Tucked among the trees with a true treehouse feel, this charming roundhouse retreat in Mill Ridge captures the kind of mountain escape buyers are searching for—cozy, distinctive, and built for both enjoyment and income potential.
This 2-bedroom, 1-bath home stands out with its unique circular design and inviting interior, creating a warm, memorable space that guests love. Currently operating as a proven short-term rental, it offers strong appeal as a guest-favorite retreat with income potential and flexibility for personal use. Financials available upon request.
Inside, the efficient layout lives comfortably with a natural flow between living, dining, and kitchen spaces—great for unwinding after a day in the mountains. Large windows bring in natural light and reinforce that elevated, treehouse-like experience that photographs beautifully and keeps guests coming back.
Step outside to the wraparound deck and you’ll immediately see why outdoor living is the highlight—surrounded by woods and offering a tucked-away setting that’s hard to find. It’s a great spot for morning coffee, evening drinks, and seamless indoor–outdoor living.
Located in the amenity-rich Mill Ridge community with access to a pool, playground, and tennis courts, and just minutes to Sugar Mountain, Beech Mountain, Banner Elk dining, and Boone—plus endless hiking and outdoor adventure—this property is positioned for both personal enjoyment and consistent rental demand.
A low-maintenance, proven performer in one of the High Country’s most desirable areas—ready for immediate use, rental, or both.
For sale
Price cut: $5K (5/5)
$344,900
560 Laurel Ridge Road, Banner Elk, NC 28604
2beds
600sqft
Est.:
Single Family Residence
Built in 1973
5,227.2 Square Feet Lot
$321,100 Zestimate®
$575/sqft
$175/mo HOA
What's special
Tucked-away settingWraparound deckElevated treehouse-like experienceInviting interiorUnique circular design
- 54 days |
- 1,092 |
- 64 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Drake (828)262-1990,
RE/MAX Realty Group
Source: High Country AOR,MLS#: 260579
Originating MLS: High Country Association of Realtors Inc.
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Electric, Gas, Radiant, Wood
Cooling
- None
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Main Level
Features
- Basement: Partial
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 600
- Total interior livable area: 600 sqft
- Finished area above ground: 600
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Gravel, No Garage, Private
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Wrap Around
- Exterior features: Gravel Driveway
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 1888051529000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Dome
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Community/Coop Sewer
- Water: Community/Coop
- Utilities for property: High Speed Internet Available
Community & HOA
Community
- Subdivision: Mill Ridge
HOA
- Has HOA: Yes
- HOA fee: $175 monthly
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $575/sqft
- Tax assessed value: $160,100
- Annual tax amount: $509
- Date on market: 3/27/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Estimated market value
$321,100
$305,000 - $337,000
$1,439/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2026 | Price change | $344,900-1.4%$575/sqft |
Source: | ||
| 3/27/2026 | Listed for sale | $349,900-68.2%$583/sqft |
Source: | ||
| 6/23/2006 | Sold | $1,100,000$1,833/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $692 | $160,100 |
| 2023 | $692 +3.4% | $160,100 |
| 2022 | $669 +27% | $160,100 +62.2% |
| 2021 | $527 | $98,700 |
| 2020 | $527 | $98,700 |
| 2019 | $527 | $98,700 |
| 2018 | $527 +10.3% | $98,700 |
| 2017 | $478 +9% | $98,700 +10.5% |
| 2013 | $438 | $89,300 |
| 2012 | -- | $89,300 |
| 2011 | -- | $89,300 |
| 2010 | -- | $89,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Valle Crucis ElementaryGrades: PK-8Distance: 8.4 mi
- 8/10Watauga HighGrades: 9-12Distance: 8.3 mi
Schools provided by the listing agent
- Elementary: Valle Crucis
- High: Watauga
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Watauga County
- Banner Elk
- 28604
- 560 Laurel Ridge Road




