731 River Run Rd Banner Elk, NC 28604
Estimated payment $8,805/month
Highlights
- River Access
- Fishing
- Views of Trees
- Banner Elk Elementary School Rated A-
- Gated Community
- 2.7 Acre Lot
About This Home
RIVER RUN AT BANNER ELK - A PRIVATE BLUE RIDGE TURN KEY RETREAT WITH FAMOUS ELK RIVER ACCESS – TROPHY TROUT FISHING,SWIMMING & PRIVATE TRAILS !! A SHORT DRIVE TO TWO OF NORTH CAROLINA'S BEST SKI RESORTS, SUGAR MOUNTAIN AND BEECH MOUNTAIN! CLOSE TO WATAUGA LAKE & ELK FALLS. NESTLED BETWEEN THE PRESTIGIOUS ELK RIVER COUNTRY CLUB AND FAMOUS EAGLES NEST. VERY RARE OPORTUNITY IN THIS SOUGHT AFTER COMMUNITY MINUTES FROM DOWNTOWN BANNER ELK. RECENTLY RENOVATED AND EXPANDED WITH 5 BEDROOMS AND 5 FULL BATHROOMS THIS IS LIKE A NEW HOME WITH HIGH END FINISHES! LONG RANGE MOUNTAIN VIEWS !! Perfectly positioned just minutes from the storybook town of Banner Elk, this exceptional five-suite residence offers over 3,500 square feet of refined living space, breathtaking long-range mountain views, and rare access to the pristine Elk River—one of the High Country’s most treasured natural amenities. From the moment you arrive, the home’s elevated setting and sweeping vistas create an immediate sense of peace and privacy. Inside, the main living level is designed to capture the beauty of its surroundings, featuring soaring tongue-and-groove ceilings and a dramatic wall of windows framing panoramic views. Gather around the wood burning fireplace. Natural light fills the space, creating an atmosphere that is both grand and inviting—ideal for entertaining guests or simply relaxing above the clouds. The chef’s kitchen blends timeless design with modern performance, offering elegant quartz countertops, premium gas range, and high-end appliances. Just beyond, the newly added primary suite provides a true owner’s retreat, complete with private deck access, a serene sitting area, and uninterrupted mountain views. The spa-inspired bath offers a designer trough basin, a glass-enclosed walk-in shower and soaking tub positioned to take in the surrounding landscape—creating a daily experience of quiet luxury. The lower level is designed for hosting and gathering, featuring a spacious family and game room with custom live-edge bar, electric in-wall fireplace, and direct access to outdoor living areas. Three additional guest suites, each with private baths, ensure exceptional comfort and privacy for family and visitors. Outdoor living is central to the River Run lifestyle. Expansive decks, a private firepit gathering area, and rare usable acreage provide space to unwind, explore, and connect with nature. Hiking and biking trails on your own property. Whether enjoying cool summer evenings, vibrant fall colors, or peaceful winter snowfall, this home offers a year-round retreat from the intensity of coastal and urban environments. River Run residents enjoy exclusive access to the Elk River, renowned for trophy fly fishing, swimming holes, and scenic picnic areas—all just moments from the home. The gated setting provides both privacy and security, while remaining convenient to Banner Elk’s fine dining, boutique shopping, wineries, golf, skiing, and country clubs. With its recent permitted expansion in 2025, five private bedroom suites, and turnkey condition, this residence is ideally suited as a luxury mountain retreat, seasonal escape, or legacy property to be enjoyed for generations. This prime location is close to Watauga Lake Grandfather Mountain, Linville Gorge, Boone and Blowing Rock offering numerous cultural activities restaurants and more. This is more than a home - it is a place to slow down, reconnect, and experience the very best of Blue Ridge Mountain living.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,726
Year Built
- Built in 2000
Lot Details
- 2.7 Acre Lot
- Property fronts a private road
HOA Fees
- $71 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Gravel Driveway
Property Views
- Trees
- Mountain
Home Design
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Hardboard
Interior Spaces
- 3,584 Sq Ft Home
- 2-Story Property
- Wet Bar
- Furnished
- Wood Burning Fireplace
- Double Pane Windows
- Finished Basement
Kitchen
- Gas Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
- Soaking Tub
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- River Access
- Stream or River on Lot
- Covered Patio or Porch
- Fire Pit
Schools
- Banner Elk Elementary School
- Avery Middle School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Private Water Source
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 1839-00-75-2349-00000
Community Details
Overview
- River Run Subdivision
Recreation
- Fishing
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,921 | $643,200 | $64,300 | $578,900 |
| 2024 | $1,921 | $431,600 | $64,300 | $367,300 |
| 2023 | $1,921 | $480,300 | $64,300 | $416,000 |
| 2022 | $1,921 | $480,300 | $64,300 | $416,000 |
| 2021 | $1,642 | $343,900 | $56,700 | $287,200 |
| 2020 | $1,642 | $298,600 | $56,700 | $241,900 |
| 2019 | $1,642 | $298,600 | $56,700 | $241,900 |
| 2018 | $1,642 | $298,600 | $56,700 | $241,900 |
| 2017 | $1,703 | $309,600 | $0 | $0 |
| 2016 | $1,385 | $309,600 | $0 | $0 |
| 2015 | $1,385 | $309,600 | $56,700 | $252,900 |
| 2012 | -- | $386,600 | $94,500 | $292,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/04/2026 03/04/26 | For Sale | $1,595,000 | +281.3% | $445 / Sq Ft | |
| 08/14/2020 08/14/20 | Sold | $418,357 | 0.0% | $169 / Sq Ft | View Prior Sale |
| 07/15/2020 07/15/20 | Pending | -- | -- | -- | |
| 06/16/2020 06/16/20 | For Sale | $418,357 | +16.5% | $169 / Sq Ft | |
| 10/15/2018 10/15/18 | Sold | $359,000 | 0.0% | $145 / Sq Ft | View Prior Sale |
| 09/15/2018 09/15/18 | Pending | -- | -- | -- | |
| 06/07/2018 06/07/18 | For Sale | $359,000 | -- | $145 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Di Santi Capua & Garrett Pllc | |
| Warranty Deed | $418,500 | None Available | |
| Warranty Deed | $359,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $292,849 | New Conventional | |
| Previous Owner | $259,000 | Unknown |
Source: High Country Association of REALTORS®
MLS Number: 260022
APN: 1839-00-75-2349-00000
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Ask me questions while you tour the home.