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For sale
  • $220,000

    40 Hemlock Hills #B, Banner Elk, NC 28604

    1beds
    499sqft
    : 
    $1,589/mo
    Get pre-qualified
    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
    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.
    100 days
    68
    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#: 263536MLS 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 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

        DateEventPrice
        8/3/2026Listed for sale$220,000$441/sqft
        Source: High Country AOR #263536 Report a problem
        7/29/2026Listing removed$220,000$441/sqft
        Source: High Country AOR #261762 Report a problem
        5/18/2026Listed for sale$220,000+238.5%$441/sqft
        Source: High Country AOR #261762 Report a problem
        2/25/2021Sold$65,000$130/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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

        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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