321 Grays Shadow Lane, Banner Elk, NC 28604
Local realty services provided by:ERA Live Moore
321 Grays Shadow Lane,Banner Elk, NC 28604
$1,100,000
- 3 Beds
- 3 Baths
- 2,215 sq. ft.
- Single family
- Active
Listed by: nate wright, kelsey wright
Office: wright brokers with hyatt in the high country
MLS#:263081
Source:NC_HCAR
Price summary
- Price:$1,100,000
- Price per sq. ft.:$496.61
About this home
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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Home facts
- Year built:2002
- Subdivision & Development:None
- Listing ID #:263081
- Added:47 day(s) ago
- Updated:August 23, 2026 at 03:29 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Unfinished
- Living area:2,215 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Electric, Fireplaces, Heat Pump
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:2002
- Building area:2,215 sq. ft.
- Lot area:7.33 Acres
- Architectural Style:Log Home, Mountain
- Construction Materials:Log, Wood Frame
- Exterior Features:Open
- Foundation Description:Basement
- Levels:2 Story
Schools
- High school:Watauga
- Elementary school:Valle Crucis
Utilities
- Water:Well
- Sewer:Septic Available, Septic Tank
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$496.61
- Tax amount:$1,717
Features and amenities
- Laundry features:Dryer, Laundry Main Level, Washer
- Amenities:Furnished, Vaulted Ceilings
Parking
- Parking description:Basement, Driveway, Garage, Gravel, Gravel Driveway, Private, Shared Driveway, Two Car Garage
- Garage:Yes
- Garage spaces:2
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