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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, din ing 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 : 87877330

MLS Id : CAR4402280

Beds : 3

Lot Size : 7.33 Acres

Living Area Size : 2,215

Year Built : 2002

County : Watauga

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Feature Features

  • Bedroom Information

    Total Bedroom: 3

    Bathroom Information

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

    Interior Features

    Roof: Architectural Shingle Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer Laundry Features: Main Level

    Roofing Information

    Architectural Shingle
  • Flooring Information

    Construction Materials: Log, Wood
  • Heating & Cooling

    Heating: Heat Pump Cooling: Central Air, Heat Pump WaterSource: Well, Other - See Remarks

  • Building Information

    Year Built: 2002

  • Lot Information

    Lot Description: Adjoins Forest, Hilly, Level, Sloped, Creek/Stream, Views, Wooded Lot Size Area: 7.33 acre

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Cabin

  • Listing Price Information

    Original List Price:$1100000

  • Tax Information

    Tax Assessed Value: 435300 Parcel Number: 1878418765000

  • Parking Information

    Basement

  • School Information

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

    Cable Available, Fiber Optics Sewer: Septic Installed Water Source: Well, Other - See Remarks
  • Location Information

    Subdivision: none City: Banner Elk Direction: From Wendys in Boone, take NC Highway 105 S towards Grandfather Mountain for approximately 9.8 miles. Turn left on Park Rd which turns into Shook Rd. Continue over the Watauga River, then bear a slight left to continue straight and continue over the creek, continue to bear right to continue straight. Grays Shadow Ln. will be on your right. Continue up the driveway and the home will be on the left.
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ByOwner last updated this listing 07/20/2026 @ 18:20

MLS: CAROLINA #4402280 LISTED BY: Nate Wright, Wright Brokers with Hyatt in the High Country 828-457-5104 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)

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