Listing office: Western Piedmont Real Estate, LLC
$2,950,000 List price
706 Silver Springs Dr Banner Elk, NC 28604
5 beds
4 full, 2 partial
3,979 sqft
$741 / sqft
House
Property details
About 706 Silver Springs Dr
Welcome to one of Banner Elk’s most distinctive residences-modern elegance meets urban-industrial sophistication. Conceived & curated by Academy Award–winning producers, this bespoke home showcases perfect harmony between natural mountain warmth & cutting-edge design. From hand-selected local timber beams to artisan-crafted furniture, fixtures & lighting sourced from top makers across the country, every detail chosen with intention & aesthetic precision. Privately nestled at the end of a 300-ft driveway in a beautiful gated enclave, the home offers rare, uninterrupted panoramic views of the High Country completely unspoiled by neighboring rooftops-yet only 3 minutes from downtown Banner Elk & less than 10 minutes to the ski lifts. Designed as a sanctuary for both people & pets, property features nearly an acre of beautifully landscaped grounds wrapped in a discreet privacy fence—creating the ultimate off-leash haven for your dogs to roam freely. Luxury meets function in every room.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size3,979 sqft
BasementYes
Year built2020
ParkingDriveway, Attached Garage
MLS #4275009
Attached garageYes
ViewMountain(s)
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 4
- Appliances: Dishwasher, Dryer, Microwave, Self Cleaning Oven, Washer
- Basement: Yes
- Total Bedroom Count: 5
- Attached Garage: Yes
- Parking: Driveway, Attached Garage
- View: Mountain(s)
- Exterior: Other - See Remarks
- Architectural Style: Rustic
- Heating: Central
- Cooling: Central Air
- List Price: $2,950,000
- Price/SqFt: $741
- HOA Amount: $3000 Annually
- Annual Tax Amount: $5,257
- Tax Year: 2023
- Directions: Coming into Banner Elk to traffic light, turn left and travel approximate one mile and turn right onto Silver Springs Drive. At four way stop sign stay straight into Silver Springs Farm Estates. Drive to gate, once through take the first right onto Silver Springs Drive West. Home is at the end.
- Year Built: 2020
- Living Area: 3,979 SqFt
- MLS Number: 4275009
- Office Name: Blue Ridge Realty & Investments
- Office Email: lholmes@brri.net
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 15, 2021 | Home Sold | $1,306,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,314,400 | $5,257 |
| 2021 | $704,400 | $151 |
| 2020 | $27,500 | $151 |
History based on county public records data.
Nearby schools
10
Banner Elk Elementary School
Public District PK-5
2.0 mi
•155 Orchard Ln
7
Freedom Trail Elementary School
Public District PK-5
4.5 mi
•6110 N US Highway 19E
5
Newland Elementary School
Public District PK-5
6.1 mi
•750 Linville St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,282. Typical income of Banner Elk, NC residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
39%
<35k
47%
35k-100k
7%
100k-200k
7%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
37%
Single, No Kids
6%
Single, with Kids
35%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
6%
12-17 yrs old
42%
18-34 yrs old
32%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Wal-Mart
Dollar General
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
GMC
Chevrolet
What do the neighbors listen to?
Classic Country
New Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 706 Silver Springs Dr
The listing price of 706 Silver Springs Dr property is $2,950,000.
The property 706 Silver Springs Dr is a house located in Banner Elk, North Carolina, 28604.
Active Listing: 706 Silver Springs Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 706 Silver Springs Dr are: Banner Elk Elementary School (GreatSchools Rating 10/10), Freedom Trail Elementary School (GreatSchools Rating 7/10), Newland Elementary School (GreatSchools Rating 5/10), Cranberry Middle School (GreatSchools Rating 8/10), Valle Crucis School (GreatSchools Rating 8/10), Avery Middle School (GreatSchools Rating 3/10), Avery County High School (GreatSchools Rating 4/10), Cloudland High School (GreatSchools Rating 5/10), Watauga High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $5,257 (source: MLS/based on county public records data).
The last sale was on November 15, 2021 for $1,306,000 (source: MLS/tax record).
The property at 706 Silver Springs Dr has 5 bedrooms and 4 full and 2 half bathrooms.
The property 706 Silver Springs Dr is 3,979 SqFt (source: MLS/tax record).
The year of construction for 706 Silver Springs Dr is 2020.
This home is located at 706 Silver Springs Dr in Banner Elk, NC and zip code 28604. This 3,979 square foot home was built in 2020. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $2,950,000.
Banner Elk, NC housing market in June 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. The number of listings in Banner Elk, NC increased by 19.6% between May and June 2025. In June 2025 median list price was $442,950 and the average listing age was 139 days.
From Rocket Homes Real Estate and based on county public records data.