120 Summit Park Dr, Banner Elk, NC, 28604

$14,000,000

5 Bedrooms
6 Full Baths, 2 Partial
13,446 SqFt
$1,041/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Attached Garage, Garage Faces Side
Attached GarageYes
Year Built2008
HeatingHeat Pump, Humidity Control, Propane, Radiant Floor
CoolingCentral Air, Heat Pump, Humidity Control
BasementYes
FireplaceDen, Gas Log, Great Room, Kitchen, Porch, Primary Bedroom, Propane
ViewOther, Mountain(s)
MLS #4178430
StatusAccepting Backup Offers
(Active Under Contract)

About 120 Summit Park Dr

Discover the pinnacle of mountain living! This magnificent crafted marvel on 7.64 private, landscaped acres within the gates of Elk River. Designed with architectural brilliance and unparalleled craftsmanship. The expansive great room showcases stunning wood and stone elements, soaring ceilings, and a complete bar for entertaining overlooking the dining area with detailed fireplace.The gourmet kitchen features top-tier appliances, custom cabinetry, and opens to a generous screened porch perfect for outdoor living. Retreat to the primary suite with its spa-like bath, including a waterfall shower and soaking tub with views. The home offers two offices, a library, a theater, personal gym and two elevators for ultimate convenience. The custom wine cellar with leaded glass is a wine lover's dream. The beautifully landscaped grounds create a serene, private retreat. This estate is a perfect blend of elegance and comfort, offering a truly lavish lifestyle.Not one inch was overlooked!

Property Details

Property Features

Property Information:

  • Architectural Style: European, Old World
  • Year Built: 2008
  • Living Area: 13,446 SqFt

Listing Office:

  • Office Name: Premier Sotheby’s International Realty
  • Office Phone: (828) 279-3980

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Plumbed For Ice Maker, Water Heater, Refrigerator, Trash Compactor, Warming Drawer, Washer, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Stone, Tile, Wood
  • Interior: Attic Stairs Fixed, Built-in Features, Elevator, Entrance Foyer, Kitchen Island, Open Floorplan, Split Bedroom, Storage, Walk-In Closet(s), Wet Bar
  • Fireplace: Den, Gas Log, Great Room, Kitchen, Porch, Primary Bedroom, Propane

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Other, Mountain(s)

Parking Information:

  • Attached Garage: Yes
  • Parking: Circular Driveway, Attached Garage, Garage Faces Side

Virtual/3D Tour

  • Virtual Tour: 120 Summit Park Dr
Virtual Tour

Utilities

Utilities Information:

  • Heating: Heat Pump, Humidity Control, Propane, Radiant Floor
  • Cooling: Central Air, Heat Pump, Humidity Control

Other

Directions Information:

  • Directions: From Banner Elk: Turn left onto Main St E. In 1.2 miles turn left and take a slight right turn onto Elk River Parkway. Continue through gate, in 0.5 miles turn left onto Elk River Parkway. Continue onto Summit Ledges Lane, then keep heading up the mountain to the top. 120 Summit Park will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $14,000,000
  • Price Per SqFt: $1,041/SqFt
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Housing Market Comparison

See how this home compares to others in Banner Elk, NC.

Med. Sold Price

$315K

Med. Price/SqFt

$300

Avg. Days On Market

53

# of Sold Homes

1

120 Summit Park Dr vs Banner Elk

69 DAYS ON ROCKET

+16 Days

$14,000,000

+$13.6M More

$1,041/SqFt

+$740 More

KEY TAKEAWAY

This property is $13.6M more than the Median Sold Price and $740/SqFt more than other homes in Banner Elk, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4178430

Listing Office:

  • Office Name: Premier Sotheby’s International Realty
  • Office Phone: (828) 279-3980

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Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$69.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$42K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-336361
9
/10
  • Banner Elk Elementary School

  • 155 Orchard Ln

  • 2.90 miles

  • Public District Grades PK-5

school-card-donut-336362
8
/10
  • Freedom Trail Elementary School

  • 6110 N US Highway 19E

  • 3.07 miles

  • Public District Grades PK-5

school-card-donut-336363
5
/10
  • Newland Elementary School

  • 750 Linville St

  • 4.17 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,052. The majority of Banner Elk, NC residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 120 Summit Park Dr

What is the listing price of this property?

The listing price of 120 Summit Park Dr property is $14,000,000.

What type of property is this?

The property 120 Summit Park Dr is a house located in Banner Elk, North Carolina, 28604.

Is this property for sale now?

Accepting Backup Offers: 120 Summit Park Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 120 Summit Park Dr has 5 bedrooms and 6 full and 2 half bathrooms.

What is the square footage of this property?

The property 120 Summit Park Dr is 13,446 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 120 Summit Park Dr is 2008.
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Rocket HomesNorth CarolinaAvery CountyBanner Elk28604120 Summit Park Dr

This home is located at 120 Summit Park Dr in Banner Elk, NC and zip code 28604. This 13,446 square foot home was built in 2008. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $14,000,000.

In October 2024, from all listings sold in Banner Elk, NC there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. In October 2024 in Banner Elk, NC there were 14% more homes for sale than in September 2024. Listings spent 53 days on the market in October 2024, and had a median list price of $315,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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