Explore Banner Elk, Avery County, NC Homes for Sale

5 Bedroom Homes for Sale in Banner Elk, Avery County, NC

Welcome to your dedicated resource for 5 bedroom homes for sale in Banner Elk, Avery County, NC. This page is your live portal for listings that match the exact homes for sale you demand, filtering out irrelevant properties to save you time. As a local Banner Elk, Avery County, NC agent, Gatewood Group Real Estate specializes in the unique market dynamics of this area, offering insights into amenities, home values, and investment potential. Start exploring the 5 bedroom properties currently available below, or contact a local agent to discuss the details that matters most to your search.

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All 5 Bedroom Homes for Sale in Banner Elk, Avery County, NC

$3,499,000
5 Beds 6 Baths 4,563 SqFt. 14.33 Acres ACTIVE Status
If you’ve been searching for a mountain home with breathtaking views, this is one you won’t want to miss. Ideally located near both Sugar Mountain and Beech Mountain, this exceptional property offers more than 14 acres to explore, hike, and enjoy. This beautifully designed home features five bedrooms and five-and-a-half bathrooms, with spacious living areas throughout. The main level includes a stunning great room with soaring ceilings, a chef’s kitchen, a large dining room, a butler’s pantry, a laundry room, and an elegant powder room. The luxurious primary suite is also on the main floor and features a spacious bedroom and a beautifully appointed primary bath. Upstairs, a dramatic walkway connects two private guest suites, each with generous closet space and its own full bathroom. Just off the walkway, you’ll find access to the upper deck, where a sleek glass railing provides unobstructed views of the surrounding mountains. The same glass railing system continues on the main and lower decks, allowing you to enjoy the scenery from every level. The lower level is designed for If you’ve been searching for a mountain home with breathtaking views, this is one you won’t want to miss. Ideally located near both Sugar Mountain and Beech Mountain, this exceptional property offers more than 14 acres to explore, hike, and enjoy. This beautifully designed home features five bedrooms and five-and-a-half bathrooms, with spacious living areas throughout. The main level includes a stunning great room with soaring ceilings, a chef’s kitchen, a large dining room, a butler’s pantry, a laundry room, and an elegant powder room. The luxurious primary suite is also on the main floor and features a spacious bedroom and a beautifully appointed primary bath. Upstairs, a dramatic walkway connects two private guest suites, each with generous closet space and its own full bathroom. Just off the walkway, you’ll find access to the upper deck, where a sleek glass railing provides unobstructed views of the surrounding mountains. The same glass railing system continues on the main and lower decks, allowing you to enjoy the scenery from every level. The lower level is designed for entertaining and rental potential. It includes two additional bedrooms, two full bathrooms, a kitchenette, a large family room with a pool table, and a separate game room, making it an ideal setup for guests or vacation renters. Beautiful wood floors throughout the home enhance its warm mountain charm. Outside, the spacious lower deck features a large hot tub overlooking the fire pit—the perfect place to relax and create lasting memories with family and friends. This is a rare opportunity to own an exceptional mountain retreat that offers luxury, comfort, and outstanding rental potential. Be sure to take the attached 3D tour and experience everything this remarkable home has to offer , a large family room with a pool table, and a separate game room, making it an ideal setup for guests or vacation renters. Beautiful wood floors throughout the home enhance its warm mountain charm. Outside, the spacious lower deck features a large hot tub overlooking the fire pit—the perfect place to relax and create lasting memories with family and friends. This is a rare opportunity to own an exceptional mountain retreat that offers luxury, comfort, and outstanding rental potential. Be sure to take the attached 3D tour and experience everything this remarkable home has to offer

