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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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419 Summit Trl , Banner Elk, NC 28604
$2,299,000
Est. Payment: $5,108.89/mo
6 Bed
6 Bath
2982 Sqft
Status: Active | Days on site: 46
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372903 - 74583
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House Description

Perched on approximately 1.92 acres with breathtaking long-range mountain views, The Elk Lodge is a rare High Country retreat and a proven, high-performing short-term rental with established income history. Offered fully furnished and turnkey, this income-generating vacation rental delivers immediate cash flow potential for investors or a luxury mountain escape for buyers who want it all. The property is designed as a true mountain compound: a spacious 4-bedroom main lodge, a fully finished 2-bedroom accessory dwelling unit (ADU) above the garage, and a massive detached climate-controlled game and entertainment building. The main lodge features multiple inviting living spaces including a sunroom with panoramic mountain views, loft, family room, chef's kitchen with premium appliances and coffee bar, and a finished walkout basement with an additional lounge/media area, two bedrooms, a full bathroom, and laundry. The finished ADU functions as a true second residence with its own full kitchen, family room, laundry, two en suite bedrooms, queen sleeper sofa, and spectacular mountain views, perfect for guests, extended family, or additional short-term rental accommodations. The standout feature is an expansive climate-controlled recreation building built for year-round entertainment with a 70-inch Smart TV, pool table, shuffleboard, poker and game table, classic arcade games, comfortable lounge seating, and a half bathroom. Outdoors, guests rave about the hot tub, expansive stone patio, and large fire pit positioned to capture sweeping mountain scenery, unforgettable sunsets, and star-filled skies. Located just minutes from downtown Banner Elk, Sugar Mountain Resort, Beech Mountain Resort, the Elk River, and endless hiking, fishing, and skiing, the property balances privacy with unbeatable convenience. With proven short-term rental performance, a fully turnkey offering, an exceptional finished ADU, and extensive entertainment amenities, The Elk Lodge is a rare income-generating opportunity in one of North Carolina's most sought-after mountain destinations.

Highlights

Listed by Tyler Coon , 828-620-2541 EXP Realty LLC , 888-584-9431.

Property Type

Residential

Lot/Acreage
1.92

HOA Fee

500 Annually

Year Built

1995

County

Avery

Neighborhood

Mountain Meadows

Listing ID

4371218

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:5
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Dryer, Freezer, Indoor Grill, Microwave, Refrigerator, Washer, Washer/Dryer
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:Gas
Above Ground Sq Ft:1945
Below Ground Sq Ft:1037
Basement:Full,Walk-Out Access
Other:
  • Additional:Has Fireplace
Water:Shared Well

Exterior Features

Roof:Metal
Others:
  • Additional:Fire Pit, Hot Tub
Sewer:Septic Installed
Parking Features:Driveway,Detached Garage
Principal Interest
$5,109
Taxes
$1,466
HOA
$500

Home Price

$2,299,000

Loan Details

30 yrs
%

Down Payment

20%
$459,800
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Monthly Price:
$5,108.89

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,108.89 $1,465.61 $500.00 $7,074.50
Yearly $61,306.67 $17,587.35 $6,000.00 $84,894.02
Total $1,839,200.00 $527,620.50 $180,000.00 $2,546,820.50

Today's Rates

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0%

20 Year

0%

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0%

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Market insight data is pulled from the same city as the listing being viewed (Banner Elk, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.