$3,200,000
 $17,178 est/mo Sourced by Back At You

534 Farm Loop Road,Banner Elk, NC 28604

Banner Elk, NC 28604

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Description

First Time on the Market! Motivated Seller-Price Reduced After Only A Month On The Market. Welcome to this Exceptional Custom One-Level Living Mountain Estate situated on 3.28 acres, Lots 47 (1.50 acres) and 48 (1.78 acres) have been combined but may be split, making Lot 47 the last upper view lot available for building in The Farm. Thoughtfully designed and built by a renowned custom home builder as his own personal summer residence. Completed in April 2023, this one-of-a-kind home showcases superior craftsmanship, premium materials, and meticulous attention to detail throughout. Perfectly positioned on one of the highest and largest homesites in The Farm at Banner Elk, this spectacular property sits at approximately 4,000 feet in elevation, offering breathtaking Grandfather Mountain profile views while providing the rare combination of in-town convenience and the peaceful feel of a private gated country retreat. Offered fully furnished and professionally decorated makes this turnkey mountain retreat ready to move in immediately after the purchase. Adjacent homesite is included providing added privacy, the opportunity to build another home, or the flexibility to sell the additional lot in the future. Designed for both luxury and longevity, the home features a maintenance-free exterior-a significant advantage over many traditional mountain homes-as well as top-of-the-line Pella Architectural Low-E DP50 top wind rated insulated windows and doors for outstanding energy efficiency and comfort. Quartz or Granite countertops throughout the home. Premium Thermador appliances and all 8' Knotty Alder interior doors. Additional features include a lightning protection system, a Sonos sound system throughout the home, a central vacuum system, and a Rinnai tankless water heater. Offering approximately 4,300 square feet of heated living space, this 4-bedroom, 4.5-bath residence is ideal for everyday living and entertaining. *Only the large Family Room fireplace can be converted to woodburning if new owner chooses to do so. Enjoy the comfort of a heated master bathroom floor. Outdoor living is elevated with an incredible 1,000-square-foot covered view deck complete with a summer kitchen featuring a built-in grill, refrigerator, sink, stone fireplace, and television-perfect for enjoying the cool mountain air and unforgettable sunsets. Car enthusiasts and hobbyists will appreciate the impressive 1,500+-square-foot garage, accommodating 4 to 6 vehicles, garage has a 50 amp hookup for EV charging while the home encompasses an impressive 6,877 square feet under roof including deck. This is a rare opportunity to own one of Banner Elk's finest custom homes-where luxury, quality, location, privacy and spectacular mountain views come together in an extraordinary offering.

Details

MLS #263235
Listing TypeFor Sale
StyleHouse
HOA Dues$2,100
Sub-TypeResale
Year2023
Days On Site95
Listing Provided ByBlue Ridge Realty & Inv. - Banner Elk | Linda Cramblit

Features

Bed(s)4
Bath(s) 5 Total
SQ Feet4,260
BasementY
Story(s)1
Acreage3.28
Water FrontYes
Property ViewYes

Interior

Cooling Yes / NoYes
CoolingGas, Two Units
Heating Yes / NoYes
HeatingForced Air, Fireplaces, Gas, Hot Water, Propane, Wood, Zoned
Interior FeaturesAttic, Central Vacuum, Furnished, Pull Down Attic Stairs, Window Treatments
Window FeaturesDouble Pane Windows, Screens, Window Treatments
AppliancesDouble Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Gas Water Heater, Microwave Hood Fan, Microwave, Other, Range, Refrigerator, See Remarks, Tankless Water Heater, Washer
Fireplace FeaturesThree, Gas, Other, See Remarks, Stone, Vented, Wood Burning, Outside, Propane
Fireplace Yes / NoYes
Fireplaces Total3
Laundry FeaturesWasher Hookup, Dryer Hookup, Main Level

Exterior

Exterior FeaturesOutdoor Grill, Outdoor Kitchen, Storage, Paved Driveway
RoofArchitectural, Shingle
Security FeaturesSecurity System, Closed Circuit Cameras
Construction MaterialsBlock, Fiber Cement, Frame, Hardboard, Masonry, Other, Stone Veneer, See Remarks, Wood Frame
Foundation DetailsBasement

Parking

Garage Yes / NoYes
Attached Garage Yes / NoYes
Parking FeaturesAttached, Driveway, Garage, Other, Oversized, Paved, Private, Three Or More Spaces, See Remarks

Utilities

UtilitiesHigh Speed Internet Available
SewerPrivate Sewer, Septic Permit4Bedroom
ElectricGenerator, Volts220

Taxes

Tax Annual Amount13897.6
Tax Book Number592/1208

Location

Community FeaturesGated, Long Term Rental Allowed, Short Term Rental Allowed

Area Information

StateNC
CountyAvery
CityBanner Elk
Zip Code28604
Area8 Banner Elk
Community NameThe Farm At Banner Elk
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in The Farm At Banner Elk)
Price:
$3,200,000
low | high
Med:
$1,625,000
99.21875% of Average
sqft:
4,260
low | high
Med:
3,405
70.070422535211% of Average
$ / sqft:
$751
low | high
Med:
$477
86.467511013216% of Average
On site:
95
low | high
Med:
182
52.197802197802% 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 NameThe Farm At Banner Elk
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in The Farm At Banner Elk)
Price:
$3,200,000
low | high
Med:
$1,625,000
99.21875% of Average
sqft:
4,260
low | high
Med:
3,405
70.070422535211% of Average
$ / sqft:
$751
low | high
Med:
$477
86.467511013216% of Average
On site:
95
low | high
Med:
182
52.197802197802% of Average
Sourced by Back At You
Listing Updated: October 22, 2026 at 8:34:49 AM PDT