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260 Balsam Lane

Banner Elk, NC 28604

$749,000 $3,157/Mo

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Overview

Bed

Bath

2,767

Sqft

0.38

Acre(Lot)

Description

This spacious and beautifully appointed mountain retreat truly has it all! Step inside to soaring vaulted ceilings and an inviting open-concept floor plan designed for gathering family and friends. The stunning kitchen features granite countertops, stainless steel appliances, and ample space for entertaining. The main level offers a spacious family room with a beautiful fireplace, two primary suites with baths, and an additional bedroom. Upstairs, guests will enjoy a loft gaming area perfect for relaxing after a day of adventure. The lower level provides exceptional flexibility with a second full kitchen featuring granite countertops and stainless steel appliances, three additional bedrooms, and a recreation area complete with a newly covered pool table. With accommodations for up to 14 guests, this property is ideal as a vacation home, rental investment, or full-time mountain getaway. One of the property's most desirable features is its location—walkable to downtown Banner Elk via the Greenway, giving you easy access to restaurants, breweries, shopping, parks, and popular summer concerts. Enjoy the convenience of leaving the car behind while still being tucked away in a beautiful mountain setting. For winter fun, you're less than five miles from Sugar Mountain Resort, offering skiing, snowboarding, tubing, and year-round mountain adventures. Whether you're searching for a mountain retreat, a high-performing short-term rental (2026 year to date gross 27,817), or both, this exceptional property offers the perfect combination of location, space, and amenities. A rare opportunity to own a home that comfortably sleeps 14 guests while being walkable to everything Banner Elk has to offer!

Property Details

Property Type : Residential

Price : $749,000

AD Id : 80304410

MLS Id : 262410

Beds : 6

Lot Size : 0.38 Acre

Living Area Size : 2,767

Year Built : 1970

County : Avery

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Has Basement: Yes Basement: Finished
Roofing Information

Asphalt, Shingle
Interior Features

Vaulted Ceiling(s) Roof: Asphalt, Shingle Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Washer Laundry Features: Washer Hookup, In Basement
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes

Building Information

Year Built: 1970 Construction Materials: Wood Siding, Stone, Frame Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.38 Acres Lot Size Acres: 0.38

Property Information

Subdivision: None Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 56

Listing Price Information

Listing Price: $749000 Cash, Conventional

Tax Information

Parcel Number: 18591950270400000 Annual Tax: $5080

Parking Information

No Garage

School Information

Elementary School: Banner Elk

Junior High School:

Senior High School: Avery County
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
761 Foxfire Drive, Banner Elk, NC, 28604	$1,375,000	3	4	2,339	2,339 SqFt
26 Great Sky Drive, Banner Elk, NC, 28604	$169,000	--	--	--
4584 & 4582 Nc Highway .., Banner Elk, NC, 28604	$1,250,000	7	8	4,853	4,853 SqFt
TBD Wakeman Way, Banner Elk, NC, 28604	$229,900	--	--	--
O-26 High Country Overl.., Banner Elk, NC, 28604	$219,000	--	--	--
576 Eagle Springs Trail, Banner Elk, NC, 28604	$1,900,000	4	4	2,983	2,983 SqFt
123 High Country Overlook, Banner Elk, NC, 28604	$1,199,900	3	3	1,677	1,677 SqFt
123 High Country Overlook, Banner Elk, NC, 28604	$1,124,900	3	3	1,677	1,677 SqFt
617 Eagle Creek Trail, Banner Elk, NC, 28604	$3,649,997	4	5	3,977	3,977 SqFt
1644 Broadstone Road, Banner Elk, NC, 28604	$1,095,000	4	5	5,109	5,109 SqFt

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ByOwner last updated this listing 06/16/2026 @ 15:49

MLS: 262410 LISTED BY: Amanda Sorrow, Realty One Group Results-Banne 828-898-4663 SOURCE: High Country Association of REALTORS