270 Osprey Drive, Banner Elk, NC

About the home

Welcome to Iron Horse Lodge, a newly constructed custom estate offering 8,817 square feet of heated living area within The Lodges at Eagles Nest, just minutes from downtown Banner Elk, Great Camp Amphitheater, and Epic Chophouse. Designed as a primary residence with an uncompromising approach to quality, the home showcases refined mountain-modern architecture with natural stone, horizontal wood siding, architectural shingles, standing seam metal accents, timber columns, and Edge Vesta steel siding in select hard-to-reach areas for added durability. A custom-engineered steel beam foundation allows for a cantilevered design over the mountainside, maximizing structural integrity and long-range Blue Ridge Mountain views. An easily accessible driveway provides ample guest parking, complemented by an oversized two-car garage and an additional single-car garage. A thoughtfully designed mudroom with built-in laundry, drop zone, and custom dog wash adds everyday function. Inside, oversized glass barn-style doors open to a welcoming foyer and wine/cocktail lounge. A dedicated office with custom architectural doors leads into an expansive living and dining area, where fully retractable glass doors connect to a sprawling deck with sunset views. The chef’s kitchen features Thermador Professional Series appliances, dual dishwashers, a wet bar/coffee station with sink and refrigerated drawers, and a well-appointed butler’s pantry with built-in desk, storage, and prep space. The main-level primary suite offers a fireplace, coffee bar, beverage fridge, sink, expansive mountain views, and direct deck access to a Bullfrog 6+ person hot tub. The spa-like bath includes a soaking tub, dual-head shower, double vanities, and a walk-in closet with its own washer and dryer. Upstairs, a second en suite bedroom is joined by an additional bedroom with nursery, hidden door access, and spacious walk-in closet. A large shared bath offers a soaking tub and dual-head shower, while a covered deck captures elevated views. The lower level expands the home’s lifestyle offerings with a spacious family room, bunkroom suite with full bath, gym, half bath, wellness room with cold plunge and infrared sauna, theater room, and additional heated flex space. A partially covered deck extends the living area outdoors for quiet mornings, cool summer afternoons, and year-round mountain enjoyment. Offered fully furnished with select exclusions, Iron Horse Lodge presents a rare opportunity to own a move-in ready, professionally designed mountain retreat without the wait. Interior design by Lucy and Company delivers a bold, curated aesthetic recognized for its presence in luxury publications.

Price in context

• Asking $896 per square foot.
• That is 14% above the $785 median across 11 active $1.5M+ homes in Banner Elk.
• 3rd highest asking price of 11 active $1.5M+ homes in Banner Elk.
• Largest by living area of the 10 with a recorded size.
• Reduced $600,000 (7.1%) from the original $8,499,000 asking price.
• 84 days on the market, listed 2026-05-15.
• County tax assessment $2,503,600; the asking price is 3.16× the assessed value.
• HOA dues $1,515 (quarterly).

Location

Neighborhood: The Lodges At Eagles Nest, Avery County, ZIP 28604.

Assigned schools

• Elementary: Freedom Trail
• Middle: Avery County
• High: Avery County

School assignments come from the listing and can change; confirm with the district.

Features

Style

Contemporary

Levels

Two

Construction

Stone, Wood, Other - See Remarks

Roof

Architectural Shingle, Metal

Bathrooms

4 full, 2 half

Basement

Partially Finished, Storage Space

Fireplace

Yes

Flooring

Tile, Wood

Kitchen & appliances

Bar Fridge, Convection Oven, Dishwasher, Disposal, Double Oven, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Freezer, ENERGY STAR Qualified Refrigerator, Exhaust Hood, Filtration System, Gas Range, Ice Maker, Microwave, Propane Water Heater, Self Cleaning Oven, Washer, Washer/Dryer, Wine Refrigerator

Heating

Electric, Forced Air, Heat Pump, Propane

Cooling

Heat Pump

Garage

3 spaces

Parking

Driveway, Attached Garage, Garage Faces Front, Garage Faces Side, Keypad Entry

View

Long Range, Mountain(s), Year Round

Community

Dog Park, Fitness Center, Game Court, Gated, Helipad, Pickleball, Picnic Area, Playground, Pond, Recreation Area, Sport Court, Tennis Court(s), Walking Trails

County

Avery

Comparable homes on the market

• 2910 Eagles Nest Trail, Banner Elk — $9,000,000, 8 bd, 6,209 sq ft, also in The Lodges At Eagles Nest
• 294 Silver Eagle Trail, Banner Elk — $5,650,000, 5 bd, 7,055 sq ft, also in The Lodges At Eagles Nest
• 404 Silver Eagle Trail, Banner Elk — $3,650,000, 5 bd, 4,959 sq ft, also in The Lodges At Eagles Nest
• 92 White Eagle Trail, Banner Elk — $1,575,000, 2 bd, 2,030 sq ft, 0.4 mi away
• 6 Valley Watch Court, Banner Elk — $4,250,000, 6 bd, 6,634 sq ft, 1.2 mi away
• 1030 High Valley Overlook, Banner Elk — $2,290,000, 6 bd, 2,886 sq ft, 2.5 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 980-391-4595. Request a private showing.