Breathtaking views from this LUXURY 2 bedroom, 2 bath Vistas condo! Sold with most of the high quality furnishings. This condo has the most prized location within Vistas being the last building on the highest level, bringing additional privacy and superior views! Newer built (2020) and light owner use. Superior construction, including the best soundproofing in the High Country, tankless natural gas water heater, 50 year architectural shingles, walk-in laundry/pantry, crown molding, 45" gas vented fireplace, top of the line Maytag appliances, over-sized closets, automatic fire sprinklers and much more! The patio space includes a built in gas grill with plenty of room to entertain. You must see this condo to truly appreciate all that it offers! At over 4,000 elevation, you will appreciate the cool nights and days! Just a few minutes drive into charming Banner Elk. Banner Elk sits between two ski mountains (Sugar and Beech) and was recently cited by a national publication as the best Small Town to visit in North Carolina! Buyer to make a capital contribution of $1,500 to the Association on the closing statement. Penny Lane is maintained to a point by the Town of Banner Elk; the Association maintains the rest of Penny Lane. Minimum rental period is 30 consecutive days. The "stone/brick" flooring is travertine tile, and the "laminate" flooring is the type that looks like wood.
Sold for $578,000
$578,000
674 Penny Lane #1-B, Banner Elk, NC 28604
2beds
1,481sqft
Condominium
Built in 2020
-- sqft lot
$569,000 Zestimate®
$390/sqft
$2,908 Estimated rent
Home value
$569,000
$535,000 - $609,000
$2,908/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
John Heinlein (828)737-3100,
Blue Ridge Realty & Inv. - Banner Elk
Bought with:
Tracy Simms, 220985
Blue Ridge Realty & Inv. - Banner Elk
Source: High Country AOR,MLS#: 249714
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 Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
- Laundry: Main Level
Features
- Furnished, Window Treatments
- Windows: Window Treatments
- Number of fireplaces: 1
- Fireplace features: One, Stone, Gas
- Furnished: Yes
Interior area
- Total structure area: 0
- Total interior livable area: 1,481 sqft
- Finished area above ground: 1,481
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Paved, Private
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Outdoor Grill, Other, See Remarks, Paved Driveway
- Has view: Yes
- View description: Long Range, Mountain(s)
Details
- Parcel number: 1859130354120001602
Construction
Type & style
- Home type: Condo
- Architectural style: Mountain
- Property subtype: Condominium
Materials
- Fiber Cement, Stone Veneer, Wood Frame
- Foundation: Slab
- Roof: Architectural,Shingle
Condition
- Year built: 2020
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: $2,497 annually
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $446,700
- Annual tax amount: $3,842
- Date on market: 5/22/2024
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Gravel, Other, Paved, See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2024 | Sold | $578,000-1.9%$390/sqft |
Source:  High Country AOR #249714 Report a problem | ||
| 6/15/2024 | Contingent | $589,000$398/sqft |
Source: High Country AOR #249714 Report a problem | ||
| 5/22/2024 | Listed for sale | $589,000+53.4%$398/sqft |
Source: High Country AOR #249714 Report a problem | ||
| 3/25/2020 | Sold | $384,000$259/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
- $705,0003 bd3 ba2.1k sqft648 Penny Ln UNIT 2A, Banner Elk, NC 28604Sold
- $553,5002 bd2 ba1.4k sqft648 Penny Ln UNIT 1B, Banner Elk, NC 28604Sold
- $546,3002 bd2 ba1.5k sqft186 Vistas Way #1-B, Banner Elk, NC 28604Off Market
- $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
- $162,500-- bd-- ba-- sqft1139 Vistas Way, Banner Elk, NC 28604Off Market
- $2,750,0004 bd4 ba3k sqft1135 Vistas Way, Banner Elk, NC 28604Sold
- $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
- 674 Penny Lane Unit 1-B
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