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!
For sale
$749,000
260 Balsam Lane, Banner Elk, NC 28604
5beds
2,905sqft
Single Family Residence
Built in 1970
0.38 Acres Lot
$715,400 Zestimate®
$258/sqft
$-- HOA
What's special
Beautiful fireplaceSoaring vaulted ceilingsStunning kitchenLoft gaming areaSpacious family roomSecond full kitchenGranite countertops
- 97 days
- 895
- 47
Zillow last checked:
Listing updated:
Listed by:
Amanda Sorrow (704)467-3214,
Realty One Group Results-Banne
Source: High Country AOR,MLS#: 262410
Originating 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
$715,400
$680,000 - $751,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $749,000+25.9%$258/sqft |
Source: | ||
| 9/13/2021 | Sold | $595,000+3.5%$205/sqft |
Source: | ||
| 8/16/2021 | Pending sale | $575,000$198/sqft |
Source: | ||
| 8/12/2021 | Listed for sale | $575,000+130%$198/sqft |
Source: | ||
| 11/3/2017 | Sold | $250,000+316.7%$86/sqft |
Source: | ||
| 1/13/2005 | Sold | $60,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 28604
Nearby schools
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.



