731 River Run Road
Banner Elk, NC, 28604 $ 1,375,900
Bedrooms5 Baths5.0 Sq 3,584 Monthly Estimate*
$ 9,503
for $1,375,900 with 5 bedrooms and 5 full baths. This 3,584 square foot home was built in 2000 on a lot size of 2.7.
5BR'S AT RIVER RUN IN BANNER ELK - A PRIVATE BLUE RIDGE TURN KEY RETREAT WITH FAMOUS ELK RIVER ACCESS – TROPHY TROUT FISHING,SWIMMING & PRIVATE TRAILS ! A SHORT DRIVE TO TWO OF NORTH CAROLINA'S BEST SKI RESORTS, SUGAR MOUNTAIN AND BEECH MOUNTAIN! CLOSE TO WATAUGA LAKE & ELK FALLS. NESTLED BETWEEN THE PRESTIGIOUS ELK RIVER COUNTRY CLUB AND FAMOUS EAGLES NEST. VERY RARE OPORTUNITY IN THIS SOUGHT AFTER COMMUNITY MINUTES FROM DOWNTOWN BANNER ELK. RECENTLY RENOVATED AND EXPANDED WITH 5 BEDROOMS AND 5 FULL BATHS THIS IS LIKE A NEW HOME WITH HIGH END FINISHES! LONG RANGE MOUNTAIN VIEWS !! Perfectly positioned just minutes from the storybook town of Banner Elk, this exceptional five-suite residence offers over 3,500 square feet of refined living space, breathtaking long-range mountain views, and rare access to the pristine Elk River—one of the High Country’s most treasured natural amenities. From the moment you arrive, the home’s elevated setting and sweeping vistas create an immediate sense of peace and privacy. Inside, the main living level is designed to capture the beauty of its surroundings, featuring soaring tongue-and-groove ceilings and a dramatic wall of windows framing panoramic views. Gather around the wood burning fireplace. Natural light fills the space, creating an atmosphere that is both grand and inviting—ideal for entertaining guests or simply relaxing above the clouds. The chef’s kitchen blends timeless design with modern performance, offering elegant quartz countertops, premium gas range, and high-end appliances. Just beyond, the newly added primary suite provides a true owner’s retreat, complete with private deck access, a serene sitting area, and uninterrupted mountain views. The spa-inspired bath offers a designer trough basin, a glass-enclosed walk-in shower and soaking tub positioned to take in the surrounding landscape—creating a daily experience of quiet luxury. The lower level is designed for hosting and gathering, featuring a spacious family and game room with custom live-edge bar, electric in-wall fireplace, and direct access to outdoor living areas. Three additional guest suites, each with private baths, ensure exceptional comfort and privacy for family and visitors. Outdoor living is central to the River Run lifestyle. Expansive decks, a private firepit gathering area, and rare usable acreage provide space to unwind, explore, and connect with nature. Hiking and biking trails on your own property. Whether enjoying cool summer evenings, vibrant fall colors, or peaceful winter snowfall, this home offers a year-round retreat from the intensity of coastal and urban environments. River Run residents enjoy exclusive access to the Elk River, renowned for trophy fly fishing, swimming holes, and scenic picnic areas—all just moments from the home. The gated setting provides both privacy and security, while remaining convenient to Banner Elk’s fine dining, boutique shopping, wineries, golf, skiing, and country clubs. With its recent permitted expansion in 2025, five private bedroom suites, and turnkey condition, this residence is ideally suited as a luxury mountain retreat, seasonal escape, or legacy property to be enjoyed for generations. This prime location is close to Watauga Lake Grandfather Mountain, Linville Gorge, Boone and Blowing Rock offering numerous cultural activities restaurants and more. This is more than a home - it is a place to slow down, reconnect, and experience the very best of Blue Ridge Mountain living.
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FeaturesGeneralSewer Septic Permit 5 or More Bedroom
Utilities Cable Available High Speed Internet Available
HOA 850
Property SubType Single Family Residence
Waterfront Features River Access
Community Features Fishing Gated River Long Term Rental Allowed Short Term Rental Allowed
Assoc Fee Paid Per Annually
County Avery
Property Type Residential
Home Owner Assoc true
Attached Garage true
Subdivision Name River Run
Garage Y/N true
Status Active
City Banner Elk
Zoning Description Residential
Lot Size Units Acres
Tax Annual Amount 1726
Home Warranty Y/N false
Standard Status Active
Property Sub Type Additional Single Family Residence
Virtual Tour https://my.matterport.com/show/?m=HPtXceWgdtv
Heating Ductless Forced Air Fireplace(s) Propane
Cooling Central Air Ductless
Roof Asphalt Shingle
Appliances Dryer Dishwasher Electric Water Heater Gas Range Microwave Hood Fan Microwave Refrigerator Washer
Garage Spaces 1
Patio/Porch Features Covered Multiple Open
Architectural Style Mountain
Construction Materials Hardboard Wood Siding Wood Frame
Year Built 2000
Stories 2
Levels Two
Full Baths 5
High School Avery County
Elementary School Banner Elk
Middle/Junior High School Avery
View Long Range Mountain(s) Trees/Woods
MLS Area 8-Banner Elk
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InteriorBasement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Interior Features Wet Bar Furnished
Total Fireplaces 1
Window Features Double Pane Windows
Half Baths 0
Total Bedrooms 5
Total Baths 5
Basement Finished
Laundry Features Main Level
Fireplace Features One Wood Burning
Total Stories 2
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ExteriorWater Source Private
Lot Size Area 2.7
Lot Size Acres 2.7
Road Surface Type Gravel
Road Frontage Type Private Road
Exterior Features Fire Pit Gravel Driveway
Foundation Details Basement
Building Area Total 3584
Parking Features Attached Driveway Garage One Car Garage Gravel Private
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $9,503
- Monthly Property Taxes
- $144
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Banner Elk, NC
Average List Price $2,190,104
Percent of Sale Price 59%
About Banner Elk, NC 902 Population
25% Since 2002
$ 51,966 Median Income
33.26 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
4062214 Elementary School
4062215 Middle School
Avery County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/31/2026 | $1,375,900 | | Listed Price |