321 Grays Shadow Lane, Banner Elk, NC

$1,100,000

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3

Beds

3

Baths

2,215

Square feet

7.33

Acres

About 321 Grays Shadow Lane

Unique Foscoe log cabin opportunity on 7.33 acres backing up to Grandfather Mountain State Park land. Ideally located between Boone and Banner Elk, this 3 bedroom, 2.5 bathroom cabin offers over 2,200 square feet of living space, an oversized 2-car garage, seasonal mountain views, and room to enjoy, expand, or create a true High Country retreat. With no HOA, no deed restrictions, light Foscoe-Grandfather zoning, and short- and long-term rentals permitted, this property offers excellent flexibility for personal use, investment, or future buildout. The cabin features a desirable open floor plan with one-level living, vaulted ceilings, warm wood accents, abundant windows for natural light, and a gas fireplace in the main living area. The main level includes a generously sized living room, dining area, pantry, laundry room, guest half bath, and spacious primary suite with en-suite bathroom and walk-in closet. A large 550+ square foot deck is accessed from both the main living area and primary bedroom, creating a great outdoor living space with wiring already in place for a hot tub. Upstairs offers two additional bedrooms, a full bathroom, and a large loft area, providing excellent space for guests, office use, or a second living area. The land is a special part of this offering, with a mix of flat and sloping terrain, a natural wooded setting, beautiful rock outcroppings, a creek, and additional potential building sites. Seasonal mountain views may be enhanced with selective tree work. The oversized basement garage offers room for two vehicles stacked, storage, workshop space, or mountain toys. Whether you envision a generational homeplace, guest cabins, rental opportunities, or simply keeping the acreage natural and private, this property provides a rare combination of acreage, location, flexibility, and proximity to Grandfather Mountain State Park. Minutes from grocery, restaurants, parks, Grandfather Vineyard, and more, with Boone and Banner Elk approximately 15 minutes away.

Features of 321 Grays Shadow Lane

MLS® # 263081
Price $1,100,000
Bedrooms 3
Bathrooms 3.00
Full Baths 2
Half Baths 1
Square Footage 2,215
Acres 7.33
Year Built 2002
Type Residential
Sub-Type Single Family Residence
Style Log Home, Mountain
Status Active

Community Information

Address 321 Grays Shadow Lane
Area 5-Watauga, Shawneehaw
Subdivision None
City Banner Elk
County Watauga
Province NC
Postal Code 28604

Amenities

Utilities Cable Available, High Speed Internet Available, Septic Available
Parking Basement, Driveway, Garage, Two Car Garage, Gravel, Other, Private, Shared Driveway, See Remarks
# of Garages 2
Garages Basement, Driveway, Garage, Two Car Garage, Gravel, Other, Private, Shared Driveway, See Remarks
View Mountain(s), Seasonal View
Is Waterfront No
Has Pool No

Interior

Interior Features Furnished, Vaulted Ceiling(s)
Appliances Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer
Heating Electric, Fireplace(s), Heat Pump
Cooling Heat Pump
Fireplace Yes
Fireplaces Gas, Propane
# of Stories 2
Stories Two
Has Basement Yes
Basement Other, See Remarks, Unfinished

Exterior

Exterior Log, Wood Siding, Wood Frame
Exterior Features Gravel Driveway
Roof Asphalt, Shingle
Construction Log, Wood Siding, Wood Frame
Foundation Basement

School Information

Elementary Valle Crucis
High Watauga

Additional Information

Date Listed July 6th, 2026
Days on Market 3
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWright Brokers with Hyatt in the High Country

Listing Map

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