# 321 Grays Shadow Lane, Banner Elk, NC 28604 > **TL;DR:** 3bd/3ba single family, $949,900 ($429/sqft), built 2002, 2,215 sqft. Est. $5,080/mo. Listed 100 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $949,900 | | Price/sqft | $429 | | Bedrooms | 3 | | Bathrooms | 2 full, 1 half | | Square Feet | 2,215 | | Year Built | 2002 | | Lot Size | 319,295 sqft (7.33 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 100 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,803 | | Estimated Insurance | $277 | | **Total** | **$5,080** | ## Property Highlights - Built in 2002 - 7.33 acre lot ## Description ### Agent Description RARE 7.33-ACRE MOUNTAIN RETREAT near Banner Elk consisting of two parcels and adjoining Grandfather Mountain State Park land. Recent $10,000+ driveway improvements enhance access to this unrestricted property offering an existing furnished log cabin, creek, seasonal mountain views, and potential additional building sites. With no HOA or deed restrictions and short-term rentals permitted, the possibilities range from a private mountain estate to a family compound, guest cabins, or investment property. The centerpiece of the property is a furnished 3-bedroom, 2.5-bath log cabin offering more than 2,200 square feet of living space with a desirable open floor plan and convenient one-level living. The main living area features vaulted ceilings, warm wood accents, abundant windows for natural light, and a gas fireplace that creates a comfortable mountain atmosphere. The main level also 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 accessible from both the main living area and primary bedroom, providing excellent outdoor living space surrounded by the property's natural mountain setting. Wiring is already in place for a hot tub. Upstairs are two additional bedrooms, a full bathroom, and a large loft area offering flexible space for guests, an office, game room, or second living area. A basement garage/workshop offers valuable space for vehicles, outdoor equipment, hobbies, or recreational gear. Outdoor living areas provide opportunities to relax and take in the surrounding woods, seasonal mountain scenery, and natural beauty of the property. The land is an especially distinctive part of this offering, with a mix of flat and gently sloping terrain, mature woods, beautiful rock outcroppings, a mountain creek, and potential additional building sites. Seasonal mountain views may be enhanced with selective tree work. The property's two-parcel configuration provides additional flexibility for future use or expansion, subject to applicable approvals. Located approximately midway between Boone and Banner Elk, this Foscoe property offers convenient access to many of the High Country's most popular destinations, including Grandfather Mountain, the Blue Ridge Parkway, Valle Crucis, skiing, hiking, dining, shopping, vineyards, and year-round recreation. With light Foscoe-Grandfather zoning, no HOA, no deed restrictions, and both short- and long-term rentals permitted, this property offers unusual flexibility for personal use, investment, or future buildout. Whether you are searching for acreage, privacy, unrestricted mountain property, development flexibility, or a furnished cabin with room to grow, 321 Grays Shadow Lane offers a rare opportunity to own a substantial piece of the High Country in an exceptional location. ## Location - **Address:** 321 Grays Shadow Lane, Banner Elk, NC 28604 - **County:** Watauga - **Coordinates:** 36.140975, -81.794719 - **Google Maps:** https://www.google.com/maps?q=36.140975,-81.794719 ## Virtual Tour & Media - **Video Tour:** https://youtu.be/eCMfMU3g9uI ## Listing Agent - **Name:** Nate Wright - **Brokerage:** Wright Brokers with Hyatt in the High Country - **Phone:** 8284575104 - **Broker Phone:** (828) 457-5104 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/321-Grays-Shadow-Ln_Banner-Elk_NC_28604_M52742-39402?f=listhub&s=HCAORNC&m=263081&c=propsimple) ## Photos ![321 Grays Shadow Lane - Photo 1](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1129720603r.jpg) ![321 Grays Shadow Lane - Photo 2](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3541845339r.jpg) ![321 Grays Shadow Lane - Photo 3](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f747490794r.jpg) ![321 Grays Shadow Lane - Photo 4](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3715676084r.jpg) ![321 Grays Shadow Lane - Photo 5](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1823872014r.jpg) ![321 Grays Shadow Lane - Photo 6](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1092678503r.jpg) ![321 Grays Shadow Lane - Photo 7](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f969046910r.jpg) ![321 Grays Shadow Lane - Photo 8](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2497056816r.jpg) ![321 Grays Shadow Lane - Photo 9](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1229878673r.jpg) ![321 Grays Shadow Lane - Photo 10](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f291280866r.jpg) ![321 Grays Shadow Lane - Photo 11](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2215223286r.jpg) ![321 Grays Shadow Lane - Photo 12](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3764966695r.jpg) ![321 Grays Shadow Lane - Photo 13](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1610941029r.jpg) ![321 Grays Shadow Lane - Photo 14](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3632577776r.jpg) ![321 Grays Shadow Lane - Photo 15](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3765017312r.jpg) ![321 Grays Shadow Lane - Photo 16](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1991956851r.jpg) ![321 Grays Shadow Lane - Photo 17](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f374559591r.jpg) ![321 Grays Shadow Lane - Photo 18](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3379395540r.jpg) ![321 Grays Shadow Lane - Photo 19](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3702214047r.jpg) ![321 Grays Shadow Lane - Photo 20](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3006173627r.jpg) ![321 