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For sale
  • $6,500,000

    224 Chestnut Trail, Banner Elk, NC 28604

    4beds
    6,866sqft
    : 
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    Single Family Residence
    Built in 1993
    4.28 Acres Lot
    $2,563,000 Zestimate®
    $947/sqft
    $542/mo HOA

    What's special

    Refined contemporary finishesUltra-private cul-de-sacBrazilian cherry hardwood floorsEight spectacular waterfallsShimmering pondsGrand cobblestone motor courtSecure four-acre botanical wonderland
    This one-of-a-kind estate home in the exclusive Elk River Club enclave beautifully blends monumental, hand-crafted mountain architecture with refined, contemporary finishes. Prominently positioned on an ultra-private cul-de-sac, the residence features a striking exterior of native field stone and cedar siding framed by a grand cobblestone motor court. Designed for a world-class vehicular collection, the fully climate-controlled, heated, and air-conditioned garage is equipped with custom electric screens that seamlessly drop down when the garage doors are open, creating a pristine, versatile environment. For ultimate peace of mind, the entire estate is supported by a comprehensive, whole-house generator. Inside, the main level boasts warm traditional mahogany walls, Brazilian cherry hardwood floors, and a palatial primary suite complete with a stone fireplace and private study adorned with hand-applied genuine gold leaf. This level of meticulous, bespoke craftsmanship ensures that no detail has been overlooked in creating an environment of unparalleled prestige. For leisure and hosting, the lower level has been transformed into a premier, multi-functional space. Boasting a relaxed family room, a dedicated movie room, and a beautifully appointed full bath, this floor features a kitchenette complete with a microwave, refrigerator, and dishwasher drawer. This self-contained layout functions effortlessly as a private guest suite. Guests are equally accommodated across three additional upper-level suites, ensuring the estate hosts large-scale family gatherings with ease. The interior living spaces connect to the outdoors, where an enchanting morning room offers pristine mountain views through expansive floor-to-ceiling glass. Outside, the property transforms into a secure four-acre botanical wonderland showcasing eight spectacular waterfalls, shimmering ponds, and winding cobblestone trails. This masterfully engineered estate effortlessly harmonizes the grandeur of its natural surroundings with the elite security and seclusion demanded by the modern connoisseur. Ultimately, acquiring this magnificent, generational asset represents far more than a real estate transaction; it offers the rare fulfillment of a true mountain lifestyle dream.
    4 days
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    533
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    38
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    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Foster 828-898-9777,

    Elk River Realty,

    Kylie Clark 828-387-0222,

    Elk River Realty

    Source: High Country AOR,MLS#: 262922MLS LogoOriginating MLS: High Country Association of Realtors Inc.

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      Heating
      • Electric, Forced Air, Fireplace(s), Heat Pump, Propane
      Cooling
      • Central Air, 3+ Units
      Appliances
      • Included: Double Oven, Dishwasher, Electric Water Heater, Induction Cooktop, Microwave, Refrigerator
      • Laundry: Washer Hookup, Dryer Hookup
      Features
      • Attic, Wet Bar, Pull Down Attic Stairs, Skylights, Vaulted Ceiling(s)
      • Windows: Skylight(s)
      • Basement: Crawl Space
      • Attic: Pull Down Stairs,Walk-up
      • Number of fireplaces: 3
      • Fireplace features: Three, Gas, Vented, Propane
      Interior area
      • Total structure area: 6,866
      • Total interior livable area: 6,866 sqft
      • Finished area above ground: 5,362
      • Finished area below ground: 1,504
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Driveway, Garage, Two Car Garage, Oversized
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Patio, Stone
      • Exterior features: Fence
      • Pool features: Community
      • Fencing: Partial
      • Has view: Yes
      • View description: Mountain(s), Seasonal View
      • Waterfront features: Pond
      Lot
      • Size: 4.28 Acres
      • Features: Waterfall
      Details
      • Parcel number: 18480116562400000
      • Zoning description: Residential

      Construction

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

      Utilities & green energy

      • Electric: Generator
      • Sewer: Septic Permit 4 Bedroom
      • Water: Community/Coop
      • Utilities for property: High Speed Internet Available

      Community & HOA

      Community
      • Features: Club Membership Available, Clubhouse, Dog Park, Equestrian Community, Fitness Center, Fishing, Golf, Gated, Pickleball, Pool, River, Airport/Runway, Tennis Court(s), Trails/Paths
      • Security: 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: $947/sqft
      • Tax assessed value: $1,846,700
      • Annual tax amount: $7,386
      • Date on market: 7/2/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $2,563,000

        $2.18M - $3.02M

        $5,081/mo

        Price history

        DateEventPrice
        7/2/2026Listed for sale$6,500,000+389.9%$947/sqft
        Source: High Country AOR #262922 Report a problem
        7/16/2018Sold$1,326,800+23.3%$193/sqft
        Source: High Country AOR #206911 Report a problem
        7/16/2018Listed for sale$1,075,900$157/sqft
        Source: Keller Williams High Country Realty #206911 Report a problem
        6/12/2018Listing removed$1,075,900$157/sqft
        Source: Keller Williams High Country Realty #206911 Report a problem
        4/29/2018Listed for sale$1,075,900$157/sqft
        Source: Keller Williams High Country Realty #206911 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,387 $1,846,700
        2024$7,387 $1,846,700
        2023$7,387 $1,846,700
        2022$7,387 +24.8%$1,846,700 +71.6%
        2021$5,917 $1,075,900
        2020$5,917 $1,075,900
        2019$5,917 $1,075,900
        2018$5,917 $1,075,900 -6.1%
        2017$5,917 +15.5%$1,145,900
        2016$5,124 $1,145,900
        2015$5,124 $1,145,900

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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