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

$5,650,000
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 UNDER CONTRACT 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.”