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321 Grays Shadow Lane
$1,100,000
Banner Elk, NC, 28604
singlefamily
3
3
Lot Size: 7.33 Acres
MLS #CAR4402280 image #0
ABOUT

Property Information

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.
SPECIFICS

Property Details

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Price:
$1,100,000
MLS #:
CAR4402280
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Jul 9, 2026
Finished Sq Ft:
2,215
Lot Size:
319,295 sqft / 7.33 acres (approx)
Year Built:
2002
CabinWoodedValle CrucisValle CrucisWatauga
AMENITIES

Interior

Above Grade Finished Area
2215
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air, Heat Pump
Heating
Heat Pump
Laundry Features
Main Level
Levels
One and One Half
AMENITIES

Exterior

Architectural Style
Cabin
Construction Materials
Log, Wood
Lot Features
Adjoins Forest, Hilly, Level, Sloped, Creek/Stream, Views, Wooded
Parking Features
Basement
Patio And Porch Features
Deck
Roof
Architectural Shingle
View
Mountain(s), Winter
NEIGHBORHOOD

Schools

Elementary School:
Valle Crucis
Middle School:
Valle Crucis
High School:
Watauga
FINANCIAL

Financial

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321 Grays Shadow Lane
Banner Elk, NC