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Active

321 Grays Shadow Lane

Banner Elk, NC 28604

Active 18 days on market Listing ID CAR 306066728

$1,100,000

Est. $6,323/mo See my rate

$497/Sq Ft

3 bd · 2 ba · 2,215 sqft · $497/sqft

3 Beds
2 Baths
2,215 Sq Ft
$497/Sq Ft
2002 Built
7.33 acres Single Family Residence Listed Jul 9, 2026 Updated Jul 11, 2026 HOA None

About This Home

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.

Property Details

Interior Details

Heating
  • Heat Pump
Sqftmain
1295
Roomcount
11
Sqftlower
0
Sqftthird
0
Sqftupper
920
Sqftgarage
600
Bedroommain
1
Bedroomupper
2
Fullbathmain
1
Halfbathmain
1
Fullbathupper
1
Halfbathupper
0
Half Bathrooms
1
Total Bathrooms
3
Laundry Features
  • Main Level
Mainlevelgarageyn
0
Sqftunheatedtotal
600
Fireplace Features
  • Family Room
  • Gas Log
  • Gas Unvented
Sqfttotalpropertyhla
2215
Sqftunheatedbasement
600
Sqftsecondlivingquartershla
0

Dwelling And Structure

Architectural Style
  • Cabin

Square Footage And Levels

Levels
  • One and One Half
Above Grade Finished Area
2215
Below Grade Finished Area
0

Parking And Garage

Parking Features
  • Basement

Exterior Features

Roof
  • Architectural Shingle
Construction Materials
  • Log
  • Wood
Patio And Porch Features
  • Deck

Lot And Land

Lot Features
  • Adjoins Forest
  • Hilly
  • Level
  • Sloped
  • Creek/Stream
  • Views
  • Wooded
Lot Size Acres
7.33
Lot Size Units
Acres

Basement And Foundation

Foundation Details
  • Basement
  • Other - See Remarks

Waterfront And View

View
  • Mountain(s)
  • Winter

Utilities

Sewer
  • Septic Installed
Utilities
  • Cable Available
  • Fiber Optics
Water Source
  • Well
  • Other - See Remarks

Financial Information

Citytaxespaidto
No City Taxes Paid

Zoning And Restrictions

Zoningspecification
Res

Listed by Nate Wright (828-457-5104) · Wright Brokers with Hyatt in the High Country (828-457-5104)

Location

Address
321 Grays Shadow Lane
City
Banner Elk, NC 28604
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Schools

Elementary
Valle Crucis
Middle
Valle Crucis
High
Watauga

School assignments may change. Contact the school district to confirm.

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