Exceptional Downtown Banner Elk Opportunity! Located within the city limits of Banner Elk, this spacious SEVEN bedroom, four and a half bath mountain home offers unbeatable combination of character, convenience and investment potential. Banner Elk is known for its walkable downtown, dining, shopping and lively events, making this location especially appealing for both full-time living and vacation rental use. Inside the home there is a floor to ceiling real rock wood burning fireplace as well as another impressive stone wall with a flue for a Jotul wood stove that creates an inviting gathering space outside of the kitchen. With 7 bedrooms and 4.5 baths, there is plenty of room for family, friends or vacation guests. Outdoor living is also appealing with 2 large decks. There is a lower level under the basement that has been previously used as a workshop. Great space! The basement level can be accessed from outside and could be a separate 3 bedroom apartment. There with an old kitchenette in place so the kitchen fundamentals are there. City water and sewer. One of the greatest features of this home is the location!! You can easily walk to town to enjoy local events, restaurants, shops and even breweries. This home is a rare combination of space, character and convenience in the heart of Banner Elk.
For sale
$749,000
625 E. Old Turnpike Road, Banner Elk, NC 28604
7beds
3,841sqft
Single Family Residence
Built in 1985
0.34 Acres Lot
$741,500 Zestimate®
$195/sqft
$-- HOA
What's special
Spacious seven bedroom
- 13 days
- 654
- 31
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Marsha McManus (828)898-3500,
The Summit Group Of The Carolinas,
James Canterbury 828-260-5528,
The Summit Group Of The Carolinas
Source: High Country AOR,MLS#: 263994
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Forced Air, Fireplace(s), Gas, Propane, Wood, Wood Stove
Cooling
- None
Appliances
- Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
Features
- Cathedral Ceiling(s), Furnished, Vaulted Ceiling(s)
- Windows: Casement Window(s)
- Basement: Crawl Space,Exterior Entry
- Number of fireplaces: 2
- Fireplace features: Two, Free Standing, Other, See Remarks, Stone, Wood Burning
- Furnished: Yes
Interior area
- Total structure area: 4,549
- Total interior livable area: 3,841 sqft
- Finished area above ground: 2,545
- Finished area below ground: 1,296
Property
Parking
- Parking features: Asphalt, Driveway, No Garage
- Has uncovered spaces: Yes
Features
- Stories: 4
- Patio & porch: Covered, Multiple
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.34 Acres
Details
- Parcel number: 18591952714400000
- Zoning description: R2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Pillar/Post/Pier
- Roof: Asphalt,Shingle
Condition
- Year built: 1985
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: Beacon Hills Estates
HOA
- Has HOA: No
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $195/sqft
- Annual tax amount: $3,597
- Date on market: 8/27/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Estimated market value
$741,500
$704,000 - $779,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $749,000+7.8%$195/sqft |
Source:  High Country AOR #263994 Report a problem | ||
| 12/1/2024 | Listing removed | $695,000$181/sqft |
Source: High Country AOR #249177 Report a problem | ||
| 4/26/2024 | Listed for sale | $695,000$181/sqft |
Source: High Country AOR #249177 Report a problem | ||
Public tax history
Tax history is unavailable.
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
- 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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