340 Balsam Lane Banner Elk, NC $ 549,000
340 Balsam Lane
$ 549,000
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340 Balsam Lane

Banner Elk, NC, 28604
$ 549,000
Bedrooms2 Baths2.0 Sq 1,420

Monthly Estimate*

$ 3,380

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Single Family Home for sale in Banner Elk, NC

for $549,000 with 2 bedrooms and 2 full baths. This 1,420 square foot home was built in 1996 on a lot size of 0.93.

• LOCATION, LOCATION, LOCATION! Walk along the Greenway to downtown Banner Elk’s charming restaurants, shops, breweries, parks, and year-round events, while still offering the peaceful feel of a mountain retreat. Welcome to “A-Frame of Mind” — affectionately known by guests as Banner Elk’s Favorite Little Cabin in the Trees! This charming and highly successful short-term rental is now ready for its next owner. Whether you’re searching for a mountain getaway, investment property, or both, this every box. Situated on just under an acre, this 2-bedroom, 2-bath cabin offers approximately 1,402 sq ft of warm and inviting living space, plus a full unfinished basement already stubbed and ready for future expansion. The lower level also includes a one-car garage, abundant storage space, laundry room, and washer/dryer. The main level features an open and spacious living, dining, and kitchen area centered around a stunning wood-burning fireplace. It is truly the perfect gathering spot after a day in the mountains. Step outside onto the deck to enjoy your morning coffee or evening refreshments while dinner sizzles on the grill surrounded by peaceful wooded views. The large primary suite is conveniently located on the main level and includes a walk-in closet, owner’s lockout closet, and spacious en suite bath with double vanities and over sized shower. Just off the primary bedroom is a second deck for reading, relaxing, or simply soaking in the mountain air. Upstairs, you’ll find a loft overlooking the living room below for additional sleeping space, kids’ hangout, or home office . The upstairs also features a second bedroom, walk-in closet, and full bath. *This property is being sold fully furnished and stocked with every essential. It is turnkey ready for your next getaway or to begin hosting your rental guests.

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Single Family Active

Price

$ 549,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 1,224

Style

Lot Size

0.93

Year Built

1996

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

261998

List By
Claybank Investors

Broker

tom@tomgolder.com

Email

Affordability Calculator

$3,482
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,380
Monthly Property Taxes
$102
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5/22/2026$549,000 Listed Price

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340 Balsam Lane, Banner Elk, NC, 28604 is a Single Family Home for sale at $549,000 with 1,420 sqft and a lot size of 0.93. 340 Balsam Lane has 2 bedrooms, 2.0 baths, and was built in 1996. The property's zip code is 28604 which is in Banner Elk, NC