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For sale
  • $749,000

    260 Balsam Lane, Banner Elk, NC 28604

    5beds
    2,905sqft
    : 
    $4,252/mo
    Get pre-qualified
    Single Family Residence
    Built in 1970
    0.38 Acres Lot
    $707,000 Zestimate®
    $258/sqft
    $-- HOA

    What's special

    Beautiful fireplaceSoaring vaulted ceilingsStunning kitchenLoft gaming areaSpacious family roomSecond full kitchenGranite countertops
    This spacious and beautifully appointed mountain retreat truly has it all! Step inside to soaring vaulted ceilings and an inviting open-concept floor plan designed for gathering family and friends. The stunning kitchen features granite countertops, stainless steel appliances, and ample space for entertaining. The main level offers a spacious family room with a beautiful fireplace, two primary suites with baths, and an additional bedroom. Upstairs, guests will enjoy a loft gaming area perfect for relaxing after a day of adventure. The lower level provides exceptional flexibility with a second full kitchen featuring granite countertops and stainless steel appliances, three additional bedrooms, and a recreation area complete with a newly covered pool table. With accommodations for up to 14 guests, this property is ideal as a vacation home, rental investment, or full-time mountain getaway. One of the property's most desirable features is its location—walkable to downtown Banner Elk via the Greenway, giving you easy access to restaurants, breweries, shopping, parks, and popular summer concerts. Enjoy the convenience of leaving the car behind while still being tucked away in a beautiful mountain setting. For winter fun, you're less than five miles from Sugar Mountain Resort, offering skiing, snowboarding, tubing, and year-round mountain adventures. Whether you're searching for a mountain retreat, a high-performing short-term rental (2026 year to date gross 27,817), or both, this exceptional property offers the perfect combination of location, space, and amenities. A rare opportunity to own a home that comfortably sleeps 14 guests while being walkable to everything Banner Elk has to offer!
    51 days
    |
    1,028
    |
    49
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    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Sorrow (704)467-3214,

    Realty One Group Results-Banne

    Source: High Country AOR,MLS#: 262410MLS LogoOriginating MLS: High Country Association of Realtors Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Electric, Heat Pump
      Cooling
      • 1 Unit
      Appliances
      • Included: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave Hood Fan, Microwave, Washer
      • Laundry: Washer Hookup, Dryer Hookup, In Basement
      Features
      • Furnished, Second Kitchen, Vaulted Ceiling(s)
      • Basement: Finished
      • Has fireplace: Yes
      • Fireplace features: Stone, Wood Burning
      • Furnished: Yes
      Interior area
      • Total structure area: 2,767
      • Total interior livable area: 2,905 sqft
      • Finished area above ground: 1,582
      • Finished area below ground: 1,323
      Video & virtual tour

      Property

      Parking
      • Parking features: No Garage
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Hot Tub/Spa
      • Has spa: Yes
      Lot
      • Size: 0.38 Acres
      Details
      • Parcel number: 18591950270400000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Chalet/Alpine
      • Property subtype: Single Family Residence
      Materials
      • Stone, Wood Siding, Wood Frame
      • Foundation: Basement, Slab
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1970

      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: Beech Mountain

      Financial & listing details

      • Price per square foot: $258/sqft
      • Tax assessed value: $576,400
      • Annual tax amount: $5,080
      • Date on market: 6/4/2026
      • Listing terms: Cash,Conventional,New Loan
      • Road surface type: Paved

        Estimated market value

        $707,000

        $672,000 - $742,000

        $4,330/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$749,000+25.9%$258/sqft
        Source: High Country AOR #262410 Report a problem
        9/13/2021Sold$595,000+3.5%$205/sqft
        Source: High Country AOR #232649 Report a problem
        8/16/2021Pending sale$575,000$198/sqft
        Source: High Country AOR #232649 Report a problem
        8/12/2021Listed for sale$575,000+130%$198/sqft
        Source: High Country AOR #232649 Report a problem
        11/3/2017Sold$250,000+316.7%$86/sqft
        Source: High Country AOR #39207348 Report a problem
        1/13/2005Sold$60,000$21/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,306 $576,400
        2024$2,306 $576,400
        2023$2,306 -53.5%$576,400
        2022$4,957 +83.5%$576,400 +136.8%
        2021$2,702 $243,400
        2020$2,702 $243,400
        2019$2,702 +0.9%$243,400
        2018$2,677 +100%$243,400 +17.6%
        2017$1,339 +44.7%$206,900
        2016$925 $206,900
        2015$925 $206,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28604

        Getting around

        24 / 100
        Car-Dependent
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Banner Elk
        • 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.

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