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For sale
  • $3,950,000

    1122 Summit Park Drive, Banner Elk, NC 28604

    4beds
    5,009sqft
    : 
    $23,469/mo
    Get pre-qualified
    Single Family Residence
    Built in 1993
    5.11 Acres Lot
    $3,653,700 Zestimate®
    $789/sqft
    $542/mo HOA

    What's special

    Paved drivewayExpansive deckCoveted western exposure
    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.
    6 days
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    392
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    30
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeff Vermillion (828)898-3808,

    Engel & Volkers Banner Elk

    Source: High Country AOR,MLS#: 262702MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Electric, Gas, Heat Pump, Hot Water
      Cooling
      • Central Air, Heat Pump, 3+ Units
      Appliances
      • Included: Built-In Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer
      • Laundry: Washer Hookup, Dryer Hookup, Main Level
      Features
      • Wet Bar, Carbon Monoxide Detector, Central Vacuum, Jetted Tub, Skylights, Vaulted Ceiling(s)
      • Windows: Skylight(s)
      • Basement: Crawl Space,Finished
      • Number of fireplaces: 2
      • Fireplace features: Two, Gas, Stone, Vented, Wood Burning
      Interior area
      • Total structure area: 5,239
      • Total interior livable area: 5,009 sqft
      • Finished area above ground: 3,714
      • Finished area below ground: 1,295

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Garage, Two Car Garage, Paved, Private
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Composite
      • Exterior features: Paved Driveway
      • Has spa: Yes
      • Waterfront features: Pond
      Lot
      • Size: 5.11 Acres
      Details
      • Parcel number: 18470108314000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Wood Frame
      • Foundation: Basement
      • Roof: Shake,Wood
      Condition
      • Year built: 1993

      Utilities & green energy

      • Electric: 220 Volts
      • Sewer: Septic Permit 4 Bedroom
      • Water: Community/Coop
      • Utilities for property: Cable Available, High Speed Internet Available

      Community & HOA

      Community
      • Features: Club Membership Available, Clubhouse, Dog Park, Equestrian Community, Fitness Center, Fishing, Golf, Gated, Pickleball, River, Airport/Runway, Tennis Court(s), Trails/Paths
      • Security: 24 Hour Security, Radon Mitigation System
      • Subdivision: Elk River
      HOA
      • Has HOA: Yes
      • HOA fee: $6,505 annually
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $789/sqft
      • Tax assessed value: $1,134,000
      • Annual tax amount: $4,536
      • Date on market: 6/24/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $3,653,700

        $3.47M - $3.84M

        $3,635/mo

        Price history

        DateEventPrice
        7/18/2026Listed for sale$3,950,000+146.9%$789/sqft
        Source: High Country AOR #262702 Report a problem
        1/22/2026Sold$1,600,000-5.3%$319/sqft
        Source: High Country AOR #252485 Report a problem
        8/21/2025Price change$1,690,000-3.4%$337/sqft
        Source: High Country AOR #252485 Report a problem
        8/1/2025Listed for sale$1,750,000$349/sqft
        Source: High Country AOR #252485 Report a problem
        6/30/2025Contingent$1,750,000$349/sqft
        Source: High Country AOR #252485 Report a problem
        11/19/2024Listed for sale$1,750,000$349/sqft
        Source: High Country AOR #252485 Report a problem
        5/22/2024Listing removed--
        Source: High Country AOR #248976 Report a problem
        4/17/2024Listed for sale$1,750,000$349/sqft
        Source: High Country AOR #248976 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,536 $1,134,000
        2024$4,536 $1,134,000
        2023$4,536 $1,134,000
        2022$4,536 -15.6%$1,134,000 +16.1%
        2021$5,372 $976,700
        2020$5,372 $976,700
        2019$5,372 $976,700
        2018$5,372 $976,700 -3.4%
        2017$5,372 +18.8%$1,011,400
        2016$4,523 $1,011,400
        2015$4,523 $1,011,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28604

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Banner Elk
        • High: Avery County

        Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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