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344 & 348 Tumbling Brook Drive, Banner Elk, NC 28604

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For Sale

$1,998,000

3 beds • 2 baths • 1,428 sqft

Estimated Payment

$ 10,240 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $1,399.16
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Nestled in the NC Appalachian Mountains, this historic 16-acre farm at 4,000 ft elev, ideally located between Beech Mtn and Banner Elk. Surrounded by breathtaking views of Beech, Sugar, and Grandfather Mountains moments from two area ski slopes, renowned golf courses, & trout streams. Includes two homes: a charming 3-bedroom, 1.5-bath main house with enclosed porch and cozy propane fireplace, and a 2-bdrm, 1-bath guest house. Main house has a whole-house generator. A picturesque creek, waterfalls, and wooded and cleared areas, a wildlife lover s paradise. Space for expansion, with multiple building sites, desirable for future development, multi-family living, or short-term rental opportunities. A barn, tool shed, granary/shop, cellar, and two carports. A true gem, providing opportunity to experience mountain living at its finest whether a home/vacation retreat, a family compound, or income-generating investment. Don t miss your chance to own in one of the most desirable resort areas.
MLS# 4202279

Courtesy Of True North Realty

(828) 307-0099

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    16 Acres

Map and Directions

Directions to 344 & 348 Tumbling Brook Drive, Banner Elk, NC 28604

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $10,240
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $10,240

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Banner Elk Elementary School

Grades PK-5 Public School

Banner Elk, NC 28604 1.8 miles
155 orchard ln

163 total students
11:1 Student teacher ratio

School Rating: A+

School Details

Cranberry Middle School

Grades 6-8 Public School

Elk Park, NC 28622 5.4 miles
6230 n us highway 19e

202 total students
14:1 Student teacher ratio

School Rating: A-

School Details
Other Nearby Schools Distance Type Grades School Rating
Rainbow Christian Academy 4.6 miles Private 8-10

Rainbow Christian Academy

Distance: 4.6 miles

Type Private

Grades: 8-10

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Banner Elk, NC 28604

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Banner Elk, NC 28604

This community’s employment is highest in the education and administrative support industries. The area’s overall household expenses are above the national average.

75° July
Hottest Average Month
22° January
Coldest Average Month
3,036 Total Households in Area
2.1% Increase in population since the year 2010
26.1%
of households
have children
21 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Banner Elk, NC 28604

Banner Elk, NC 28604 has a population of 6,899 people in 3,036 households with a median age of 43.9 years old.

2.1%
Increase in population
since the year 2010
Population is Trending up
2,938
Total households as of 2010
3.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 43.9 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 90%
Hispanic 5%
Other 2%
Black 1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 90%, followed by Hispanic at 5%, Other at 2%, and Black at 1%.

Economics
for Banner Elk, NC 28604

103 /sq mi
Population Density
$63,654 /yr
Median Household Income
$463,500
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 17% of the households.

Transportation to Work

  • Drive 83%
  • Work from Home 12%
  • Walk or Bike 5%
  • Public Transit 0%

Occupancy by Type

Vacant 5,104 63%
Owned 2,337 29%
Rented 699 9%

White vs Blue Collar Jobs







White Collar 81%
Blue Collar 19%

Family & Education Facts
for Banner Elk, NC 28604

43.9 Median Age

Average Household Size

2.1
persons per
household

56.3%

Married Households

Community Population By Education

Bachelors Degree 26%
Some College 22%
High School Graduate 19%
Graduate Degree 15%
Associates Degree 11%
Some High School 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 26.33% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
26.1% of households have children

Weather
for Banner Elk, NC 28604

The weather for this area ranges from a high of 75° F in July to a low of 22° F in January

75° July
Hottest Average Month
22° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
22°
40°
Feb
23°
42°
Mar
30°
49°
Apr
38°
59°
May
46°
67°
Jun
53°
72°
Jul
57°
75°
Aug
56°
74°
Sep
50°
69°
Oct
40°
61°
Nov
31°
51°
Dec
25°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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