Escape to mountain paradise in this stunning Foscoe home perched atop a ridge with sweeping eastern and western seasonal views, including the iconic profile of Grandfather Mountain. Nestled in the Mill Ridge subdivision, enjoy abundant community perks such as a pool, tennis courts, trails, fishing spots, and more.
This meticulously maintained home features 3 bedrooms, 3.5 baths, and boasts a hot tub, sauna, wood floors, and exterior accent lighting. The chef's kitchen is a culinary dream with a gas range, quartz countertops, wormy chestnut accents, and a wet bar with custom grandfather mountain wood carving.
Currently operated as a successful short-term rental, this fully furnished home is ready to serve as your personal retreat or income-generating property. Designed with electric baseboard heat and strategically positioned to maximize natural sunlight in winter, it offers both comfort and efficiency year-round.
Discover your mountain sanctuary – schedule your tour today!
Closed
$660,000
298 Basswood Rd, Banner Elk, NC 28604
3beds
2,244sqft
Single Family Residence
Built in 1986
0.26 Acres Lot
$665,100 Zestimate®
$294/sqft
$2,921 Estimated rent
Home value
$665,100
$552,000 - $798,000
$2,921/mo
Zestimate® history
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$2,921/mo
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$3,851/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: December 10, 2025 at 10:20am
Listing Provided by:
Tom Drake thom.drake@gmail.com,
Purple Tree LLC
Bought with:
Non Member
Canopy Administration
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4158432
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom s
- Level: Basement
Bedroom s
- Level: Basement
Bathroom full
- Level: Main
Bathroom half
- Level: Main
Bathroom full
- Level: Basement
Bathroom full
- Level: Basement
Bonus room
- Features: Sauna
- Level: Basement
Kitchen
- Features: Kitchen Island, Open Floorplan
- Level: Main
Laundry
- Level: Basement
Living room
- Features: Ceiling Fan(s), Open Floorplan, Wet Bar
- Level: Main
Heating
- Baseboard
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Kitchen Island, Open Floorplan, Pantry, Sauna, Storage, Walk-In Closet(s), Wet Bar
- Flooring: Tile, Wood
- Basement: Finished
- Fireplace features: Fire Pit
Interior area
- Total structure area: 1,088
- Total interior livable area: 2,244 sqft
- Finished area above ground: 1,088
- Finished area below ground: 1,156
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Electric Vehicle Charging Station(s)
- Uncovered spaces: 8
Accessibility
- Accessibility features: Two or More Access Exits
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Porch, Rear Porch, Side Porch
- Exterior features: Fire Pit
- Pool features: Community
- Has spa: Yes
- Spa features: Heated
- Has view: Yes
- View description: Long Range, Mountain(s)
Lot
- Size: 0.26 Acres
- Features: Private, Wooded, Views
Details
- Parcel number: 1878867055000
- Zoning: R
- Special conditions: Standard
- Other equipment: Fuel Tank(s)
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Composition
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Private Sewer
- Water: Community Well
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Playground, Recreation Area, Tennis Court(s), Walking Trails
Location
- Region: Banner Elk
- Subdivision: Mill Ridge
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $165 monthly
- Association name: Mill Ridge POA
- Association phone: 828-963-4900
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2024 | Sold | $660,000-3.5%$294/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4158432 Report a problem | ||
| 7/11/2024 | Listed for sale | $683,770+22.6%$305/sqft |
Source: Canopy MLS as distributed by MLS GRID #4158432 Report a problem | ||
| 3/29/2022 | Sold | $557,500+13.1%$248/sqft |
Source:  High Country AOR #235548 Report a problem | ||
| 2/24/2022 | Pending sale | $493,000$220/sqft |
Source: High Country AOR #235548 Report a problem | ||
| 2/18/2022 | Listed for sale | $493,000+136.5%$220/sqft |
Source: High Country AOR #235548 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,554 | $394,200 |
| 2023 | $1,554 +1.5% | $394,200 |
| 2022 | $1,531 +34.3% | $394,200 +68.5% |
Find assessor info on the county website
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Valle Crucis ElementaryGrades: PK-8Distance: 3.9 mi
- 8/10Watauga HighGrades: 9-12Distance: 8.5 mi
Schools provided by the listing agent
- Elementary: Valle Crucis
- Middle: Valle Crucis
- High: Watauga
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Watauga County
- Banner Elk
- 28604
- 298 Basswood Rd