For sale

Price cut: $55K (6/18)

$895,000

115 Balsam Lane, Banner Elk, NC 28604

3beds

1,872sqft

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Single Family Residence

Built in 1953

1.46 Acres Lot

$-- Zestimate^®

$478/sqft

$-- HOA

What's special

Newly renovatedOne level livingPrivate asphalt drivewayFlat lotNew roofDual fuel hvac systemThree-bedroom three-bath home

This is a rare opportunity in downtown Banner Elk. This newly renovated, one level living home on a flat lot was previously occupied by just one family for 65 years. The three-bedroom, three-bath home has been completely redone to include a new roof, windows, doors, dual fuel HVAC system, kitchen, bathrooms, floors, two concrete patios, landscaping and a private asphalt driveway. The home sits on 1.46 acres of usable, flat property with 250 feet of frontage on Shawneehaw Creek and within a short distance to the greenway trail connector to take you to Banner Elk Park. The home is located near all the great restaurants, entertainment and events downtown Banner Elk has to offer.

106 days

446

15

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Electric, Forced Air, Propane

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Water Heater, Gas Range, Refrigerator
Laundry: Washer Hookup, Dryer Hookup, In Basement

Features

Basement: Full,Unfinished
Number of fireplaces: 1
Fireplace features: One

Interior area

Total structure area: 3,269
Total interior livable area: 1,872 sqft
Finished area above ground: 1,872
Finished area below ground: 0

Property

Parking

Parking features: Asphalt, Driveway, Paved, Private
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Multiple, Other, See Remarks
Exterior features: Paved Driveway
Has view: Yes
View description: Mountain(s), Creek/Stream
Has water view: Yes
Water view: Creek/Stream
Waterfront features: Creek, Stream

Lot

Size: 1.46 Acres

Details

Parcel number: 185919511347

Construction

Type & style

Home type: SingleFamily
Architectural style: Mountain,Ranch
Property subtype: Single Family Residence

Materials

Stone, Wood Frame
Foundation: Basement
Roof: Asphalt,Shingle

Condition

Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Long Term Rental Allowed, Short Term Rental Allowed
Subdivision: None

HOA

Has HOA: No

Location

Region: Banner Elk

Financial & listing details

Price per square foot: $478/sqft
Annual tax amount: $1,342
Date on market: 4/2/2026
Listing terms: Cash,Conventional,FHA,New Loan,USDA Loan,VA Loan
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Price change	$895,000-5.8%$478/sqft
Source: High Country AOR #260768 Report a problem
4/3/2026	Listed for sale	$950,000$507/sqft
Source: High Country AOR #260768 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28604

Getting around

31 / 100

Car-Dependent

18 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Banner Elk Elementary School
Grades: PK-5Distance: 1.2 mi
2/10
Avery Middle
Grades: 6-8Distance: 7.5 mi
3/10
Avery County High School
Grades: 9-12Distance: 7.4 mi

Schools provided by the listing agent

Elementary: Banner Elk
Middle: Avery
High: Avery County

Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.