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$259,000
260402 MLS
Homesite C-89 is a 1.51-acre mountain homesite located on the front side of The Lodges at Eagles Nest, offering elevations reaching approximately 3,800 feet and a picturesque setting immersed in surrounding mountain ridgeline views in nearly every direction. The property features a gently sloping building site with substantial usable space, creating meaningful development value by supporting a more efficient and cost-effective path to future construction compared with many steep mountain properties. The topography allows flexibility for a wide range of custom mountain home designs while maintaining a strong visual connection to the surrounding natural landscape. A prominent natural boulder outcropping creates a dramatic focal point for future architectural integration, outdoor living design, or landscape planning, while mature trees and layered mountain surroundings enhance the property’s overall mountain character and sense of immersion within the Blue Ridge environment. Positioned for convenient access, the homesite is just a short drive from the front gate and several of Eagles Nest’s premier amenity destinations, including Epic Chophouse, The Great Camp recreation area, and the on-site Dollar General for everyday conveniences. The Lodges at Eagles Nest encompasses more than 3,000 acres of high-elevation terrain with elevations exceeding 5,200 feet and is recognized for its balance of preserved mountain landscape and thoughtfully developed lifestyle amenities. The community features panoramic mountain views, waterfalls, dramatic rock formations, flowing streams, extensive trail systems for hiking, mountain biking, and ATV riding, access to the Elk River, and a wide range of gathering and recreation destinations including Eagles Nest Winery, Camp Eagles Nest, Eagles Nest River Club, The North Pavilion, and Epic Chophouse restaurant. As buyers continue to prioritize usable topography, natural mountain character, and convenient access to core amenities within Eagles Nest, homesites offering this combination of buildability, setting, and location are becoming increasingly difficult to find, making C-89 a compelling opportunity for future custom mountain construction within one of the High Country’s most established luxury mountain communities.

C-89 Smoke Rise Drive, Banner Elk

$1,549,000
4 Beds 4 Baths 260626 MLS
Located within the prestigious Elk River Club, 229 Cardinal Court offers refined mountain living paired with exceptional club amenities and numerous upgrades throughout the home. Locally milled hardwood floors and new carpet run through the main living areas, creating a warm and inviting atmosphere designed for both everyday living and entertaining. The kitchen has been thoughtfully updated with custom cabinets, quartz countertops, a 16-function double oven, 5-burner downdraft gas stove, oversized pantry, and wet bar, offering both function and style. Just off the kitchen you’ll find a spacious laundry room and convenient access to the attached one-car garage with additional room for a golf cart. Designed for elevated mountain living, the expansive outdoor living space features low-maintenance Trex decking and a beautifully appointed screened porch with a built-in gas grill and gas fireplace creating an inviting setting for year round entertaining and relaxation. The primary suite offers a private retreat with an adjoining office space, a two-sided walk-in closet, cedar storage closet, and an updated bathroom featuring a step-in tiled shower and Jacuzzi tub. Upstairs includes two additional bedrooms and an updated bathroom providing plenty of room for family and guests. The lower level provides endless flexibility with generous space for a game room, additional sleeping area, or home gym. Several major improvements have already been completed including a new roof (2022) (synthetic cedar shake with a 50 year transferable warranty to the new owner) gutters and windows (2023), two tankless hot water heaters, retaining wall, encapsulated crawl space, and updated furnace/heat pump. Ownership in Elk River Club offers access to one of the High Country’s most sought-after private communities featuring a Jack Nicklaus signature Golf Course, state of the art equestrian center, private airport, along with clubhouse dining, tennis, fitness center, swimming pool, and scenic walking trails along the Elk River all within a secure gated setting just minutes from Banner Elk.

229 Cardinal Court, Banner Elk

$95,000
260674 MLS
Discover an exceptional opportunity in the Rocky Knob community of Banner Elk. This 1.15-acre property offers a unique blend of tranquility and potential, featuring level, buildable mountain land in a quiet neighborhood. With potential entry points on two sides of the lot, access to the property is both convenient and versatile. This property is great for those looking to build a mountain retreat or a full-time residence, surrounded by natural beauty and offering potential for long-range views. An added opportunity, Lot 48 next door, is also available for purchase. Both lots can be purchased together at a slightly reduced price, creating a combined 2.26 acres and offering added privacy, flexibility, and expanded building potential. Both properties have access to the community shared well and previously approved (now expired) 4-bedroom septic permits, providing a strong starting point for future development. Located just minutes from Banner Elk’s amenities, this property offers the perfect blend of peaceful mountain living with convenient access to shopping, dining, and outdoor recreation. Embrace the possibilities and make this beautiful piece of land your own today!

