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For sale
  • $189,900

    40 Hemlock Hills #A, Banner Elk, NC 28604

    1beds
    499sqft
    : 
    $1,388/mo
    Get pre-qualified
    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
    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.
    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#: 263537MLS LogoOriginating 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

        DateEventPrice
        8/3/2026Listed for sale$189,900$381/sqft
        Source: High Country AOR #263537 Report a problem
        7/29/2026Listing removed$189,900$381/sqft
        Source: High Country AOR #261683 Report a problem
        5/18/2026Listed for sale$189,900+279.8%$381/sqft
        Source: High Country AOR #261683 Report a problem
        1/25/2019Sold$50,000-16.7%$100/sqft
        Source: High Country AOR #206007 Report a problem
        6/5/2018Listing removed$60,000$120/sqft
        Source: Blue Ridge Realty & Inv. - Banner Elk #206007 Report a problem
        3/19/2018Listed for sale$60,000+27.7%$120/sqft
        Source: Blue Ridge Realty & Inv. - Banner Elk #206007 Report a problem
        1/8/2016Sold$47,000+9300%$94/sqft
        Source: Public Record Report a problem
        3/25/2009Sold$500$1/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28604

        Getting around

        26 / 100
        Car-Dependent
        8 / 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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