Under contract

$585,000

462 Penny Lane #1B, Banner Elk, NC 28604

2beds

1,583sqft

$3,749/mo

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Condominium

Built in 2015

-- sqft lot

$558,500 Zestimate^®

$370/sqft

$350/mo HOA

What's special

Natural gas fireplaceSpacious modern kitchen

If you are in search of a gorgeous two bedroom two bath condo, look no further. This lower level walk in home has it all, a beautiful view of Grandfather Mountain, a covered deck with a built in grill, a spacious modern kitchen, a combination great room/ dining room a natural gas fireplace and a master bedroom with a magnificent master bath. The quality of these homes at The Vista are of the highest quality with a touch of elegance and warmth. Take the 3D tour and see just how amazing these units are. Minutes from Banner Elk downtown, restaurants, shopping and all that the town has to offer. Explore the photos and see what a remarkable value this home is. Schedule a visit and see for youself. Your client and you will be pleasantly surprised.

67 days

276

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Fireplace(s), Gas

Cooling

1 Unit

Appliances

Included: Dishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater
Laundry: Washer Hookup, Dryer Hookup

Features

Elevator
Windows: Double Hung
Attic: None
Has fireplace: Yes
Fireplace features: Stone, Gas

Interior area

Total structure area: 1,583
Total interior livable area: 1,583 sqft
Finished area above ground: 1,583
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Parking features: No Garage

Features

Levels: One
Stories: 1
Exterior features: Outdoor Grill
Has view: Yes
View description: Long Range, Southern Exposure

Details

Parcel number: 1859130354120000902

Construction

Type & style

Home type: Condo
Architectural style: Mountain
Property subtype: Condominium

Materials

Fiber Cement, Wood Frame
Foundation: Slab
Roof: Architectural,Shingle

Condition

Year built: 2015

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
Subdivision: The Vistas

HOA

Has HOA: Yes
HOA fee: $4,198 annually

Location

Region: Banner Elk

Financial & listing details

Price per square foot: $370/sqft
Annual tax amount: $3,802
Date on market: 5/26/2026
Listing terms: Cash,New Loan
Road surface type: Paved

Estimated market value

$558,500

$531,000 - $586,000

$2,523/mo

Price history

Date	Event	Price
7/23/2026	Contingent	$585,000$370/sqft
Source: High Country AOR #262266 Report a problem
5/27/2026	Listed for sale	$585,000+20.6%$370/sqft
Source: High Country AOR #262266 Report a problem
7/6/2021	Sold	$485,000-2.8%$306/sqft
Source: High Country AOR #230621 Report a problem
6/12/2021	Contingent	$499,000$315/sqft
Source: High Country AOR #230621 Report a problem
5/29/2021	Listed for sale	$499,000$315/sqft
Source: High Country AOR #230621 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28604

Getting around

7 / 100

Car-Dependent

Nearby schools

GreatSchools rating

8/10
Banner Elk Elementary School
Grades: PK-5Distance: 1.9 mi
5/10
Cranberry Middle School
Grades: 6-8Distance: 5 mi
3/10
Avery County High School
Grades: 9-12Distance: 7.4 mi

Schools provided by the listing agent

Elementary: Banner Elk
Middle: Avery
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.