Lot 49 Rocky Parkway, Banner Elk

$95,000
260671 MLS
Discover an exceptional opportunity in the Rocky Knob community of Banner Elk. This 1.11-acre property offers a unique blend of tranquility and potential, featuring level, buildable mountain land in a quiet neighborhood. With potential entry points on two sides of the lot, access to the property is both convenient and versatile. This property is a dream for those looking to build their ideal mountain retreat or full-time residence, surrounded by the natural beauty of the High Country and offering long-range views. An added bonus, Lot 49 next door is also available for purchase. Both lots can be purchased together at a slightly reduced price, creating a combined total of 2.26 acres and offering even more flexibility, privacy, and building potential. Both properties have access to the community shared well and previously approved (now expired) 4-bedroom septic permits, providing a strong starting point for future development. Located just minutes from Banner Elk’s amenities, this property provides the perfect balance of peaceful mountain living with easy access to shops, restaurants, and outdoor recreation. Embrace the possibilities and make this stunning piece of land your own today!

663 Rocky Parkway, Banner Elk

$315,000
260479 MLS
Homesite VR-5 is a 1.21-acre mountain homesite located in the Vineyard Reserve section of The Lodges at Eagles Nest, offering layered long-range sunset views and elevations reaching approximately 4,225 feet. The property features a gently sloping building site that supports a wide range of custom mountain home designs while providing meaningful development value through a more efficient and cost-effective path to construction. Positioned within a gated enclave with a limited number of surrounding homesites, Vineyard Reserve offers a quieter ownership environment within the broader Eagles Nest community. The homesite enjoys close proximity to Eagles Nest Winery and is just a short drive from both the North Pavilion and Camp Eagles Nest amenity areas, providing convenient access to multiple recreation and gathering destinations. The Lodges at Eagles Nest encompasses more than 3,000 acres of high-elevation terrain with elevations exceeding 5,200 feet and is recognized for its balance of preserved mountain landscape and thoughtfully developed lifestyle amenities. The community features panoramic mountain views, waterfalls, dramatic rock formations, flowing streams, extensive trail systems for hiking, mountain biking, and ATV riding, access to the Elk River, and a wide range of amenity destinations including The Great Camp, Camp Eagles Nest, Eagles Nest River Club, The North Pavilion, Eagles Nest Winery, and Epic Chophouse restaurant. As available homesites in established sections of Eagles Nest continue to become increasingly limited, buyers are placing greater emphasis on elevation, sunset orientation, buildability, and proximity to core amenities. With its combination of layered long-range views, efficient topography, and desirable location within Vineyard Reserve, Homesite VR-5 represents a compelling opportunity to create a custom mountain retreat within one of the High Country’s most established luxury mountain communities.

VR-5 Red Sky Parkway, Banner Elk

$289,000
260567 MLS
By far the best lot in Banner Elk's Elk Run gated subdivision! Sitting at the highest point in the community, the mountain views are breathtaking in the back and front of the .92 acre lot. The lot is essentially a knoll, so completely flat which will save a bundle when you go to build. Gentle access onto the lot. A 10 minute drive through the gorgeous countryside into charming Banner Elk. Short term rentals are allowed. Underground utilities. Low HOA dues and only County property taxes apply to this property. Building site elevation is 4,200 feet, so you will love the cool temperatures! Elk Run has hiking trails leading to creeks, streams and waterfalls. Use your own builder and no deadline to get started. Close to skiing, hiking, Banner Elk, the Blue Ridge Parkway, Grandfather Mountain, restaurants, shopping, Valle Crucis, Boone, Blowing Rock and much more! Five homes have been built or are nearing completion in the small 30 lot community. Well and septic needed. See listing documents for additional information, including a subdivision plat. Sign.

