Explore Banner Elk, Avery County, NC Homes for Sale Over $2,000,000

Homes for Sale in Banner Elk, Avery County, NC Over $2,000,000

Welcome to your dedicated resource for Homes for Sale Over $2,000,000 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 properties currently available over $2,000,000 below, or contact a local agent to discuss the details that matters most to your search.

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All Banner Elk, Avery County, NC Homes for Sale Over $2,000,000

$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

$2,995,000
4 Beds 5 Baths 2,494 SqFt. 1.172 Acres ACTIVE Status
Stunning Modern Mountain Luxury Home with Breathtaking Views, Included Additional Lot & Prime Location Near the Slopes in The Lodges at Eagles Nest! Built in 2022, this exceptional 4-bedroom, 4.5-bathroom luxury retreat seamlessly blends high-end transitional design with timeless High Country character. Offering 2,502 square feet of thoughtfully crafted single-level living space, this masterpiece features classic log and wood-shingle exterior accents paired with a durable metal roof, complete with the rare convenience of each bedroom featuring its own full bathroom, plus an additional half-bath for guests. Step inside to an inviting open-concept living area anchored by a striking stone fireplace—great for crisp mountain evenings. Outside, the property truly shines: take in breathtaking, panoramic long-range mountain views from your ultimate outdoor spaces, surrounded by meticulous landscaping featuring a beautiful, lush green grass yard and a custom fire pit area designed for cool evenings under the stars. The Possibilities Are Endless: This incredible offering sits on a beautiful 1+ acre lot, with the adjoining 1+ acre lot included in the purchase price. Live comfortably in the current modern luxury home while building a spec home on the second lot as an investment to resell or create your ultimate custom dream estate and transition the original home into a high-end short-term rental. Nestled within the premier gated community of The Lodges at Eagles Nest, you are just moments away from world-class community amenities, hiking trails, near local ski slopes, and a short drive to the charm of downtown Banner Elk, Beech Mountain, and local dining favorites. This is a rare opportunity to purchase a premier mountain sanctuary and a valuable building parcel all in one!

861 Talon Trail, Banner Elk

$2,950,000
4 Beds 5 Baths 6,356 SqFt. 1 Acres ACTIVE Status
Set along the banks of the Watauga River in the coveted Glens of Grandfather, this exceptional 4-bedroom, 4.5-bath mountain retreat offers a rare combination of riverfront living, refined craftsmanship, and extensive luxe updates. Situated on a secluded 1-acre setting with a 2-car garage, the home has been beautifully enhanced to embrace both its natural surroundings and effortless year-round entertaining. The main level welcomes you with remarkable reclaimed quarter-sawn wood flooring, recaptured from the 1800s, throughout the living areas and primary bedroom. The second floor features select plain-sawn wood flooring with character, adding warmth and mountain charm. A remodeled gourmet kitchen is equipped with premium Thermador appliances, including a steam oven, warming drawer, and other high-end appointments designed for the serious chef. The dining room features a custom window, while a new wood-and-glass front door and upgraded lighting fixtures enhance the home’s welcoming character. The spacious primary suite is a true retreat. Its remodeled bath features heated floors, an oversized freestanding soaking tub, and an expansive shower with dual shower heads. A custom picture window above the tub brings the surrounding beauty indoors. Throughout the home, recessed lighting has been added and upgraded, with LED lighting throughout for modern efficiency. Upstairs, the home has been thoughtfully reconfigured with an additional bedroom and full bathroom, along with remodeled existing bath spaces and new mini-split units in the guest rooms. The theater room downstairs and Camp Bunkroom upstairs feature new carpet, while a beautifully designed Speakeasy-style Bar creates an unforgettable space for entertaining on the main level. A bonus shower with a separate side entrance offers added convenience and can double as a dog-washing station. Outdoor living is equally impressive. The deck has been expanded to nearly twice its original size, creating generous space for dining, lounging, and taking in the sounds of the river. Landscape lighting illuminates the front and rear grounds, while the river itself has been thoughtfully lighted for magical nighttime viewing. A new sliding glass door provides easy access to the deck, and new paddle fans throughout keep living spaces comfortable. Additional upgrades include a commercial-grade enhanced Wi-Fi system, brand-new washer and dryer, upgraded LED lighting, new paddle fans, and numerous custom improvements throughout. Every detail has been considered to create a home that is as comfortable and functional as it is distinctive. With direct Watauga River frontage, an acre of serene mountain surroundings, exceptional craftsmanship, and an extensive list of recent improvements, this is a truly special Grandfather-area retreat—designed for gathering, relaxing, entertaining, and enjoying the beauty of the High Country in every season.

