Recently renovated, turnkey, and full of potential, this inviting mountain retreat offers an exceptional opportunity to own an affordable slice of the High Country. With a strong history as a successful short-term rental, this furnished getaway is ideal as an investment property, weekend escape, college retreat, or full-time residence for those seeking a relaxed mountain lifestyle.
Conveniently located at the entrance to Ski Country, adventure is always within easy reach. Spend your days skiing and snowboarding at nearby Sugar Mountain and Beech Mountain Resorts, hiking scenic trails, mountain biking, fishing, golfing, or exploring the endless outdoor recreation the High Country is known for. Just minutes away, downtown Banner Elk offers award-winning dining, boutique shopping, wineries, breweries, live entertainment, seasonal festivals, and easy access to Grandfather Mountain and the Blue Ridge Parkway.
Offered fully furnished and move-in ready, this well-maintained unit allows you to begin enjoying the property—or welcoming guests—immediately. Recent improvements, including fresh interior paint and beautifully renovated stairs and decks, complement the home's excellent condition and make ownership effortless.
Inside, rustic exposed wood beams and a cozy wood-burning fireplace create the warm mountain character that makes this home feel like a true retreat. The comfortable living area is the perfect place to relax after a day of adventure, while the private deck provides a peaceful outdoor escape for morning coffee, evening cocktails, or simply enjoying the sights and sounds of the surrounding mountains.
Looking for additional space or an even greater investment opportunity? Unit A is also available for purchase (see MLS #263537), creating the rare opportunity to own both sides. With the potential to add an interior connecting door, the two units could function as one larger residence—ideal for multi-generational living, larger groups, expanded rental accommodations, or maximizing your investment potential.
Whether you're looking to expand your investment portfolio, purchase an affordable second home, or enjoy your own mountain getaway, this charming property offers outstanding value in one of the High Country's most desirable locations.
For sale
$220,000
40 Hemlock Hills #B, Banner Elk, NC 28604
1beds
499sqft
Condominium
Built in 1983
-- sqft lot
$-- Zestimate®
$441/sqft
$222/mo HOA
What's special
Furnished getawaySurrounding mountainsRecently renovatedCozy wood-burning fireplacePrivate deckRustic exposed wood beamsFresh interior paint
- 99 days
- 65
- 2
Zillow last checked:
Listing updated:
Listed by:
Jessica Auten 828-406-2937,
Premier Sotheby's International Realty- Banner Elk
Source: High Country AOR,MLS#: 263536
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 Cooktop, Electric Water Heater, Microwave, Refrigerator
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: 998
- 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
- Patio & porch: Open
- Exterior features: Paved Driveway
Details
- Parcel number: 1858209120120000702
- 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, High Speed Internet 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: $441/sqft
- Tax assessed value: $88,500
- Annual tax amount: $377
- 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 | $220,000$441/sqft |
Source: | ||
| 7/29/2026 | Listing removed | $220,000$441/sqft |
Source: | ||
| 5/18/2026 | Listed for sale | $220,000+238.5%$441/sqft |
Source: | ||
| 2/25/2021 | Sold | $65,000$130/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $354 | $88,500 |
| 2024 | $354 | $88,500 |
| 2023 | $354 | $88,500 |
| 2022 | $354 +86% | $88,500 +155.8% |
| 2021 | $190 | $34,600 |
| 2020 | $190 | $34,600 |
| 2019 | $190 | $34,600 |
| 2018 | $190 -5.7% | $34,600 +2.1% |
| 2017 | $202 +26.2% | $33,900 |
| 2016 | $160 | $33,900 |
| 2015 | $160 | $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.






