419 Summit Trail
Banner Elk, NC, 28604 $ 2,099,000
Bedrooms6 Baths5.1 Sq 4,856 Monthly Estimate*
$ 14,497
for $2,099,000 with 6 bedrooms and 5 full baths, 1 half bath. This 4,856 square foot home was built in 1995 on a lot size of 1.92.
Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, perfect for guests, extended family, or additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.
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FeaturesGeneralLiving Area 2982
Sewer Septic Installed
Heating Heat Pump
Cooling Ceiling Fan(s) Central Air
Roof Metal
Appliances Dishwasher Dryer Freezer Indoor Grill Microwave Refrigerator Washer Washer/Dryer
HOA Fee 500
Garage Spaces 3
Construction Materials Wood
Year Built 1995
View Long Range Mountain(s) Winter
Levels Two
Property Subtype Single Family Residence
Parcel Number 1847-01-37-0223-00000
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type Residential
HOA Y
Subdivision Name Mountain Meadows
Garage Y/N Y
Full Baths 5
High School Unspecified
City Banner Elk
Association Name Mountain Meadows POA
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/e0658835-50a8-43df-bae6-7e30c96dc53e?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/e0658835-50a8-43df-bae6-7e30c96dc53e?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Construction Type Site Built
Restrictions Short Term Rental Allowed
Tax Assessed Value 917000
Listing Terms Cash Conventional FHA
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InteriorBasement Full Walk-Out Access
Fireplace Features Gas
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1945
Half Baths 1
Laundry Features In Basement Laundry Room
Total Bedrooms 6
Below Grade Finished Area 1037
Total Baths 6
SqFt Main 1262
SqFt Lower 0
SqFt Upper 683
Bedroom 1
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ExteriorExterior Amenities Fire Pit Hot Tub
Parking Features Driveway Detached Garage
Water Source Shared Well
Lot Size Area 1.92
Foundation Details Basement
Road Surface Type Gravel Paved
Other Equipment Fuel Tank - Leased
Road Responsibility Private Maintained Road
Main Level Garage YN Y
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $14,497
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbySingle family listings in Banner Elk, NC
Average List Price $2,186,332
Percent of Sale Price 4%
About Banner Elk, NC 902 Population
25% Since 2002
$ 51,966 Median Income
33.26 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/15/2026 | $2,099,000 | -4.55% | Price Down |
| 9/28/2026 | $2,199,000 | -4.35% | Price Down |
| 9/14/2026 | $2,299,000 | -4.17% | Price Down |
| 7/30/2026 | $2,399,000 | | Listed Price |