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For sale
  • $3,200,000

    133 Summit Ledges Lane, Banner Elk, NC 28604

    3beds
    4,592sqft
    : 
    $20,067/mo
    Get pre-qualified
    Single Family Residence
    Built in 2008
    2.06 Acres Lot
    $2,939,200 Zestimate®
    $697/sqft
    $542/mo HOA

    What's special

    Newly refinished wood floorsRefinished deckFlexible floor planSpacious covered deckSweeping western viewsElevated setting offers privacy
    Nestled along the top ridge of the Elk River community, this luxurious mountain residence captures in demand sweeping western views and unforgettable sunsets, a picturesque glimpse of the community’s equestrian center below. The amazing home can be set up as four- or five-bedrooms with four and a half bathrooms. Designed to embrace its surroundings, the home features a spacious covered deck with an impressive outdoor covered stone fireplace. It is the perfect place to begin the day with coffee in the cool mountain air, gather with friends beside the fire or watch the sky transform with vibrant pink and purple hues as the sun sets across the layered peaks. The elevated setting offers privacy in one of Banner Elk’s most distinguished communities. Inside, newly refinished wood floors add warmth and timeless mountain character. Recent improvements include fresh interior and exterior paint and a refinished deck, giving the residence a polished, well-maintained appearance. Primary bedroom, with his and hers closets, make for single floor living. The flexible floor plan allows the property to function comfortably with extra bedrooms or workshops. A spacious bedroom above the garage, complete with a full bath, provides an ideal retreat for guests, extended family or older children and could also serve as an office or artist's workshop. FloLogic leak detection and automatic water shut off system in place. One-touch effortless mechanized window shades for seamless hand-free opening and closing. The home is heated by two efficient propane furnaces with an automatically serviced by an underground 1,000 gallon propane tank. A desirable grassy yard offers usable outdoor space where children can play and dogs can roam and enjoy the mountain air. Elk River Club complements the home’s setting with an impressive collection of amenities. Members enjoy the renowned Jack Nicklaus-designed championship golf course and short-game practice facilities, six Har-Tru tennis courts, a fitness center and an elegant clubhouse with three dining venues. The club’s abundant social calendar also includes painting workshops, a member art show and groups for bridge, gin rummy and Mahjong, offering many opportunities to connect with neighbors and friends. With its premier ridge-top location, western exposure, flexible accommodations and inviting indoor-outdoor living, this remarkable residence presents a rare opportunity to experience luxury and the natural beauty of the North Carolina High Country.
    2 days
    314
    27

    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#: 264195MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Electric, Fireplace(s)
      Cooling
      • Central Air
      Appliances
      • Included: Built-In Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer
      • Laundry: Main Level
      Features
      • Tray Ceiling(s), Furnished, Jetted Tub, Vaulted Ceiling(s), Window Treatments
      • Windows: Window Treatments
      • Basement: Finished
      • Number of fireplaces: 3
      • Fireplace features: Three, Gas, Stone, Vented, Outside, Propane
      • Furnished: Yes
      Interior area
      • Total structure area: 5,005
      • Total interior livable area: 4,592 sqft
      • Finished area above ground: 2,804
      • Finished area below ground: 1,788

      Property

      Parking
      • Total spaces: 2
      • Parking features: Asphalt, Attached, Driveway, Garage, Two Car Garage
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Multiple
      • Exterior features: Fence
      • Pool features: Community
      • Has spa: Yes
      • Fencing: Partial
      • Has view: Yes
      • View description: Long Range, Pasture
      Lot
      • Size: 2.06 Acres
      Details
      • Parcel number: 18480004738300000
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Mountain
      • Property subtype: Single Family Residence
      Materials
      • Stone, Wood Siding, Wood Frame
      • Foundation: Basement
      • Roof: Shake,Wood
      Condition
      • Year built: 2008

      Utilities & green energy

      • Sewer: Private Sewer, Septic Tank
      • Water: Community/Coop
      • Utilities for property: High Speed Internet Available, Septic Available

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $697/sqft
      • Tax assessed value: $1,290,500
      • Annual tax amount: $5,162
      • Date on market: 9/18/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $2,939,200

        $2.79M - $3.09M

        $7,367/mo

        Price history

        DateEventPrice
        9/18/2026Listed for sale$3,200,000+137%$697/sqft
        Source: High Country AOR #264195 Report a problem
        6/14/2021Sold$1,350,000-15.1%$294/sqft
        Source: High Country AOR #227987 Report a problem
        5/3/2021Pending sale$1,590,000$346/sqft
        Source: Engel & Volkers #227987 Report a problem
        5/3/2021Contingent$1,590,000$346/sqft
        Source: High Country AOR #227987 Report a problem
        4/7/2021Price change$1,590,000-6.4%$346/sqft
        Source: High Country AOR #227987 Report a problem
        1/29/2021Listed for sale$1,699,500$370/sqft
        Source: High Country AOR #227987 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,162 $1,290,500
        2024$5,162 $1,290,500
        2023$5,162 $1,290,500
        2022$5,162 -16.8%$1,290,500 +14.4%
        2021$6,204 $1,128,000
        2020$6,204 $1,128,000
        2019$6,204 $1,128,000
        2018$6,204 $1,128,000 -3%
        2017$6,204 +19.3%$1,162,500
        2016$5,199 $1,162,500
        2015$5,199 $1,162,500
        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.
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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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