Elk Run Real Estate

Welcome to Elk Run, a picturesque subdivision nestled in the heart of Banner Elk, North Carolina. This charming community, located in Watauga County, offers a perfect blend of serene mountain living and modern conveniences, making it an ideal destination for families, retirees, and outdoor enthusiasts alike.

Elk Run is characterized by its stunning natural beauty, with breathtaking views of the surrounding Appalachian Mountains. The subdivision is thoughtfully designed to integrate seamlessly with the lush landscape, featuring spacious lots that provide ample privacy while still fostering a sense of community. Residents enjoy well-maintained roads and access to a variety of amenities that enhance the living experience, including nearby parks, hiking trails, and recreational areas.

One of the standout features of Elk Run is its proximity to the vibrant town of Banner Elk. Known for its charming downtown area, residents can explore a delightful array of shops, restaurants, and local art galleries. Banner Elk is also home to exciting seasonal events, from summer festivals to winter sports, ensuring there’s always something happening in this lively mountain town.

For those who appreciate the outdoors, Elk Run is a gateway to countless adventures. With nearby skiing, mountain biking, and hiking opportunities, residents can immerse themselves in nature year-round. Whether you’re looking for a peaceful retreat or an active lifestyle, Elk Run offers the perfect balance of tranquility and excitement.

Discover your dream home in Elk Run, where mountain living meets community spirit in the stunning backdrop of North Carolina's Blue Ridge Mountains. Experience the beauty, warmth, and charm of this exceptional subdivision today!

Newest Listings in Elk Run

$679,900

2 Beds ⋅ 3 Baths ⋅ 262680 MLS

Discover mountain living at its finest in this 2-bedroom, 2.5-bath cottage located in the private, gated community of Elk Run in Banner Elk, NC. Designed with comfort and style in mind, and built by Wheels Contracting, the home features a vaulted tongue-and-groove ceiling over the open living area, a custom high-end kitchen, and two spacious king master suites! The home is being sold fully furnished and ready for you to enjoy! Outdoor living is the focus here, with an extended deck showcasing beautiful mountain views, a relaxing hot tub, a firepit area, and a dedicated grill space! Elk Run offers peace and privacy with just 30 homesites, a low HOA fee of $800/year, and easy year-round access thanks to its gently sloped roads—no steep climbs, even in winter. Perfectly situated, you’re less than 5 minutes to Banner Elk Winery and just 10 minutes to downtown’s dining, shopping, and entertainment! The home is a rental with Blue Ridge Mountain Rentals and has done extremely well since beginning to rent! Whether looking for a vacation rental, investment, primary, or second home, this home has it all!

208 Banner Glade Trail, Banner Elk

$289,000

260567 MLS

By far the best lot in Banner Elk's Elk Run gated subdivision! Sitting at the highest point in the community, the mountain views are breathtaking in the back and front of the .92 acre lot. The lot is essentially a knoll, so completely flat which will save a bundle when you go to build. Gentle access onto the lot. A 10 minute drive through the gorgeous countryside into charming Banner Elk. Short term rentals are allowed. Underground utilities. Low HOA dues and only County property taxes apply to this property. Building site elevation is 4,200 feet, so you will love the cool temperatures! Elk Run has hiking trails leading to creeks, streams and waterfalls. Use your own builder and no deadline to get started. Close to skiing, hiking, Banner Elk, the Blue Ridge Parkway, Grandfather Mountain, restaurants, shopping, Valle Crucis, Boone, Blowing Rock and much more! Five homes have been built or are nearing completion in the small 30 lot community. Well and septic needed. See listing documents for additional information, including a subdivision plat. Sign.

Lot 15 Banner Glade Trail, Banner Elk

$240,000

258559 MLS

Welcome to Lot 18 in Elk Run! Nestled within a peaceful and picturesque gated community in Banner Elk, NC, this lot offers the perfect balance of privacy, charm, and convenience. This 1.31-acre lot is backed by over 7 acres of conservation greenspace, meaning there will be nothing built behind it, preserving the long-range views being offered! With POA fees at just $800/year and a minimum build size of only 895 sq. ft., you’ll have the freedom to design the mountain getaway you’ve always envisioned! The neighborhood is perfectly located near Banner Elk’s restaurants, shopping, ski resorts, and year-round festivals. Short-term rentals are permitted, offering the opportunity for additional income from a second home. The lot features a gentle slope and great long-range views from almost every potential building site! Come experience the beauty and potential of Elk Run for yourself — see it to believe it!

Lot 18 Rock Haven Trail, Banner Elk

$119,900

258479 MLS

LOOK AT THIS Exceptional 2.11 acres, nearly ready to build lot, in Elk River subdivision! Providing Seasonal Mountain Views and access to a Trout Stream! Ideally located near the main gate, this amazing property has been thoughtfully prepared and is ready for your dream mountain retreat. The homesite features a partially cleared and gently sloping build area with road frontage offering easy access and excellent buildability. No lots available to build behind or in front of this rare property! As per the HOA policy, this lot is allowed to accommodate TWO cabins! Elk Run allows a minimum build size of only 895 square feet with no time limit to build. Only 8 minutes from downtown, (Wildcat Lake, Sorrentos). Nestled in one of Banner Elk's most desirable sections, you’ll enjoy convenient access to nearby restaurants, wineries, skiing, the best the High Country has to offer. Ski Beech and Sugar Mountain skiing are only a few minutes away! Ownership includes access to the community’s hiking trails and trout stream. Nearby, Grandfather Mountain State Park, Blue Ridge Parkway and many other wonderful things are available to explore and enjoy. Whether you envision a peaceful mountain getaway or a basecamp for outdoor adventure, this exceptional, nearly ready-to-build lot delivers it all. Such an Incredible Price for this Beautiful and Gentle Building Lot!

Lot 29 Lee Gualtney Road, Banner Elk

$215,000

258240 MLS

Welcome to lot 10 in Elk Run! A quaint & beautiful gated community in Banner Elk, NC. The POA fees are only $800/yr and the minimum sq footage is 895 with no time limit on building after purchase. New homes are going up and so will the value of your build when Elk Run turns into the best neighborhood close to Banner Elk's variety of restaurants, shopping, ski slopes, and multiple festivals throughout the year! STR are allowed and gives any owner the ability to make additional rental income on a second home.This lot has a gentle slope and layered LONG RANGE views from the back of your dream home. Come see it to believe it!

146 Banner Glade Trail, Banner Elk

$257,000

253599 MLS

Discover the perfect mountain retreat in Elk Run, one of Banner Elk’s newest communities! This prime lot offers long-range mountain views and an easy build site, making it an ideal location for your dream home. Conveniently located just minutes from downtown Banner Elk, you'll enjoy quick access to restaurants, shops, wineries, and top ski destinations like Sugar Mountain and Beech Mountain Resorts. Boone is also within easy reach, as this lot sits in Watauga County. With no deadlines to build and a minimum build requirement of just 875 sq. ft., this property offers flexibility and investment potential in a sought-after mountain setting. Whether you're looking to build a cozy getaway cabin, a full-time residence, or a vacation rental, this lot provides the perfect opportunity. Enjoy the peaceful surroundings, mild mountain climate, and the abundance of outdoor activities year-round, from skiing and hiking to fishing and golfing. This is your chance to own a slice of the High Country—don’t miss out!

TBD Lot 11 Banner Glade Trail, Banner Elk

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”