270 Osprey Drive Banner Elk, NC $ 6,950,000
270 Osprey Drive
$ 6,950,000
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270 Osprey Drive

Banner Elk, NC, 28604
$ 6,950,000
Bedrooms5 Baths4.2 Sq 8,817

Monthly Estimate*

$ 48,002

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Single Family Home for sale in Banner Elk, NC

for $6,950,000 with 5 bedrooms and 4 full baths, 2 half baths. This 8,817 square foot home was built in 2025 on a lot size of 3.19.

A RARE OPPORTUNITY to own an extraordinary EAGLES NEST estate at a newly repositioned price. As the owners prepare to relocate, Iron Horse Lodge is now offered at $6,950,000. Newly constructed, professionally designed, and offered fully furnished, this 8,817-square-foot mountain residence delivers an exceptional combination of craftsmanship, privacy, and long-range Blue Ridge Mountain views. Welcome to Iron Horse Lodge, a custom estate offering 8,817 square feet of heated living area within The Lodges at Eagles Nest, just minutes from downtown Banner Elk, Great Camp Amphitheater, and Epic Chophouse. Designed as a primary residence with an uncompromising approach to quality, the home showcases refined mountain-modern architecture with natural stone, horizontal wood siding, architectural shingles, standing seam metal accents, timber columns, and Edge Vesta steel siding in select hard-to-reach areas for added durability. A custom-engineered steel beam foundation allows for a cantilevered design over the mountainside, maximizing structural integrity and long-range Blue Ridge Mountain views. An easily accessible driveway provides ample guest parking, complemented by an oversized two-car garage and an additional single-car garage. A thoughtfully designed mudroom with built-in laundry, drop zone, and custom dog wash adds everyday function. Inside, oversized glass barn-style doors open to a welcoming foyer and wine/cocktail lounge. A dedicated office with custom architectural doors leads into an expansive living and dining area, where fully retractable glass doors connect to a sprawling deck with sunset views. The chef’s kitchen features Thermador Professional Series appliances, dual dishwashers, a wet bar/coffee station with sink and refrigerated drawers, and a well-appointed butler’s pantry with built-in desk, storage, and prep space. The main-level primary suite offers a fireplace, coffee bar, beverage fridge, sink, expansive mountain views, and direct deck access to a Bullfrog 6+ person hot tub. The spa-like bath includes a soaking tub, dual-head shower, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a second en suite bedroom is joined by an additional bedroom with nursery, hidden door access, and spacious walk-in closet. A large shared bath offers a soaking tub and dual-head shower, while a covered deck captures elevated views. The lower level expands the home’s lifestyle offerings with a spacious family room, bunkroom suite with full bath, gym, half bath, wellness room with cold plunge and infrared sauna, theater room, and additional heated flex space. A partially covered deck extends the living area outdoors for quiet mornings, cool summer afternoons, and year-round mountain enjoyment. Offered fully furnished with select exclusions, Iron Horse Lodge brings together exceptional craftsmanship, professionally curated interiors by Lucy and Company, and the coveted Eagles Nest lifestyle. From its dramatic architecture and expansive mountain views to its thoughtfully designed entertaining and wellness spaces, this remarkable residence offers the opportunity to enjoy a completed luxury mountain retreat without the time, expense, and uncertainty of starting from the ground up.

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Single Family Active

Price

$ 6,950,000

Bedrooms

5

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Contemporary

Lot Size

3.19

Year Built

2025

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

4373242

Features
General
Living Area 8817
Sewer Septic Installed
Heating Electric Forced Air Heat Pump Propane
Cooling Heat Pump
Utilities Electricity Connected Fiber Optics Propane Underground Power Lines
Roof Architectural Shingle Metal
Appliances Bar Fridge Convection Oven Dishwasher Disposal Double Oven ENERGY STAR Qualified Washer ENERGY STAR Qualified Dishwasher ENERGY STAR Qualified Dryer ENERGY STAR Qualified Freezer ENERGY STAR Qualifie
HOA Fee 1515
Garage Spaces 3
Patio/Porch Features Covered Deck Other - See Remarks
Architectural Style Contemporary
Security Features Carbon Monoxide Detector(s) Security System Smoke Detector(s)
Construction Materials Stone Wood Other - See Remarks
Year Built 2025
View Long Range Mountain(s) Year Round
Levels Two
Property Subtype Single Family Residence
Parcel Number 1839-00-87-2846-00000
Elevation 4000
Community Features Dog Park Fitness Center Game Court Gated Helipad Pickleball Picnic Area Playground Pond Recreation Area Sport Court Tennis Court(s) Walking Trails
Assoc Fee Paid Per Quarterly
County Avery
New Construction N
Property Type Residential
HOA Y
Subdivision Name The Lodges at Eagles Nest
Garage Y/N Y
Full Baths 4
Directions From Banner Elk take a left at main stoplight onto Hwy 184/Banner Elk Hwy. Turn right into main entrance of Eagles Nest (51 Eagles Nest Lane for GPS). Follow main road (Eagles Nest Trail) turn left o
High School Avery County
City Banner Elk
Association Name Eagles Nest POA
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Freedom Trail
Middle/Junior High School Avery County
Additional Parcels Y/N N
Virtual Tour https://tyler-fraser-real-estate-photography.aryeo.com/videos/019dbee1-fcdd-71f2-a2d2-a65435f15978 https://tyler-fraser-real-estate-photography.aryeo.com/videos/019dbee1-fcdd-71f2-a2d2-a65435f15978
Standard Status Active
Construction Type Site Built
Restrictions Architectural Review Building Deed Livestock Restriction Manufactured Home Not Allowed Modular Not Allowed Short Term Rental Allowed Square Feet
Tax Assessed Value 2503600
Listing Terms Cash Conventional
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Interior
Basement Partially Finished Storage Space
Flooring Tile Wood
Fireplace Features Gas Log Gas Vented Great Room Primary Bedroom
Basement (Y/N) Y
Window Features Insulated Window(s) Window Treatments
Fireplace Y/N Y
Above Grade Finished Area 5118
Half Baths 2
Laundry Features In Bathroom Mud Room
Total Bedrooms 5
Below Grade Finished Area 3699
Total Baths 6
SqFt Main 3168
SqFt Lower 0
SqFt Upper 1950
Bedroom 1
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Exterior
Parking Features Driveway Attached Garage Garage Faces Front Garage Faces Side Keypad Entry
Water Source Well
Lot Size Area 3.19
Foundation Details Basement Other - See Remarks
Road Surface Type Asphalt Paved
Other Parking Oversized attached 2- car garage and 1-car garage. Driveway parking for 4+ cars
Door Features French Doors
Other Equipment Fuel Tank - Leased Generator Network Ready Surround Sound
Road Responsibility Private Maintained Road
Main Level Garage YN Y
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Internal Only
Street Number 1 270
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* Excluded Features
List By
Ivester Jackson Christie's

Broker

Affordability Calculator

$48,002
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Monthly Principal & Interest
$48,002
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4926217 Elementary School
2164537 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2026$6,950,000 -12.01% Price Down
8/14/2026$7,899,000 -7.06% Price Down
4/24/2026$8,499,000 Listed Price

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270 Osprey Drive, Banner Elk, NC, 28604 is a Single Family Home for sale at $6,950,000 with 8,817 sqft and a lot size of 3.19. 270 Osprey Drive has 5 bedrooms, 4.2 baths, and was built in 2025. The property's zip code is 28604 which is in Banner Elk, NC