Lot 15 Banner Glade Trail, Banner Elk

$250,000
260536 MLS
This beautiful 2-acre homesite in The Lodges at Eagles Nest has been recently cleared and is ready for construction. A driveway is already cut in, and selective clearing has opened up mountain views, creating a scenic setting for your future mountain home. With a build-ready layout and improved accessibility, this property offers a great opportunity to begin your build without delay. The setting provides a nice balance of privacy while still being conveniently located near all of Eagles Nest’s amenities, including the North Pavilion, Camp Eagles Nest, and Eagles Nest Winery. The Lodges at Eagles Nest is known for its extensive amenities and outdoor lifestyle, featuring miles of ATV and hiking trails, multiple outdoor gathering spaces, fitness facilities, sports courts, and areas designed for recreation and relaxation. Just a short drive to Banner Elk and Beech Mountain, the location offers easy access to year-round activities including skiing, hiking, dining, and shopping. A great opportunity to own a ready-to-build homesite in one of the High Country’s most sought-after communities.

Lot 90 Eagles Nest Trail, Banner Elk

$5,650,000
5 Beds 7 Baths 260557 MLS
Celebrate Freedom with $100,000 in Savings - 4th of July Special! Located in the coveted Sunset Section of The Lodges at Eagles Nest, the Eagles Nest Glass House is an exceptional custom estate redefining mountain living through masterful design and craftsmanship. Developed over three years, this architectural showcase occupies 1.033 acres, where rugged natural beauty blends seamlessly with refined elegance. The residence offers 7,055 sq ft of heated living space, excluding the three-car garage. Perched at 4,400 feet elevation, it commands panoramic views spanning North Carolina to Tennessee mountains, framed by awe-inspiring sunsets. The exterior presents a stylish mountain retreat with white pine-stained wood siding, expansive windows, and rustic metal beams. Over $250,000 was invested in professional landscaping, featuring natural boulders, enhanced lighting, and intricate hardscaping that create an impressive arrival experience. Outdoor living shines with 860+ sq ft of decking, a large hot tub, hand-laid stone pillars, and custom steel beams designed to highlight the sweeping vistas. An inviting fire pit promises memorable evenings beneath the stars. Entry by a grand custom glass door reveals a great room with soaring two-story glass walls that flood the interior with natural light while framing the stunning surroundings. Nickel gap white pine-stained ceilings with rustic beams combine rustic warmth and modern elegance, accented by hand-laid rock, light-toned floors, and a custom rusted gas fireplace. The gourmet kitchen impresses with Onyx Waterfall Island countertops, stainless steel appliances, and a wine cooler. The lower level houses a large custom bar, wine cellar, and a flexible bonus room suited for theater, family gatherings, or games. Throughout are handmade floating handmade stairs, custom wood ceilings, stone accents, custom glass windows, and exterior stonework. There are five spacious bedrooms, each with meticulously finished bathrooms featuring hand-laid stone, marble, various tiles, and teakwood benches. Two additional half-baths are located on each floor. Two generous primary suites, one on the main level and one on the lower level, feature spa-inspired bathrooms and conveniently located adjacent utility rooms. Above the garage, featuring hand painted bronze epoxy floors, lies a distinctive bunk room with a full bath and an expansive rec room. Roughly half of this 275 sq ft area features ceiling heights between 5 and 7 feet. Residents enjoy an extensive amenity offering including ATV and hiking trails, ropes course, playground, dog park, mini-golf, disc golf, archery, versatile sports fields, and courts for volleyball, basketball, tennis, and pickleball. Enjoy world class trout fishing along the Elk River with over 2000 ft of river frontage. Dining options include Eagles Nest Winery, Epic Chophouse and The Sportsman’s Grille. Additional amenities include a 24-hour Dollar General, an outdoor amphitheater offering live entertainment on Saturday evenings from May through October, fitness center, and two helicopter pads. This estate transcends standard mountain homes by flawlessly combining luxury, nature, and architectural brilliance, inviting an elevated mountain lifestyle. Adjacent to this property, a 4,959 sq ft neighboring estate (MLS #258350) is also available, presenting a rare opportunity for main and guest house combination. 4 year home warranty provided

294 Silver Eagle Trail, Banner Elk

$185,000
1 Baths 260424 MLS
Great Location with Easy In and Out Year-Round access. Charming efficiency one level living condo with stairs to the front door. Completely remodeled in 2025. New Flooring Throughout. Bathroom reconfigured to accommodate a Stackable Washer & Dryer. Kitchen completely redone with New Appliances with exception of the original oven. Mini Split & Nest Thermostat installed. Perfect for Part-time or Full-time residence or would make a Great investment opportunity for short term or long-term rentals. *Note: Being sold furnished w/ exception of the Love Seat Sofa it will not convey with sale. Dehumidifier in crawlspace runs on this units electric and makes a big difference in the unit and it will go with the sale. Convenient location close to restaurants, shopping, skiing, hiking, mountain biking, Lees McRae College, Grandfather Mountain, and other area attractions.

