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For sale
  • $8,499,000

    270 Osprey Drive, Banner Elk, NC 28604

    5beds
    8,817sqft
    : 
    $49,654/mo
    Get pre-qualified
    Single Family Residence
    Built in 2025
    3.19 Acres Lot
    $7,820,300 Zestimate®
    $964/sqft
    $505/mo HOA

    What's special

    Natural stoneTimber columnsAdditional heated flex spaceArchitectural shinglesTheater roomHalf bathDual dishwashers
    Welcome to Iron Horse Lodge, a newly constructed custom estate offering 8,817 square feet of heated living area within The Lodges at Eagles Nest, just minutes from downtown Banner Elk, Great Camp Amphitheater, and Epic Chophouse. Designed as a primary residence with an uncompromising approach to quality, the home showcases refined mountain-modern architecture with natural stone, horizontal wood siding, architectural shingles, standing seam metal accents, timber columns, and Edge Vesta steel siding in select hard-to-reach areas for added durability. A custom-engineered steel beam foundation allows for a cantilevered design over the mountainside, maximizing structural integrity and long-range Blue Ridge Mountain views. An easily accessible driveway provides ample guest parking, complemented by an oversized two-car garage and an additional single-car garage. A thoughtfully designed mudroom with built-in laundry, drop zone, and custom dog wash adds everyday function. Inside, oversized glass barn-style doors open to a welcoming foyer and wine/cocktail lounge. A dedicated office with custom architectural doors leads into an expansive living and dining area, where fully retractable glass doors connect to a sprawling deck with sunset views. The chef’s kitchen features Thermador Professional Series appliances, dual dishwashers, a wet bar/coffee station with sink and refrigerated drawers, and a well-appointed butler’s pantry with built-in desk, storage, and prep space. The main-level primary suite offers a fireplace, coffee bar, beverage fridge, sink, expansive mountain views, and direct deck access to a Bullfrog 6+ person hot tub. The spa-like bath includes a soaking tub, dual-head shower, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a second en suite bedroom is joined by an additional bedroom with nursery, hidden door access, and spacious walk-in closet. A large shared bath offers a soaking tub and dual-head shower, while a covered deck captures elevated views. The lower level expands the home’s lifestyle offerings with a spacious family room, bunkroom suite with full bath, gym, half bath, wellness room with cold plunge and infrared sauna, theater room, and additional heated flex space. A partially covered deck extends the living area outdoors for quiet mornings, cool summer afternoons, and year-round mountain enjoyment. Offered fully furnished with select exclusions, Iron Horse Lodge presents a rare opportunity to own a move-in ready, professionally designed mountain retreat without the wait. Interior design by Lucy and Company delivers a bold, curated aesthetic recognized for its presence in luxury publications.
    60 days
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    1,583
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    100
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    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Hilton 980-875-0033,

    IVESTER JACKSON HIGH COUNTRY LLC

    Source: High Country AOR,MLS#: 261092MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 4
      • 1/2 bathrooms: 2
      Heating
      • Electric, Forced Air, Gas, Heat Pump, Other, See Remarks
      Cooling
      • Other, See Remarks, 3+ Units
      Appliances
      • Included: Convection Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, ENERGY STAR Qualified Appliances
      • Laundry: Washer Hookup, Dryer Hookup, Main Level
      Features
      • Wet Bar, Carbon Monoxide Detector, Cathedral Ceiling(s), Furnished, Hot Tub/Spa, Sound System, Sauna, Home Theater, Vaulted Ceiling(s), Wired for Sound, Window Treatments
      • Windows: Window Treatments
      • Basement: Finished,Other,See Remarks
      • Number of fireplaces: 3
      • Fireplace features: Three, Gas, Other, See Remarks, Stone, Vented, Wood Burning, Outside
      • Furnished: Yes
      Interior area
      • Total structure area: 9,353
      • Total interior livable area: 8,817 sqft
      • Finished area above ground: 5,118
      • Finished area below ground: 3,699
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Asphalt, Attached, Driveway, Garage, Oversized, Three or more Spaces
      • Has attached garage: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Composite, Covered, Multiple, Open
      • Exterior features: Hot Tub/Spa
      • Has spa: Yes
      • Spa features: Hot Tub
      • Has view: Yes
      • View description: Long Range
      • Waterfront features: Pond
      Lot
      • Size: 3.19 Acres
      Details
      • Parcel number: 18390087284600000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Frame, Other, Steel Frame, Stone, See Remarks, Wood Siding
      • Foundation: Basement
      • Roof: Architectural,Metal,Shingle
      Condition
      • Year built: 2025

      Utilities & green energy

      • Electric: Generator
      • Sewer: Septic Permit 5 or More Bedroom, Septic Tank
      • Water: Private, Well
      • Utilities for property: High Speed Internet Available, Septic Available
      Green energy
      • Energy efficient items: Appliances, Insulation

      Community & HOA

      Community
      • Features: Dog Park, Fitness Center, Fishing, Gated, Pickleball, River, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
      • Security: Security System, Closed Circuit Camera(s)
      • Subdivision: The Lodges At Eagles Nest
      HOA
      • Has HOA: Yes
      • HOA fee: $6,060 annually
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $964/sqft
      • Tax assessed value: $2,503,600
      • Annual tax amount: $10,014
      • Date on market: 5/22/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $7,820,300

        $7.43M - $8.21M

        $7,058/mo

        Price history

        DateEventPrice
        5/22/2026Listed for sale$8,499,000+2437%$964/sqft
        Source: Canopy MLS as distributed by MLS GRID #4373242 Report a problem
        11/19/2020Sold$335,000$38/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,014 +101.9%$2,503,600 +101.9%
        2024$4,960 +267.4%$1,240,100 +267.4%
        2023$1,350 -91.4%$337,501 -91.4%
        2022$15,646 +1037.9%$3,911,600 +1464.6%
        2021$1,375 $250,001 +0%
        2020$1,375 $250,000
        2019$1,375 $250,000
        2018$1,375 $250,000 +525%
        2017$1,375 $40,000
        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: Freedom Trail
        • Middle: Avery
        • 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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