About This Home

This 4-bedroom, 7-bathroom single family at 224 Chestnut Trail in Banner Elk, NC is listed for $6,500,000 ($947 per sqft). Built in 1993, the home offers 6,866 sqft of living space on a 4.28 acres lot.

Key Features

  • Built in 1993
  • 4.28 acre lot

Property Details

5 full, 2 half
1993
Listing Description

This one-of-a-kind estate home in the exclusive Elk River Club enclave beautifully blends monumental, hand-crafted mountain architecture with refined, contemporary finishes. Prominently positioned on an ultra-private cul-de-sac, the residence features a striking exterior of native field stone and cedar siding framed by a grand cobblestone motor court.

Designed for a world-class vehicular collection, the fully climate-controlled, heated, and air-conditioned garage is equipped with custom electric screens that seamlessly drop down when the garage doors are open, creating a pristine, versatile environment.

For ultimate peace of mind, the entire estate is supported by a comprehensive, whole-house generator. Inside, the main level boasts warm traditional mahogany walls, Brazilian cherry hardwood floors, and a palatial primary suite complete with a stone fireplace and private study adorned with hand-applied genuine gold leaf.

This level of meticulous, bespoke craftsmanship ensures that no detail has been overlooked in creating an environment of unparalleled prestige. For leisure and hosting, the lower level has been transformed into a premier, multi-functional space. Boasting a relaxed family room, a dedicated movie room, and a beautifully appointed full bath, this floor features a kitchenette complete with a microwave, refrigerator, and dishwasher drawer.

This self-contained layout functions effortlessly as a private guest suite. Guests are equally accommodated across three additional upper-level suites, ensuring the estate hosts large-scale family gatherings with ease. The interior living spaces connect to the outdoors, where an enchanting morning room offers pristine mountain views through expansive floor-to-ceiling glass.

Outside, the property transforms into a secure four-acre botanical wonderland showcasing eight spectacular waterfalls, shimmering ponds, and winding cobblestone trails. This masterfully engineered estate effortlessly harmonizes the grandeur of its natural surroundings with the elite security and seclusion demanded by the modern connoisseur. Ultimately, acquiring this magnificent, generational asset represents far more than a real estate transaction; it offers the rare fulfillment of a true mountain lifestyle dream.

Monthly Cost Estimate

$34,763/mo

20% down · 6.5% · 30 years

Principal$4,701
Interest$28,167
Insurance$1,896

Estimates only. Actual payments may vary.

Location

224 Chestnut Trail

Banner Elk, NC 28604

Elk River

Questions & Answers

This 4-bedroom, 7-bathroom single family at 224 Chestnut Trail is listed at $6,500,000 ($947/sqft). The estimated monthly payment is $34,764 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1993, 4.28 acre lot.

This property is listed by Richard Foster.

RF

Richard Foster

Agent at Elk Ri

Listed by Elk Ri · Broker phone: (828) 898-9777 · View on Broker Site · Broker website

MLS# 262922· Source: High Country Association of Realtors· 118 days on PropertySimple

Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

224 Chestnut Trail, Banner Elk, NC 28604

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