24 Creekside Drive Unit C, Banner Elk

$199,900
1 Beds 1 Baths 260421 MLS
Turn-Key - Completely Renovated 1 Bedroom 1 Bath Condo! Great location just outside of Banner Elk and Close Proximity to Sugar Mtn Ski Resort. Renovations included since purchased: 2 New mini split units, flooring throughout, Paint throughout, New kitchen cabinetry, new appliances, compact washer/dryer all in one unit, Fireplace w/ Gas Logs, Redid entire bathroom, new doors, etc. Easy year-round access just off Hwy 184 close to the entrance to Ski Country Condo's. Close to Downtown Banner Elk, restaurants, shopping, skiing, hiking, mountain biking, and many other attractions in the area. Perfect for someone wanting to invest in something move in ready in the area. Great Investment Purchase, Student Rental or Tiny Starter Home! Must be able to do stairs. .

64 Creekside Drive Unit B, Banner Elk

$1,099,000
5 Beds 6 Baths 260020 MLS
Welcome to Mountainside Lodge, a fully furnished custom log retreat set on 5.73 private acres in the heart of historic Valle Crucis. Offering nearly 4,000 square feet, five bedrooms and seven sleeping areas, this expansive property is designed to host, gather and generate potential income, delivering exceptional value at $1,150,000. An additional 544 square feet of heated finished living space above the garage, used as a game room, is not included in the total square footage. Originally operated as a bed and breakfast and now a successful vacation rental, the home is thoughtfully configured with five private bedroom suites, each with an en-suite bath, allowing guests to enjoy comfort and privacy. Multiple indoor and outdoor gathering spaces make it easy to accommodate large groups, creating an ideal setting for family retreats, group vacations or potential income-producing stays. The main living area is anchored by a double-sided stone gas fireplace, complemented by a warm log interior that reflects classic mountain design with updated finishes. The oversized kitchen is built for connection and entertaining, featuring three ovens, a large central island and multiple refrigeration options, allowing for seamless hosting of large gatherings. A separate heated game room above the garage provides an additional private retreat, complete with a pool table, air hockey, dart board and large television. This flexible space allows guests to gather and unwind without disrupting the main living areas. Outdoor living is a defining feature of the property. A wraparound covered porch offers multiple seating areas, outdoor dining space and a swing, while the hot tub and fire pit overlook wooded surroundings and mountain views. A fenced area for pets is conveniently accessed directly from the wraparound deck, adding functionality and ease for pet owners. Recent improvements include a metal roof installed in 2022, paved driveway and exterior enhancements, contributing to long-term durability and accessibility. The property also offers an oversized two-car garage and ample parking for guests. Just minutes from Valle Crucis Community Park, the Watauga River and a short drive to Banner Elk, Boone and Blowing Rock, the home provides convenient access to hiking, fishing, skiing and year-round High Country attractions. With its established rental history, ability to accommodate large groups and turnkey furnishings, this property presents a compelling opportunity for a private mountain estate, vacation home or potential income-producing investment property. Rental evaluation available upon request. A distinctive mountain retreat where space, setting and versatility come together to support memorable gatherings and long-term value. At the time the sellers purchased the home, radon levels were found to be slightly elevated. Should the buyers elect to re-test and confirm that levels remain elevated, the sellers are willing to offer a credit at closing toward the installation of a radon mitigation system.

1709 Broadstone Road, Banner Elk

$259,900
260428 MLS
Discover your perfect mountain retreat on this 2.4-acre homesite in the highly sought-after The Lodges at Eagles Nest community. Surrounded by mature hardwoods and accented with striking natural boulders, this property offers exceptional privacy and a peaceful setting for your dream mountain home. Multiple potential building sites provide flexibility in design, whether you envision a cozy getaway or a grand mountain lodge. During construction, a beautiful long-range mountain view can be opened up, creating a stunning backdrop for your future home. From your doorstep, enjoy access to miles of hiking and ATV trails that connect you to the incredible amenities Eagles Nest is known for. Just minutes away, the charming town of Banner Elk offers top-rated dining, boutique shopping, and year-round activities—perfectly blending mountain seclusion with modern convenience. If you’re searching for a property that combines natural beauty, privacy, and access to one of North Carolina’s premier mountain communities, this homesite is a must-see.

