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.
For sale
$6,500,000
224 Chestnut Trail, Banner Elk, NC 28604
4beds
6,866sqft
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
- 4 days |
- 533 |
- 38 |
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#: 262922
Originating 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
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $6,500,000+389.9%$947/sqft |
Source: | ||
| 7/16/2018 | Sold | $1,326,800+23.3%$193/sqft |
Source: | ||
| 7/16/2018 | Listed for sale | $1,075,900$157/sqft |
Source: Keller Williams High Country Realty #206911 Report a problem | ||
| 6/12/2018 | Listing removed | $1,075,900$157/sqft |
Source: Keller Williams High Country Realty #206911 Report a problem | ||
| 4/29/2018 | Listed for sale | $1,075,900$157/sqft |
Source: Keller Williams High Country Realty #206911 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $1,145,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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-DependentNearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 3.1 mi
- 3/10Avery County High SchoolGrades: 9-12Distance: 5.8 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.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Avery County
- Banner Elk
- 28604
- 224 Chestnut Trail





