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35 Crestview Lane, Banner Elk, NC, 28604

4beds
5baths
4,801sqft
$2,975,000
$620price/sqft
$17,268/moest. monthly cost
$690,720/yrincome needed

About This Home

Where mountain elegance meets modern innovation, this exceptional Elk River Club residence offers refined living in one of the community's most sought-after locations. A 3 minute golf cart ride down to the clubhouse is perfectly positioned up past the tennis courts on Elk Knob Drive making dinner, golf, fitness, and social events easily accessible. A flat grassy lot next door and flat cul-de-sac yield a favorable space to walk your dog. Thoughtfully designed for both everyday living and gracious entertaining, the home features four spacious bedroom suites, each with an en-suite bathroom at hand. The main-level primary suite serves as a peaceful retreat with his and hers closets, direct access to the refinished deck, inviting you to enjoy cool mountain mornings and tranquil evenings surrounded by nature. The welcoming great room showcases soaring vaulted tongue-and-groove ceilings, a dramatic wall of windows, and refinished maple hardwood floors that fill the home with warmth and natural light while framing beautiful mountain views. The newly renovated chef's kitchen blends timeless design with exceptional functionality, highlighted by a stunning natural marble island with seating, a Viking Series 7 gas range, Sub-Zero refrigerator and freezer, wine cooler, and premium finishes throughout. The home is tech-updated with 7 flat screen tv's, central climate controlled unit with built in dehumidifier, and hot water recirculation unit for immediate hot water. Step outside to expansive Ipe Brazilian hardwood decking where northern mountain views create the perfect backdrop for entertaining or quiet relaxation. An outdoor grill makes alfresco dining effortless while enjoying the refreshing High Country climate. The beautifully proportioned lower level is designed with comfort and entertaining in mind, it features a full-size wet bar with seating, an inviting sitting room, leather game table, handsome stone fireplace, and separate office. Ownership at Elk River Club extends an unparalleled club lifestyle centered around the championship Jack Nicklaus Signature golf course, where pristine fairways are framed by the Blue Ridge Mountains. Members also enjoy a state-of-the-art 30-stall equestrian center, tennis and pickleball courts, a fully equipped fitness center, and some of the High Country's finest trout fishing. Whether your perfect day begins with an early tee time, a scenic horseback ride, an afternoon on the courts, or a quiet evening with friends at the clubhouse, this remarkable property offers an exceptional opportunity to experience mountain luxury at its finest.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

8/10
5/10
Cranberry Middle SchoolGrades 6-83.4 mi
3/10
Avery County High SchoolGrades 9-126.1 mi

Construction

Condition

  • Year built: 2005

Materials

  • Roof: Shake,Wood
  • Construction materials: Stone,Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Oven,Dryer,Dishwasher,Exhaust Fan,Freezer,Gas Cooktop,Disposal,Gas Water Heater,Microwave,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Wet Bar,Furnished,Vaulted Ceiling(s),Window Treatments
  • Window features: Window Treatments
  • Number of fireplaces: 2
  • Fireplace features: Two,Gas,Stone,Vented,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,927
  • Finished area above ground: 2,874

Heating & Cooling

  • Heating features: Forced Air,Propane
  • Cooling features: Electric,2 Units

Interior Area

  • Total structure area: 4,801
  • Total interior livable area: 4,801 sqft

Property

Details

  • Parcel number: 18480128629900000

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Fence
  • Fencing: Partial

Lot

  • Lot size: 1.09 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached,Driveway,Garage,Two Car Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Inland Flooding
Ice Storm
Landslide
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Avery County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,043$180,516
Home Insurance *$798$9,576
Property Taxes $980$11,760
Electricity $447$5,365
Total$17,268$207,216
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$592,045/yr
40% on housing$518,040/yr
45% on housing$460,480/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$620This listing

vs Other Active Listings

Avg $/sqft

ZIP 28604$290
Avery County$283

vs Homes Sold Last Month

Median $/sqft

ZIP 28604$365
Avery County$290

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-10Listed for sale$2,975,000
2025-02-04Sold$50,000
2024-11-07Sold$1,950,000
2024-09-19Pending sale$2,175,000
2024-06-18Price change$2,175,000
2023-10-24Listed for sale$2,275,000

For Sale by Agent

AgentJeff Vermillion
BrokerageEngel & Volkers Banner Elk

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