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For sale
  • $1,100,000

    321 Grays Shadow Lane, Banner Elk, NC 28604

    3beds
    2,215sqft
    : 
    $6,025/mo
    Get pre-qualified
    Single Family Residence
    Built in 2002
    7.33 Acres Lot
    $1,015,500 Zestimate®
    $497/sqft
    $-- HOA

    What's special

    Unique foscoe log cabinSeasonal mountain viewsBeautiful rock outcroppingsVaulted ceilingsNatural wooded settingWarm wood accentsLaundry room
    Unique Foscoe log cabin opportunity on 7.33 acres backing up to Grandfather Mountain State Park land. Ideally located between Boone and Banner Elk, this 3 bedroom, 2.5 bathroom cabin offers over 2,200 square feet of living space, an oversized 2-car garage, seasonal mountain views, and room to enjoy, expand, or create a true High Country retreat. With no HOA, no deed restrictions, light Foscoe-Grandfather zoning, and short- and long-term rentals permitted, this property offers excellent flexibility for personal use, investment, or future buildout. The cabin features a desirable open floor plan with one-level living, vaulted ceilings, warm wood accents, abundant windows for natural light, and a gas fireplace in the main living area. The main level includes a generously sized living room, dining area, pantry, laundry room, guest half bath, and spacious primary suite with en-suite bathroom and walk-in closet. A large 550+ square foot deck is accessed from both the main living area and primary bedroom, creating a great outdoor living space with wiring already in place for a hot tub. Upstairs offers two additional bedrooms, a full bathroom, and a large loft area, providing excellent space for guests, office use, or a second living area. The land is a special part of this offering, with a mix of flat and sloping terrain, a natural wooded setting, beautiful rock outcroppings, a creek, and additional potential building sites. Seasonal mountain views may be enhanced with selective tree work. The oversized basement garage offers room for two vehicles stacked, storage, workshop space, or mountain toys. Whether you envision a generational homeplace, guest cabins, rental opportunities, or simply keeping the acreage natural and private, this property provides a rare combination of acreage, location, flexibility, and proximity to Grandfather Mountain State Park. Minutes from grocery, restaurants, parks, Grandfather Vineyard, and more, with Boone and Banner Elk approximately 15 minutes away.
    16 days
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    722
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    24
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    Zillow last checked:

    Listing updated:

    Listed by:

    Nate Wright 828-457-5104,

    Wright Brokers with Hyatt in the High Country,

    Kelsey Wright 828-773-6057,

    Hyatt In The High Country, Inc.

    Source: High Country AOR,MLS#: 263081MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • Electric, Fireplace(s), Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer
      • Laundry: Washer Hookup, Dryer Hookup, Main Level
      Features
      • Furnished, Vaulted Ceiling(s)
      • Basement: Other,See Remarks,Unfinished
      • Has fireplace: Yes
      • Fireplace features: Gas, Propane
      • Furnished: Yes
      Interior area
      • Total structure area: 2,215
      • Total interior livable area: 2,215 sqft
      • Finished area above ground: 2,215
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Basement, Driveway, Garage, Two Car Garage, Gravel, Other, Private, Shared Driveway, See Remarks
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open
      • Exterior features: Gravel Driveway
      • Has view: Yes
      • View description: Mountain(s), Seasonal View
      Lot
      • Size: 7.33 Acres
      Details
      • Parcel number: 1878418765000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Log Home,Mountain
      • Property subtype: Single Family Residence
      Materials
      • Log, Wood Siding, Wood Frame
      • Foundation: Basement
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 2002

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Other, See Remarks, Well
      • Utilities for property: Cable Available, High Speed Internet Available, Septic Available

      Community & HOA

      Community
      • Features: Long Term Rental Allowed, Short Term Rental Allowed
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Banner Elk

      Financial & listing details

      • Price per square foot: $497/sqft
      • Tax assessed value: $394,300
      • Annual tax amount: $1,717
      • Date on market: 7/6/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Gravel

        Estimated market value

        $1,015,500

        $965,000 - $1.07M

        $2,780/mo

        Price history

        DateEventPrice
        7/7/2026Listed for sale$1,100,000+158.2%$497/sqft
        Source: High Country AOR #263081 Report a problem
        9/24/2021Sold$426,000+6.5%$192/sqft
        Source: High Country AOR #232523 Report a problem
        8/15/2021Contingent$400,000$181/sqft
        Source: High Country AOR #232523 Report a problem
        8/11/2021Listed for sale$400,000+73.2%$181/sqft
        Source: High Country AOR #232523 Report a problem
        4/20/2015Sold$231,000$104/sqft
        Source: High Country AOR #184856 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $394,300
        2024$1,554 $394,300
        2023$1,554 +1.5%$394,300
        2022$1,531 +17%$394,300 +45.3%
        2021$1,309 $271,300
        2020$1,309 $271,300
        2019$1,309 $271,300
        2018$1,309 +11.6%$271,300
        2017$1,173 +10.2%$271,300 +6.1%
        2013$1,065 $255,700
        2012-- $255,700
        2011-- $255,700
        2010-- $255,700
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28604

        Getting around

        13 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Valle Crucis
        • High: Watauga

        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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