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218 Elk Hill Drive Unit 4, 6, 7, 8

Banner Elk, NC 28604

8 beds
– baths
2,688 sqft
$292 per sqft
1983 build
– on site

Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well-seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long term rentals accepted, and short term rentals could be a possibility.

Listing courtesy of CMLS / Hyatt in the High Country Real

Last checked: Checking… • Last updated Dec 21, 2024 •

MLS# 4131331 —

The Building

Year Built:

1983
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Wood
# of Units Total:

4
Unit Number:

4, 6, 7, 8
Foundation Details:

Crawl Space
Basement:

false
Building Area Total:

2688
Above Grade Finished Area:

2688

Interior

Living Area:

2688
Fireplace:

true
Fireplace Features:

Gas

Location

Directions:

Tynecastle Castle Highway heading toward Banner Elk. Elk Hill Drive will be a road on the right after Masters Touch Stone. Follow uo the hill through a curve condos will be on your right.
Latitude:

36.1458327
Longitude:

-81.8595086
Elevation:

3500

The Property

Type:

Residential Income
Lot Size Units:

Acres
Zoning Specification:

R2
View:

Mountain(s)
Road Responsibility:

Private Maintained Road
Road Surface Type:

Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:

1858005461820004,0006,0007,0008
Tax Assessed Value:

348400

Beds

Bedrooms Total:

8

Baths

Full Baths:

4

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Baseboard, Ductless
Cooling:

Ductless, Other - See Remarks

Utilities

Sewer:

Public Sewer
Water Source:

Shared Well

Appliances

Appliances:

Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Laundry Features:

Common Area, In Unit, Other - See Remarks

Schools

Elementary School:

Banner Elk
Middle School:

Unspecified
High School:

Avery County

The Community

Association Fee:

$600
Association Fee Paid:

Annually
HOA Subject To:

Required
Senior Community:

false
Pets Allowed:

Yes

Parking

Parking Features:

Parking Lot
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
12/21/24 Dec 21, 2024	Sold Subject To Contingencies	CMLS	$785,000
10/23/24 Oct 23, 2024	Price Changed	CMLS	$785,000	-0.6%
9/23/24 Sep 23, 2024	Price Changed	CMLS	$790,000	-6.5%

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Newest listings in Banner Elk, NC

This multifamily located in Banner Elk, NC 28604 is currently for sale for $785,000. 218 Elk Hill Drive Unit 4, 6, 7, 8 is a 2,688 square foot multifamily with 8 beds and – baths that has been on Estately for 250 days. This multifamily is in the attendance area of Banner Elk Elementary School and Avery Middle School.

Based on information submitted to the MLS GRID as of 12/25/2024 12:48 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.