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

$4,464,900
5 Beds 6 Baths 5,736 SqFt. 1.4 Acres ACTIVE UNDER CONTRACT Status
Welcome to 146 Springwater Lane, an exceptional custom Tom Eggers-designed home in the highly sought-after community of The Lodges at Eagles Nest. Thoughtfully crafted to capture breathtaking sunset views, this impressive mountain retreat offers 5 bedrooms, 5 full baths, and 1 half bath, with gorgeous finishes, generous living spaces, and an effortless connection to the surrounding landscape. Ideally positioned on the front side of the mountain, the home offers both privacy and convenience, with quick and easy access to downtown Banner Elk, dining, shopping, and area attractions. From the moment you enter the stunning foyer, the quality of craftsmanship is immediately apparent. The open-concept main level is anchored by an inviting living room featuring soaring floor-to-ceiling windows that showcase the spectacular long-range sunset views. The kitchen, breakfast dining area, formal dining room, and living room seamlessly blend together, creating an expansive gathering space designed for entertaining and enjoying the mountain setting. A beautifully appointed kitchen is complemented by a convenient butler's pantry, while a separate mudroom entrance provides added functionality for everyday mountain living. The main level offers a spacious primary suite designed as a peaceful retreat, while the home's thoughtful layout provides plenty of room for family and guests. Downstairs, the expansive family room is centered around a dramatic fireplace and features a custom bar, creating the perfect space for game nights, entertaining, or relaxing after a day on the mountain. Three additional bedrooms with ensuites provide exceptional accommodations for guests. A custom bunk room with built-in features adds a fun and functional space for children or overflow guests. With three indoor fireplaces and an outdoor fireplace, the home offers inviting gathering spaces throughout every season. The spacious two-car garage provides ample room for vehicles and could easily accommodate an ATV or additional mountain toys. Beyond the home, The Lodges at Eagles Nest offers an unparalleled collection of amenities for an active mountain lifestyle. Miles of hiking, biking, and ATV trails wind throughout the community, while residents can enjoy tennis, pickleball, basketball, volleyball, an 18-hole putt-putt course, disc golf, and a fully equipped fitness center. Dining options include Epic Chophouse, Eagles Nest Winery, and the Sportsman's Lodge, while the on-site Dollar General provides added convenience. Two helipads offer exceptional accessibility, and the outdoor amphitheater hosts live concerts from May through October. Combining exceptional custom construction, spectacular sunset views, an ideal front-side location, and an extraordinary amenity package, 146 Springwater Lane offers a rare opportunity to experience luxury mountain living at its finest in one of Banner Elk's premier communities.

146 Springwater Lane, Banner Elk

$1,100,000
5 Beds 7 Baths 2,698 SqFt. 0.37 Acres ACTIVE Status
Historic Banner Elk Estate: The Pink House A Distinguished Mountain Legacy Dating to 1912 Originally constructed as The Banner Elk Inn, this architecturally significant residence—affectionately known as “The Pink House”—represents a rare opportunity to own a piece of Banner Elk’s storied heritage. This renovated estate seamlessly marries period authenticity with contemporary luxury, creating an exceptional mountain retreat of unparalleled character. Prime Downtown Location Positioned just 0.3 miles from Banner Elk’s vibrant downtown corridor, this property offers the coveted combination of historic significance and modern convenience. Banner Elk’s finest restaurants, boutique shopping, and cultural attractions are within an easy stroll. Thoughtfully Curated Interiors The residence encompasses 5 bedrooms, 4 full bathrooms, and 3 half baths across three distinctive levels. The home’s historic soul reveals itself in the original parlor, where authentic beadboard walls and period lighting transport guests to a bygone era. The expansive living room, anchored by a gas fireplace and appointed with built-in bookcases, offers both grandeur and comfort with dual-function overhead lighting and ceiling fans. The main floor also features a generously proportioned primary suite with ensuite bathroom and walk-in closet. A mudroom entry provides integrated laundry facilities, complete with washer, dryer, and utility sink. A culinary centerpiece, the reimagined kitchen features custom cabinetry, premium Cafe appliances, and Italian soapstone countertops. A concealed walk-in pantry adds both functionality and intrigue, while the adjacent dining area provides an elegant setting for entertaining. The second level houses four additional bedrooms—two with private ensuite bathrooms—plus a shared full bathroom and convenient half bath. The third level provides two flexible spaces ideal for home offices, guest quarters, or creative pursuits, serviced by an additional half bath. Distinctive Outdoor Spaces Multiple exterior living areas enhance the property’s appeal. Original stone steps descend directly to Main Street, while a covered side porch with swing provides the perfect vantage point for mountain air contemplation. The thoughtfully landscaped grounds feature historic water fountains and an outdoor fireplace, creating intimate gathering spaces. A newly constructed rear patio, enclosed by custom fencing, offers additional privacy and entertaining opportunities. Investment Potential This exceptional property presents multiple ownership possibilities: establish a distinguished primary residence, create an enviable vacation retreat, or explore restoration as a boutique bed and breakfast with appropriate municipal permitting. The combination of prime location, historic provenance, and modern amenities creates a truly singular investment opportunity in Banner Elk’s prestigious real estate market. Broker Interest

160 Old Turnpike East Road, Banner Elk

$420,000
5 Beds 3 Baths 1,875 SqFt. 0.26 Acres ACTIVE Status
Take a fresh look! Complete exterior & interior repaint just completed this month!! Rare Opportunity!! Only listing like this in downtown Banner Elk; Set up as a duplex (but could be used as a single family with a rental income apartment (recently rented both units for total $3000/month! No lease/ tenants in place now to make it easy to show/ sell), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Ready now to move-in!

173 Old Turnpike NW Road, Banner Elk

$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

$3,950,000
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

$7,899,000
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

$1,199,950
5 Beds 5 Baths 3,584 SqFt. 2.7 Acres ACTIVE UNDER CONTRACT 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 UNDER CONTRACT 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

$3,650,000
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 the coveted Sunset Section of Eagles Nest, The Belvédère is a modern mountain retreat offering extraordinary long-range Blue Ridge views and the flexibility to enjoy it as your private mountain home, a luxury vacation rental, or both. In this highly desirable location, the property offers the potential to generate up to $175,000 in annual rental income, depending on occupancy, management, rental strategy, and community guidelines. At more than 4,000 feet in elevation, mornings often begin above the clouds, while evenings deliver unobstructed sunsets stretching across state lines. Situated on approximately 1.2 acres, the home offers nearly 5,000 sqft of thoughtfully designed living space. Floor-to-ceiling glass captures the views from nearly every room, while white pine ceilings, exposed beams, stone accents, and warm natural finishes balance the modern architecture. The kitchen features a marble waterfall island, premium appliances, and an open layout connecting the main living and dining spaces. The main-level Primary Suite offers a spa-inspired bath and uninterrupted mountain views. The lower level is designed for entertaining with a custom bar, media and game space, and additional guest accommodations. Expansive covered decks, a private hot tub, integrated lighting, and extensive landscaping extend the living experience outdoors. Ownership within Eagles Nest includes access to the Elk River, Epic Chophouse, the Sportsman’s Lodge, a private winery, UTV and hiking trails, a fitness center, outdoor amphitheater, and dedicated helipad. A rare opportunity to own a private, view-driven mountain residence and vacation rental in one of Eagles Nest’s most desirable locations.

404 Silver Eagle Trail, 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.”