Skip main navigation
For salePrice cut: $100K (9/28)
$2,199,000
6beds
2,982sqft

419 Summit Trail, Banner Elk, NC 28604

6beds
2,982sqft
Single Family Residence
Built in 1995
1.92 Acres Lot
$2,072,700 Zestimate®
$737/sqft
$42/mo HOA

What's special

Breathtaking long-range mountain viewsHot tubExpansive stone patioFamily room

Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, for additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.

56 days
|
810
|
43
|
Source: High Country AOR,MLS#: 262780MLS LogoOriginating MLS: High Country Association of Realtors Inc.
Travel times

Kitchen

Game Room

Living Room

Sunroom

Zillow last checked:

Listing updated:

Listed by:

Tyler Coon 828-620-2541,

EXP Realty LLC

Source: High Country AOR,MLS#: 262780MLS LogoOriginating MLS: High Country Association of Realtors Inc.

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
Heating
  • Electric, Fireplace(s), Heat Pump
Cooling
  • Central Air, Other, See Remarks
Appliances
  • Included: Dryer, Dishwasher, Freezer, Microwave, Refrigerator, Washer
  • Laundry: In Basement
Features
  • Furnished
  • Basement: Finished
  • Has fireplace: Yes
  • Fireplace features: Gas, Vented, Propane
  • Furnished: Yes
Interior area
  • Total structure area: 2,982
  • Total interior livable area: 2,982 sqft
  • Finished area above ground: 1,945
  • Finished area below ground: 1,037

Property

Parking
  • Parking features: Detached, Garage, Oversized
  • Has garage: Yes
Features
  • Levels: Two
  • Stories: 2
  • Exterior features: Fire Pit, Hot Tub/Spa
  • Has spa: Yes
Lot
  • Size: 1.92 Acres
Details
  • Parcel number: 18470137022300000
  • Zoning description: R1

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Mountain
  • Property subtype: Single Family Residence
Materials
  • Wood Siding, Wood Frame
  • Foundation: Basement
  • Roof: Metal
Condition
  • Year built: 1995

Utilities & green energy

  • Sewer: Sewer Applied for Permit, Septic Tank
  • Water: Shared Well
  • Utilities for property: Septic Available

Community & HOA

Community
  • Subdivision: Mountain Meadows
HOA
  • Has HOA: Yes
  • HOA fee: $500 annually
Location
  • Region: Banner Elk

Financial & listing details

  • Price per square foot: $737/sqft
  • Annual tax amount: $3,668
  • Date on market: 8/12/2026
  • Listing terms: Cash,Conventional,FHA,New Loan
  • Road surface type: Gravel

Price history

DateEventPrice
9/28/2026Price change$2,199,000-4.3%$737/sqft
Source: High Country AOR #262780
9/14/2026Price change$2,299,000-4.2%$771/sqft
Source: Canopy MLS as distributed by MLS GRID #4371218
7/30/2026Listed for sale$2,399,000+49.9%$804/sqft
Source: Canopy MLS as distributed by MLS GRID #4371218
3/31/2022Sold$1,600,000-4.5%$537/sqft
Source: High Country AOR #235397
2/17/2022Contingent$1,675,000$562/sqft
Source: High Country AOR #235397
2/1/2022Listed for sale$1,675,000+97.1%$562/sqft
Source: High Country AOR #235397
5/2/2017Listing removed$850,000$285/sqft
Source: Premier Sotheby's International Realty #39201708
8/4/2016Price change$850,000-8.1%$285/sqft
Source: Premier Sotheby's International Realty #39201708
5/10/2016Listed for sale$925,000$310/sqft
Source: Premier Sotheby's Int'l Realty - Blowing Rock #39201708

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment
$12,133/mo
Principal & interest
$11340
Property taxes
$751
HOA Fees
$42
More affordability toolsChevron Right

Estimated market value

$2,072,700

$1.97M - $2.18M

$3,801/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 28604

Nearby schools

Banner Elk Elementary School
Grades PK-5 • 2.9 miles
8/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
6/10
Avery Middle
Grades 6-8 • 4.2 miles
2/10
GreatSchools® Rating
Test Score Rating
2/10
Student Progress Rating
1/10
Avery County High School
Grades 9-12 • 4.1 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
College Readiness Rating
4/10
Student Progress Rating
1/10