Banner Elk · Banner Elk, NC
270 Osprey Drive
Banner Elk, NC · 8,817 sqft
$7,899,000
Reduced from $8,499,000
- 5Beds
- 5Baths
- 8,817SqFt
- 2025Year
- 84Days on market
About this home
Welcome to Iron Horse Lodge, a newly constructed custom estate offering 8,817 square feet of heated living area within The Lodges at Eagles Nest, just minutes from downtown Banner Elk, Great Camp Amphitheater, and Epic Chophouse. Designed as a primary residence with an uncompromising approach to quality, the home showcases refined mountain-modern architecture with natural stone, horizontal wood siding, architectural shingles, standing seam metal accents, timber columns, and Edge Vesta steel siding in select hard-to-reach areas for added durability. A custom-engineered steel beam foundation allows for a cantilevered design over the mountainside, maximizing structural integrity and long-range Blue Ridge Mountain views. An easily accessible driveway provides ample guest parking, complemented by an oversized two-car garage and an additional single-car garage. A thoughtfully designed mudroom with built-in laundry, drop zone, and custom dog wash adds everyday function. Inside, oversized glass barn-style doors open to a welcoming foyer and wine/cocktail lounge. A dedicated office with custom architectural doors leads into an expansive living and dining area, where fully retractable glass doors connect to a sprawling deck with sunset views. The chef’s kitchen features Thermador Professional Series appliances, dual dishwashers, a wet bar/coffee station with sink and refrigerated drawers, and a well-appointed butler’s pantry with built-in desk, storage, and prep space. The main-level primary suite offers a fireplace, coffee bar, beverage fridge, sink, expansive mountain views, and direct deck access to a Bullfrog 6+ person hot tub. The spa-like bath includes a soaking tub, dual-head shower, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a second en suite bedroom is joined by an additional bedroom with nursery, hidden door access, and spacious walk-in closet. A large shared bath offers a soaking tub and dual-head shower, while a covered deck captures elevated views. The lower level expands the home’s lifestyle offerings with a spacious family room, bunkroom suite with full bath, gym, half bath, wellness room with cold plunge and infrared sauna, theater room, and additional heated flex space. A partially covered deck extends the living area outdoors for quiet mornings, cool summer afternoons, and year-round mountain enjoyment. Offered fully furnished with select exclusions, Iron Horse Lodge presents a rare opportunity to own a move-in ready, professionally designed mountain retreat without the wait. Interior design by Lucy and Company delivers a bold, curated aesthetic recognized for its presence in luxury publications.
Property details
- Beds
- 5
- Baths
- 5
- SqFt
- 8,817
- Lot
- —
- Year built
- 2025
- Type
- Single Family
- Days on market
- 84
- Garage
- 3
- Style
- Contemporary
- Heating
- Electric, Forced Air, Heat Pump, Propane
- Cooling
- Heat Pump
- Foundation
- Basement, Other - See Remarks
- Flooring
- Tile, Wood
- View
- Long Range, Mountain(s), Year Round
- HOA dues
- $1,515 / qtr
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$57,653/ month
- Principal & interest
- $48,920
- Property tax (~0.90%)
- $5,924
- Homeowners insurance
- $2,303
- HOA dues
- $505
Down payment
$394,950 down · $7,504,050 financed
Income to qualify (28% rule)
~$2,470,882 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.