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Land with Home for Sale in Banner Elk, North Carolina

321 Grays Shadow Ln, Banner Elk, NC 28604

$1,100,000
7.33 acres
Active sale
ago
Est $6,192/mo

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.

2,215
Sq feet
3
Beds
2
Full baths
1
1/2 bath
2002
Built

Location

Street address
321 Grays Shadow Ln
Zip code
28604
Community
Watauga
Elevation
3,320 feet
Coordinates
36.141, -81.7947

Property details

Acreage
7.33 acres
MLS #
HCAOR 263081
Posted

Details and features

Listing

Type
Residential
Franchise
Independent

Structure

Style
Mountain

Interior

Rooms
Bathroom x 3, Bedroom x 3

Listing history

DateEventPriceChangeSource
July 7, 2026New listing$1,100,000HCAOR
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This 7.33-acre property is located at 321 Grays Shadow Ln in Banner Elk, NC 28604. The property is available for sale, priced at $1,100,000. It has a 2,215 square foot 3-bedroom, 2.5-bath house built in 2002.

Listed by Wright Brokers With Hyatt in The High Country, (828) 457-5104

Checked 2 hours agoUpdated Source

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