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  4. 321 Grays Shadow Lane
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 1

$1.1M

3 Beds · 3 Baths · 2,215 Sqft

Active
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 1

$1.1M

3 Beds · 3 Baths · 2,215 Sqft

Active
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 2
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 3
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 4
321 Grays Shadow Lane, Banner Elk, NC 28604 - Photo 5
Active2 Days on Market$497/sqftListed Jul 9, 2026MLS# CAR4402280

321 Grays Shadow Lane, Banner Elk, NC 28604

$1.1M · 3 bd · 3 ba · 2215 sqft

About This Property

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.

Location

321 Grays Shadow Lane, Banner Elk, NC 28604

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Property Details

Overview

Property TypeSingle Family Residence
Year Built2002
Lot Size7.33 Acres
Stories/LevelsOne and One Half

Interior

Bedrooms3
Bathrooms (Full)2
Bathrooms (Half)1
Total Rooms11
Sqft2,215
HeatingHeat Pump
Cooling / A/CCentral Air, Heat Pump

Exterior

ExteriorLog, Wood
FoundationBasement, Other - See Remarks
RoofArchitectural Shingle

Financial

List Price$1.1M
Original Price$1.1M

Location

Address321 Grays Shadow Lane, Banner Elk, NC 28604
Neighborhoodnone
CityBanner Elk
CountyWatauga
StateNC
Zip28604

Listed by Wright Brokers with Hyatt in the High Country · nate@wrightbrokers.com MLS# CAR4402280

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 07/31/2026, 03:57:17 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Information deemed reliable but not guaranteed. Buyer to verify all information.

Brian Jones

Brian Jones

Compass

Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.

Meet Brian

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