$1,595,000

731 River Run Rd Banner Elk, NC 28604

Estimated payment $8,805/month

Total Views 2,495
5 Beds
5 Baths
3,584 Sq Ft
$445 Price per Sq Ft

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.

Listing Agent

Ron Kent

EXP Realty LLC Brokerage Phone: (561) 271-6853 Listed on: 03/04/2026

EXP Realty LLC

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,726

Year Built

Built in 2000

Lot Details

2.7 Acres

HOA Fees

$71 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.7
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: River Run
  • Above Grade Finished Sq Ft: 3584.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2000
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (561) 271-6853
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: One, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Furnished
  • Living Area: 3584.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s), Trees/Woods
  • View: Yes
  • Waterfront Features: River Access
  • Home Warranty: No
  • Construction Type: Hardboard, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Driveway, Garage, One Car Garage, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air, Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 5 or More Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Fishing, Gated, River, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 850.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1839-00-75-2349-00000

Tax Info

  • Tax Annual Amount: 1726.4
  • Tax Book Number: 574/51

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
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
Source: Public Records

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
Source: High Country Association of REALTORS®

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $292,849 New Conventional
Previous Owner $259,000 Unknown
Source: Public Records

Source: High Country Association of REALTORS®

MLS Number: 260022

High Country Association of REALTORS®

APN: 1839-00-75-2349-00000

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