Affordable. Adorable. Investment-ready. Recently renovated, this turnkey mountain retreat offers an increasingly rare opportunity to own a piece of the High Country without compromising on location, charm, or income potential. With a proven short-term rental history, this property is equally appealing as an income-producing investment, a cozy personal retreat, a college getaway, or a full-time residence for individuals or couples looking to enjoy the mountain lifestyle.
Perfectly positioned near the entrance to Ski Country, year-round adventure awaits just outside your door with easy access to skiing, snowboarding, hiking, mountain biking, golf, fishing, and endless outdoor recreation. Located just minutes from downtown Banner Elk, owners and guests can enjoy award-winning restaurants, boutique shopping, wineries, breweries, live music, seasonal festivals, and some of the area's most beloved attractions, including Sugar Mountain Resort, Beech Mountain Resort, Grandfather Mountain, and the scenic Blue Ridge Parkway.
Beautifully maintained and offered fully furnished, this move-in-ready unit allows you to begin enjoying the mountain lifestyle—or generating rental income—from day one. Recent updates include fresh interior paint, renovated stairs and decks, and meticulous maintenance throughout, offering peace of mind for years to come.
Inside, warm exposed wood beams and a classic wood-burning fireplace create the inviting mountain ambiance you've been dreaming of. The comfortable living space is the perfect place to gather after a day on the slopes or exploring the High Country, while the private deck invites you to sip your morning coffee, enjoy the sounds of nature, unwind with a glass of wine, or simply take in the peaceful mountain setting.
Looking for even more flexibility? Unit B is also available for purchase (see MLS #263536), presenting a unique opportunity to own both units. With the potential to install an interior connecting door, the two could function as one larger residence—ideal for larger families, multi-generational living, expanded rental accommodations, or maximizing your investment potential.
Whether you're searching for your first investment property, an affordable second home, or your own mountain escape, this exceptional property offers an opportunity to experience everything the North Carolina mountains have to offer—at a price point that's becoming increasingly hard to find.
For sale
$189,900
40 Hemlock Hills #A, Banner Elk, NC 28604
1beds
499sqft
Condominium
Built in 1983
-- sqft lot
$-- Zestimate®
$381/sqft
$222/mo HOA
What's special
Recently renovatedPrivate deckFully furnishedPeaceful mountain settingFresh interior paintComfortable living spaceClassic wood-burning fireplace
- 32 days
- 489
- 24
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jessica Auten 828-406-2937,
Premier Sotheby's International Realty- Banner Elk
Source: High Country AOR,MLS#: 263537
Originating MLS: High Country Association of Realtors Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Furnished, Window Treatments
- Windows: Window Treatments
- Basement: None
- Number of fireplaces: 1
- Fireplace features: One, Wood Burning
- Furnished: Yes
Interior area
- Total structure area: 499
- Total interior livable area: 499 sqft
- Finished area above ground: 499
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway, No Garage, Paved, Private
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Paved Driveway
Details
- Parcel number: 1858209120120000701
- Zoning description: Residential
Construction
Type & style
- Home type: Condo
- Architectural style: A-Frame,Chalet/Alpine
- Property subtype: Condominium
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: Ski Country
HOA
- Has HOA: Yes
- HOA fee: $222 monthly
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $381/sqft
- Tax assessed value: $106,200
- Annual tax amount: $425
- Date on market: 8/3/2026
- Listing terms: Cash,Conventional,FHA,New Loan,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $189,900$381/sqft |
Source: | ||
| 7/29/2026 | Listing removed | $189,900$381/sqft |
Source: | ||
| 5/18/2026 | Listed for sale | $189,900+279.8%$381/sqft |
Source: | ||
| 1/25/2019 | Sold | $50,000-16.7%$100/sqft |
Source: | ||
| 6/5/2018 | Listing removed | $60,000$120/sqft |
Source: Blue Ridge Realty & Inv. - Banner Elk #206007 Report a problem | ||
| 3/19/2018 | Listed for sale | $60,000+27.7%$120/sqft |
Source: Blue Ridge Realty & Inv. - Banner Elk #206007 Report a problem | ||
| 1/8/2016 | Sold | $47,000+9300%$94/sqft |
Source: Public Record Report a problem | ||
| 3/25/2009 | Sold | $500$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $425 | $106,200 |
| 2024 | $425 | $106,200 |
| 2023 | $425 | $106,200 |
| 2022 | $425 +123.2% | $106,200 +206.9% |
| 2021 | $190 | $34,600 |
| 2020 | $190 | $34,600 |
| 2019 | $190 | $34,600 |
| 2018 | $190 | $34,600 +2.1% |
| 2017 | $190 +25.5% | $33,900 |
| 2016 | $152 | $33,900 |
| 2015 | $152 | $33,900 |
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.







