The 7.64-acre property in Banner Elk has mountain views | Photo: CAYTON PRODUCTIONS

Nov. 26. A 7.6 acre estate in Banner Elk has sold for a statewide record $15.85 million after 12 days on the market. Marilyn Wright and Rob Garrett of Premier Sotheby’s International Realty represented the sellers; Chad Vincent and Melissa Boone of Berkshire Hathaway Home Services/Vincent Properties brought the buyer.

The five-bedroom castle-like home has more than $1 million in art, furnishings, and décor as well as accommodations for large-scale entertaining. The sale was recorded at $14.85 million.

Background

The sellers were Sandra and Thomas Rouse, co-founder of the Texas medical-device company Berkshire Biomedical.

Located about 80 miles northeast of Asheville, the estate was designed to accommodate work and leisure, with two private offices, a library, a fully equipped gym, and a state-of-the-art theater. There are two elevators, a gourmet kitchen and a wine cellar as well.

Details

Photo: Ryan Theede

—120 Summit Park Drive in Banner Elk
—Listed 9/13/24 for $14 million
—Under contract on 9/25/2024
—5 bedrooms 8 bathrooms on 7.64 acres
—Built in 2008/2009
—Full contract price was $15,850,000
—Turnkey with antiques, art, furniture, accessories

The North Carolina mountains remain a hot spot for ultra-luxury homes despite Hurricane Helene.

Quotable

“The contract came just before the storm and as you know we have been taken to our knees in the mountain regions. Our mountain people are resilient and have worked tirelessly to get a little [bit] of life back, but we are very fortunate that the buyers wanted to continue the contract,” said Elise Raymer of Premier Sotheby’s.