1501 Beech Mountain Parkway, Banner Elk

$4,200,000
5 Beds 6 Baths 5,528 SqFt. 1.47 Acres ACTIVE Status
Perched high on the ridge of The Lodges at Eagles Nest, 278 Timber Rock Trail is a one-of-a-kind luxury mountain retreat offering unmatched craftsmanship, breathtaking sunset views, and over 5,500 square feet of custom living space built by renowned builder Tom Eggars. Designed to maximize both comfort and entertainment, this 5 bedroom, 6 bathroom home features over 1,800 square feet of deck space overlooking the layered mountain views and unforgettable western sunsets! Inside, you’ll find a stunning custom kitchen with high-end finishes throughout, expansive living areas, and a main-level primary suite for convenient mountain living. The lower level was built for entertaining with an incredible game room, wet bar, private theater, and upstairs you will find two additional bedrooms and a large hidden bonus room perfect for a fitness space, bunk room, or additional recreation area. Outdoor living is just as impressive with a custom outdoor fireplace, beautifully landscaped firepit area, and hot tub already in place to enjoy cool mountain evenings year-round. For adventure and functionality, the home offers both an ATV garage and an oversized two-car basement garage designed large enough to accommodate an indoor pickleball court if desired and comes with a Tesla charger already installed! Offered partially furnished with all existing Restoration Hardware furnishings included, this is a rare turnkey opportunity in one of the High Country’s most sought-after luxury communities. Whether you are searching for a second home, investment property, or high-performing rental opportunity, 278 Timber Rock Trail delivers an exceptional mountain lifestyle unlike anything else currently available!

278 Timber Rock Trail, Banner Elk

$8,499,000
5 Beds 6 Baths 8,817 SqFt. 3.19 Acres ACTIVE Status
Welcome to Iron Horse Lodge, a newly constructed custom estate offering 8,817 square feet of heated living area within The Lodges at Eagles Nest, just minutes from downtown Banner Elk, Great Camp Amphitheater, and Epic Chophouse. Designed as a primary residence with an uncompromising approach to quality, the home showcases refined mountain-modern architecture with natural stone, horizontal wood siding, architectural shingles, standing seam metal accents, timber columns, and Edge Vesta steel siding in select hard-to-reach areas for added durability. A custom-engineered steel beam foundation allows for a cantilevered design over the mountainside, maximizing structural integrity and long-range Blue Ridge Mountain views. An easily accessible driveway provides ample guest parking, complemented by an oversized two-car garage and an additional single-car garage. A thoughtfully designed mudroom with built-in laundry, drop zone, and custom dog wash adds everyday function. Inside, oversized glass barn-style doors open to a welcoming foyer and wine/cocktail lounge. A dedicated office with custom architectural doors leads into an expansive living and dining area, where fully retractable glass doors connect to a sprawling deck with sunset views. The chef’s kitchen features Thermador Professional Series appliances, dual dishwashers, a wet bar/coffee station with sink and refrigerated drawers, and a well-appointed butler’s pantry with built-in desk, storage, and prep space. The main-level primary suite offers a fireplace, coffee bar, beverage fridge, sink, expansive mountain views, and direct deck access to a Bullfrog 6+ person hot tub. The spa-like bath includes a soaking tub, dual-head shower, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a second en suite bedroom is joined by an additional bedroom with nursery, hidden door access, and spacious walk-in closet. A large shared bath offers a soaking tub and dual-head shower, while a covered deck captures elevated views. The lower level expands the home’s lifestyle offerings with a spacious family room, bunkroom suite with full bath, gym, half bath, wellness room with cold plunge and infrared sauna, theater room, and additional heated flex space. A partially covered deck extends the living area outdoors for quiet mornings, cool summer afternoons, and year-round mountain enjoyment. Offered fully furnished with select exclusions, Iron Horse Lodge presents a rare opportunity to own a move-in ready, professionally designed mountain retreat without the wait. Interior design by Lucy and Company delivers a bold, curated aesthetic recognized for its presence in luxury publications.

