270 Elk Hill Drive Banner Elk, NC $ 950,000
270 Elk Hill Drive
$ 950,000
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270 Elk Hill Drive

Banner Elk, NC, 28604
$ 950,000
Baths0.0 Sq 3,302

Monthly Estimate*

$ 5,927

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View a Virtual Tour
Studio

Multi-Family Home for sale in Banner Elk, NC

for $950,000. This 3,302 square foot home was built in 1986 on a lot size of 0.39.

Beautiful 4PLEX w/BIG VIEWS of Banner Elk, Sugar Mountain and Beech Mountain! High Vaulted Ceilings, 2 Fireplaces. Upper 2 Units Sold Furnished minus seller exclusions: some Artwork, Decor & Personal Belongings. Two 2 Bedroom 2 Bathroom Units with an Efficiency Apt below each for 4 Units total. Perfect for Full-Time, Part-Time, In-laws, Guests, Short Term or Long-Term Rentals. Each unit has been completely renovated since purchased. List of Updates available. This property has lots of potential uses. Can be used as a Duplex, Triplex, 4-Plex, Large Home or even Employee Housing. Great Opportunity for an Investor and in a Great Location with Close Proximity to Ski Resorts, Restaurants, Shopping, Parks, etc. There is a 384' Clean space cold room located behind lower right-side efficiency. Covered Carport area holds 3 cars and the parking pad below is on the vacant .11 acre parcel and can hold more cars. Total acreage w the lot and 4-Plex is .39 acre. $540 A Year Road Maintenance Fee. The Virtual Tour is only for the 2 upper 2 bedroom 2 bath units. The 2 lower efficiency units are only shown in photos since currently rented and their personal contents. List of Updates completed on each unit is in the documents folder. With both efficiencies rented advanced notice needed to be shown. Both upper units can be shown short notice. The Electric is metered as a Duplex.

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Multi-Family Active

Price

$ 950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 916

Style

Lot Size

0.39

Year Built

1986

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

254629

Features
General
Sewer PublicSewer
Heating Baseboard Ductless Electric HotWater
Cooling Ductless TwoUnits
Utilities CableAvailable ElectricityAvailable HighSpeedInternetAvailable
Roof Asphalt Shingle
Appliances Dryer Dishwasher ElectricCooktop Microwave Refrigerator Washer
HOA Fee 540.0
Architectural Style Contemporary Mountain
Construction Materials WoodSiding WoodFrame
Year Built 1986
View LongRange Mountains
Property Subtype Quadruplex
Community Features LongTermRentalAllowed ShortTermRentalAllowed
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type ResidentialIncome
HOA Y
Attached Garage N
Subdivision Name None
Garage Y/N N
Full Baths 0
Status Active
High School Avery County
City Banner Elk
Senior Community Y/N N
Zoning Description Residential
MLS Area 8-Banner Elk
Lot Size Units Acres
Carport Y/N N
Elementary School Banner Elk
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 916.8
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Banner Elk
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=vsembpvzosd&brand=0
Standard Status Active
Property Sub Type Additional Quadruplex MultiFamily
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Interior
Basement CrawlSpace
Total Fireplaces 2
Fireplace Features Two Gas Stone
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N Y
Half Baths 0
Laundry Features WasherHookup DryerHookup
Total Bedrooms 0
Total Baths 0
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Exterior
Water Source Private Well
Lot Size Area 0.39
Spa N
Building Area Total 3302.0
Lot Size Acres 0.39
Road Surface Type Gravel
Waterfront Y/N N
Door Features StormDoors
Road Frontage Type PrivateRoad
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 270
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* Excluded Features
List By
Blue Ridge Realty & Inv. - Banner Elk

Broker

(828) 737-3100

Contact

Affordability Calculator

$6,003
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,927
Monthly Property Taxes
$76
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4062214 Elementary School
4062210 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$950,000 -4.52% Price Down
10/1/2025$995,000 -0.30% Price Down
9/1/2025$998,000 -13.14% Price Down
8/13/2025$1,149,000 Listed Price

Map


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270 Elk Hill Drive, Banner Elk, NC, 28604 is a Multi-Family Home for sale at $950,000 with 3,302 sqft and a lot size of 0.39. 270 Elk Hill Drive is a studio with 0.0 baths and was built in 1986. The property's zip code is 28604 which is in Banner Elk, NC