520 Penny Lane, Banner Elk NC
- 2 Bed
- 2 Bath
- 1573 ft2
- 0.0 ac
For Sale $582,000
Remarks:
Experience refined mountain living in this stunning level-entry, 2 bedrooms, 2 baths, end-unit condo, perfectly situated just minutes from Banner Elk, Lees-McRae College, and the premier ski resorts of Beech and Sugar Mountain. Boasting superior soundproofing and high-end finishes throughout, this luxury residence offers both comfort and sophistication. Step into a spacious, open-concept layout featuring a gourmet kitchen with granite countertops, perfect for entertaining. Unwind in the primary ensuite a walk-in shower, and a walk-in closet with custom shelving. Enjoy cozy evenings by the natural gas fireplace or dine al fresco with a built-in outdoor grill while soaking in breathtaking long-range views. Additional highlights include natural gas heating, elegant design details, and a 30-day minimum rental policy, offering flexibility for both homeowners and investors. Truly a rare find in the High Country.
Exterior Features:
Elevator
General Information:
| List Price: | $582,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Condominium |
| Approx Sq. Ft.: | 1573 sqft |
| Parking: | Parking Space(s) |
| MLS Number: | CAR4244171 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Year Built: | 2018 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Banner Elk |
| Middle: | Avery County |
| High: | Avery County |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-16-2025 | Under Contract | $582,000 | $370 |
| 05-20-2025 | Listed | $582,000 | $370 |
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 |
| 520 Penny Lane, Banner Elk NC | 0 mi | $582,000 | days | |
| 552 Penny Lane, Banner Elk NC | 0.1 mi | $749,900 | days | |
| 344 & 348 Tumbling Brook Drive, Banner Elk NC | 0.3 mi | $1,998,000 | days | |
| 706 Silver Springs Drive, Banner Elk NC | 0.6 mi | $2,950,000 | days | |
| 372 Silver Springs Drive, Banner Elk NC | 0.7 mi | $689,900 | days | |
| 750 Silver Springs Drive, Banner Elk NC | 0.8 mi | $1,550,000 | 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
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28604
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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 Realty One Group Results-Boone
520 Penny Lane, Banner Elk NC is a 1573 ft2 on a 0.010 acres Appraisal lot. This is for $582,000. This has 2 bedrooms, 2 baths, and was built in 2018.
Based on information submitted to the MLS GRID as of 2025-05-20 10:50:42 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.
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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.
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