C52 Firefly Cove, Banner Elk

$224,900
260316 MLS
Welcome to this rare find of over 3 acres of unrestricted land located just about 2.5 miles from the Banner Elk stoplight and all the Town of Banner Elk has to offer. This gently sloping land is about equally meadow and wooded with BREATHTAKING long range views including Sugar Mountain, Beech Mountain, and Rocky Knob. At the edge of the lot in the wooded area, you will find a clear mountain spring. Less than 6 miles away is Sugar Mountain Ski Resort and 8 miles away you will find Beech Mountain Ski Resort. Take the 2.5 mile drive to Tate Evans Park where you can enjoy playgrounds, paddling pools and a volleyball court. Less than 6 miles away is the Valle Crucis Community Park where you can enjoy the wading, tubing, or fishing in the Watauga River or use the paved path perfect for walkers, joggers, cyclists, and skateboarders. There is also a wedding gazebo and picnic shelters at the park. When you are ready to realize out on the country mountainside return back to Horse Bottom where you feel a million miles away from hustle and bustle.

TBD Horse Bottom Road, Banner Elk

$362,000
2 Beds 2 Baths 260348 MLS
Tucked into the scenic beauty of the Blue Ridge Mountains of North Carolina, this inviting two-bedroom, two-bath mountain home offers the perfect blend of comfort, style, and investment potential. Located in the casual mountain community of Mill Ridge, the property captures the relaxed spirit of mountain living while providing access to sought-after amenities and outdoor recreation. Step inside to a spacious great room highlighted by soaring cathedral tongue-and-groove ceilings and an impressive stone fireplace that anchors the living space with warm mountain character. The newly remodeled kitchen features granite countertops, new appliances, and a clean, functional layout —ideal for entertaining or unwinding after a day outdoors. Recent updates include new luxury vinyl plank flooring throughout and refreshed bathrooms, giving the home a move-in-ready feel. Outside, an expansive open deck provides a front-row seat to sweeping valley and mountain views—perfect for morning coffee, evening sunsets, or gathering with friends. Mill Ridge residents enjoy a variety of amenities including a swimming pool, tennis courts, clubhouse, hiking trails, and direct access to the scenic Watauga River, well known for excellent trout fishing. With vacation rentals permitted, this mountain getaway offers flexibility as a full-time residence, second home, or income-producing investment—all within one of the most beautiful regions of the Blue Ridge. Monthly fee includes water, sewer roads, amenities.

131 Hemlock Road, Banner Elk

$449,000
260304 MLS
Rare opportunity to own 9.67± acres of High Country land offering long-range views toward Beech Mountain with elevations ranging approximately from 4,000 to 4,400 feet. Conveniently located just minutes from Banner Elk and Lees-McRae College, this property combines privacy, elevation, and accessibility. The offering consists of two tracts being sold together, featuring a natural mix of hardwoods and multiple potential homesites to capture the surrounding mountain views. A recent survey is on file for review. The property has road frontage on Arbordale Church Road with additional access from Smith Cemetery Road. Utilities will need to be installed, allowing a buyer flexibility to develop as desired. No known deed restrictions provide added potential for a variety of uses. A cemetery is located between Tract 1 and Tract 2 as reflected on the survey. A unique opportunity to secure a sizeable mountain acreage tract in a highly desirable location.

TBD Arbordale Church Road, Banner Elk

$2,900,000
4 Beds 4 Baths 260236 MLS
Nestled on the prestigious Wren Way within the exclusive Elk River Club, this stunning new construction residence offers the pinnacle of mountain luxury with an estimated completion date of Fall 2026. Spanning approximately 3,400 square feet, the thoughtfully designed floor plan features four bedrooms and three and a half baths, all framed by mountain views and connected by the convenience of an in-home elevator. The main level serves as the heart of the home, boasting a grand great room with a centerpiece fireplace, an elegant dining room, and a gourmet kitchen. This level also hosts the sophisticated primary suite, a second guest bedroom and bath, a powder room, and convenient laundry room. Transitioning seamlessly to the outdoors, a large covered deck features an outdoor fireplace and built-in grill, perfect for year-round entertaining. The lower level is a hub for relaxation and recreation, offering two additional bedrooms, a guest bath, a den designed for family fun, a versatile flex room, and an attached two-car garage. Built with a durable composite roof and backed by a one-year builder warranty, this home provides both modern style and long-term peace of mind. Please note that as this is a new construction project, final inspection approval must be obtained prior to occupancy, and photos will be updated as house construction progresses.

