REDUCED! 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 BATHS 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 3,500 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.
This is a mountain house that was built with entertaining in mind. This home has 4 bedrooms and 4 bathrooms and was built in 2000 and sits on 2.70 acres. The large open floor plan has wood covered, vaulted ceilings and floor to ceiling windows that frame the beautiful mountain views. There is a wood-burning stone fireplace and ample space for all to gather. This is a great space to entertain whether around the dining room, kitchen or step out and enjoy the views from the large open deck. Off of the great room is a bedroom and full bath as well as a large pantry. The lower level is easy to access with only a couple of steps from the parking area to the foyer. There are 4 bedroom's, each with its own en suite and spacious closets. Laundry room with a gas dryer and plenty of storage. Gated community. Members have access to the Elk River, which is a fly fisherman's dream with brook and rainbow trout. There are grills and picnic tables along the river as well. Home is easy to maintain with hardy board siding and vinyl wrapped windows. Move in ready, furnished with a few exceptions. Septic permit is a 3 bedroom but home functions as a 4 bedroom.
HCMLS #208153
Oct 15, 2018
Sold
$359,000
$100/sq ft
Jun 7, 2018
Listed
$369,000
$103/sq ft
+19
This mountain retreat was built with multiple families in mind and entertaining a priority. The 4 bedroom 4 bath home was built in 2000 and sits on 2.70 gentle acres. The large open floor plan boasts vaulted ceilings and floor to ceiling windows that frame the gorgeous long range mountain views. There is a beautiful wood-burning stone fireplace and plenty of room for all to gather. This is a great space to entertain whether around the dining room, kitchen or step out and enjoy the views from the large open deck. Off of the great room is a bedroom and full bath as well as a large pantry. The lower level is easy to access with only a couple of steps from the parking area to the foyer. There are 4 bedroom's, each with its own en suite and spacious closets. Laundry room with a gas dryer and plenty of storage. Private gated community. Members have access to the Elk River, which is a fly fisherman's dream with brook and rainbow trout. There are grills and picnic tables along the river as well. Home is easy to maintain with hardy board siding and vinyl wrapped windows. Move in ready, furnished with a few exceptions. Septic permit is a 3 bedroom but home functions as a 4 bedroom.
Year
Property tax
Land + Additions
Assessment*
2025
$1,726 (−10.1%)
$64,300 + $367,300
$431,600
2024
$1,921
$64,300 + $416,000
$480,300
2023
$1,921
$64,300 + $416,000
$480,300
2022
$1,921 (+17.0%)
$64,300 + $416,000
$480,300
2021
$1,642
$56,700 + $241,900
$298,600
2020
$1,642
$56,700 + $241,900
$298,600
2019
$1,642
$56,700 + $241,900
$298,600
2018
$1,642 (−3.6%)
$56,700 + $241,900
$298,600
2017
$1,703 (+23.0%)
$56,700 + $252,900
$309,600
2016
$1,384 (−14.2%)
$56,700 + $252,900
$309,600
2014
$1,613
$56,700 + $252,900
$309,600
Public record
Beds
5
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
2.7 Acres
Year renovated
2005
Finished Sq. Ft.
3,468
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,468
Year built
2000
Style
Single Family Residential
County
Avery County
APN
18390075234900000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
1/10 Heat Factor
8 days above 86° expected this year, 23 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Banner Elk, NC • 28604
Average low and high temperatures (°F)
32
17
42
25
53
35
61
44
63
47
71
56
74
61
66
56
65
52
58
42
49
35
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
59/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.2 hrs
1.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 731 River Run Rd
$1,176,702
$23K under list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $895K to $2.1M.