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$2,399,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 419 Summit Trail
General
- Price: $2,399,000
- HOA FEE: $42/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4371218
- Updated: 7/30/2026
- Added to Site: 2 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Gas, Gas
- Appliances: Dishwasher, Dryer, Freezer, Indoor Grill, Microwave, Refrigerator, Washer, Washer/Dryer
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
- Upper 2 - Full Baths: 2
- Upper 2 - 1/2 Baths: 1
- Upper - Full Baths: 1
- Main - Full Baths: 1
- Basement Baths: 1
Bedrooms
- Total Bedrooms: 6
- Bedrooms-B: 2
- Bedrooms Upper: 1
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: In Basement, Laundry Room
Additional Information
- Equipment: Fuel Tank - Leased
Exterior
- Exterior Features: Fire Pit, Hot Tub
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Driveway, Detached Garage
Location
- County: Avery
- Subdivision: Mountain Meadows
Community
- Assoc. Name: Mountain Meadows POA
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Shared Well
Structural Information
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Full, Walk-Out Access
- Roof: Metal
- Upper: 683 Sq. Ft.
- Main/1st Level: 1,262 Sq. Ft.
- Year Built: 1995
Lot Features
- Street/Road Desc.: Gravel, Paved
Financial Considerations
- Association Fee: $500
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Special Conditions: Subject to Lease
- Restrictions: Short Term Rental Allowed
- Property ID: 1847-01-37-0223-00000
- Lot Number: 575/1670
Listed by EXP Realty LLC
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Schools
Schools serving 419 Summit Trail
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 2.9 mi |
Avery Middle 102 Old Montezuma Road, Newland, NC 28657 | 6-8 | 4.1 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 419 Summit Trail
Date
Details
Price
Change
Source
7/30/2026
Listed
$2,399,000
49.94%
MLS
3/29/2022
Sold
$1,600,000
—
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 419 Summit Trail
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,668
3%
$917,000
3%
2024
$3,564
—
$891,100
—
2023
$3,564
100%
$891,100
—
2022
-100%
$891,100
38%
2021
$3,561
—
$647,400
—
2019
$3,561
—
$647,400
226%
2018
$3,561
15%
$198,300
-65%
2017
$3,099
23%
$563,400
—
2016
$2,520
—
$563,400
—
2015
$2,520
-14%
$563,400
—
2014
$2,935
-1%
$563,400
-23%
2013
$2,971
—
$733,700
—
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 419 Summit Trail
419 Summit Trail, Banner Elk, NC 28604 (MLS# 4371218) is a Single Family property with 6 bedrooms, 5 full bathrooms and 1 partial bathroom. 419 Summit Trail is currently listed for $2,399,000 and was received on July 30, 2026. Want to learn more about 419 Summit 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.