232 The Glens Boulevard, Banner Elk

$2,399,000
6 Beds 6 Baths 2,982 SqFt. 1.92 Acres ACTIVE Status
Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, for additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.

419 Summit Trail, 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

$3,450,000
4 Beds 5 Baths 4,260 SqFt. 3.283 Acres ACTIVE Status
First Time on the Market! Motivated Seller—Price Reduced After Only A Month On The Market. Welcome to this Exceptional Custom One-Level Living Mountain Estate situated on 3.28 acres, Lots 47 (1.50 acres) and 48 (1.78 acres) have been combined but may be split, making Lot 47 the last upper view lot available for building in The Farm. Thoughtfully designed and built by a renowned custom home builder as his own personal summer residence. Completed in April 2023, this one-of-a-kind home showcases superior craftsmanship, premium materials, and meticulous attention to detail throughout. Perfectly positioned on one of the highest and largest homesites in The Farm at Banner Elk, this spectacular property sits at approximately 4,000 feet in elevation, offering breathtaking Grandfather Mountain profile views while providing the rare combination of in-town convenience and the peaceful feel of a private gated country retreat. Designed for both luxury and longevity, the home features a maintenance-free exterior—a significant advantage over many traditional mountain homes—as well as top-of-the-line Pella Architectural Low-E DP50 top wind rated insulated windows and doors for outstanding energy efficiency and comfort. Quartz or Granite countertops throughout the home. Premium Thermador appliances. Additional features include a lightning protection system, a Sonos sound system throughout the home, a central vacuum system, and a Rinnai tankless water heater. Offering approximately 4,300 square feet of heated living space, this 4-bedroom, 4.5-bath residence is ideal for everyday living and entertaining. *Only the large Family Room fireplace can be converted to woodburning if new owner chooses to do so. Enjoy the comfort of a heated master bathroom floor. Outdoor living is elevated with an incredible 1,000-square-foot covered view deck complete with a summer kitchen featuring a built-in grill, refrigerator, sink, stone fireplace, and television—perfect for enjoying the cool mountain air and unforgettable sunsets. Car enthusiasts and hobbyists will appreciate the impressive 1,500+-square-foot garage, accommodating 4 to 6 vehicles, garage has a 50 amp hookup for EV charging while the home encompasses an impressive 6,877 square feet under roof including deck. Being offered fully furnished and professionally decorated (excluding seller-designated items), this turnkey mountain retreat also includes the adjacent homesite, providing added privacy, the opportunity to build another home, or the flexibility to sell the additional lot in the future. This is a rare opportunity to own one of Banner Elk's finest custom homes—where luxury, quality, location, and spectacular mountain views come together in an extraordinary offering.

