Discover the pinnacle of mountain living in this architectural masterpiece! This magnificently crafted marvel is on 7.64 private, landscaped acres within the gates of Elk River. Designed with architectural brilliance and unparalleled craftsmanship. The expansive great room showcases stunning wood and stone elements, soaring ceilings, and a complete bar for entertaining overlooking the dining area with a detailed fireplace. The gourmet kitchen features top-tier appliances custom cabinetry, and opens to a generous screened porch perfect for outdoor living. Retreat to the primary suite with its spa-like bath, including a waterfall shower and soaking tub with views. The home offers two offices, a library, a theater, a personal gym, and two elevators for ultimate convenience. The custom wine cellar with leaded glass is a wine lover's dream. The beautifully landscaped grounds create a serene, private retreat. This estate is a perfect blend of elegance and comfort, offering a truly lavish lifestyle. Not one inch was overlooked! In addition to a Jack Nicklaus signature golf course, Elk River Club members can enjoy the 50,000-square-foot clubhouse, tennis, fitness, and equestrian centers, plus an onsite jetport.
Sold for $15,850,000
$15,850,000
120 Summit Park Drive, Banner Elk, NC 28604
5beds
13,446sqft
Single Family Residence
Built in 2008
7.64 Acres Lot
$13,981,900 Zestimate®
$1,179/sqft
$6,361 Estimated rent
Home value
$13,981,900
Estimated sales range
Not available
$6,361/mo
Zestimate® history
Owner options
List your home for rent
$6,361/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$6,361/mo
Rent Zestimate®
Refinance and save
$95,218/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$95,218/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Robert Garrett (828)773-1491,
Premier Sotheby's Int'l Realty,
Gwen Steele 828-773-4529,
Premier Sotheby's Int'l Realty
Bought with:
Chad Vincent, 200079
BHHS Vincent Properties
Jay Vincent, 65078
BHHS Vincent Properties
Source: High Country AOR,MLS#: 251869
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Heating
- Electric, Forced Air, Fireplace(s), Heat Pump, Propane, Radiant Floor, Zoned
Cooling
- Central Air, Heat Pump, 3+ Units, Zoned
Appliances
- Included: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave, Other, Refrigerator, See Remarks, Warming Drawer, Washer
- Laundry: Main Level, Upper Level
Features
- Wet Bar, Cathedral Ceiling(s), Elevator, Home Theater
- Windows: Double Pane Windows
- Basement: Crawl Space,Unfinished,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Three, Gas, Other, See Remarks, Stone, Vented, Outside, Propane
Interior area
- Total structure area: 16,297
- Total interior livable area: 13,446 sqft
- Finished area above ground: 13,446
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached, Driveway, Garage, Oversized, Paved, Private, Three or more Spaces
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Multiple, Screened
- Exterior features: Elevator, Storage, Paved Driveway
- Pool features: Community
- Has view: Yes
- View description: Long Range, Mountain(s)
Lot
- Size: 7.64 Acres
Details
- Parcel number: 18480002642800000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,See Remarks
- Property subtype: Single Family Residence
Materials
- Masonry, Stone
- Foundation: Basement
- Roof: Other,See Remarks
Condition
- Year built: 2008
Utilities & green energy
- Electric: Generator
- Sewer: Community/Coop Sewer
- Water: Community/Coop, Private
- Utilities for property: High Speed Internet Available
Community & HOA
Community
- Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Long Term Rental Allowed
- Security: Security System, 24 Hour Security, Radon Mitigation System
- Subdivision: Elk River
HOA
- Has HOA: Yes
- HOA fee: $5,496 annually
Location
- Region: Newland
Financial & listing details
- Price per square foot: $1,179/sqft
- Tax assessed value: $7,012,300
- Annual tax amount: $28,049
- Date on market: 9/13/2024
- Listing terms: Cash,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $15,850,000+13.2%$1,179/sqft |
Source:  High Country AOR #251869 Report a problem | ||
| 9/26/2024 | Contingent | $14,000,000$1,041/sqft |
Source: High Country AOR #251869 Report a problem | ||
| 9/13/2024 | Listed for sale | $14,000,000+1020%$1,041/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4178430 Report a problem | ||
| 6/29/2007 | Sold | $1,250,000$93/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $28,049 | $7,012,300 |
| 2024 | $28,049 | $7,012,300 |
| 2023 | $28,049 | $7,012,300 |
| 2022 | $28,049 -26.6% | $7,012,300 +1% |
| 2021 | $38,194 | $6,944,400 |
| 2020 | $38,194 | $6,944,400 |
| 2019 | $38,194 | $6,944,400 |
| 2018 | $38,194 | $6,944,400 +2.9% |
| 2017 | $38,194 +26.6% | $6,745,800 |
| 2016 | $30,167 | $6,745,800 |
| 2015 | $30,167 | $6,745,800 |
Find assessor info on the county website
Neighborhood: 28604
Nearby homes
- $375,000-- bd-- ba-- sqftSummit Park Dr, Banner Elk, NC 28604Off Market
- $2,084,1003 bd6 ba4.6k sqft200 Summit Park Dr, Banner Elk, NC 28604Off Market
- $2,695,3006 bd6 ba8.2k sqft78 Summit Park Dr, Banner Elk, NC 28604Off Market
- $1,209,5003 bd3 ba2.3k sqft2401 Elk River Pkwy, Banner Elk, NC 28604Off Market
- $1,006,3003 bd4 ba2.3k sqft2309 Elk River Pkwy, Banner Elk, NC 28604Off Market
- $2,842,8005 bd5 ba3.3k sqft149 Summit Park Dr, Banner Elk, NC 28604Off Market
- $2,286,6004 bd4 ba3.6k sqft46 Summit Park Dr, Banner Elk, NC 28604Off Market
- $750,0005.92 Acres38 Summit Park Dr, Banner Elk, NC 28604Lot/Land
Nearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 3.1 mi
- 3/10Avery County High SchoolGrades: 9-12Distance: 5.1 mi
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.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$13,981,900
2% more
+$279K
With Zillow Showcase(estimated)
$14.3M
- North Carolina
- Avery County
- Banner Elk
- 28604
- 120 Summit Park Drive
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Banner Elk Topics
