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Active
$402,000 Est. $2,770/mo — Get pre-qualified
2beds 2baths 1,012sq ft 1.11acres

386 Fall Creek Meadows Lane · Elk Park, NC 28622

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1.11 picturesque acres, this charming mountain retreat offers a rare blend of character, versatility, and opportunity. The property features a welcoming main residence, a detached 251-square-foot guest cottage, and a truly remarkable historic barn rich in Appalachian heritage. The main home features an inviting one-level floor plan accented by warm tongue-and-groove walls, beautiful oak flooring, and numerous recent updates. Within the past year, the home has received a new hot water heater, refrigerator, dishwasher, and stove, adding both convenience and value. A spacious driveway provides ample parking, while a few personal touches could easily transform this property into the mountain getaway you've been dreaming of.
Outdoor living is a highlight, with covered wraparound porches and an expansive deck offering the perfect setting to relax and enjoy the beauty of the surrounding mountains throughout the year. The existing hot tub will be removed if it is not operational, creating an ideal opportunity to install a new spa and unwind beneath the stars on cool mountain evenings.
The detached one-bedroom, one-bath guest cottage adds exceptional flexibility and could serve as a private guest suite, vacation rental, home office, artist's studio, or personal retreat. The Barn was originally constructed in the early 1900s from durable locust and black walnut timbers, the barn carries a fascinating history. After being displaced during a flood in 1938, it was carefully preserved and relocated to its current setting in the 1980s. Showcasing exceptional craftsmanship and timeless character, the barn offers approximately 431 square feet on the main level and an additional 268 square feet upstairs, providing endless possibilities for storage, hobbies, a workshop, studio, or creative retreat. Planned improvements include a new metal roof, replacement doors, and fresh exterior paint as part of the contractor's scope of work. Conveniently located less than 15 minutes from downtown Banner Elk, and just a short drive to Lees-McRae College and Beech Mountain Resort, this unique property combines mountain charm, privacy, history, and endless potential in one exceptional offering.

Features & Amenities

Living Area1,012 Sq.Ft.
Bedrooms2
Baths2
FireplaceYes
Virtual TourOpen Virtual Tour
Year Built1995
StatusActive
Lot Size1.11 Acres
CountyAvery
Property TypeResidential
Property SubTypeSingle Family Residence
Days on Market104
Last UpdatedSep 22, 2026
HOAYes — $1 / year
ElementaryFreedom Trail Elementary School
MiddleUnknown Middle School
HighAvery County High School
Presented By: Blue Ridge Realty & Inv. - Banner Elk; info@brri.net

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
Sep 22, 2026 Price Reduced $407,000 → $402,000 ▾ $5,000 (1.2%)
Jun 9, 2026 Price Change $499,900 —
Jul 6, 2026 Price Change $477,000 5
Jul 20, 2026 Price Change $457,000 4
Aug 3, 2026 Price Change $423,000 7

Monthly Cost Estimate

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

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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: Sep 22, 2026