View all 45 photos →

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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.