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321 Grays Shadow Lane

Banner Elk, NC 28604
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Bed 3

Bed

Bath 3

Bath

SqFt2,215

Sqft

Acres7.33

Acres(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,100,000

AD Id : 87741470

MLS Id : 263081

Beds : 3

Lot Size : 7.33 Acres

Living Area Size : 2,215

Year Built : 2002

Garage : 2

County : Watauga

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Other, Unfinished
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Vaulted Ceiling(s), High Speed Internet Roof: Asphalt, Shingle Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer Laundry Features: Washer Hookup, Main Level
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Fireplace(s), Heat Pump Has Cooling: Yes Cooling: Heat Pump

  • Building Information

    Year Built: 2002 Construction Materials: Wood Siding, Log, Frame Stories: 2 Private Pool: No View: Mountain(s)

  • Lot Information

    Main Square Feet: 7.33 Acres Lot Size Acres: 7.33

    Property Information

    Subdivision: None Source Property Type: Residential MLS Area Minor: Foscoe Property SubType: Single Family Residence Levels: Two Property Age: 24

  • Listing Price Information

    Listing Price: $1100000 Cash, Conventional

  • Tax Information

    Parcel Number: 1878418765000 Annual Tax: $1717

  • Parking Information

    Gravel, Basement, Driveway, Garage, Other, Private, Shared Driveway, See Remarks

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Valle Crucis
    Junior High School:
    Senior High School: Watauga
  • Utility Information

    Cable Available
  • Location Information

    WaterSource: Other, See Remarks, Well
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Nearby Home Value

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761 Foxfire Drive, Banner Elk, NC, 28604 $1,375,000 3 4 2,339 2,339 SqFt
O-26 High Country Overl.., Banner Elk, NC, 28604 $219,000 -- -- --
4584 & 4582 Nc Highway .., Banner Elk, NC, 28604 $1,250,000 7 8 4,853 4,853 SqFt
576 Eagle Springs Trail, Banner Elk, NC, 28604 $1,849,000 4 4 2,983 2,983 SqFt
123 High Country Overlook, Banner Elk, NC, 28604 $1,199,900 3 3 1,677 1,677 SqFt
123 High Country Overlook, Banner Elk, NC, 28604 $1,124,900 3 3 1,677 1,677 SqFt
617 Eagle Creek Trail, Banner Elk, NC, 28604 $3,649,997 4 5 3,977 3,977 SqFt
230 Hawks Bill Drive, Banner Elk, NC, 28604 $675,000 3 3 2,318 2,318 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of High Country Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 High Country Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 07/20/2026 @ 16:31

MLS: 263081 LISTED BY: Nate Wright, Wright Brokers with Hyatt in the High Country 828-457-5104 SOURCE: High Country Association of REALTORS

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