$220,000
 $1,181 est/mo Sourced by Back At You

40 Hemlock Hills B,Banner Elk, NC 28604

Banner Elk, NC 28604

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Description

Recently renovated, turnkey, and full of potential, this inviting mountain retreat offers an exceptional opportunity to own an affordable slice of the High Country. With a strong history as a successful short-term rental, this furnished getaway is ideal as an investment property, weekend escape, college retreat, or full-time residence for those seeking a relaxed mountain lifestyle. Conveniently located at the entrance to Ski Country, adventure is always within easy reach. Spend your days skiing and snowboarding at nearby Sugar Mountain and Beech Mountain Resorts, hiking scenic trails, mountain biking, fishing, golfing, or exploring the endless outdoor recreation the High Country is known for. Just minutes away, downtown Banner Elk offers award-winning dining, boutique shopping, wineries, breweries, live entertainment, seasonal festivals, and easy access to Grandfather Mountain and the Blue Ridge Parkway. Offered fully furnished and move-in ready, this well-maintained unit allows you to begin enjoying the propertyor welcoming guestsimmediately. Recent improvements, including fresh interior paint and beautifully renovated stairs and decks, complement the home's excellent condition and make ownership effortless. Inside, rustic exposed wood beams and a cozy wood-burning fireplace create the warm mountain character that makes this home feel like a true retreat. The comfortable living area is the perfect place to relax after a day of adventure, while the private deck provides a peaceful outdoor escape for morning coffee, evening cocktails, or simply enjoying the sights and sounds of the surrounding mountains. Looking for additional space or an even greater investment opportunity? Unit A is also available for purchase (see MLS #263537), creating the rare opportunity to own both sides. With the potential to add an interior connecting door, the two units could function as one larger residenceideal for multi-generational living, larger groups, expanded rental accommodations, or maximizing your investment potential. Whether you're looking to expand your investment portfolio, purchase an affordable second home, or enjoy your own mountain getaway, this charming property offers outstanding value in one of the High Country's most desirable locations.

Details

MLS #263536
Listing TypeFor Sale
StyleCondominium
HOA Dues$222
Sub-TypeResale
Year1983
Days On Site22
Listing Provided ByPremier Sotheby's International Realty- Banner Elk | Jessica Auten

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet499
Story(s)2
ZoningResidential

Interior

Cooling Yes / NoYes
CoolingWall Window Units
Heating Yes / NoYes
HeatingBaseboard, Electric
Interior FeaturesFurnished, Window Treatments
Window FeaturesWindow Treatments
AppliancesElectric Cooktop, Electric Water Heater, Microwave, Refrigerator
Fireplace FeaturesOne, Wood Burning
Fireplace Yes / NoYes
Fireplaces Total1

Exterior

Exterior FeaturesPaved Driveway
RoofAsphalt, Shingle
Construction MaterialsWood Siding, Wood Frame

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, No Garage, Paved, Private

Utilities

UtilitiesCable Available, High Speed Internet Available
SewerPublic Sewer

Taxes

Tax Annual Amount377
Tax Book Number556/2280

Location

Community FeaturesLong Term Rental Allowed, Short Term Rental Allowed

Area Information

StateNC
CountyAvery
CityBanner Elk
Zip Code28604
Area8 Banner Elk
Community NameSki Country
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in Ski Country)
Price:
$220,000
low | high
Med:
$209,000
55% of Average
sqft:
499
low | high
Med:
780
6.312625250501% of Average
$ / sqft:
$441
low | high
Med:
$268
89.224358974359% of Average
On site:
22
low | high
Med:
101
21.782178217822% of Average
Sourced by Back At You

Market Activity 28604

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Learn More About This Property

StateNC
CountyAvery
CityBanner Elk
Zip Code28604
Area8 Banner Elk
Community NameSki Country
School DistrictAvery County
Elementary SchoolBanner Elk
High SchoolAvery County
Listing VS Median (in Ski Country)
Price:
$220,000
low | high
Med:
$209,000
55% of Average
sqft:
499
low | high
Med:
780
6.312625250501% of Average
$ / sqft:
$441
low | high
Med:
$268
89.224358974359% of Average
On site:
22
low | high
Med:
101
21.782178217822% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $165K - $275K
sqft: 374 - 624
Listing Updated: August 24, 2026 at 3:41:25 PM PDT