419 Summit Trail, Banner Elk, NC

$2,399,000

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6

Beds

6

Baths

2,982

Square feet

1.92

Acres

About 419 Summit Trail

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, for 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.

Features of 419 Summit Trail

MLS® # 262780
Price $2,399,000
Bedrooms 6
Bathrooms 6.00
Full Baths 5
Half Baths 1
Square Footage 2,982
Acres 1.92
Year Built 1995
Type Residential
Sub-Type Single Family Residence
Style Mountain
Status Active

Community Information

Address 419 Summit Trail
Area 8-Banner Elk
Subdivision Mountain Meadows
City Banner Elk
County Avery
Province NC
Postal Code 28604

Amenities

Utilities Septic Available
Parking Detached, Garage, Oversized
Garages Detached, Garage, Oversized
Is Waterfront No
Has Pool No

Interior

Interior Features Furnished
Appliances Dryer, Dishwasher, Freezer, Microwave, Refrigerator, Washer
Heating Electric, Fireplace(s), Heat Pump
Cooling Central Air, Other, See Remarks
Fireplace Yes
Fireplaces Gas, Vented, Propane
# of Stories 2
Stories Two
Has Basement Yes
Basement Finished

Exterior

Exterior Wood Siding, Wood Frame
Exterior Features Fire Pit, Hot Tub/Spa
Roof Metal
Construction Wood Siding, Wood Frame
Foundation Basement

School Information

Elementary Banner Elk
High Avery County

Additional Information

Date Listed August 12th, 2026
Days on Market 6
Short Sale No
RE / Bank Owned No
HOA Fees 500
HOA Fees Freq. Annually

Listing Details

OfficeEXP Realty LLC
Contact Info828-620-2541

Listing Map

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