270 Osprey Drive, Banner Elk

$749,000
5 Beds 4 Baths 2,905 SqFt. 0.38 Acres ACTIVE Status
This spacious and beautifully appointed mountain retreat truly has it all! Step inside to soaring vaulted ceilings and an inviting open-concept floor plan designed for gathering family and friends. The stunning kitchen features granite countertops, stainless steel appliances, and ample space for entertaining. The main level offers a spacious family room with a beautiful fireplace, two primary suites with baths, and an additional bedroom. Upstairs, guests will enjoy a loft gaming area perfect for relaxing after a day of adventure. The lower level provides exceptional flexibility with a second full kitchen featuring granite countertops and stainless steel appliances, three additional bedrooms, and a recreation area complete with a newly covered pool table. With accommodations for up to 14 guests, this property is ideal as a vacation home, rental investment, or full-time mountain getaway. One of the property's most desirable features is its location—walkable to downtown Banner Elk via the Greenway, giving you easy access to restaurants, breweries, shopping, parks, and popular summer concerts. Enjoy the convenience of leaving the car behind while still being tucked away in a beautiful mountain setting. For winter fun, you're less than five miles from Sugar Mountain Resort, offering skiing, snowboarding, tubing, and year-round mountain adventures. Whether you're searching for a mountain retreat, a high-performing short-term rental (2026 year to date gross 27,817), or both, this exceptional property offers the perfect combination of location, space, and amenities. A rare opportunity to own a home that comfortably sleeps 14 guests while being walkable to everything Banner Elk has to offer!

260 Balsam Lane, Banner Elk

$1,495,000
5 Beds 5 Baths 3,584 SqFt. 2.7 Acres ACTIVE Status
REDUCED! RIVER RUN AT 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.

731 River Run Road, Banner Elk

$4,299,900
5 Beds 6 Baths 4,923 SqFt. 1.079 Acres ACTIVE Status
Welcome to "Almost Heaven," a spectacular mountain retreat nestled in the Great Camp section within the highly sought-after community of The Lodges at Eagles Nest. This custom-built masterpiece, meticulously crafted by Tom Eggers Construction, offers an unparalleled blend of luxury, comfort, and breathtaking natural beauty. From the moment you arrive, you'll be captivated by the serene ambiance and the grandeur of your surroundings. This magnificent residence spans across multiple levels, providing ample space for relaxation and entertainment. Boasting five generously sized bedrooms, each accompanied by its own en suite bathroom, "Almost Heaven" ensures ultimate privacy and convenience for all residents and guests. Step inside and discover an interior that has been professionally decorated. Every detail has been thoughtfully curated to create a cohesive and inviting atmosphere. The design seamlessly blends rustic mountain charm with contemporary sophistication, featuring rich textures, warm color palettes, and bespoke furnishings that enhance the architectural beauty of the home. Expansive windows frame the stunning outdoor vistas, allowing natural light to flood the living spaces and offering constant connection to the picturesque landscape. The heart of the home features an open-concept living area, great for gatherings and creating lasting memories. A gourmet kitchen, equipped with top-of-the-line appliances, custom cabinetry, and premium countertops, will delight even the most discerning chef. Adjacent to the kitchen, the dining area provides an elegant setting for formal meals, while casual dining options are also available. The spacious living room, anchored by a magnificent fireplace, offers a cozy spot to unwind after a day of adventure. Beyond the main living spaces, "Almost Heaven" offers an array of amenities designed for leisure and entertainment. The dedicated game room is a haven for fun. Immerse yourself in the soothing warmth of the hot tub or gather around the inviting fire pit. For ultimate outdoor comfort, an outdoor fireplace provides a charming focal point, extending the usability of your outdoor spaces well into the cooler months. Perhaps the most compelling feature of this extraordinary home is its "huge long range layered sunset views." The convenience of a two-car garage provides ample space for vehicles and storage, adding to the functionality of this exceptional property. Every detail, from the structural integrity by Tom Eggers Construction to the sophisticated interior design, has been meticulously executed to create a residence of unparalleled quality and timeless appeal. Minutes from the Great Camp which hosts a variety of amenities - The Epic Chophouse, 24/7 general store, outdoor amphitheater, mini golf, sports field, volleyball & pickleball, playground, and hiking trails. "Almost Heaven" is more than just a home; it's a lifestyle. It's a place where luxury meets nature, where every comfort is considered, and where memories are made against a backdrop of spectacular mountain scenery. Whether you're seeking a permanent residence, a luxurious vacation home, or an investment opportunity, this property represents the pinnacle of mountain living in The Lodges at Eagles Nest. Don't miss the chance to experience the magic of "Almost Heaven" for yourself. Schedule your private showing today and prepare to be enchanted by this extraordinary offering.

