577 Parallel Rd, Banner Elk, NC 28604
OFF MARKET

577 Parallel Rd
Banner Elk, NC 28604

  • 3 Beds
  • 2 Baths
  • 1,680 sqft (on 2.59 acres)

$453,800

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,532/mo*
Refinance Your Home

$453,800

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $2,532/mo*
Refinance Your Home
3 Beds
2 Baths
1,680 sqft
(on 2.59 acres)

Home Value

Trulia Estimate
$454K
Since last month
Decreased$11K (-2.4%)
Since last year
Increased$32K (+7.5%)
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 +126% in the last 10 years
MonthEstimated value
2026
August 2026$455K
July 2026$459K
June 2026$467K
May 2026$462K
April 2026$427K
March 2026$432K
February 2026$405K
January 2026$412K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
5349 Hickory Nut Gap Road, Banner Elk, NC
0.58
Single-Family Home
$570,000
11/21/25
2
2
1,290
31 Red Fox Lane, Beech Mountain, NC
0.89
Single-Family Home
$490,000
12/04/25
3
2
919
665 Raven Ridge Road, Banner Elk, NC
0.46
Single-Family Home
$1,500,000
12/09/25
3
4
4,031
514 Raven Ridge Road, Banner Elk, NC
0.35
Single-Family Home
$1,750,000
10/06/25
3
4.5
6,574
2110 Elk River Parkway, Banner Elk, NC
0.87
Single-Family Home
$2,775,000
07/31/26
4
3.5
4,731
97 Summit Ledges Ln, Banner Elk, NC
0.73
Single-Family Home
$3,000,000
04/17/26
4
5.5
3,569
4966 Hickory Nut Gap Road, Banner Elk, NC
0.80
Single-Family Home
$920,000
06/23/26
4
5.5
3,841
498 Wren Way, Beech Mountain, NC
0.69
Single-Family Home
$2,400,000
11/04/25
4
5.5
5,249
87 Cabin Cove Lane, Banner Elk, NC
1.00
Single-Family Home
$450,000
10/07/25
2
2
1,295
11 Cabin Cove Lane, Banner Elk, NC
1.11
Single-Family Home
$589,000
08/12/26
3
2
1,904

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
514 Raven Ridge Road, Banner Elk, NC 28604
0.35
$2,112,100
3
4.5
6,574
Off Market
--- Parallel Road, Banner Elk, NC 28604
0.39
-
-
-
-
Off Market
92A Wren Way, Banner Elk, NC 28604
0.43
$150,000
-
-
-
For Sale
Lot 67 Bluejay Court, Banner Elk, NC 28604
0.43
$75,000
-
-
-
For Sale
Lot 85 Wren Way, Banner Elk, NC 28604
0.44
$104,500
-
-
-
For Sale
Lot 52 Raven Ridge Road, Banner Elk, NC 28604
0.45
$115,000
-
-
-
For Sale
665 Raven Ridge Road, Banner Elk, NC 28604
0.46
$1,500,000
3
4
4,031
Recently Sold
124 Elk River Parkway, Banner Elk, NC 28604
0.48
-
-
-
-
Off Market
95 Wren Way, Banner Elk, NC 28604
0.49
-
-
-
-
Off Market
5608 Hickory Nut Gap Road, Banner Elk, NC 28604
0.52
$660,500
4
3
2,126
Off Market
424 Elk River Parkway, Banner Elk, NC 28604
0.50
$2,993,100
5
5.5
4,509
Off Market
346 Wren Way, Banner Elk, NC 28604
0.52
$2,900,000
4
3.5
3,400
For Sale

Local Information

  • Map ViewExplore the area around 577 Parallel Rd.
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Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2006
Lot Size
2.59 acres
Living Area
1,680 sqft
Price/Sqft
$270

About this House

This single-family home is located at 577 Parallel Rd, Banner Elk, NC. 577 Parallel Rd is in Banner Elk, NC and in ZIP code 28604. This property has 3 bedrooms, 2 bathrooms and approximately 1,680 sqft of floor space. This property has a lot size of 2.59 acres and was built in 2006.
577 Parallel Rd, Banner Elk, NC 28604 is a 3 bedroom, 2 bathroom, 1,680 sqft single-family home built in 2006. It is currently off market. The Trulia Estimate is $453,800, with a rent estimate of $2,554/month.

Home Details for 577 Parallel Rd

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Floors: Other, Carpet, Linoleum Vinyl

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: OtherFoundation Type: Footing

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 2.59 acres

Price and Tax history

YearProperty taxTax assessment
2025
$923
$230,700
Home facts updated by county records

Market trends in Banner Elk

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
176
4MoM
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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. "
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  • 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. "
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  • 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
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  • 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."
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  • Melinda_kolar
    "Great schools & colleges, amazing neighborhoods and very family oriented & pet friendly. It’s an incredible place to live."
    2
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  • Greeneyedgirl0027
    "We have block parties on major holidays. With food drinks and games for kids including face painting."
    0
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  • 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."
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  • 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."
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  • 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
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  • Sonhamby
    "I have lived at my address for 8+years! It is truly amazing. Summer is awesome here! Winter is brutal!"
    4
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  • 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
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9 rentals with a washer/dryer in Banner Elk, NC

Homes for sale near 577 Parallel Rd

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Off Market Homes Near 577 Parallel Rd

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Frequently asked questions about 577 Parallel Rd

  • What is 577 Parallel Rd estimated to be worth?
    Trulia's estimated value for 577 Parallel Rd in Banner Elk, NC is $453,800.
  • 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 do residents say about Banner Elk?
    Residents describe Banner Elk, NC as easy to park in, well-kept, and quiet. Most residents say you need a car. See recently sold homes in Banner Elk, NC.
  • What are the closest schools to 577 Parallel Rd?
    The closest schools to 577 Parallel Rd in Banner Elk, NC are Avery County High School (rated 3/10), Avery Middle (rated 2/10), Banner Elk Elementary School (Pre-K, rated 8/10).
  • Does 577 Parallel Rd have air conditioning?
    Yes, 577 Parallel Rd in Banner Elk, NC has air conditioning.
  • How big is the lot at 577 Parallel Rd?
    The lot at 577 Parallel Rd in Banner Elk, NC is about 2.6 acres.