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356 Rippling Waters Trl

Banner Elk, NC 28604

3 bd 4 ba 2,098 sqft Built 2022 Lot 72,310 sqft single_family
Most recent sale
$1,200,000
Sep 4, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 4, 2022 Sold $1,200,000 MLS #238002
Jun 8, 2022 Listed $1,395,000 MLS #238002

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $728,200 $157,500 $885,700 $3,542
2023 $728,200 $165,000 $893,200 $3,572
2022 $728,200 $165,000 $893,200 $2,264

Property facts

Year built
2022
Property type
single_family
Stories
Beds
3
Baths
4
Living area
2,098 sqft
Lot size
72,310 sqft
ZIP code
28604
City
Banner Elk
Street
Rippling Waters Trl
Coordinates
36.19998, -81.90284

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$7,200
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 356 Rippling Waters Trl last sell?
356 Rippling Waters Trl most recently sold on Sep 4, 2022 for $1,200,000.
What is the current tax assessment for 356 Rippling Waters Trl?
The most recent total assessment for 356 Rippling Waters Trl (year 2025) is $885,700 with $3,542 in property tax.
How does 356 Rippling Waters Trl's assessment compare to its last sale price?
The current assessment is 26.2% below the last sale price of $1,200,000.
When was 356 Rippling Waters Trl built?
356 Rippling Waters Trl was built in 2022.
How does 356 Rippling Waters Trl compare to others on Rippling Waters Trl?
We track 6 other properties on Rippling Waters Trl. Browse the list under "Other properties on Rippling Waters Trl" to compare beds, baths, and sale history.
What are the property facts for 356 Rippling Waters Trl?
356 Rippling Waters Trl is a 3 bed, 4 bath, 2,098 sqft, 72,310 sqft lot single_family.
Is 356 Rippling Waters Trl a flip candidate?
No — 356 Rippling Waters Trl does not appear in our flips dataset.
Is 356 Rippling Waters Trl a tax-appeal candidate?
No — 356 Rippling Waters Trl is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.8%
Implied 1-yr
-3.0%
2026 Q3
$471.6K
2026 Q4
$467.9K
ZIP 28604 — Median Price History + Forecast

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