Experience refined mountain living in this stunning level-entry, end-unit condo, perfectly situated just minutes from Banner Elk, Lees-McRae College, and the premier ski resorts of Beech and Sugar Mountain. Boasting superior soundproofing and high-end finishes throughout, this luxury 2 bedroom/2 bath residence offers both comfort and sophistication. Step into a spacious, open-concept layout featuring a gourmet kitchen with granite countertops, great for entertaining. Unwind in the primary ensuite, complete with a walk-in shower, and a custom walk-in closet with built-in shelving.
Enjoy cozy evenings by the natural gas fireplace or dine al fresco with a built-in outdoor grill while soaking in breathtaking long-range views. Additional highlights include natural gas heating, 9-foot ceilings, elegant design details, and a 30-day minimum rental policy, offering flexibility for both homeowners and investors.
Whether you're looking for a full-time residence, a second home, or a luxury rental opportunity, this exceptional property blends mountain charm with upscale living—truly a rare find in the High Country.
Sold for $575,000
$575,000
520 Penny Lane #1B, Banner Elk, NC 28604
2beds
1,573sqft
Condominium
Built in 2018
-- sqft lot
$575,900 Zestimate®
$366/sqft
$3,456 Estimated rent
Home value
$575,900
Estimated sales range
Not available
$3,456/mo
Zestimate® history
Owner options
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$6,012/mo
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List your homeWhat's special
Natural gas fireplaceHigh-end finishesBreathtaking long-range viewsSuperior soundproofingOpen-concept layoutElegant design detailsBuilt-in outdoor grill
Zillow last checked:
Listing updated:
Listed by:
James Condrey (828)385-0841,
Realty One Group Results-Boone
Bought with:
Kimmy Tiedemann, 279258
Keller Williams High Country
Source: High Country AOR,MLS#: 254852
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Fireplace(s), Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
- Laundry: Main Level
Features
- Carbon Monoxide Detector
- Windows: Double Hung
- Attic: None
- Number of fireplaces: 1
- Fireplace features: One, Stone, Vented, Gas
Interior area
- Total structure area: 1,573
- Total interior livable area: 1,573 sqft
- Finished area above ground: 1,573
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt, Driveway, No Garage
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Elevator, Outdoor Grill
- Has view: Yes
- View description: Long Range, Mountain(s)
Details
- Parcel number: 1859130354120001102
Construction
Type & style
- Home type: Condo
- Architectural style: Mountain
- Property subtype: Condominium
Materials
- Hardboard, Stone, Wood Frame
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed
- Subdivision: The Vistas
HOA
- Has HOA: Yes
- HOA fee: $2,697 annually
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $366/sqft
- Annual tax amount: $3,929
- Date on market: 4/11/2025
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $575,000-1.2%$366/sqft |
Source:  High Country AOR #254852 Report a problem | ||
| 5/25/2025 | Contingent | $582,000$370/sqft |
Source: High Country AOR #254852 Report a problem | ||
| 4/11/2025 | Listed for sale | $582,000+0.3%$370/sqft |
Source: High Country AOR #254852 Report a problem | ||
| 12/30/2023 | Listing removed | -- |
Source: High Country AOR #246972 Report a problem | ||
| 11/30/2023 | Pending sale | $580,000$369/sqft |
Source: High Country AOR #246972 Report a problem | ||
| 11/30/2023 | Listed for sale | $580,000$369/sqft |
Source: High Country AOR #246972 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 28604
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- $669,0003 bd3 ba2.1k sqft552 Penny Ln #2B, Banner Elk, NC 28604Sold
- $630,0003 bd3 ba1.8k sqft584 Penny Ln #2B, Banner Elk, NC 28604Sold
- $585,0002 bd2 ba1.5k sqft462 Penny Ln UNIT 1B, Banner Elk, NC 28604For Sale
- $532,6002 bd2 ba1.5k sqft186 Vistas Way #1-B, Banner Elk, NC 28604Off Market
- $553,5002 bd2 ba1.4k sqft648 Penny Ln UNIT 1B, Banner Elk, NC 28604Sold
- $565,0002 bd2 ba1.4k sqft186 Vistas Way #1-A, Banner Elk, NC 28604Sold
- $2,650,0003 bd3 ba2.7k sqft1134 Vistas Way, Banner Elk, NC 28604Sold
- $759,0003 bd3 ba2.1k sqft311 Penny Ln UNIT 2B, Banner Elk, NC 28604For Sale
Nearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 2 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 5 mi
- 3/10Avery County High SchoolGrades: 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.
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- North Carolina
- Avery County
- Banner Elk
- 28604
- 520 Penny Lane Unit 1B
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