About This Home

This land at Tower Road in Newland, NC is listed for $250,000 (8.40 acres).

Key Features

  • 8.40 acre lot
Listing Description

This is a rare find. 5 +/- acres of gently sloping land conveniently located between Banner Elk and Newland off of Hickory Nut Gap Rd. The lay of the land is beautiful. About half is open pasture and half is wooded. There is a pond on the property. Want a beautiful mountain retreat?

This is it! The current owners did a preliminary survey to possibly divide part of the acreage into 4 lots with each being approx. .9 of an acre. Look for this under the documents. There is a natural area that looks like an old roadbed already in place. An investor could build 4 very rent-able cabins on the property and then also have use of the pond. Absolutely beautiful property, Restrictions will only be for a maximum of 4 houses if the land is made into a minor subdivision and no trailers.

Location

Tower Road

Newland, NC 28657

Questions & Answers

This 0-bedroom, 0-bathroom land at Tower Road is listed at $250,000. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 8.40 acre lot.

This property is listed by Marsha McManus.

MM

Marsha McManus

Agent at The Summit Group of the Carolinas

Listed by The Summit Group of the Carolinas · Broker phone: (828) 898-3500 · View on Broker Site · Broker website

MLS# 258853· Source: High Country Association of Realtors· 361 days on PropertySimple

Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Tower Road, Newland, NC 28657

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