$2,950,000

706 Silver Springs Dr Banner Elk, NC 28604

Estimated payment $17,012/month

Total Views 1,644
5 Beds
6 Baths
3,979 Sq Ft
$741 Price per Sq Ft

Highlights

  • Mountain View
  • Rustic Architecture
  • 2 Car Attached Garage
  • Banner Elk Elementary School Rated A-
  • Fireplace
  • Laundry Room

About This Home

Welcome to one of Banner Elk’s most distinctive residences-modern elegance meets urban-industrial sophistication. Conceived & curated by Academy Award–winning producers, this bespoke home showcases perfect harmony between natural mountain warmth & cutting-edge design. From hand-selected local timber beams to artisan-crafted furniture, fixtures & lighting sourced from top makers across the country, every detail chosen with intention & aesthetic precision. Privately nestled at the end of a 300-ft driveway in a beautiful gated enclave, the home offers rare, uninterrupted panoramic views of the High Country completely unspoiled by neighboring rooftops-yet only 3 minutes from downtown Banner Elk & less than 10 minutes to the ski lifts. Designed as a sanctuary for both people & pets, property features nearly an acre of beautifully landscaped grounds wrapped in a discreet privacy fence—creating the ultimate off-leash haven for your dogs to roam freely. Luxury meets function in every room.

Listing Agent

Lisa Holmes

Blue Ridge Realty & Investments Brokerage Email: lholmes@brri.net License #101474 Listed on: 06/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,258

Year Built

  • Built in 2020

Lot Details

  • Partially Fenced Property

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Rustic Architecture
  • Wood Siding
  • Stone Veneer

Interior Spaces

  • Fireplace
  • Mountain Views
  • Walk-Out Basement

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School
  • Avery County Middle School
  • Avery County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • Silver Springs Farm Estates Association
  • Silver Springs Farm Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 1849-00-71-9486-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,258

Year Built

Built in 2020

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Rustic
  • Year Built: 2020
  • Road Surface Type: Gravel, Paved
  • Unit Levels: 1 Story/F.R.O.G.
  • Ratio CurrentPrice/TotalPropertyHLA: 741.39
  • Geocode Confidence: High
  • Attribution Contact: lholmes@brri.net
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2234
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 447
  • Sq Ft Unheated Total: 447
  • Sq Ft Upper: 292
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator with Ice Maker, Self Cleaning Oven, Washer
  • Above Grade Finished Sq Ft: 2526
  • Has Basement: Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1453
  • Living Area: 3979
  • Bedroom Main: 3
  • Room Count: 14
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Partial
  • View: Mountain(s)
  • Construction Type: Stone Veneer, Wood

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 447
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Central
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Central Air
  • Utilities: Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 3000
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Silver Springs Farm Estates

Association/Amenities

  • Association Annual Expense: 3000.00

Schools

  • Middle Or Junior School: Avery County
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 1.16
  • Lot Size Units: Acres
  • Parcel Number: 1849-00-71-9486-00000
  • Additional Parcels: No
  • Zoning Specification: r

MLS Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,258 $1,314,400 $45,000 $1,269,400
2022 $5,258 $1,314,400 $45,000 $1,269,400
2021 $151 $704,400 $27,500 $676,900
2020 $151 $27,500 $27,500 $0
2019 $151 $27,500 $27,500 $0
2018 $151 $27,500 $27,500 $0
2017 $138 $25,000 $0 $0
2016 $112 $25,000 $0 $0
2015 $112 $25,000 $25,000 $0
2012 -- $62,500 $62,500 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $2,950,000 -- $741 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,306,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $548,250 New Conventional
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4275009

Canopy MLS (Canopy Realtor® Association)

APN: 1849-00-71-9486-00000