$6,500,000
 $34,893 est/mo Sourced by Back At You

224 Chestnut Trail,Banner Elk, NC 28604

Banner Elk, NC 28604

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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.

Details

MLS #262922
Listing TypeFor Sale
StyleHouse
HOA Dues$6,505
Sub-TypeResale
Year1993
Days On Site59
Listing Provided ByElk River Realty | Richard Foster

Features

Bed(s)4
Bath(s) 7 Total
SQ Feet6,866
Garage2
BasementY
Story(s)3
ZoningResidential
Acreage4.28
Golf CourseYes
Water FrontYes
Property ViewYes

Interior

Cooling Yes / NoYes
CoolingCentral Air, Three Or More Units
Heating Yes / NoYes
HeatingElectric, Forced Air, Fireplaces, Heat Pump, Propane
Interior FeaturesAttic, Wet Bar, Pull Down Attic Stairs, Skylights, Vaulted Ceilings
Window FeaturesSkylights
AppliancesDouble Oven, Dishwasher, Electric Water Heater, Induction Cooktop, Microwave, Refrigerator
Fireplace FeaturesThree, Gas, Vented, Propane
Fireplace Yes / NoYes
Fireplaces Total3
Laundry FeaturesWasher Hookup, Dryer Hookup

Exterior

Exterior FeaturesFence
RoofShake, Wood
Security FeaturesTwenty Four Hour Security
Construction MaterialsStone, Wood Siding, Wood Frame
Lot FeaturesWaterfall

Parking

Garage Yes / NoYes
Attached Garage Yes / NoYes
Parking FeaturesAttached, Driveway, Garage, Two Car Garage, Oversized

Utilities

UtilitiesHigh Speed Internet Available
SewerSeptic Permit4Bedroom
ElectricGenerator

Taxes

Tax Annual Amount7386.81
Tax Book Number552/1102

Location

Community FeaturesClub Membership Available, Clubhouse, Dog Park, Equestrian Community, Fitness Center, Fishing, Golf, Gated, Pickleball, Pool, River, Airport Runway, Tennis Courts, Trails Paths

Area Information

StateNC
CountyAvery
CityBanner Elk
Zip Code28604
Area8 Banner Elk
Community NameElk River
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in Elk River)
Price:
$6,500,000
low | high
Med:
$2,900,000
100% of Average
sqft:
6,866
low | high
Med:
3,908
93.089134867463% of Average
$ / sqft:
$947
low | high
Med:
$755
70.259711596112% of Average
On site:
59
low | high
Med:
134.5
43.866171003717% of Average
Sourced by Back At You

Market Activity 28604

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Learn More About This Property

StateNC
CountyAvery
CityBanner Elk
Zip Code28604
Area8 Banner Elk
Community NameElk River
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in Elk River)
Price:
$6,500,000
low | high
Med:
$2,900,000
100% of Average
sqft:
6,866
low | high
Med:
3,908
93.089134867463% of Average
$ / sqft:
$947
low | high
Med:
$755
70.259711596112% of Average
On site:
59
low | high
Med:
134.5
43.866171003717% of Average
Sourced by Back At You
Listing Updated: August 30, 2026 at 4:44:20 PM PDT
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