248 Hillcrest Lane, Banner Elk NC
- 4 Bed
- 4 Bath
- 1870 ft2
- 0.5 ac
For Sale $975,000
Remarks:
Perched just above the charming town of Banner Elk, this spacious home delivers the best of mountain living — peaceful enough to hear the leaves rustle, yet close enough to hear the music drifting up from the town park on Thursday summer evenings. In winter, skiing at Sugar Mountain and Beech Mountain awaits just 15 minutes away. Year-round, downtown Banner Elk's shops and restaurants are less than half a mile from your door. Arrive to ample parking and take just four easy steps up to the main level — single-level living if desired. The full-length rocking chair front porch sets the tone immediately, welcoming you to the mountains. Step inside to soaring vaulted ceilings and an open-concept living, dining, and kitchen area finished in a white-washed style that brings a fresh, modern feel. The kitchen offers a generous island with breakfast bar seating. There is a comfortable living area and a large dining table to seat everyone. And yes, the home is offered fully furnished, with just a few exceptions. The main level follows a split floorplan. On one side, the spacious primary suite features a bright, beautifully renovated bath and en-suite laundry — plus direct access to the full-length back deck, where views over the town of Banner Elk await. On the other side, two additional bedrooms each open to the front or back deck, and share a well-appointed bath. Every bedroom is genuinely spacious; no one draws the short straw here. The lower level offers tremendous flexibility — a huge living area, a fourth bedroom with seating area, and two full baths give guests or family members a retreat of their own- including a separate entrance from the driveway. On the lower back deck, you’ll find a concrete slab and wiring already in place for a hot tub. The oversized, attached two-car garage opens to this level. The owners have taken exceptional care of the home: a new roof (2019), sanded and stained (2020), new retaining wall and 1,000 gallon propane tank (2020), repaved driveway (2022), new water heaters (2026), a new A/C compressor (2026), and more! No HOA, and the home is on city water and sewer and a city maintained paved road. This home is move-in ready and built to last. Whether you're looking for a full-time mountain home, a vacation retreat, or an income-producing rental property, this home checks every box. When you can't be here — and you'll always wish you could — the rental potential is excellent.
Exterior Features:
Other - See Remarks
Interior Features:
Attic Other, Breakfast Bar, Kitchen Island, Open Floorplan
General Information:
| List Price: | $975,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1870 sqft |
| Parking: | Driveway, Attached Garage |
| MLS Number: | CAR4375067 |
| Subdivision: | None |
| Bathrooms: | 4 |
| Year Built: | 2000 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Banner Elk |
| Middle: | Cranberry |
| High: | Avery County |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-22-2026 | Listed | $975,000 | $522 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Grandfather Academy | 1 miles | 01-07 | 1 |
| Valle Crucis Elementary | 6 miles | PK-05 | 8 |
| Bethel Elementary | 9 miles | KG-06 | 5 |
| Cove Creek Elementary | 10 miles | PK-05 | 7 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 248 Hillcrest Lane, Banner Elk NC | 0 mi | $975,000 | days | |
| 114 Charles Lowe Lane, Banner Elk NC | 0.3 mi | $700,000 | days | |
| 132 Heather Lane, Banner Elk NC | 0.5 mi | $630,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
Powered by Google Maps
Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28604
|
Occupancy Types |
|
Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Keller Williams High Country
248 Hillcrest Lane, Banner Elk NC is a 1870 ft2 on a 0.520 acres Appraisal lot. This is for $975,000. This has 4 bedrooms, 4 baths, and was built in 2000.
Based on information submitted to the MLS GRID as of 2026-05-22 09:36:56 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for more information
Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
