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$2,700,000
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Property Description
Welcome to one of Banner Elk's most distinctive luxury residences-where modern elegance meets urban-industrial sophistication. Conceived and curated by Academy Award-winning producers, this bespoke home showcases the perfect harmony between natural mountain warmth and cutting-edge design. From hand-selected local timber beams to artisan-crafted furniture, fixtures, & lighting sourced from top makers across the country, every detail was chosen with intention and aesthetic precision. Privately nestled at the end of a 300-foot driveway in a beautiful gated enclave, the home offers rare, uninterrupted panoramic views of the High Country completely unspoiled by neighboring rooftops-yet only 3 minutes from downtown Banner Elk and less than 10 minutes to the ski lifts. Designed as a sanctuary for both people and pets, the property features nearly an acre of beautifully landscaped grounds wrapped in a discreet privacy fence-creating the ultimate off-leash haven for your dogs to roam freely. Luxury meets functionality in every room. Highlights include: intelligent bidet toilets, heated bathroom floors, custom closets throughout, spa-style rain showers, designer subway tile, and electric layered blinds. Three natural gas fireplaces add cozy ambiance throughout the home and multiple outdoor covered spaces. Smart living is seamlessly integrated with Samsung Frame TVs throughout and a tankless water heater for on-demand comfort. Even the garage exudes polish with a pristine epoxy floor. Enjoy the outdoors year-round with multiple covered and fully furnished outdoor living spaces-perfect for entertaining, morning coffee, or sunset mountain views in complete comfort. This is not just a home-it's a turn-key lifestyle, offered fully furnished and equipped, ready for immediate enjoyment. A rare offering for those seeking privacy, style, proximity to town and ski slopes, and a showpiece home designed with soul. Don't miss the opportunity to own this modern mountain unicorn.
Full Property Details
Full Property Details for 706 Silver Springs Rd
General
- Sold For: $2,700,000
- HOA FEE: $250/month
- HOA FEE FREQ.: Annually
- Taxes: $5,257
- Status: Closed
- Type: Single Family
- Source: 2217
- MLS ID: 256221
- Added to Site: 212 day(s) ago
Interior
- Interior Features: Furnished, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Three, Stone, Vented, Gas, Outside
- Appliances: Built-In Oven, Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 4
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, Upper Level
Exterior
- Exterior Features: Fence, Gravel Driveway
- Porch/Patio/Deck: Covered, Multiple
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Driveway, Garage, Two Car Garage, Gravel, Private
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: Silver Springs Farm
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
- Heating Type: Fireplace(s), Gas
Utilities
- Sewer: Septic Permit 5 or More Bedroom
- Water: Private, Well
- Well: Yes
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Stone, Wood Siding, Wood Frame
- Basement Desc.: Crawl Space
- Roof: Architectural, Shingle
- Stories/Levels: 2
- Square Feet: 4,280
- Living Area: 3,979 Sq. Ft.
- Finished Total: 3,979 Sq. Ft.
- Finished Above Grnd: 2,526 Sq. Ft.
- Finished Below Grnd: 1,453 Sq. Ft.
- Year Built: 2021
Lot Features
- Property View: Long Range, Mountain(s)
- Lot Size (Acres): 1.16
- Lot Size: 1.16
- Frontage: Private Road, Paved
- Fencing (Description): Partial
Financial Considerations
- Association Fee: $3,000
- Assoc Fee Freq.: Annually
- Tax Amount: $5,257.6
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1849-00-71-9486-00000
Listed and Sold by Blue Ridge Realty & Inv. - Banner Elk
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Schools
Schools serving 706 Silver Springs Rd
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 2 mi |
Cranberry Middle School 6230 North US Highway 19E, Elk Park, NC 28622 | 6-8 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 706 Silver Springs Rd
Date
Details
Price
Change
Source
9/15/2025
Sold
$2,700,000
-8.47%
MLS
6/20/2025
Listed
$2,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
706 Silver Springs Road, Banner Elk, NC 28604 (MLS# 256221) is a Single Family property that was sold at $2,700,000 on September 15, 2025. Want to learn more about 706 Silver Springs Road? 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.