30 Valley Watch Court, Banner Elk

$3,850,000
5 Beds 5 Baths 4,959 SqFt. 1.2 Acres ACTIVE Status
The Belvédère. Designed for the view. Built for the moment. Set high within Eagles Nest, this modern mountain retreat captures the kind of long-range, layered Blue Ridge views that rarely come available. Positioned within the community’s coveted Sunset Section, this home is oriented to take full advantage of golden hour, where the ridgelines glow and the sky settles into a nightly show that never repeats itself. At over 4,000 feet in elevation, mornings begin above the clouds and evenings transition into unobstructed sunsets stretching across state lines. Situated on approximately 1.2 acres, the home offers nearly 5,000 square feet of thoughtfully designed living space, with floor-to-ceiling glass framing the landscape from nearly every room. Natural materials including white pine ceilings, exposed beams, and stone accents bring warmth and balance to the modern architecture. The kitchen is both functional and refined, centered around a marble waterfall island, premium appliances, and a layout designed to flow seamlessly into the main living and dining spaces. The primary suite on the main level is quietly tucked away, offering a spa-like bath and uninterrupted mountain views. The lower level is built for hosting, complete with a custom bar, media and game space, and additional guest accommodations. Expansive covered decks extend the living experience outdoors, anchored by a hot tub and multiple vantage points to take in the surrounding ridgelines. Extensive landscaping, integrated lighting, and carefully placed stonework create a strong sense of arrival while maintaining a natural, elevated setting. Ownership here extends beyond the home itself. Within Eagles Nest, a private, gated mountain enclave, residents have access to a curated collection of amenities designed for a more refined outdoor lifestyle. Enjoy private access to the Elk River for world-class trout fishing, dining at Epic Chophouse, and gathering at the Sportsman’s Lodge. The community also features a private winery, miles of maintained UTV and hiking trails, a state-of-the-art fitness center, outdoor amphitheater, and even a dedicated helipad for seamless arrival and departure. This is a setting built for those who value privacy, access, and experience at a higher level. A rare opportunity to own a true view-driven property in one of the most sought-after sections of Eagles Nest.

404 Silver Eagle Trail, Banner Elk

$5,850,000
5 Beds 7 Baths 7,055 SqFt. 1.03 Acres ACTIVE Status
Celebrate Freedom with $100,000 in Savings - 4th of July Special! Located in the coveted Sunset Section of The Lodges at Eagles Nest, the Eagles Nest Glass House is an exceptional custom estate redefining mountain living through masterful design and craftsmanship. Developed over three years, this architectural showcase occupies 1.033 acres, where rugged natural beauty blends seamlessly with refined elegance. The residence offers 7,055 sq ft of heated living space, excluding the three-car garage. Perched at 4,400 feet elevation, it commands panoramic views spanning North Carolina to Tennessee mountains, framed by awe-inspiring sunsets. The exterior presents a stylish mountain retreat with white pine-stained wood siding, expansive windows, and rustic metal beams. Over $250,000 was invested in professional landscaping, featuring natural boulders, enhanced lighting, and intricate hardscaping that create an impressive arrival experience. Outdoor living shines with 860+ sq ft of decking, a large hot tub, hand-laid stone pillars, and custom steel beams designed to highlight the sweeping vistas. An inviting fire pit promises memorable evenings beneath the stars. Entry by a grand custom glass door reveals a great room with soaring two-story glass walls that flood the interior with natural light while framing the stunning surroundings. Nickel gap white pine-stained ceilings with rustic beams combine rustic warmth and modern elegance, accented by hand-laid rock, light-toned floors, and a custom rusted gas fireplace. The gourmet kitchen impresses with Onyx Waterfall Island countertops, stainless steel appliances, and a wine cooler. The lower level houses a large custom bar, wine cellar, and a flexible bonus room suited for theater, family gatherings, or games. Throughout are handmade floating handmade stairs, custom wood ceilings, stone accents, custom glass windows, and exterior stonework. There are five spacious bedrooms, each with meticulously finished bathrooms featuring hand-laid stone, marble, various tiles, and teakwood benches. Two additional half-baths are located on each floor. Two generous primary suites, one on the main level and one on the lower level, feature spa-inspired bathrooms and conveniently located adjacent utility rooms. Above the garage, featuring hand painted bronze epoxy floors, lies a distinctive bunk room with a full bath and an expansive rec room. Roughly half of this 275 sq ft area features ceiling heights between 5 and 7 feet. Residents enjoy an extensive amenity offering including ATV and hiking trails, ropes course, playground, dog park, mini-golf, disc golf, archery, versatile sports fields, and courts for volleyball, basketball, tennis, and pickleball. Enjoy world class trout fishing along the Elk River with over 2000 ft of river frontage. Dining options include Eagles Nest Winery, Epic Chophouse and The Sportsman’s Grille. Additional amenities include a 24-hour Dollar General, an outdoor amphitheater offering live entertainment on Saturday evenings from May through October, fitness center, and two helicopter pads. This estate transcends standard mountain homes by flawlessly combining luxury, nature, and architectural brilliance, inviting an elevated mountain lifestyle. Adjacent to this property, a 4,959 sq ft neighboring estate (MLS #258350) is also available, presenting a rare opportunity for main and guest house combination. 4 year home warranty provided