Grays Shadow Lane - Photo 21](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3408163112r.jpg) ![321 Grays Shadow Lane - Photo 22](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2073687851r.jpg) ![321 Grays Shadow Lane - Photo 23](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f338712057r.jpg) ![321 Grays Shadow Lane - Photo 24](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3373420365r.jpg) ![321 Grays Shadow Lane - Photo 25](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3606255018r.jpg) ![321 Grays Shadow Lane - Photo 26](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2347615428r.jpg) ![321 Grays Shadow Lane - Photo 27](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f4149684609r.jpg) ![321 Grays Shadow Lane - Photo 28](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3964214665r.jpg) ![321 Grays Shadow Lane - Photo 29](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3194179291r.jpg) ![321 Grays Shadow Lane - Photo 30](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3277748196r.jpg) ![321 Grays Shadow Lane - Photo 31](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2782675804r.jpg) ![321 Grays Shadow Lane - Photo 32](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f4056078494r.jpg) ![321 Grays Shadow Lane - Photo 33](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2704665061r.jpg) ![321 Grays Shadow Lane - Photo 34](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f4137196956r.jpg) ![321 Grays Shadow Lane - Photo 35](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3160248408r.jpg) ![321 Grays Shadow Lane - Photo 36](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1322605585r.jpg) ![321 Grays Shadow Lane - Photo 37](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1763829511r.jpg) ![321 Grays Shadow Lane - Photo 38](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f2657891627r.jpg) ![321 Grays Shadow Lane - Photo 39](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3854321385r.jpg) ![321 Grays Shadow Lane - Photo 40](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f300057975r.jpg) ![321 Grays Shadow Lane - Photo 41](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1596824917r.jpg) ![321 Grays Shadow Lane - Photo 42](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f4059736837r.jpg) ![321 Grays Shadow Lane - Photo 43](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f945146430r.jpg) ![321 Grays Shadow Lane - Photo 44](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3951195397r.jpg) ![321 Grays Shadow Lane - Photo 45](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f987792741r.jpg) ![321 Grays Shadow Lane - Photo 46](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1514124931r.jpg) ![321 Grays Shadow Lane - Photo 47](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f1944841493r.jpg) ![321 Grays Shadow Lane - Photo 48](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3657330061r.jpg) ![321 Grays Shadow Lane - Photo 49](http://lh.rdcpix.com/b1390df2fab048e159757a6d39427dfal-f3346271411r.jpg) --- **MLS#:** 263081 | **Updated:** 2026-09-30 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/321-grays-shadow-lane-banner-elk-nc-28604-c263081) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/321-grays-shadow-lane-banner-elk-nc-28604-c263081#listing", "url": "https://www.propertysimple.ai/listing/321-grays-shadow-lane-banner-elk-nc-28604-c263081", "name": "321 Grays Shadow Lane, Banner Elk, NC 28604", "description": "RARE 7.33-ACRE MOUNTAIN RETREAT near Banner Elk consisting of two parcels and adjoining Grandfather Mountain State Park land. Recent $10,000+ driveway improvements enhance access to this unrestricted property offering an existing furnished log cabin, creek, seasonal mountain views, and potential additional building sites. With no HOA or deed restrictions and short-term rentals permitted, the possibilities range from a private mountain estate to a family compound, guest cabins, or investment property. The centerpiece of the property is a furnished 3-bedroom, 2.5-bath log cabin offering more than 2,200 square feet of living space with a desirable open floor plan and convenient one-level living. The main living area features vaulted ceilings, warm wood accents, abundant windows for natural light, and a gas fireplace that creates a comfortable mountain atmosphere. The main level also 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 accessible from both the main living area and primary bedroom, providing excellent outdoor living space surrounded by the property's natural mountain setting. Wiring is already in place for a hot tub. Upstairs are two additional bedrooms, a full bathroom, and a large loft area offering flexible space for guests, an office, game room, or second living area. A basement garage/workshop offers valuable space for vehicles, outdoor equipment, hobbies, or recreational gear. Outdoor living areas provide opportunities to relax and take in the surrounding woods, seasonal mountain scenery, and natural beauty of the property. The land is an especially distinctive part of this offering, with a mix of flat and gently sloping terrain, mature woods, beautiful rock outcroppings, a mountain creek, and potential additional building sites. Seasonal mountain views may be enhanced with selective tree work. The property's two-parcel configuration provides additional flexibility for future use or expansion, subject to applicable approvals. Located approximately midway between Boone and Banner Elk, this Foscoe property offers convenient access to many of the High Country's most popular destinations, including Grandfather Mountain, the Blue Ridge Parkway, Valle Crucis, skiing, hiking, dining, shopping, vineyards, and year-round recreation. With light Foscoe-Grandfather zoning, no HOA, no deed restrictions, and both short- and long-term rentals permitted, this property offers unusual flexibility for personal use, investment, or future buildout. 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