Introducing Cranberry Creek, a completed development purchase opportunity just outside Banner Elk, NC. The offering includes a showcase primary home, spacious guest home and 300 acres of pristine land. There are also five recorded ready-to-build homesites, 19 additional homesites with infrastructure completed to them, 6.58 acres of commercial property and an additional creekside guest home. Originally conceived as a planned community of less than 100 estate-sized homesites, Cranberry Creek offers a picturesque landscape topping out at over 4,000 feet of elevation to live in. With the highest quality infrastructure completed throughout, including gated entry, underground power and high-speed fiber optic, and miles of paved roads climbing to the ridgetop, all the heavy lifting has been done for you. Protective community covenants and an operating HOA are in place, with full Declarant Rights to the community passing to the new owner upon purchase as well as land plan for full development potential. Enjoy the property as it exists now or develop to your vision. There are also trails for hiking and a pavilion for gatherings. The six-bedroom five-bath primary home also offers 1,230 feet of living space above the over-sized garage. Rugged timbers, locally harvested stone and Siberian white oak flooring blend seamlessly with upgraded appliances and the best in modern technology, including home theater. Take in stunning long-range western views and picturesque sunsets from the sweeping deck with covered dining and massive stone fireplace. The guest home offers three bedrooms, four baths with primary suite on level entry and two guest bedrooms in the walk-out basement. The 6.58 acres of highly valuable creekside commercial property on Highway 194 is your chance to create the area's newest mixed-use development, a long-term lease investment property or a sales center. Call today for information and to schedule a personal tour of this phenomenal offering at Cranberry Creek.
Sold for $10,885,000 on 02/23/24
$10,885,000
680 Bear Paw Road, Elk Park, NC 28622
5beds
6,718sqft
Single Family Residence
Built in 2008
391 Acres Lot
$1,539,400 Zestimate®
$1,620/sqft
$5,749 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 26, 2024 at 05:49am
Listed by:
Derek Rowley (910)620-2978,
Premier Sotheby's International Realty- Banner Elk
Bought with:
Derek Rowley, 239658
Premier Sotheby's International Realty- Banner Elk
Source: High Country AOR,MLS#: 246502
Originating MLS: High Country Association of Realtors Inc.

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Radiant Floor
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Cathedral Ceiling(s), Furnished, Second Kitchen, Home Theater, Vaulted Ceiling(s), Window Treatments
- Windows: Double Hung, Single Hung, Single Pane, Storm Window(s), Window Treatments
- Basement: Full,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Three, Gas, Stone, Vented, Wood Burning, Propane
- Furnished: Yes
Interior area
- Total structure area: 7,220
- Total interior livable area: 6,718 sqft
- Finished area above ground: 4,634
- Finished area below ground: 2,084
Property
Parking
- Parking features: Asphalt, Attached, Basement, Driveway, Garage, Golf Cart Garage, Oversized, Paved, Private, Three or more Spaces, Shared Driveway
- Has attached garage: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Multiple, Open, Screened, Wrap Around
- Exterior features: Fire Pit, Storage, Paved Driveway
- Has view: Yes
- View description: Long Range, Mountain(s), Seasonal View, Trees/Woods, Southern Exposure
Lot
- Size: 391 Acres
Details
- Additional structures: Guest House, Gazebo
- Parcel number: 18280077782600000
- Zoning description: Business/Comm,Other-See Remarks,Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Cedar, Frame, Shake Siding, Stone, Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Architectural,Shingle
Condition
- Year built: 2008
Utilities & green energy
- Electric: Generator
- Sewer: Private Sewer, Septic Permit 5 or More Bedroom, Sewer Applied for Permit, Septic Tank
- Water: Private, Well
- Utilities for property: Cable Available, High Speed Internet Available, Septic Available
Community & neighborhood
Security
- Security features: Security System, Closed Circuit Camera(s)
Community
- Community features: Gated, Trails/Paths, Long Term Rental Allowed
Location
- Region: Elk Park
- Subdivision: Cranberry Creek Estates
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $3,000 annually
Other
Other facts
- Listing terms: Cash,Conventional,FHA,New Loan,USDA Loan,VA Loan
- Road surface type: Paved