INCREDIBLE PRICE IMPROVEMENT ON THIS BANNER ELK HOME!!! HIGHLY MOTIVATED SELLER!!! THIS VERY FAVORABLY LOCATED 3 BEDROOM, 2 BATH MOUNTAIN RANCH STYLE HOME WITH CONVENIENT ONE LEVEL LIVING IS A SHORT WALK TO EVERYTHING IN BANNER ELK! ALL DOWNTOWN AMENITIES INCLUDING DINING,SHOPPING, ENTERTAINMENT, TOWN PARK AND GREENWAY TRAILS, CHURCHES, LEES-McRAE COLLEGE AND ALL THAT BANNER ELK HAS TO OFFER IS EASILY ACCESSABLE. BIG STONE AND MASONRY FIREPLACE IS A WOOD BURNER, BUT CURRENTLY HAS VERY CONVENIENT GAS LOGS INSTALLED! THE PAVED DRIVEWAY LEADS RIGHT INTO THE BIG, ATTACHED 2-CAR GARAGE. THIS PROPERTY WOULD BE A GREAT INVESTMENT, RENTAL PROPERTY OR A COMFORTABLE PRIMARY RESIDENCE! VERY FEW SINGLE FAMILY RESIDENTIAL PROPERTIES IN THIS PRICE RANGE ARE AVAILABLE IN BANNER ELK, ESPECIALLY ONES WITH NO POA DUES TO PAY!! SELLER SAYS "BRING OFFERS" EASY TO SHOW!!
For sale
Price cut: $50K (6/4)
$548,500
281 OLD TURNPIKE RD. EAST, Banner Elk, NC 28604
3beds
1,664sqft
Single Family Residence
Built in 1992
10,454 Square Feet Lot
$529,400 Zestimate®
$330/sqft
$-- HOA
What's special
Convenient one level livingPaved driveway
- 190 days |
- 597 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
John Davis (828)898-9756,
Banner Elk Realty
Source: High Country AOR,MLS#: 259215
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Fireplace(s), Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Electric Cooktop, Exhaust Fan, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, Main Level
Features
- Attic, Skylights, Vaulted Ceiling(s)
- Windows: Skylight(s)
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: One, Gas, Stone, Wood Burning, Propane
Interior area
- Total structure area: 1,664
- Total interior livable area: 1,664 sqft
- Finished area above ground: 1,664
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Attached, Driveway, Garage, Two Car Garage, Paved, Private
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Multiple, Open
- Exterior features: Paved Driveway
Lot
- Size: 10,454 Square Feet
Details
- Parcel number: 185918413717
- Zoning description: R-1-U,Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain,Ranch
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed
- Subdivision: Sugar Tree Estates
HOA
- Has HOA: No
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $273,900
- Annual tax amount: $2,356
- Date on market: 11/28/2025
- Listing terms: Cash,New Loan
- Road surface type: Paved
Estimated market value
$529,400
$503,000 - $556,000
$2,413/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Price change | $548,500-8.4%$330/sqft |
Source:  High Country AOR #259215 Report a problem | ||
| 5/5/2026 | Price change | $598,500-7.9%$360/sqft |
Source: High Country AOR #259215 Report a problem | ||
| 4/8/2026 | Price change | $649,500-4.4%$390/sqft |
Source: High Country AOR #259215 Report a problem | ||
| 11/28/2025 | Listed for sale | $679,500+257.6%$408/sqft |
Source: High Country AOR #259215 Report a problem | ||
| 8/25/2011 | Sold | $190,000$114/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,096 | $273,900 |
| 2024 | $1,096 | $273,900 |
| 2023 | $1,096 -53.5% | $273,900 |
| 2022 | $2,356 +19.3% | $273,900 +54% |
| 2021 | $1,975 | $177,900 |
| 2020 | $1,975 | $177,900 |
| 2019 | $1,975 +0.9% | $177,900 |
| 2018 | $1,957 +100% | $177,900 -4.8% |
| 2017 | $978 +17.1% | $186,900 |
| 2016 | $836 | $186,900 |
| 2015 | $836 | $186,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 2/10Avery MiddleGrades: 6-8Distance: 7.5 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 7.4 mi
Schools provided by the listing agent
- Elementary: Banner Elk
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Avery County
- Banner Elk
- 28604
- 281 OLD TURNPIKE RD. EAST
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