RIVER RUN AT BANNER ELK - A PRIVATE BLUE RIDGE TURN KEY RETREAT WITH FAMOUS ELK RIVER ACCESS – TROPHY TROUT FISHING,SWIMMING & PRIVATE TRAILS !! A SHORT DRIVE TO TWO OF NORTH CAROLINA'S BEST SKI RESORTS, SUGAR MOUNTAIN AND BEECH MOUNTAIN! CLOSE TO WATAUGA LAKE & ELK FALLS. NESTLED BETWEEN THE PRESTIGIOUS ELK RIVER COUNTRY CLUB AND FAMOUS EAGLES NEST. VERY RARE OPORTUNITY IN THIS SOUGHT AFTER COMMUNITY MINUTES FROM DOWNTOWN BANNER ELK. RECENTLY RENOVATED AND EXPANDED WITH 5 BEDROOMS AND 5 FULL BATHROOMS THIS IS LIKE A NEW HOME WITH HIGH END FINISHES! LONG RANGE MOUNTAIN VIEWS !! Perfectly positioned just minutes from the storybook town of Banner Elk, this exceptional five-suite residence offers over 3,400 square feet of refined living space, breathtaking long-range mountain views, and rare access to the pristine Elk River—one of the High Country’s most treasured natural amenities. From the moment you arrive, the home’s elevated setting and sweeping vistas create an immediate sense of peace and privacy. Inside, the main living level is designed to capture the beauty of its surroundings, featuring soaring tongue-and-groove ceilings and a dramatic wall of windows framing panoramic views. Gather around the wood burning fireplace. Natural light fills the space, creating an atmosphere that is both grand and inviting—ideal for entertaining guests or simply relaxing above the clouds. The chef’s kitchen blends timeless design with modern performance, offering elegant quartz countertops, premium gas range, and high-end appliances. Just beyond, the newly added primary suite provides a true owner’s retreat, complete with private deck access, a serene sitting area, and uninterrupted mountain views. The spa-inspired bath offers a designer trough basin, a glass-enclosed walk-in shower and soaking tub positioned to take in the surrounding landscape—creating a daily experience of quiet luxury. The lower level is designed for hosting and gathering, featuring a spacious family and game room with custom live-edge bar, electric in-wall fireplace, and direct access to outdoor living areas. Three additional guest suites, each with private baths, ensure exceptional comfort and privacy for family and visitors. Outdoor living is central to the River Run lifestyle. Expansive decks, a private firepit gathering area, and rare usable acreage provide space to unwind, explore, and connect with nature. Hiking and biking trails on your own property. Whether enjoying cool summer evenings, vibrant fall colors, or peaceful winter snowfall, this home offers a year-round retreat from the intensity of coastal and urban environments. River Run residents enjoy exclusive access to the Elk River, renowned for trophy fly fishing, swimming holes, and scenic picnic areas—all just moments from the home. The gated setting provides both privacy and security, while remaining convenient to Banner Elk’s fine dining, boutique shopping, wineries, golf, skiing, and country clubs. With its recent permitted expansion in 2025, five private bedroom suites, and turnkey condition, this residence is ideally suited as a luxury mountain retreat, seasonal escape, or legacy property to be enjoyed for generations. This prime location is close to Watauga Lake Grandfather Mountain, Linville Gorge, Boone and Blowing Rock offering numerous cultural activities restaurants and more. This is more than a home - it is a place to slow down, reconnect, and experience the very best of Blue Ridge Mountain living.
For sale
$1,595,000
731 River Run, Banner Elk, NC 28604
5beds
3,470sqft
Est.:
Single Family Residence
Built in 2000
2.7 Acres Lot
$-- Zestimate®
$460/sqft
$71/mo HOA
What's special
Uninterrupted mountain viewsWood burning fireplaceRare usable acreageLong range mountain viewsElegant quartz countertopsElectric in-wall fireplacePrivate deck access
- 20 hours |
- 323 |
- 12 |
Zillow last checked: 8 hours ago
Listing updated: 19 hours ago
Listed by:
Ronald Kent (561)271-6853,
EXP Realty LLC
Source: High Country AOR,MLS#: 260022
Originating MLS: High Country Association of Realtors Inc.
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Ductless, Forced Air, Fireplace(s), Propane
Cooling
- Central Air, Ductless
Appliances
- Included: Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Wet Bar, Furnished
- Windows: Double Pane Windows
- Basement: Finished
- Attic: None
- Number of fireplaces: 1
- Fireplace features: One, Wood Burning
- Furnished: Yes
Interior area
- Total structure area: 3,470
- Total interior livable area: 3,470 sqft
- Finished area above ground: 3,470
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Driveway, Garage, One Car Garage, Gravel, Private
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Multiple, Open
- Exterior features: Fire Pit, Gravel Driveway
- Has view: Yes
- View description: Long Range, Mountain(s), Trees/Woods
- Waterfront features: River Access
Lot
- Size: 2.7 Acres
Details
- Parcel number: 18390075234900000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Hardboard, Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- Year built: 2000
Utilities & green energy
- Sewer: Septic Permit 5 or More Bedroom
- Water: Private
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Fishing, Gated, River, Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: River Run
HOA
- Has HOA: Yes
- HOA fee: $850 annually
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $460/sqft
- Annual tax amount: $1,726
- Date on market: 3/4/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listed for sale | $1,595,000+281.3%$460/sqft |
Source: | ||
| 8/14/2020 | Sold | $418,357+16.5%$121/sqft |
Source: | ||
| 10/15/2018 | Sold | $359,000$103/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$8,352/mo
Principal & interest
$7736
Property taxes
$545
HOA Fees
$71
Climate risks
Neighborhood: 28604
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 3 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 7.4 mi
Schools provided by the listing agent
- Elementary: Banner Elk
- Middle: Avery
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 28604
- North Carolina
- Avery County
- Banner Elk
- 28604
- 731 River Run




