Welcome to 648 Penny Lane Unit 1B, a level entry luxury condo located in the charming town of Banner Elk with amazing views.. This inviting residence features an open living area with countless number of tasteful upgrades. The thoughtfully appointed interior boasts 2 bedrooms, 2 bathrooms and a walk in laundry/pantry with ample storage. The main living space along with the primary bedroom open up to the huge outdoor patio. It is hard to take your eyes off the breathtaking view from the highest level in The Vistas. The patio space includes a built in natural gas grill with plenty of room to entertain. The primary room is highlighted by an authentic NYC brick accent wall that gives you the feel of an urban city condo. The primary bathroom features dual vanities and an upgraded tiled shower with tasteful glass enclosure. In the chef's kitchen you will find many more upgrades to the appliances, leathered countertops and plenty of storage in the navy blue custom cabinets. This serene mountain retreat is ideally situated, offering easy access to outdoor activities such as hiking and skiing, as well as a vibrant local dining scene and boutique shopping.
Sold for $553,500
$553,500
648 Penny Lane #1B, Banner Elk, NC 28604
2beds
1,462sqft
Condominium
Built in 2018
-- sqft lot
$562,600 Zestimate®
$379/sqft
$2,810 Estimated rent
Home value
$562,600
$523,000 - $608,000
$2,810/mo
Zestimate® history
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$5,587/mo
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$5,587/mo
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List your homeWhat's special
Patio spaceVibrant local dining sceneUpgraded tiled showerAmazing viewsDual vanitiesPlenty of storage
Zillow last checked:
Listing updated:
Listed by:
Sarah Whitfield 828-898-5022,
Premier Sotheby's International Realty- Banner Elk,
Skylar Warren 828-333-2959,
Premier Sotheby's International Realty- Banner Elk
Bought with:
John Heinlein, 262736
Blue Ridge Realty & Inv. - Banner Elk
Source: High Country AOR,MLS#: 244184
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, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Disposal, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Laundry: Main Level
Features
- Window Treatments
- Windows: Window Treatments
- Number of fireplaces: 1
- Fireplace features: One
Interior area
- Total structure area: 1,462
- Total interior livable area: 1,462 sqft
- Finished area above ground: 1,462
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Exterior features: Outdoor Grill, Storage
- Has view: Yes
- View description: Long Range, Mountain(s)
Details
- Parcel number: 1859130354120001502
Construction
Type & style
- Home type: Condo
- Architectural style: Mountain
- Property subtype: Condominium
Materials
- Fiber Cement, Stone Veneer, Wood Frame
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 2018
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: $2,372 annually
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $379/sqft
- Tax assessed value: $446,700
- Annual tax amount: $3,841
- Date on market: 6/21/2023
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2023 | Sold | $553,500-2.8%$379/sqft |
Source:  High Country AOR #244184 Report a problem | ||
| 7/14/2023 | Pending sale | $569,500$390/sqft |
Source: High Country AOR #244184 Report a problem | ||
| 6/21/2023 | Listed for sale | $569,500+52.3%$390/sqft |
Source: High Country AOR #244184 Report a problem | ||
| 11/1/2019 | Sold | $374,000$256/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,787 | $446,700 |
| 2024 | $1,787 | $446,700 |
| 2023 | $1,787 -53.5% | $446,700 |
| 2022 | $3,842 +0.8% | $446,700 +30% |
| 2021 | $3,813 | $343,500 |
| 2020 | $3,813 | $343,500 |
Find assessor info on the county website
Neighborhood: 28604
Nearby homes
- $546,3002 bd2 ba1.5k sqft186 Vistas Way #1-B, Banner Elk, NC 28604Off Market
- $578,0002 bd2 ba1.4k sqft674 Penny Ln UNIT 1-B, Banner Elk, NC 28604Sold
- $705,0003 bd3 ba2.1k sqft648 Penny Ln UNIT 2A, Banner Elk, NC 28604Sold
- $550,0002 bd2 ba1.4k sqft172 Vistas Way UNIT 1A, Banner Elk, NC 28604Sold
- $225,000-- bd-- ba-- sqft1145 Vistas Way, Banner Elk, NC 28604Off Market
- $2,750,0004 bd4 ba3k sqft1135 Vistas Way, Banner Elk, NC 28604Sold
- $162,500-- bd-- ba-- sqft1139 Vistas Way, Banner Elk, NC 28604Off Market
- $2,650,0003 bd3 ba2.7k sqft1134 Vistas Way, Banner Elk, NC 28604Sold
Nearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 5.1 mi
- 3/10Avery County High SchoolGrades: 9-12Distance: 7.5 mi
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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- North Carolina
- Avery County
- Banner Elk
- 28604
- 648 Penny Lane Unit 1B
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