346 Wren Way, Banner Elk

$75,000
260303 MLS
This 1.58-acre wooded homesite offers a rare opportunity to design a custom mountain retreat within the prestigious Elk River Club, where seclusion meets world-class luxury. Boasting a natural slope ideal for a multi-level architectural masterpiece or a walk-out terrace, the property provides a northern exposure. Despite its quiet, nature-steeped atmosphere, the lot is conveniently situated within golf cart distance of the community's amenities, allowing you to seamlessly transition from the tranquility of your private home to the vibrant social life of the club. Life at Elk River Club is defined by unparalleled amenities, headlined by the state’s first Signature Jack Nicklaus golf course, a meticulously maintained mountain masterpiece that winds through shimmering lakes and trout-filled streams. Beyond the fairways, members enjoy access to a premier Equestrian Center featuring 40 acres of pasture and a 30-stall stable, as well as a private, on-premise jetport for effortless travel. Whether you are spending the afternoon at the Har-Tru tennis courts, relaxing by the pool complex, or enjoying fine dining at the expansive 50,000-square-foot clubhouse, this location ensures that the best of High Country living is always just a short ride away.

Lot 67 Bluejay Court, Banner Elk

$575,000
2 Beds 2 Baths 260279 MLS
Charming 2BR|2BA Wintergreen at Echota on the Ridge, offered fully furnished with beautiful mountain views. The well-loved and meticulously maintained lower-level condo offers oak hardwood floors in the entry and kitchen, updated lighting and a stacked stone gas fireplace. The kitchen features birch cabinetry, slate backsplash and a breakfast bar with granite countertop and rust wine crate accents. Walls of windows wrap the open living and dining space, seamlessly blending the natural mountain surroundings with the interior. Step out to the serene covered deck, the perfect spot to breathe in the fresh mountain air and take in the views. The tastefully furnished primary suite features private deck access, two closets and a spacious bath with separate vanity area, tile flooring and full shower. The second bedroom with a queen bed and its own full bath, complete with pocket door for added privacy, ensures guests feel right at home. Updates include a new HVAC and water heater in 2021. Located in the sought-after gated community of Echota, owners enjoy an incredible maintenance-free lifestyle with unparalleled amenities. The community features two clubhouses, two outdoor pools, one indoor pool, three fitness facilities, a 25-acre riverpark, stocked fishing ponds, plus the exciting new owners-only Summit at Echota amenity center with its spectacular outdoor pool, deck, fitness facility, and skybridge.

299 Indian Paintbrush Drive Unit R211, Banner Elk

$249,900
260157 MLS
Introducing a rare opportunity to own 2.87 acres of premier sunset-facing land in the highly sought-after Lodges at Eagles Nest in Banner Elk. Tucked within the natural beauty of the Blue Ridge Mountains, this exceptional homesite offers the perfect balance of privacy, long-range panoramic views, and refined mountain living. Positioned to capture breathtaking evening skies and layered mountain vistas, this lot provides a stunning backdrop for a custom retreat—whether you envision a modern mountain estate, luxury cabin, or legacy family getaway. With ample acreage to create a drive and thoughtfully designed build, the possibilities are expansive. Eagles Nest is renowned for its world-class amenities including miles of hiking trails, a fitness center, outdoor amphitheater, playgrounds, and vibrant community gathering spaces, all just minutes from the dining, skiing, and charm of downtown Banner Elk. This is an extraordinary opportunity to build in one of the High Country’s most coveted communities and experience mountain living at its finest.

S-103 Talon Trail, Banner Elk

$247,500
2 Beds 2 Baths 260167 MLS
Take a look at this great investment opportunity, conventiently located between Banner Elk and Boone. This unit has had some updates done - new hot water heater less than a year old, downstairs bathroom has new flooring and vanity, to include a Touch Mirror, new garbage disposal installed, large windows in the living area have been tinted, custom closet systems installed, mini split installed in entry level bedroom, new ceiling fan upstairs. Upgrades done by previous owner in 2021 include new kitchen cabinets and granite countertops, new refrigerator and dishwasher, new carpeting in both bedrooms, luxury vinyl plank smartcore in foyer and kitchen and living room, new vanity in upstairs bathroom. Short Term Rentals are prohibited...6 month minimum rental.

201 South Slope Road Unit N-3, Banner Elk

$630,000
5 Beds 4 Baths 260222 MLS
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.

132 Heather Lane, Banner Elk

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.”