Mill Ridge Real Estate

Mill Ridge Real Estate

Mill Ridge is a little hard to put into a neat category, and honestly, that is part of its charm.

Located just off Highway 105 in Foscoe, it sits roughly eight miles from Boone in one direction and Banner Elk in the other—about 15 minutes either way when mountain traffic cooperates. That location is one of the things people who live here seem to appreciate most. You can enjoy a quieter mountain setting without feeling as though every trip to the grocery store needs to be carefully planned.

Mill Ridge originally began as a small ski resort in the 1960s and 1970s, and you can still see pieces of that history throughout the community. The homes have all kinds of personalities: little ski chalets, round homes, mountain cottages, condos, rustic cabins, renovated getaways and a few larger homes mixed in for good measure.

There is no single “Mill Ridge look,” which makes browsing the homes here much more interesting. One property may feel like a cozy vintage mountain retreat, while the next has been completely updated. It feels more like a community that has grown and changed over time than a subdivision where every home was built from the same handful of plans.

Mill Ridge also still has some of that old resort-community energy. There is a heated outdoor pool, tennis courts and hiking trails, and during the warmer months you will often see full-time residents, second-home owners and vacation guests spending time around the shared amenities. It is social and relaxed without feeling overly formal.

The Watauga River runs through the lower portion of Mill Ridge near the front of the community, and it definitely makes itself known. This is not always a quiet little trickle in the background. Around the riverfront homes, the sound of rushing water can be one of the most noticeable—and enjoyable—parts of the setting.

The other thing locals often mention about Mill Ridge is its relative affordability. “Affordable” is always a relative word in High Country real estate, of course, but Mill Ridge has traditionally offered a more approachable option than many of the area’s newer or more polished resort communities. Homes vary quite a bit in size, age, condition and price, so buyers may find several different ways to own here.

Mill Ridge could be a good fit if you want a convenient location, community amenities and a home with a little personality. Because the properties are so different, it is worth paying attention to where a home sits within the community, its road access and topography, its proximity to the river and amenities, and how much updating it may need.

If vacation-rental potential is part of your plan, we will also want to confirm the current association rules and the eligibility of the individual property rather than assuming that what applies to one Mill Ridge home applies to all of them.

Browse the current Mill Ridge homes for sale below. If something catches your eye, Marc and Kathie can help you understand where it is located within the community—and what the listing photos may not tell you.

Newest Listings in Mill Ridge

$279,000
1 Beds 2 Baths 264032 MLS
Welcome to easy mountain living in Mill Ridge! This fully furnished condo is truly move-in ready—just bring your suitcase and start enjoying the High Country. The condo itself has recently received a fresh exterior paint job and also features a new roof, new deck boards and new railings, along with an encapsulated crawl space, so there is no long list of projects waiting for the next owner. One of the standout features is the spacious covered outdoor living room—an inviting extension of the home that essentially gives you a second living area. With plenty of room for comfortable seating, a TV and entertaining, it’s the perfect place for morning coffee, an afternoon with friends, or simply relaxing in the cool mountain air. The location within Mill Ridge is hard to beat. The swimming pool and tennis courts are a stone’s throw away, making them incredibly convenient to enjoy. At just $175 per month, the association fee is an exceptional value and includes water, sewer, access to on-site dumpsters, and use of the pool and tennis courts. You’re also just a short drive from area ski resorts, hiking and outdoor recreation, including the beautiful Profile Trail at Grandfather Mountain. Boone, Banner Elk, restaurants, shopping and everything the High Country has to offer are all within easy reach. This property would be a great fit for a first-time homeowner, parents wanting a comfortable furnished home for a college student, someone looking for a weekend or seasonal getaway, or anyone wanting an easy lock-and-leave mountain home. With two distinct living areas, furnishings already in place, great community amenities and a location that puts mountain recreation close by, this Mill Ridge condo offers an unusually easy way to start enjoying the High Country from day one.

196 Trout Pond Lane Unit 2, Banner Elk

$549,000
3 Beds 3 Baths 258571 MLS
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. **Originally we listed at 569K to reflect the home sold furnished with exclusions, now we are offering the home at $549K without the furniture.**

265 Leatherwood Road, Banner Elk

$346,000
2 Beds 2 Baths 260348 MLS
Tucked into the scenic beauty of the Blue Ridge Mountains of North Carolina, this inviting two-bedroom, two-bath mountain home offers the perfect blend of comfort, style, and investment potential. Located in the casual mountain community of Mill Ridge, the property captures the relaxed spirit of mountain living while providing access to sought-after amenities and outdoor recreation. Step inside to a spacious great room highlighted by soaring cathedral tongue-and-groove ceilings and an impressive stone fireplace that anchors the living space with warm mountain character. The newly remodeled kitchen features granite countertops, new appliances, and a clean, functional layout —ideal for entertaining or unwinding after a day outdoors. Recent updates include new luxury vinyl plank flooring throughout and refreshed bathrooms, giving the home a move-in-ready feel. Outside, an expansive open deck provides a front-row seat to sweeping valley and mountain views—perfect for morning coffee, evening sunsets, or gathering with friends. Mill Ridge residents enjoy a variety of amenities including a swimming pool, tennis courts, clubhouse, hiking trails, and direct access to the scenic Watauga River, well known for excellent trout fishing. With vacation rentals permitted, this mountain getaway offers flexibility as a full-time residence, second home, or income-producing investment—all within one of the most beautiful regions of the Blue Ridge. Monthly fee includes water, sewer roads, amenities.

131 Hemlock Road, Banner Elk

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”