Skip to content
Active
$529,900 Est. $3,651/mo — Get pre-qualified
3beds 3baths 2,092sq ft 0.47acres

265 Leatherwood Road · Banner Elk, NC 28604

View map

High-Elevation Retreat: Modern Living at 3,350 Feet.

Experience the ultimate in mountain privacy at this secluded sanctuary located at the end of a quiet cul-de-sac. Perched on two combined lots within the amenity-rich Mill Ridge community, this 2,092-square-foot residence is defined by its dramatic boulder-strewn landscape and a "treehouse" architectural design spanning three finished levels.

Property Highlights //
Secluded Setting: Situated on a double lot with end-of-the-road privacy, featuring massive natural rock outcroppings and a gravel parking area.

Expansive Views: Enjoy long-range mountain views that open up significantly during the winter months, all framed by floor-to-ceiling windows that flood the interior with natural light.

The Layout: 3 bedrooms and 3 full baths across three distinct levels, offering a versatile floor plan perfect for hosting guests or maintaining a home office.

Refined Amenities: Large decks and tons of parking, complemented by a cozy living area with a gas fireplace and efficient propane heat.

The Mill Ridge Lifestyle //
Centrally located between Boone and Banner Elk, Mill Ridge offers a comprehensive amenity package including:

Tennis and basketball courts, a swimming pool, and communal play fields.

Private access to the Watauga River for fishing or relaxing.

An unbeatable location just minutes from the Grandfather Vineyard & Winery, the Blue Ridge Parkway, and the rugged beauty of Grandfather Mountain.

High Country Adventure:
This property serves as a premier basecamp for four-season recreation. From the endless hiking trails of the High Country to the nearby ski slopes and the vibrant autumn foliage, 265 Leatherwood Drive offers the rare combination of wilderness seclusion and convenient proximity to the region's best attractions.

Discover the serenity of life at 3,350 feet. Modern comfort meets mountain ruggedness in this uniquely polished retreat.

**Please note the seller is asking $544,900 with a $10,000 allowance for updating the kitchen if the home is sold furnished with exclusions, or asking $529,900 with a $10,000 allowance for updating the kitchen without the furniture.**

Features & Amenities

Living Area2,092 Sq.Ft.
Bedrooms3
Baths3
FireplaceYes
Year Built1986
StatusActive
Lot Size0.47 Acres
SubdivisionMill Ridge
CountyWatauga
Property TypeResidential
Property SubTypeSingle Family Residence
Days on Market161
Last UpdatedOct 7, 2026
HOAYes — $1 / year
ElementaryValle Crucis Elementary School
MiddleUnknown Middle School
HighWatauga High School
Presented By: Howard Hanna Allen Tate Real Estate Blowing Rock; will.kelly@allentate.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 7, 2026 Price Reduced $549,000 → $529,900 ▾ $19,100 (3.5%)
Apr 29, 2026 Price Change $569,000 —

Monthly Cost Estimate

$
%
$
%
$
$
$
Estimated Payment
— / month
Principal & Interest—
Property Taxes—
Home Insurance—
HOA Dues—

* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

Similar Homes

Nearby Homes for Sale

High Country Association of REALTORS (HCAOR) © Information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Last Update: Oct 7, 2026