Lisa Stewart
Keller Williams High Country
(855) 996-3598
39 Total Sales
4 in Banner Elk
$110K - $725K Price Range
40 Painter Rd Banner Elk, NC 28604
Banner Elk AreaEstimated Value: $284,954
2
Beds
1
Bath
491
Sq Ft
$580/Sq Ft
Est. Value
Highlights
- Mountain Architecture
- No HOA
- Baseboard Heating
- Banner Elk Elementary School Rated A-
- Covered Patio or Porch
- Wood Siding
About This Home
As of March 2026Historic Farmhouse in Banner Elk with Strong Short Term Rental Performance This early 1900s farmhouse offers far more usable space than the 491 sq ft listed on paper. Due to ceiling heights under 7 feet, only a portion is counted, yet the home provides over 1,500 sq ft of functional living space. From practical bedrooms to flexible gathering areas, the layout delivers comfort, efficiency, and plenty of room to accommodate guests. Located just minutes from Banner Elk town center, the property blends historic character with modern-day appeal. Guests consistently rave about the central location, with Banner Elk Winery only 1 mile away and two ski slopes within 5 miles. It’s been well maintained, retains its original charm, and offers a unique setting that continues to attract travelers looking for something memorable and authentic. For investors, the numbers speak for themselves. This home is already established on Airbnb and VRBO, generating more than $23,000 in 2025 to date. It holds all 5 star reviews on Airbnb and benefits from an experienced Superhost who has built strong visibility and consistent demand. The next owner steps into a turnkey short term rental with proven performance and immediate income potential. The home is being sold fully furnished, making onboarding simple whether you plan to continue operating it as a high performing short term rental, use it as a personal getaway, or both. Its proximity to recreation, restaurants, wineries, and year round attractions further strengthens its rental appeal. If you’re looking for a well positioned investment with character, reliable returns, and room to grow, this Banner Elk farmhouse deserves a close look. It’s a unique asset with a story, strong momentum, and the kind of charm guests continue to rave about.
Last Agent to Sell the Property
High Country Resort Properties Brokerage Phone: (828) 260-7751 Listed on: 02/05/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $447
Year Built
- Built in 1909
Lot Details
- 41,513 Sq Ft Lot
- Property fronts a private road
Home Design
- Mountain Architecture
- Farmhouse Style Home
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 491 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Crawl Space
Kitchen
- Electric Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- No Garage
- Private Parking
- Gravel Driveway
Outdoor Features
- Covered Patio or Porch
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Baseboard Heating
- Private Water Source
Community Details
- No Home Owners Association
Listing and Financial Details
- Short Term Rentals Allowed
- Assessor Parcel Number 1859-00-83-6164-00000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
Feb 23, 2026
Sold by
Scott Dagostinis and Mari Katharyn
Bought by
Seller's Agent
Michelle Griffin
High Country Resort Properties
Buyer's Agent
Samantha Benfield
Keller Williams High Country
List Price
$399,000
Sold Price
$265,000
Premium/Discount to List
-$134,000
-33.58%
Views
315
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,954
Avg. Annual Appreciation
13.84%
Original Mortgage
$214,309
Outstanding Balance
$209,620
Interest Rate
5.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
$75,334
Purchase Details
Listed on
Nov 14, 2023
Closed on
Dec 14, 2023
Sold by
Benfield Lewis Shannon and Benfield Jamie Carol
Bought by
Dagostinis Jeffrey Scott and Dagostinis Katharyn Marie
Seller's Agent
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Roxanne Saltman
Boone Realty
List Price
$250,000
Sold Price
$250,000
Views
15
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$212,500
