321 Grays Shadow Lane, Banner Elk NC
- 3 Bed
- 3 Bath
- 1295 ft2
- 7.3 ac
For Sale $1,100,000
Remarks:
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.
General Information:
| List Price: | $1,100,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1295 sqft |
| Parking: | Basement |
| MLS Number: | CAR4402280 |
| Subdivision: | none |
| Style: | Cabin |
| Bathrooms: | 3 |
| Lot Description: | Adjoins Forest, Hilly, Level, Sloped, Creek/Stream, Views, Wooded |
| Year Built: | 2002 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Valle Crucis |
| Middle: | Valle Crucis |
| High: | Watauga |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-21-2026 | Listed | $1,100,000 | $850 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Grandfather Academy | 5 miles | 01-07 | 1 |
| Valle Crucis Elementary | 5 miles | PK-05 | 8 |
| Blowing Rock Elementary | 7 miles | KG-06 | 10 |
| Cove Creek Elementary | 9 miles | PK-05 | 7 |
| Hardin Park Elementary | 9 miles | PK-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 321 Grays Shadow Lane, Banner Elk NC | 0 mi | $1,100,000 | days | |
| 556/558 Thorncliff Drive, Seven Devils NC | 1.2 mi | $1,199,000 | days | |
| 560 Laurel Ridge Road, Banner Elk NC | 1.2 mi | $344,900 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28604
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Wright Brokers with Hyatt in the High Country
321 Grays Shadow Lane, Banner Elk NC is a 1295 ft2 on a 7.330 acres lot. This is for $1,100,000. This has 3 bedrooms, 3 baths, and was built in 2002.
Based on information submitted to the MLS GRID as of 2026-07-21 02:13:28 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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