706 Silver Springs Drive, Banner Elk NC
- 5 Bed
- 6 Bath
- 2234 ft2
- 1.2 ac
For Sale $2,950,000
Remarks:
Welcome to one of Banner Elk’s most distinctive residences-modern elegance meets urban-industrial sophistication. Conceived & curated by Academy Award–winning producers, this bespoke home showcases perfect harmony between natural mountain warmth & cutting-edge design. From hand-selected local timber beams to artisan-crafted furniture, fixtures & lighting sourced from top makers across the country, every detail chosen with intention & aesthetic precision. Privately nestled at the end of a 300-ft driveway in a beautiful gated enclave, the home offers rare, uninterrupted panoramic views of the High Country completely unspoiled by neighboring rooftops-yet only 3 minutes from downtown Banner Elk & less than 10 minutes to the ski lifts. Designed as a sanctuary for both people & pets, property features nearly an acre of beautifully landscaped grounds wrapped in a discreet privacy fence—creating the ultimate off-leash haven for your dogs to roam freely. Luxury meets function in every room.
Exterior Features:
Other - See Remarks
General Information:
| List Price: | $2,950,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2234 sqft |
| Parking: | Driveway, Attached Garage |
| MLS Number: | CAR4275009 |
| Subdivision: | Silver Springs Farm |
| Style: | Rustic |
| Bathrooms: | 6 |
| Year Built: | 2020 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Banner Elk |
| Middle: | Avery County |
| High: | Avery County |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-16-2025 | Listed | $2,950,000 | $1,321 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Grandfather Academy | 1 miles | 01-07 | 1 |
| Valle Crucis Elementary | 7 miles | PK-05 | 8 |
| Bethel Elementary | 9 miles | KG-06 | 5 |
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 |
| 706 Silver Springs Drive, Banner Elk NC | 0 mi | $2,950,000 | days | |
| 372 Silver Springs Drive, Banner Elk NC | 0.1 mi | $689,900 | days | |
| 750 Silver Springs Drive, Banner Elk NC | 0.3 mi | $1,550,000 | days | |
| 552 Penny Lane, Banner Elk NC | 0.6 mi | $749,900 | days | |
| 520 Penny Lane, Banner Elk NC | 0.6 mi | $582,000 | days | |
| 344 & 348 Tumbling Brook Drive, Banner Elk NC | 0.9 mi | $1,998,000 | 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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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28604
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Transportation to Work |
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 Blue Ridge Realty & Investments
706 Silver Springs Drive, Banner Elk NC is a 2234 ft2 on a 1.160 acres Appraisal lot. This is for $2,950,000. This has 5 bedrooms, 6 baths, and was built in 2020.
Based on information submitted to the MLS GRID as of 2025-07-16 10:41:44 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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