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Property Description
RIVER RUN AT BANNER ELK - A PRIVATE BLUE RIDGE TURN KEY RETREAT WITH FAMOUS ELK RIVER ACCESS - TROPHY TROUT FISHING,SWIMMING & PRIVATE TRAILS !! A SHORT DRIVE TO TWO OF NORTH CAROLINA'S BEST SKI RESORTS, SUGAR MOUNTAIN AND BEECH MOUNTAIN! CLOSE TO WATAUGA LAKE & ELK FALLS. NESTLED BETWEEN THE PRESTIGIOUS ELK RIVER COUNTRY CLUB AND FAMOUS EAGLES NEST. VERY RARE OPORTUNITY IN THIS SOUGHT AFTER COMMUNITY MINUTES FROM DOWNTOWN BANNER ELK. RECENTLY RENOVATED AND EXPANDED WITH 5 BEDROOMS AND 5 FULL BATHROOMS THIS IS LIKE A NEW HOME WITH HIGH END FINISHES! LONG RANGE MOUNTAIN VIEWS !! Perfectly positioned just minutes from the storybook town of Banner Elk, this exceptional five-suite residence offers over 3,400 square feet of refined living space, breathtaking long-range mountain views, and rare access to the pristine Elk River-one of the High Country's most treasured natural amenities. From the moment you arrive, the home's elevated setting and sweeping vistas create an immediate sense of peace and privacy. Inside, the main living level is designed to capture the beauty of its surroundings, featuring soaring tongue-and-groove ceilings and a dramatic wall of windows framing panoramic views. Gather around the wood burning fireplace. Natural light fills the space, creating an atmosphere that is both grand and inviting-ideal for entertaining guests or simply relaxing above the clouds. The chef's kitchen blends timeless design with modern performance, offering elegant quartz countertops, premium gas range, and high-end appliances. Just beyond, the newly added primary suite provides a true owner's retreat, complete with private deck access, a serene sitting area, and uninterrupted mountain views. The spa-inspired bath offers a designer trough basin, a glass-enclosed walk-in shower and soaking tub positioned to take in the surrounding landscape-creating a daily experience of quiet luxury. The lower level is designed for hosting and gathering, featuring a spacious family and game room with custom live-edge bar, electric in-wall fireplace, and direct access to outdoor living areas. Three additional guest suites, each with private baths, ensure exceptional comfort and privacy for family and visitors. Outdoor living is central to the River Run lifestyle. Expansive decks, a private firepit gathering area, and rare usable acreage provide space to unwind, explore, and connect with nature. Hiking and biking trails on your own property. Whether enjoying cool summer evenings, vibrant fall colors, or peaceful winter snowfall, this home offers a year-round retreat from the intensity of coastal and urban environments. River Run residents enjoy exclusive access to the Elk River, renowned for trophy fly fishing, swimming holes, and scenic picnic areas-all just moments from the home. The gated setting provides both privacy and security, while remaining convenient to Banner Elk's fine dining, boutique shopping, wineries, golf, skiing, and country clubs. With its recent permitted expansion in 2025, five private bedroom suites, and turnkey condition, this residence is ideally suited as a luxury mountain retreat, seasonal escape, or legacy property to be enjoyed for generations. This prime location is close to Watauga Lake Grandfather Mountain, Linville Gorge, Boone and Blowing Rock offering numerous cultural activities restaurants and more. This is more than a home - it is a place to slow down, reconnect, and experience the very best of Blue Ridge Mountain living.
Full Property Details
Full Property Details for 731 River Run
General
- Price: $1,595,000
- HOA FEE: $71/month
- HOA FEE FREQ.: Annually
- Taxes: $1,726
- Status: Active
- Type: Single Family
- Source: 2217
- MLS ID: 260022
- Updated: Today (3/4/2026)
- Added to Site: Today
Interior
- Interior Features: Wet Bar, Furnished
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): One, Wood Burning
- Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Main Level
Exterior
- Exterior Features: Fire Pit, Gravel Driveway
- Porch/Patio/Deck: Covered, Multiple, Open
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Parking Features: Attached, Driveway, Garage, One Car Garage, Gravel, Private
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: River Run
School Information
- Elementary School: Banner Elk
- Middle School: Avery
- 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, Ductless
- Heating Type: Ductless, Forced Air, Fireplace(s), Propane
Utilities
- Sewer: Septic Permit 5 or More Bedroom
- Water: Private
- Cable Available: Yes
- Utility Description: Cable Available, High Speed Internet Available
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Hardboard, Wood Siding, Wood Frame
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt, Shingle
- Windows: Double Pane Windows
- Stories/Levels: 2
- Square Feet: 3,470
- Living Area: 3,470 Sq. Ft.
- Finished Total: 3,470 Sq. Ft.
- Finished Above Grnd: 3,470 Sq. Ft.
- Year Built: 2000
Lot Features
- Property View: Long Range, Mountain(s), Trees/Woods
- Lot Size (Acres): 2.7
- Lot Size: 2.7
- Frontage: Private Road, Gravel
Water Features
- Water Front Desc.: River Access
Financial Considerations
- Association Fee: $850
- Assoc Fee Freq.: Annually
- Tax Amount: $1,726.4
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1839-00-75-2349-00000
Listed by EXP Realty LLC
Get Pre-Approved Today
Schools
Schools serving 731 River Run
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 4.1 mi |
Cranberry Middle School 6230 North US Highway 19E, Elk Park, NC 28622 | 6-8 | 3 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 731 River Run
Date
Details
Price
Change
Source
3/04/2026
Listed
$1,595,000
281.12%
MLS
8/10/2020
Sold
$418,500
—
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 731 River Run
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,726
-10%
$431,600
-10%
2024
$1,921
—
$480,300
—
2023
$1,921
—
$480,300
—
2022
$1,921
17%
$480,300
40%
2021
$1,642
—
$343,900
15%
2021
$1,642
—
$298,600
—
2019
$1,642
—
$298,600
—
2018
$1,642
-4%
$298,600
-4%
2017
$1,703
23%
$309,600
—
2016
$1,385
—
$309,600
—
2015
$1,385
-14%
$309,600
—
2014
$1,613
3%
$309,600
-20%
2013
$1,566
—
$386,600
—
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 731 River Run
731 River Run, Banner Elk, NC 28604 (MLS# 260022) is a Single Family property with 5 bedrooms and 5 full bathrooms. 731 River Run is currently listed for $1,595,000 and was received on March 04, 2026. Want to learn more about 731 River Run? 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.