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2018
Sold by
Sword Roger Joe and Sword Sharon D
Bought by
Benfield Lewis Shannon and Benfield Jamie Carol
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Banner Elk, NC
-
Lisa Stewart
-
Kat Spradling
Kat Spradling
Elevate Land & Realty Banner Elk
(828) 576-7967
48 Total Sales
16 in Banner Elk
$90K - $3.5M Price Range
-
Chris Cornett
Chris Cornett
Elevate Land & Realty Banner Elk
(828) 809-0914
17 Total Sales
9 in Banner Elk
$87K - $3.9M Price Range
-
Melissa Hilton
Melissa Hilton
Ivester Jackson Christie's
(704) 741-3574
22 Total Sales
14 in Banner Elk
$170K - $1.7M Price Range
-
Jim Fitzpatrick
Jim Fitzpatrick
Peak Real Estate Llc
(828) 660-0192
89 Total Sales
20 in Banner Elk
$185K - $2.1M Price Range
-
Vandi Montero
Vandi Montero
Keller Williams High Country
(877) 446-3173
75 Total Sales
13 in Banner Elk
$341K - $1.5M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $265,000 | None Listed On Document | ||
| Dagostinis Jeffrey Scott | -- | None Listed On Document | |
| Benfield Lewis Shannon | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $214,309 | ||
| Previous Owner | Dagostinis Jeffrey Scott | $212,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | Sold | $265,000 | -2.8% | $540 / Sq Ft | |
| 01/17/2026 01/17/26 | Price Changed | $272,500 | -4.4% | $555 / Sq Ft | |
| 01/17/2026 01/17/26 | Price Changed | $284,900 | -1.4% | $580 / Sq Ft | |
| 10/27/2025 10/27/25 | Price Changed | $289,000 | -3.3% | $589 / Sq Ft | |
| 08/16/2025 08/16/25 | Price Changed | $299,000 | -3.5% | $609 / Sq Ft | |
| 07/21/2025 07/21/25 | Price Changed | $310,000 | -4.6% | $631 / Sq Ft | |
| 07/09/2025 07/09/25 | Price Changed | $324,900 | -4.2% | $662 / Sq Ft | |
| 05/26/2025 05/26/25 | Price Changed | $339,000 | -2.9% | $690 / Sq Ft | |
| 05/15/2025 05/15/25 | Price Changed | $349,000 | -2.8% | $711 / Sq Ft | |
| 04/30/2025 04/30/25 | Price Changed | $359,000 | -2.7% | $731 / Sq Ft | |
| 03/04/2025 03/04/25 | Price Changed | $369,000 | -2.6% | $752 / Sq Ft | |
| 02/19/2025 02/19/25 | Price Changed | $379,000 | -5.0% | $772 / Sq Ft | |
| 02/05/2025 02/05/25 | For Sale | $399,000 | +59.6% | $813 / Sq Ft | |
| 12/22/2023 12/22/23 | Sold | $250,000 | 0.0% | $486 / Sq Ft | View Prior Sale |
| 11/14/2023 11/14/23 | For Sale | $250,000 | -- | $486 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $447 | $111,800 | $48,200 | $63,600 |
| 2024 | $447 | $111,800 | $48,200 | $63,600 |
| 2023 | $447 | $111,800 | $48,200 | $63,600 |
| 2022 | $447 | $111,800 | $48,200 | $63,600 |
| 2021 | $364 | $66,200 | $36,200 | $30,000 |
| 2020 | $364 | $66,200 | $36,200 | $30,000 |
| 2019 | $364 | $66,200 | $36,200 | $30,000 |
| 2018 | $1,070 | $66,200 | $36,200 | $30,000 |
| 2017 | $1,085 | $197,200 | $0 | $0 |
| 2016 | $882 | $197,200 | $0 | $0 |
| 2015 | $882 | $197,200 | $164,600 | $32,600 |
| 2012 | -- | $296,400 | $253,100 | $43,300 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Griffin
Seller's Agent in 2026
Michelle Griffin
High Country Resort Properties
(828) 260-7751
243 Total Sales
-
Samantha Benfield
Buyer's Agent in 2026
Samantha Benfield
Keller Williams High Country
(828) 406-4110
113 Total Sales
-
Tracy Simms
Seller's Agent in 2023
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
(828) 898-7229
205 Total Sales
-
RS
Buyer's Agent in 2023
Roxanne Saltman
Boone Realty
Map
Source: High Country Association of REALTORS®
MLS Number: 253593
APN: 1859-00-83-6164-00000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Nearby Homes
- 625 E Old Turnpike Rd
- 2 Sunset Way
- 7 Finally Way
- 115 Balsam Ln SE
- TBD Lot 95 Eagle Peak Trail
- Lot 1 Horseshoe Creek Rd
- 144 Skyleaf Ln Unit 703
- 260 Balsam Ln
- 103 Upper Holiday Ln Unit G-228
- TBD Lot 11 Banner Glade Trail
- 187 Cinnamon Fern Ln
- 160 Rd
- LOT B-39 Puddingstone Pkwy
- 46 Wood Lily Dr
- TBD Galax Ln Unit 45
- TBD Galax Ln
- TBD Nc 194 Hwy
- 515 Grey Fox Ridge Rd
- 534 Farm Loop Rd
- 253 Farm Loop Rd
Your Personal Tour Guide
Ask me questions while you tour the home.