Thomas Rouse Sells Elk River Club Mansion In Banner Elk For $15.85M With Sotheby's Brokers

A single-family mansion located at 120 Summit Park Drive in Banner Elk, MD, has been sold for a total of $15,850,000. The property spans 13,446 square feet, with a price per square foot calculated at $1,179. This sale marks a record in North Carolina's residential market, as the Elk River Club mansion was listed at $14 million and sold fully furnished, surpassing the asking price by nearly $2 million in just 12 days.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,850,000
• Address: 120 Summit Park Drive
• Market: Banner Elk, MD
• Sale Price Per Square Foot: $1,179
• Square Footage: 13,446
• Seller: Thomas Rouse
• Brokers: Marilyn Wright & Rob Garrett - Sotheby's International Realty

In this transaction, Thomas Rouse acted as the seller, while the deal was facilitated by brokers Marilyn Wright and Rob Garrett from Sotheby's International Realty. Their involvement contributed to the successful sale, which set a new benchmark for residential property transactions in North Carolina.