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$6,500,000
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Property Description
This one-of-a-kind estate home in the exclusive Elk River Club enclave beautifully blends monumental, hand-crafted mountain architecture with refined, contemporary finishes. Prominently positioned on an ultra-private cul-de-sac, the residence features a striking exterior of native field stone and cedar siding framed by a grand cobblestone motor court. Designed for a world-class vehicular collection, the fully climate-controlled, heated, and air-conditioned garage is equipped with custom electric screens that seamlessly drop down when the garage doors are open, creating a pristine, versatile environment. For ultimate peace of mind, the entire estate is supported by a comprehensive, whole-house generator. Inside, the main level boasts warm traditional mahogany walls, Brazilian cherry hardwood floors, and a palatial primary suite complete with a stone fireplace and private study adorned with hand-applied genuine gold leaf. This level of meticulous, bespoke craftsmanship ensures that no detail has been overlooked in creating an environment of unparalleled prestige. For leisure and hosting, the lower level has been transformed into a premier, multi-functional space. Boasting a relaxed family room, a dedicated movie room, and a beautifully appointed full bath, this floor features a kitchenette complete with a microwave, refrigerator, and dishwasher drawer. This self-contained layout functions effortlessly as a private guest suite. Guests are equally accommodated across three additional upper-level suites, ensuring the estate hosts large-scale family gatherings with ease. The interior living spaces connect to the outdoors, where an enchanting morning room offers pristine mountain views through expansive floor-to-ceiling glass. Outside, the property transforms into a secure four-acre botanical wonderland showcasing eight spectacular waterfalls, shimmering ponds, and winding cobblestone trails. This masterfully engineered estate effortlessly harmonizes the grandeur of its natural surroundings with the elite security and seclusion demanded by the modern connoisseur. Ultimately, acquiring this magnificent, generational asset represents far more than a real estate transaction; it offers the rare fulfillment of a true mountain lifestyle dream.
Full Property Details
Full Property Details for 224 Chestnut Trl
General
- Price: $6,500,000
- HOA FEE: $542/month
- HOA FEE FREQ.: Annually
- Taxes: $7,386
- Status: Active
- Type: Single Family
- Source: 2217
- MLS ID: 262922
- Updated: 7/6/2026
- Added to Site: 58 day(s) ago
Interior
- Interior Features: Attic, Wet Bar, Pull Down Attic Stairs, Skylights, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Three, Gas, Vented, Propane
- Appliances: Double Oven, Dishwasher, Electric Water Heater, Induction Cooktop, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Additional Information
- Shared Pool: Yes
- Pool: Yes
- Pool Description: Community
- Tennis: Yes
- Security/Safety: 24 Hour Security
Exterior
- Exterior Features: Fence
- Porch/Patio/Deck: Patio, Stone
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Attached, Driveway, Garage, Two Car Garage, Oversized
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: Elk River
School Information
- Elementary School: Banner Elk
- High School: Avery County
Community
- Community Name: 8-Banner Elk
- Gated community: Yes
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, 3+ Units
- Heating Type: Electric, Forced Air, Fireplace(s), Heat Pump, Propane
Utilities
- Sewer: Septic Permit 4 Bedroom
- Water: Community/Coop
- Utility Description: High Speed Internet Available
Structural Information
- Architectural Style: Traditional
- Detached/Attached: Detached
- Construction: Stone, Wood Siding, Wood Frame
- Basement Desc.: Crawl Space
- Roof: Shake, Wood
- Windows: Skylight(s)
- Stories/Levels: 3
- Square Feet: 6,866
- Living Area: 6,866 Sq. Ft.
- Finished Total: 6,866 Sq. Ft.
- Finished Above Grnd: 5,362 Sq. Ft.
- Finished Below Grnd: 1,504 Sq. Ft.
- Year Built: 1993
Lot Features
- Property View: Mountain(s), Seasonal View
- Lot Size (Acres): 4.28
- Lot Size: 4.28
- Frontage: Private Road, Paved
- Lot Features: Waterfall
- Zoning: Residential
- Fencing (Description): Partial
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $6,505
- Assoc Fee Freq.: Annually
- Tax Amount: $7,386.81
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1848-01-16-5624-00000
Listed by Elk River Realty
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Schools
Schools serving 224 Chestnut Trl
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 2.9 mi |
Cranberry Middle School 6230 North US Highway 19E, Elk Park, NC 28622 | 6-8 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 Chestnut Trl
Date
Details
Price
Change
Source
7/02/2026
Listed
$6,500,000
203725.65%
MLS
6/25/2018
Sold
$3,189
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 224 Chestnut Trl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,387
—
$1,846,700
—
2024
$7,387
—
$1,846,700
—
2023
$7,387
—
$1,846,700
—
2022
$7,387
25%
$1,846,700
72%
2021
$5,917
—
$1,075,900
—
2019
$5,917
—
$1,075,900
—
2018
$5,917
-6%
$1,075,900
-6%
2017
$6,302
23%
$1,145,900
—
2016
$5,124
—
$1,145,900
—
2015
$5,124
-14%
$1,145,900
—
2014
$5,970
-10%
$1,145,900
-30%
2013
$6,627
—
$1,636,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 Chestnut Trl
224 Chestnut Trail, Banner Elk, NC 28604 (MLS# 262922) is a Single Family property with 4 bedrooms, 5 full bathrooms and 2 partial bathrooms. 224 Chestnut Trail is currently listed for $6,500,000 and was received on July 02, 2026. Want to learn more about 224 Chestnut Trail? Do you have questions about finding other Single Family real estate for sale in Banner Elk? You can browse all Banner Elk real estate or contact a Coldwell Banker agent to request more information.

