311 Penny Ln Unit 2D Banner Elk, NC 28604
Estimated payment $4,705/month
Highlights
- Popular Property
- Mountain View
- Mountain Architecture
- Banner Elk Elementary School Rated A-
- Vaulted Ceiling
- Secondary Bathroom Jetted Tub
About This Home
Luxury mountain living at its finest with unobstructed long-range views of Grandfather and Sugar Mountains will welcome you with morning coffee and evening wind-down on the large outdoor covered deck! This sought after first row upper 2 story condo has the largest floor plan in the community! Enjoy the option of either the first floor primary bedroom with over-sized closet, cute sitting area and whirlpool bathtub, or the large second primary bedroom also with en suite bathroom on the second floor. The open concept designed condo includes a generous dining area, granite countertop bar seating and spacious living room with vaulted ceilings. You will enjoy the high-quality workmanship of the large stone gas fireplace that transposes the living area into your ideal mountain retreat. Equipped with beautiful granite counters in the kitchen and baths, gas oven range, wood flooring, travertine floors in the bathrooms, vaulted ceilings, superior soundproofing, solid core doors, side-by-side washer and dryer and upgraded stainless steel appliances. Natural gas keeps heating costs reasonable and paired with a Rinnai tankless water heater. Ideally situated between charming downtown Banner Elk with summer theater, local shops and fabulous dining, and also near Beech Mountain with winter skiing, summer biking, hiking, summer concert series and outdoor activities. If you are looking for a summer retreat or winter ski lodge, this is a must see! Stair access only. Offered furnished as shown minus wall art. No short-term rentals permitted.
Listing Agent
Engel & Volkers Banner Elk Brokerage Phone: (828) 898-3808 Listed on: 12/10/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,980
Year Built
- Built in 2008
Lot Details
- Property fronts a private road
- Southern Exposure
HOA Fees
- $350 Monthly HOA Fees
Parking
- Driveway
Home Design
- Mountain Architecture
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Architectural Shingle Roof
- Stone Veneer
- Hardboard
Interior Spaces
- 2,264 Sq Ft Home
- 2-Story Property
- Furnished
- Vaulted Ceiling
- Stone Fireplace
- Gas Fireplace
- Mountain Views
Kitchen
- Electric Range
- Recirculated Exhaust Fan
- Microwave
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
- Secondary Bathroom Jetted Tub
Laundry
- Laundry on main level
- Washer
Outdoor Features
- Covered Patio or Porch
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Wood
- Tankless Water Heater
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- The Vistas Subdivision
Listing and Financial Details
- Assessor Parcel Number 1859130354120000108
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 | $2,316 | $579,100 | -- | $579,100 |
| 2023 | $2,316 | $579,100 | $0 | $579,100 |
| 2022 | $2,316 | $579,100 | $0 | $579,100 |
| 2021 | $2,174 | $395,300 | $45,000 | $350,300 |
| 2020 | $4,388 | $395,300 | $45,000 | $350,300 |
| 2019 | $4,388 | $395,300 | $45,000 | $350,300 |
| 2018 | $2,174 | $395,300 | $45,000 | $350,300 |
| 2017 | $3,762 | $332,900 | $0 | $0 |
| 2016 | $1,489 | $332,900 | $0 | $0 |
| 2015 | $1,489 | $332,900 | $50,000 | $282,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/10/2025 12/10/25 | For Sale | $749,000 | +20.8% | $331 / Sq Ft | |
| 08/04/2021 08/04/21 | Sold | $620,000 | 0.0% | $269 / Sq Ft | View Prior Sale |
| 07/05/2021 07/05/21 | Pending | -- | -- | -- | |
| 06/29/2021 06/29/21 | For Sale | $620,000 | +71.0% | $269 / Sq Ft | |
| 06/01/2015 06/01/15 | Sold | $362,500 | 0.0% | $160 / Sq Ft | View Prior Sale |
| 05/02/2015 05/02/15 | Pending | -- | -- | -- | |
| 03/19/2015 03/19/15 | For Sale | $362,500 | -- | $160 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $620,000 | None Available |
Source: High Country Association of REALTORS®
MLS Number: 259265
APN: 1859-13-03-5412-00001-08
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