294 Silver Eagle Trail, Banner Elk

$1,099,000
5 Beds 6 Baths 3,978 SqFt. 5.73 Acres ACTIVE Status
Welcome to Mountainside Lodge, a fully furnished custom log retreat set on 5.73 private acres in the heart of historic Valle Crucis. Offering nearly 4,000 square feet, five bedrooms and seven sleeping areas, this expansive property is designed to host, gather and generate potential income, delivering exceptional value at $1,150,000. An additional 544 square feet of heated finished living space above the garage, used as a game room, is not included in the total square footage. Originally operated as a bed and breakfast and now a successful vacation rental, the home is thoughtfully configured with five private bedroom suites, each with an en-suite bath, allowing guests to enjoy comfort and privacy. Multiple indoor and outdoor gathering spaces make it easy to accommodate large groups, creating an ideal setting for family retreats, group vacations or potential income-producing stays. The main living area is anchored by a double-sided stone gas fireplace, complemented by a warm log interior that reflects classic mountain design with updated finishes. The oversized kitchen is built for connection and entertaining, featuring three ovens, a large central island and multiple refrigeration options, allowing for seamless hosting of large gatherings. A separate heated game room above the garage provides an additional private retreat, complete with a pool table, air hockey, dart board and large television. This flexible space allows guests to gather and unwind without disrupting the main living areas. Outdoor living is a defining feature of the property. A wraparound covered porch offers multiple seating areas, outdoor dining space and a swing, while the hot tub and fire pit overlook wooded surroundings and mountain views. A fenced area for pets is conveniently accessed directly from the wraparound deck, adding functionality and ease for pet owners. Recent improvements include a metal roof installed in 2022, paved driveway and exterior enhancements, contributing to long-term durability and accessibility. The property also offers an oversized two-car garage and ample parking for guests. Just minutes from Valle Crucis Community Park, the Watauga River and a short drive to Banner Elk, Boone and Blowing Rock, the home provides convenient access to hiking, fishing, skiing and year-round High Country attractions. With its established rental history, ability to accommodate large groups and turnkey furnishings, this property presents a compelling opportunity for a private mountain estate, vacation home or potential income-producing investment property. Rental evaluation available upon request. A distinctive mountain retreat where space, setting and versatility come together to support memorable gatherings and long-term value. At the time the sellers purchased the home, radon levels were found to be slightly elevated. Should the buyers elect to re-test and confirm that levels remain elevated, the sellers are willing to offer a credit at closing toward the installation of a radon mitigation system.

1709 Broadstone Road, Banner Elk

$630,000
5 Beds 4 Baths 2,337 SqFt. 0.9500000000000001 Acres ACTIVE UNDER CONTRACT Status
Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.

132 Heather Lane, 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.”