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340 Balsam Lane

Banner Elk, NC 28604
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Bed 2

Bed

Bath 2

Bath

SqFt1,420

Sqft

Acres0.93

Acre(Lot)

OPPORTUNITY!!!! plus LOCATION, LOCATION, LOCATION! Walk along the Green-way to downtown Banner Elk’s charming restaurants, shops, breweries, parks, and year-round events, while still offering the peaceful feel of a mountain retreat. Welcome to “A-Frame of Mind” — affectionately known by guests as Banner Elk’s Favorite Little Cabin in the Trees! This charming and highly successful short-term rental is now ready for its next owner. Whether you’re searching for a mountain getaway, investment property, or both, this every box. Situated on just under an acre, this 2-bedroom, 2-bath cabin offers approximately 1,402 sq ft of warm and inviting living space, plus a full unfinished basement already stubbed and ready for future expansion. The lower level also includes a one-car garage, abundant storage space, laundry room, and washer/dryer. The main level features an open and spacious living, dining, and kitchen area centered around a stunning wood-burning fireplace. It is truly the perfect gathering spot after a day in the mountains. Step outside onto the deck to enjoy your morning coffee or evening refreshments while dinner sizzles on the grill surrounded by peaceful wooded views. The large primary suite is conveniently located on the main level and includes a walk-in closet, owner’s lockout closet, and spacious en suite bath with double vanities and over sized shower. Just off the primary bedroom is a second deck for reading, relaxing, or simply soaking in the mountain air. Upstairs, you’ll find a loft overlooking the living room below for additional sleeping space, kids’ hangout, or home office . The upstairs also features a second bedroom, walk-in closet, and full bath. *This property is being sold fully furnished and stocked with every essential. It is turnkey ready for your next getaway or to begin hosting your rental guests.

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Detail Ic Property Details

Property Type : Residential

Price : $498,000

AD Id : 78813971

MLS Id : 261998

Beds : 2

Lot Size : 0.93 Acre

Living Area Size : 1,420

Year Built : 1996

Garage : 1

County : Avery

Subdivision: Bayside At Waterman's

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Roofing Information

    Shingle
  • Interior Features

    High Speed Internet Roof: Shingle Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal Laundry Features: In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Ductless, Electric Has Cooling: Yes Cooling: Ductless

  • Building Information

    Year Built: 1996 Construction Materials: Wood Siding, Log Siding, Frame Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.93 Acres Lot Size Acres: 0.93

    Property Information

    Subdivision: Eden's Gate Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 30

  • Listing Price Information

    Listing Price: $498000 Cash, Conventional

  • Tax Information

    Parcel Number: 1859-19-50-6574-00000 Annual Tax: $1224

  • Parking Information

    Basement, Garage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • 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
TBD Wakeman Way, Banner Elk, NC, 28604 $229,900 -- -- --
4584 & 4582 Nc Highway .., Banner Elk, NC, 28604 $1,250,000 7 8 4,853 4,853 SqFt
26 Great Sky Drive, Banner Elk, NC, 28604 $169,000 -- -- --
761 Foxfire Drive, Banner Elk, NC, 28604 $1,375,000 3 4 2,339 2,339 SqFt
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

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of High Country Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 High Country Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/11/2026 @ 18:39

MLS: 261998 LISTED BY: Thomas Golder, Claybank Investors 704-341-1556 SOURCE: High Country Association of REALTORS

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