132 Heather Lane, Banner Elk, NC 28604
- $630,000
- 5
- BD
- 4
- BA
- 2,337
- SqFt
- List Price
- $630,000
- Days on Market
- 31
- Price Change
- ▼ $10,000 1775335727
- Status
- ACTIVE UNDER CONTRACT
- Type
- Single Family Residential
- MLS#
- 260222
- County
- Avery
- City
- Banner Elk
- Bedrooms
- 5
- Bathrooms
- 4
- Half-baths
- 1
- Total Living Area
- 2,337
- Acres
- 0.95
- Subdivision
- The Highlands
- Year Built
- 2006
Property Description
Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.
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Additional Information
- Exterior Amenities
- Hot Tub/Spa, Gravel Driveway
- Interior Amenities
- Carbon Monoxide Detector, Furnished
- Appliances
- Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer
- Basement
- Full, Finished, Walk-Out Access
- Fireplace
- None
- Garage
- Driveway, Gravel, No Garage, Private
- Heating
- Forced Air, Propane
- Road
- Paved
- Roof
- Asphalt, Shingle
- Elementary School
- Banner Elk
- High School
- Avery County
- Sewer
- Public Sewer
- Style
- Cape Cod, Modular/Prefab
- View
- Seasonal View, Trees/Woods
- Water Source
- Public
- Zoning
- R1
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This Listing is courtesy of Mike Pocisk with EXP Realty LLC. (864) 567-9009
The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”