774 Aldridge Road, Banner Elk, NC 28604 (MLS # 259141)

Save to Favorites
Print
Share
PRICE $3,850,000 dsIDX morgage calculator
BEDS 7
BATHS 7
HOME SIZE 6,628 sqft
LOT SIZE 17.65 ac

An exciting new chapter has been written for the High Country's Hemingway Estate. Magnificent, upscale total house transformation for this ridge top estate with almost 18 acres, panoramic long range mountain views and convenient location.  Sellers smartly chose to pay high cost for recently changing 4 BR septic field to 7 BR septic operating permit for this impressive 6600+ sq.ft. 7 BR, 6.5 BA practically new residence...this greatly increased value and expanded high grossing rental marketability by unlocking the Hemingway Estate's full capacity and establishing it as one of the rare large-group accommodations in the NC High Country. Rental income has escalated in two years with projections of $400K plus this year and it's no wonder that vacationers are paying high fees to enjoy this incredible estate - gutted, rebuilt, large chef's kitchen with seating for 16 has two spacious living rooms with fireplaces on either side of kitchen, all new bathrooms, remodeled bedrooms, luxury vinyl plank flooring, lower level converted to include private cinema, dedicated game room, two more bedrooms, second laundry, 2.5 baths. Updated mechanicals includes new HVAC, tankless water heaters. Front yard has courtyard adjoining koi pond with 65 ft. cascading landscape waterfall. Private setting offers exclusivity, peace and quiet. Not in a subdivision - no restrictive covenants - no POA. Important value is added to this estate with the lower section of the 18+/- acres that can be easily subdivided into several gentle building sites with state road frontage - build more rental cabins or create a larger family compound. Continue with rentals to offset some expenses or preserve some/all of the time for comfort and enjoyment for you and your extended family and friends. Popular rental for wedding guests, family or college reunions, multi-generational vacations, corporate retreats, football weekends. Abundant natural light flows throughout from the many large windows creating uplifting interiors throughout.  Elegant primary BR suite on main floor has fireplace, sitting areas, long range mountain views, luxurious spa bath. Fantastic game room for kids of all ages with home theater, video gaming room nook, poker/game table, foosball, air hockey, pinball and MORE! Four fireplaces, two laundry rooms. Turnkey estate is fully furnished and completely outfitted for rentals. Outdoor spa hot tub retreat on secluded covered porch adjoins cozy outdoor seating. Retreat to Hemingway Estate with convenient access to Boone, Banner Elk, Parkway, Blowing Rock. Ski, snowboard, hike, bike, golf, fish - all close by. No drive-bys. Shown by appointment only. Do not disturb vacation renters. Property is popular rental with heavy bookings - can only be shown when property is not rented. Heavy bookings on long weekends and full weeks.

DAYS ON MARKET 138 LAST UPDATED 11/28/2025
TRACT None YEAR BUILT 1976
COMMUNITY 5-Watauga, Shawneehaw COUNTY Watauga
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Valle Crucis
Jr. High School None
High School Watauga


ADDITIONAL DETAILS
AIR Central Air, Heat Pump, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Double Oven, Dryer, Electric Water Heater, Exhaust Fan, Gas Range, Oven, Refrigerator, Tankless Water Heater, Washer, Water Heater
AREA 5-Watauga, Shawneehaw
BASEMENT Exterior Entry, Finished, Interior Entry, Walk-Out Access, Yes
CONSTRUCTION Frame, Shake Siding, Stone, Wood Siding
EXTERIOR Fire Pit, Storage
FIREPLACE Yes
HEAT Electric, Exhaust Fan, Fireplace(s), Heat Pump, Zoned
INTERIOR Cathedral Ceiling(s), High Speed Internet, Vaulted Ceiling(s)
LOT 17.649 acre(s)
LOT DESCRIPTION Waterfall
LOT DIMENSIONS 17.649
PARKING Paved, Asphalt, Driveway, No Garage, Private
SEWER Septic Tank
STORIES 2
STYLE Contemporary, Mountain
SUBDIVISION None
TAXES 7904.46
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Mountain(s), Trees/Woods
WATER Private, Well
WATERFRONT Yes
WATERFRONT DESCRIPTION Pond
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Amy Spell to contact you even if your name is on a Federal or State "Do not call List".

Listing provided by Robbie Sharrett, Lyons Construction And Realty, Inc., robbie.sharrett@gmail.com

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.

This IDX solution is (c) Diverse Solutions 2026.