534 Farm Loop Road, Banner Elk

$3,950,000
4 Beds 5 Baths 5,009 SqFt. 5.11 Acres ACTIVE Status
Rarely does a home become available with a setting as sought-after as 1122 Summit Park Drive. Perched along the top section of the highest road in Elk River Club, this exceptional mountain residence captures a coveted western exposure and spectacular long-range views stretching across layered ridge lines. Begin the day with coffee on the deck in the cool mountain air, then gather in the evening to watch the sky come alive with the beautiful colors of sunset. With more than 3,400 square feet of outdoor decking, there is abundant space for dining, entertaining or simply relaxing above the mountains. Completely renovated practically down to the studs, the home presents mountain luxury at its finest. Every window, wall, floor and interior space was carefully scrutinized and evaluated to enhance beauty, comfort, function and efficiency. Added insulation and energy-conscious improvements help keep the home comfortably cool in summer and warm throughout the winter. Refinished wood floors bring warmth and character to the living areas, while premium exterior improvements include the DaVinci shake roof and low-maintenance Trex composite decking designed for lasting enjoyment. The thoughtfully reimagined bathrooms were expanded and apportioned to provide larger showers and a more comfortable, spa-like experience. The renovated kitchen features new appliances, and three new heat pumps with gas furnaces provide modern, dependable year-round comfort. The basement level has been finished, adding approximately 1,300 square feet of heated living area and creating valuable flexibility for guests, recreation, a home office, fitness space or additional gathering areas. A paved driveway and fresh landscaping complete the extensive list of improvements and provide an inviting arrival. This remarkable property is nestled at the pinnacle of Elk River Club, where privacy, dramatic scenery and an elevated lifestyle come together. Whether hosting family and friends, enjoying a quiet mountain escape or savoring an unforgettable sunset from the expansive deck, every day here feels like a retreat. Elk River Club offers a 24-hour manned gate with an exceptional collection of amenities, including its renowned Jack Nicklaus-designed championship golf course, state-of-the-art equestrian center with a 30-stall barn, six Har-Tru tennis courts, pickleball courts, fitness center, swimming pool and an elegant main clubhouse with club dining. Members can also enjoy the casual Riverside Grill and inviting fire pits—perfect places to gather after a day of golf, riding, tennis or exploring the beauty of the High Country. 1122 Summit Park Drive is more than a mountain home; it is a front-row seat to one of Elk River’s most magnificent views and the very best of the club lifestyle.

1122 Summit Park Drive, Banner Elk

$2,975,000
4 Beds 5 Baths 4,801 SqFt. 1.09 Acres ACTIVE Status
Where mountain elegance meets modern innovation, this exceptional Elk River Club residence offers refined living in one of the community's most sought-after locations. A 3 minute golf cart ride down to the clubhouse is perfectly positioned up past the tennis courts on Elk Knob Drive making dinner, golf, fitness, and social events easily accessible. A flat grassy lot next door and flat cul-de-sac yield a favorable space to walk your dog. Thoughtfully designed for both everyday living and gracious entertaining, the home features four spacious bedroom suites, each with an en-suite bathroom at hand. The main-level primary suite serves as a peaceful retreat with his and hers closets, direct access to the refinished deck, inviting you to enjoy cool mountain mornings and tranquil evenings surrounded by nature. The welcoming great room showcases soaring vaulted tongue-and-groove ceilings, a dramatic wall of windows, and refinished maple hardwood floors that fill the home with warmth and natural light while framing beautiful mountain views. The newly renovated chef's kitchen blends timeless design with exceptional functionality, highlighted by a stunning natural marble island with seating, a Viking Series 7 gas range, Sub-Zero refrigerator and freezer, wine cooler, and premium finishes throughout. The home is tech-updated with 7 flat screen tv's, central climate controlled unit with built in dehumidifier, and hot water recirculation unit for immediate hot water. Step outside to expansive Ipe Brazilian hardwood decking where northern mountain views create the perfect backdrop for entertaining or quiet relaxation. An outdoor grill makes alfresco dining effortless while enjoying the refreshing High Country climate. The beautifully proportioned lower level is designed with comfort and entertaining in mind, it features a full-size wet bar with seating, an inviting sitting room, leather game table, handsome stone fireplace, and separate office. Ownership at Elk River Club extends an unparalleled club lifestyle centered around the championship Jack Nicklaus Signature golf course, where pristine fairways are framed by the Blue Ridge Mountains. Members also enjoy a state-of-the-art 30-stall equestrian center, tennis and pickleball courts, a fully equipped fitness center, and some of the High Country's finest trout fishing. Whether your perfect day begins with an early tee time, a scenic horseback ride, an afternoon on the courts, or a quiet evening with friends at the clubhouse, this remarkable property offers an exceptional opportunity to experience mountain luxury at its finest.

35 Crestview Lane, 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

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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.”