$1,100,000
 $5,905 est/mo Sourced by Back At You

321 Grays Shadow Lane,Banner Elk, NC 28604

Banner Elk, NC 28604

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Description

Unique Foscoe log cabin opportunity on 7.33 acres backing up to Grandfather Mountain State Park land. Ideally located between Boone and Banner Elk, this 3 bedroom, 2.5 bathroom cabin offers over 2,200 square feet of living space, an oversized 2-car garage, seasonal mountain views, and room to enjoy, expand, or create a true High Country retreat. With no HOA, no deed restrictions, light Foscoe-Grandfather zoning, and short- and long-term rentals permitted, this property offers excellent flexibility for personal use, investment, or future buildout. The cabin features a desirable open floor plan with one-level living, vaulted ceilings, warm wood accents, abundant windows for natural light, and a gas fireplace in the main living area. The main level includes a generously sized living room, dining area, pantry, laundry room, guest half bath, and spacious primary suite with en-suite bathroom and walk-in closet. A large 550+ square foot deck is accessed from both the main living area and primary bedroom, creating a great outdoor living space with wiring already in place for a hot tub. Upstairs offers two additional bedrooms, a full bathroom, and a large loft area, providing excellent space for guests, office use, or a second living area. The land is a special part of this offering, with a mix of flat and sloping terrain, a natural wooded setting, beautiful rock outcroppings, a creek, and additional potential building sites. Seasonal mountain views may be enhanced with selective tree work. The oversized basement garage offers room for two vehicles stacked, storage, workshop space, or mountain toys. Whether you envision a generational homeplace, guest cabins, rental opportunities, or simply keeping the acreage natural and private, this property provides a rare combination of acreage, location, flexibility, and proximity to Grandfather Mountain State Park. Minutes from grocery, restaurants, parks, Grandfather Vineyard, and more, with Boone and Banner Elk approximately 15 minutes away.

Details

MLS #4402280
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2002
Days On Site43
Listing Provided ByWright Brokers with Hyatt in the High Country | Nate Wright

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet2,215
Story(s)1
Acreage7.33
Property ViewMountain(s), Winter

Interior

CoolingCentral Air, Heat Pump
HeatingHeat Pump
AppliancesDishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer

Exterior

RoofArchitectural Shingle
Construction MaterialsLog, Wood
Foundation DetailsBasement, Other - See Remarks
Lot FeaturesAdjoins Forest, Hilly, Level, Sloped, Creek/Stream, Views, Wooded

Parking

Garage Yes / NoNo
Parking FeaturesBasement

Utilities

UtilitiesCable Available, Fiber Optics

Other

List AorHigh Country Association of Realtors

Taxes

Property435300

Area Information

StateNC
CountyWatauga
CityBanner Elk
Zip Code28604
AreaWatauga
School DistrictWatauga
Elementary SchoolValle Crucis
High SchoolWatauga
Listing VS Median (in 28604)
Price:
$1,100,000
low | high
Med:
$624,500
93.227272727273% of Average
sqft:
2,215
low | high
Med:
1,700
73.250564334086% of Average
$ / sqft:
$497
low | high
Med:
$374
74.717704457336% of Average
On site:
43
low | high
Med:
41.5
100% of Average
Sourced by Back At You

Market Activity 28604

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 22, 2026 at 6:15:42 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyWatauga
CityBanner Elk
Zip Code28604
AreaWatauga
School DistrictWatauga
Elementary SchoolValle Crucis
High SchoolWatauga
Listing VS Median (in 28604)
Price:
$1,100,000
low | high
Med:
$624,500
93.227272727273% of Average
sqft:
2,215
low | high
Med:
1,700
73.250564334086% of Average
$ / sqft:
$497
low | high
Med:
$374
74.717704457336% of Average
On site:
43
low | high
Med:
41.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $825K - $1.375M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
321 Grays Shadow Lane Property Photo 1
$1,100,000
321 Grays Shadow Lane
Banner Elk, NC 28604
Listing Updated: July 11, 2026 at 4:09:11 AM PDT