscellaneous

BasementMls Number: 248256Living Area Range Units: Square FeetAttribution Contact: (828) 260-2929Above Grade Unfinished Area: 2821Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area: 1602Below Grade Unfinished Area Units: Square FeetUniversal Property Id: US-37011-N-18580768575800000-R-N

Additional Information

GatedLong Term Rental AllowedShort Term Rental AllowedDays On Market Replication: 254

Price and Tax history

DateEventPrice
Nov 15, 2024
Source: High Country AOR #248256
Sold
$1,075,000
Sep 18, 2024
Source: High Country AOR #248256
Contingent
$1,195,000
Sep 5, 2024
Source: High Country AOR #248256
PriceChange
$1,195,000
Price decreased by 7%
Jul 26, 2024
Source: High Country AOR #248256
PendingToActive
$1,290,000
Jul 19, 2024
Source: High Country AOR #248256
Contingent
$1,290,000

Market trends in Banner Elk

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$634K
Sale-to-List Price
—
Price per sq ft
$386
Available listings
178
2MoM

Around this home

What Locals Say about Banner Elk

At least 28 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 87 % Say parking is easy

  • 84 % Say there's wildlife

  • 83 % Say there's holiday spirit

  • 76 % Say yards are well-kept

  • 71 % Say people would walk alone at night

  • 71 % Say it's quiet

  • 67 % Say it's dog friendly

  • 67 % Say they plan to stay for at least 5 years

  • 54 % Say kids play outside

  • 52 % Say neighbors are friendly

  • 50 % Say streets are well-lit

  • 40 % Say there are community events

  • 33 % Say it's walkable to restaurants

  • 29 % Say there are sidewalks

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Dslarson1983
    "Valle Crucis park is great for the family! There are great play areas for kids, walking paths, and fishing right on the Watauga River. There are great Mast General Store is an awesome place to visit with the family. There is a great beaf jerky shop nearby as well in Valle Crucis. There are 3 ski resorts within striking distance, plus lots of hiking. "
    0
    Flag
  • Emma N.
    "Lived in the area most my life. Called the closest place to heaven. No longer the same like to visit on occasion but no longer a place I would live. "
    0
    Flag
  • James Behan
    "We love the rural community, the people are friendly, lots of farms, beautiful in all seasons , you need to like mountain roads"
    1
    Flag
  • Suzie S.
    "Great area if you dont have to drive & you can afford it. Mostly students, retirees, tourists, contruction workers, loggers, and wealthy 4th homes. Over 3,000 short-term rentals. No place for service workers to live. Very congested with roadwork and tourists in the summer. Nice weather, but it pretends to be the Aspen of Dixie. Housing is same cost as California, but no jobs."
    3
    Flag
  • Suzie S.
    "I have seen the High Country change tremendously since 2010. Itt saddens me that we cater mostly to tourists & so many summer residents are incredibly rude. No housing for middle income. It is a huge issue. Beautiful views & weather despite Mack trucks, Loggers, and constant roadwork & traffic. If you are uber wealthy & don't have to commute or work, it is the bees knees as any place would be."
    2
    Flag
  • Ambur F.
    "We have block parties on every 4th of July. They have things for adults and children. I also know all my neighbors by their first names. "
    0
    Flag
  • Cindyduckworth
    "we have a pool and great neighborhood the people are very friendly and everyone has a pet . I hope to get to know everyone better."
    0
    Flag
  • Melinda_kolar
    "Great schools & colleges, amazing neighborhoods and very family oriented & pet friendly. It’s an incredible place to live."
    2
    Flag
  • Greeneyedgirl0027
    "We have block parties on major holidays. With food drinks and games for kids including face painting."
    0
    Flag
  • Kjbutchko
    "I see a lot of dog friendly venues. People are dining outside with their fur babies. Many services for pets - groomers, vets, pet supply stores. I have not seen any dog parks."
    0
    Flag
  • Greeneyedgirl0027
    "There is a lot of grass and hills for the dogs to have fun on and sniff. The only downside is it's a busy street and dogs can easily be hurt by oncoming traffic."
    0
    Flag
  • Acutabove
    "I have lived in my neighborhood for almost 18 years and find it quiet and friendly. We are close to 105 therefore are close to all amenities in the High Country."
    1
    Flag
  • Sonhamby
    "I have lived at my address for 8+years! It is truly amazing. Summer is awesome here! Winter is brutal!"
    4
    Flag
  • Dmtvbh
    "We love the nice cool weather, and everyone we have met have been completely amazing and helpful in any way! We walk to the park daily with our 4yr old and our dog it’s so beautiful!! "
    14
    Flag
  • russellfamilyhk
    "We have a second home in Chestnut Falls and absolutely love it.....great area to get away from it all but still be accessible. Love it."
    0
    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 340 Farm Loop Road

  • What is 340 Farm Loop Road estimated to be worth?
    Trulia's estimated value for 340 Farm Loop Road in Banner Elk, NC is $1,139,100.
  • What is the price history for 340 Farm Loop Road?
    340 Farm Loop Road in Banner Elk, NC last sold for $1,075,000 in November 2024.
  • 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 $634K.
  • Does 340 Farm Loop Road have air conditioning?
    Yes, 340 Farm Loop Road in Banner Elk, NC has air conditioning.
  • Does 340 Farm Loop Road have laundry facilities?
    Yes, 340 Farm Loop Road in Banner Elk, NC has in-unit laundry.

Explore by feature - Pet Friendly

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Off Market Homes Near 340 Farm Loop Road

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