321 Grays Shadow Lane, Banner Elk, NC 28604 (MLS # 263081)

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PRICE $1,100,000 dsIDX morgage calculator
BEDS 3
BATHS 3
HOME SIZE 2,215 sqft
LOT SIZE 7.33 ac

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.

DAYS ON MARKET 2 LAST UPDATED 7/7/2026
TRACT None YEAR BUILT 2002
COMMUNITY 5-Watauga, Shawneehaw GARAGE SPACES 2.0
COUNTY Watauga STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Valle Crucis
High School Watauga


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
AREA 5-Watauga, Shawneehaw
BASEMENT Other, Unfinished, Yes
CONSTRUCTION Frame, Log, Wood Siding
FIREPLACE Yes
GARAGE Yes
HEAT Electric, Fireplace(s), Heat Pump
INTERIOR High Speed Internet, Vaulted Ceiling(s)
LOT 7.33 acre(s)
LOT DIMENSIONS 7.33
PARKING Gravel, Basement, Driveway, Garage, Other, Private, Shared Driveway, See Remarks
SEWER Septic Tank
STORIES 2
STYLE Log Home, Mountain
SUBDIVISION None
TAXES 1717
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Other, See Remarks, Well
MORTGAGE CALCULATOR
   

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Listing provided by Nate Wright, Wright Brokers with Hyatt in the High Country

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