321 Grays Shadow Lane
Banner Elk, NC, 28604 $ 1,100,000
Bedrooms3 Baths2.1 Sq 2,215 Monthly Estimate*
$ 6,946
for $1,100,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,215 square foot home was built in 2002 on a lot size of 7.33.
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.
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List ByWright Brokers With Hyatt In The High CountryBroker
nate@wrightbrokers.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,946
- Monthly Property Taxes
- $143
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $1,179,559
Percent of Sale Price 7%
About Banner Elk, NC 7,015 Population
27% Since 2002
$ 52,980 Median Income
41.63 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4700116 Elementary School
4062211 Middle School
Watauga High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/7/2026 | $1,100,000 | | Listed Price |