552 Penny Lane 2B
Banner Elk, NC, 28604 $ 715,000
Bedrooms3 Baths3.0 Sq 2,167 Monthly Estimate*
$ 4,461
for $715,000 with 3 bedrooms and 3 full baths. This 2,167 square foot condo was built in 2016.
Welcome to this stunning 3-bedroom, 3-bathroom condo in The Vistas, where comfort, elegance, and convenience come together with breathtaking Grandfather Mountain views. Enjoy effortless access via elevator or stairs to this beautifully maintained home, offering the ease of single-level living while surrounded by high-end finishes and breathtaking scenery. Step into the inviting foyer, and be greeted by an inviting open-concept layout that seamlessly connects the kitchen, dining, and great room areas. Gorgeous wood flooring flows through the main living spaces, creating a warm and welcoming ambiance. Expansive windows and doors frame captivating mountain views, immediately drawing your eye to the natural beauty just beyond. This beautifully maintained home features a modern kitchen with granite countertops, abundant cabinetry and high end appliances. A vaulted ceiling and a striking stone fireplace with gas logs elevate the main living and dining area, providing a warm and cozy place to entertain guest or relax and enjoy a quiet evening by the fireplace. Retreat to the spacious primary suite, where you will wake up to breathtaking views. This serene space include a large walk-in closet and a luxurious ensuite bathroom with a jetted tub, a tiled walk-in shower with updated glass doors and generous space for comfort and relaxation. A second bedroom and end-suite bath offers a personal haven for guests. Upstairs, you'll find a lovely open loft-style sitting area—a peaceful retreat with more stunning views. An additional third bedroom with its own ensuite bathroom completes this level, offering a personal space for extended guests or family. Step outside to the expansive open-air covered deck for entertaining or simply relaxing. With a built-in gas grill, a locked storage area and plenty of space to dine or lounge, it’s the perfect spot to enjoy fresh mountain air and panoramic views. Additional features include a separate laundry room with sink, counter space and ample storage. Natural gas services the tankless water heater, fireplace, furnace and deck grill. Ideally located just minutes from downtown Banner Elk, Beech Mountain, Sugar Mountain, and easy access to golf courses, hiking trails, restaurants and shopping. Don’t miss your opportunity to call this incredible home your own! Unit is being sold unfurnished.
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FeaturesInteriorInterior Amenities TrayCeilings Elevator WindowTreatments
Total Fireplaces 1
Fireplace Features One Stone Gas
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features WindowTreatments
Fireplace Y/N Y
Above Grade Finished Area 2167.0
Half Baths 0
Laundry Features WasherHookup DryerHookup MainLevel
Total Bedrooms 3
Below Grade Finished Area 0.0
Total Baths 3
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GeneralSewer PublicSewer
Heating ForcedAir Fireplaces Gas Wood Zoned
Cooling CentralAir Zoned
Utilities HighSpeedInternetAvailable
Roof Architectural Shingle
Appliances Dryer Dishwasher ElectricRange GasWaterHeater MicrowaveHoodFan Microwave Refrigerator TanklessWaterHeater Washer
HOA Fee 3818.0
Patio/Porch Features Covered
Architectural Style Mountain
Construction Materials Hardboard StoneVeneer WoodFrame
Year Built 2016
View LongRange Mountains
Stories Count 2
Levels Two
Unit Number 2B
Property Subtype Condominium
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name The Vistas
Garage Y/N N
Building Features Elevators
Full Baths 3
Status Active
High School Avery County
City Banner Elk
Senior Community Y/N N
Zoning Description R2
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 4172.0
Home Warranty Y/N N
Middle/Junior High School Cranberry
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Property Sub Type Additional Condominium
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ExteriorExterior Amenities Elevator OutdoorGrill
Parking Features Driveway Paved SharedDriveway
Water Source Public
Lot Size Area 0.0
Foundation Details Slab
Spa N
Building Area Total 2167.0
Lot Size Acres 0.0
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type PrivateRoad
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByCentury 21 Mountain VistasBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,461
- Monthly Property Taxes
- $348
- 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.
Learn more about how to save NearbyCondo listings in Banner Elk, NC
Average List Price $485,177
Percent of Sale Price 32%
About Banner Elk, NC 902 Population
25% Since 2002
$ 51,966 Median Income
33.26 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
4062214 Elementary School
4062258 Middle School
Avery County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/31/2025 | $715,000 | -2.72% | Price Down |
| 10/15/2025 | $735,000 | -1.99% | Price Down |
| 8/13/2025 | $749,900 | | Listed Price |