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Banner Elk · Banner Elk, NC

419 Summit Trail

Banner Elk, NC · 2,982 sqft

$2,399,000

  • 6Beds
  • 5.5Baths
  • 2,982SqFt
  • 1995Year
  • 42Days on market

About this home

Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, perfect for guests, extended family, or additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.

Property details

Beds
6
Baths
5.5
SqFt
2,982
Lot
Year built
1995
Type
Single Family
Days on market
42
Garage
3
Heating
Heat Pump
Cooling
Ceiling Fan(s), Central Air
Foundation
Basement
View
Long Range, Mountain(s), Winter
HOA dues
$500 / yr

Features

  • Fire Pit
  • Hot Tub

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance, HOA

$17,398/ month

Principal & interest
$14,857
Property tax (~0.90%)
$1,799
Homeowners insurance
$699
HOA dues
$41

Down payment

$119,950 down · $2,279,050 financed

Income to qualify (28% rule)

~$745,642 / 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

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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.