7583 Hickory Nut Gap Road, Banner Elk, NC

$1,790,000

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5

Beds

5

Baths

4,205

Square feet

2.66

Acres

About 7583 Hickory Nut Gap Road

Downtown Banner Elk Retreat with Panoramic Mountain Views & Dual Living Spaces Discover this rare opportunity in the heart of Banner Elk, just one minute from downtown, perfectly positioned on 2.66 acres overlooking Lees-McRae College, Grandfather Mountain, and the surrounding Blue Ridge peaks. This beautifully manicured property sits atop a gentle hill, offering privacy, rolling green space, and the peaceful sounds of nature — all while being just moments from local dining, shops, and outdoor adventures. It’s common to spot deer, black bear, and native wildlife roaming the property, and a hiking trail at the edge of the land connects to a stream leading directly to the Lees-McRae duck pond, adding to the tranquil mountain charm. The home is thoughtfully designed with two distinct living spaces — think large family home, a multi-generational retreat, or a turnkey short-term rental investment. Main Level (Primary Residence) Enter through the welcoming front porch into a spacious living room with vaulted ceilings, a stone fireplace, and sweeping mountain views from the back porch. The main level includes: • 3 bedrooms • Kitchen and dining area • Walk-in pantry • Sauna — envision après-ski relaxation Upper Level (Short-Term Rental Suite) With a separate entrance and dedicated parking, the upstairs is fully equipped as a separate rental or guest suite. Features include: • Open living room and kitchen • Small office/flex space • 3 bedrooms, each with en-suite bathroom Outside, enjoy a storage shed for tools and gear, plus ample space for gardens or outdoor living areas. Whether you’re seeking a peaceful mountain home, a multi-family getaway, or a revenue-producing property, this Banner Elk gem offers the perfect balance of seclusion, scenery, and convenience.

Features of 7583 Hickory Nut Gap Road

MLS® # 258761
Price $1,790,000
Bedrooms 5
Bathrooms 5.00
Full Baths 4
Half Baths 1
Square Footage 4,205
Acres 2.66
Year Built 1990
Type Residential
Sub-Type Single Family Residence
Style Traditional
Status Active

Community Information

Address 7583 Hickory Nut Gap Road
Area 8-Banner Elk
Subdivision None
City Banner Elk
County Avery
Province NC
Postal Code 28604

Amenities

Utilities Septic Available
Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Interior Features Sauna, Vaulted Ceiling(s)
Appliances Dryer, Dishwasher, Electric Cooktop, Microwave Hood Fan, Microwave, Refrigerator, Washer
Heating Electric, Forced Air, Gas
Cooling 2 Units
Fireplace Yes
# of Fireplaces 1
Fireplaces One, Stone
# of Stories 2
Stories Two
Has Basement Yes
Basement Crawl Space

Exterior

Exterior Frame, Wood Siding
Roof Architectural, Shingle
Construction Frame, Wood Siding

School Information

Elementary Banner Elk
High Avery County

Additional Information

Date Listed October 23rd, 2025
Days on Market 7
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEngel & Volkers Banner Elk
Contact Info(828) 898-3808

Listing Map

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