270 Elk Hill Drive
Banner Elk, NC, 28604 $ 875,000
Bedrooms6 Baths6.0 Sq 3,302 Monthly Estimate*
$ 5,525
for $875,000 with 6 bedrooms and 6 full baths. This 3,302 square foot home was built in 1986 on a lot size of 0.39.
Beautifully renovated property with incredible views of Banner Elk, Sugar Mountain, and Beech Mountain! Originally designed as two three-bedroom, three-bath units, the property is currently configured as four separate living spaces: two upper two-bedroom, two-bath units and two lower efficiency apartments. The spacious upper units feature vaulted ceilings, fireplaces, lofts, full kitchens, washer/dryers, window treatments, and mini-split systems. The upper-left unit has two mini-splits, while the upper-right unit has three. Both upper units are being sold furnished, with the exception of select artwork, décor, and the sellers’ personal belongings. Each lower efficiency apartment includes a full kitchen with an electric range, refrigerator, garbage disposal, washer/dryer, full bathroom, and private deck. The efficiencies are being sold unfurnished and are currently rented. Completely renovated since purchase, this versatile property offers numerous possibilities and may be ideal as a duplex, triplex, four-unit rental property, spacious private residence, multigenerational home, guest accommodations, or employee housing. A detailed list of improvements for each unit is available in the documents folder. Additional features include two fireplaces, a 384-square-foot clean, unheated storage room located behind the lower-right efficiency, a covered carport accommodating approximately three vehicles, and additional parking on the adjoining vacant 0.11-acre parcel. The property and additional lot total approximately 0.39 acres. Electricity is currently metered as a duplex, and the annual road maintenance fee is $540. Conveniently located near ski resorts, restaurants, shopping, parks, and other High Country attractions, this property presents an excellent opportunity for an investor or anyone seeking flexible living and rental options. The virtual tour includes only the two upper two-bedroom, two-bath units. The lower efficiencies are shown in photographs only due to tenant occupancy and personal belongings. Advance notice is required to show the units. Tenants are month to month.
See more
List ByBlue Ridge Realty & Inv. - Banner ElkBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,525
- Monthly Property Taxes
- $76
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 NearbySingle family listings in Banner Elk, NC
Average List Price $2,116,186
Percent of Sale Price 142%
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
4062210 Middle School
Avery County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/1/2026 | $875,000 | | Listed Price |