2730 Tynecastle Hwy Banner Elk, NC 28604
Estimated payment $4,686/month
Highlights
- Mountain Architecture
- No HOA
- Heating System Uses Propane
- Banner Elk Elementary School Rated A-
- Wood Siding
About This Home
Well-positioned quad-plex in the heart of the High Country with ski slope views! This well maintained, multi-unit property offers four separate rental units with an unfinished heated and insulated basement that can be used for storage, or turned into two additional rentals. Property is located just minutes from Banner Elk’s restaurants, shopping, and outdoor recreation. Each unit offers its own separate entry making it great for short-term or long-term rentals. The building features charming mountain-style finishes, ample parking, and multiple decks to take in the scenic views, including a direct line of sight to the slopes. With close proximity to ski resorts, hiking trails, and year-round activities, this is a rare opportunity to own income-producing property in a high-demand area. Whether you’re expanding your investment portfolio or looking for a rare income-producing property in one of the High Country’s most desirable locations, this property is a must-see.
Listing Agent
Blue Ridge Brokerage Brokerage Phone: (828) 265-2199 Listed on: 07/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,013
Year Built
- Built in 1996
Lot Details
- 0.29 Acre Lot
Home Design
- 2,000 Sq Ft Home
- Quadruplex
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Propane
- Radiant Heating System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1858-20-80-5780-00000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,013 | $246,900 | $150,500 | $96,400 |
| 2023 | $1,013 | $246,900 | $150,500 | $96,400 |
| 2022 | $1,013 | $246,900 | $150,500 | $96,400 |
| 2021 | $937 | $164,500 | $75,300 | $89,200 |
| 2020 | $905 | $164,500 | $75,300 | $89,200 |
| 2019 | $905 | $164,500 | $75,300 | $89,200 |
| 2018 | $0 | $164,500 | $75,300 | $89,200 |
| 2016 | $787 | $176,000 | $0 | $0 |
| 2015 | $787 | $176,000 | $75,300 | $99,200 |
| 2012 | -- | $252,100 | $125,500 | $126,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Price Changed | $875,000 | +3.6% | $438 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $845,000 | -- | $423 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | None Available | |
| Warranty Deed | $126,500 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $210,000 | Unknown |
Source: High Country Association of REALTORS®
MLS Number: 256168
APN: 18582080578000000
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