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Banner Elk · Banner Elk, NC

321 Grays Shadow Lane

Banner Elk, NC · 2,215 sqft

$999,999

Reduced from $1,100,000

  • 3Beds
  • 2.5Baths
  • 2,215SqFt
  • 2002Year
  • 57Days on market

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.

Property details

Beds
3
Baths
2.5
SqFt
2,215
Lot
Year built
2002
Type
Single Family
Days on market
57
Style
Cabin
Heating
Heat Pump
Cooling
Central Air, Heat Pump
Foundation
Basement, Other - See Remarks
View
Mountain(s), Winter

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$7,234/ month

Principal & interest
$6,193
Property tax (~0.90%)
$750
Homeowners insurance
$291
HOA dues

Down payment

$49,999 down · $949,999 financed

Income to qualify (28% rule)

~$310,069 / 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.