Debbie Covington

NC & SC REALTOR®, HFR, ABR®, AHWD®, CLHMS, PSA, RSPS, SRS, SRES®
License# 338573

774 Aldridge Road

Banner Elk, NC 28604

 $3,850,000

  • Open House
  • New Listing
  • Price Reduced
  • Virtual Open House
  • Virtual Tour
  • Sold
  • Active
  • Rental
  • 7 BedBeds
  • 7.0 BathBaths
  • 6,628 SqftSqft
  • 259141MLS#
  • Single Family ResidenceType

Property Description

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 2026 bookings indicating another high grossing year of $400K plus 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.

 

Property Details 774 Aldridge Road, Banner Elk, NC 28604

Listing courtesy of:
  • Status: Active
  • MLS#: 259141
  • Property Type: Single Family Residence
  • List Date: 11/27/2025
  • Year Built: 1976
  • County: Watauga
  • Beds: 7
  • Full Bath: 6
  • Half Bath: 1
  • Total Baths: 7
  • Interior Features: Cathedral Ceiling(s), Furnished, Hot Tub/Spa, Home Theater, Vaulted Ceiling(s), Window Treatments
  • Appliances: Built-In Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Range, Refrigerator, Tankless Water Heater, Washer, Water Heater
  • Total Sq.Ft: 6,628
  • Acres: 17.649
  • Cooling: Central Air, Heat Pump, Zoned
  • Heat Sources: Electric, Fireplace(s), Heat Pump, Zoned

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