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520 Penny Lane Unit 1B

Banner Elk, NC 28604

2 beds
2 baths
1,573 sqft
436 sqft lot
$369 per sqft
2018 build
– on site

Experience refined mountain living in this stunning level-entry, 2 bedrooms, 2 baths, end-unit condo, perfectly situated just minutes from Banner Elk, Lees-McRae College, and the premier ski resorts of Beech and Sugar Mountain. Boasting superior soundproofing and high-end finishes throughout, this luxury residence offers both comfort and sophistication. Step into a spacious, open-concept layout featuring a gourmet kitchen with granite countertops, perfect for entertaining. Unwind in the primary ensuite a walk-in shower, and a walk-in closet with custom shelving. Enjoy cozy evenings by the natural gas fireplace or dine al fresco with a built-in outdoor grill while soaking in breathtaking long-range views. Additional highlights include natural gas heating, elegant design details, and a 30-day minimum rental policy, offering flexibility for both homeowners and investors. Truly a rare find in the High Country.

Listing courtesy of CMLS / Realty One Group Results-Boone

Last checked: Checking… • Last updated Apr 13, 2025 •

MLS# 4244171 —

The Building

Year Built:

2018
New Construction:

false
Construction Type:

Site Built
Subtype:

Condominium
Construction Materials:

Hardboard Siding, Stone
Unit Number:

1B
Roof:

Shingle
Foundation Details:

Slab
Levels:

One
Entry Level:

1
Basement:

false
Patio And Porch Features:

Covered, Rear Porch
Window Features:

Insulated Window(s)
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Above Grade Finished Area:

1573

Interior

Flooring:

Laminate, Tile
Living Area:

1573
Fireplace:

true
Fireplace Features:

Gas Vented, Living Room

Location

Directions:

GPS will get you to The Vistas, you will then drive to the end of the road to the top condo units and 520 Penny Lane 1B will be the first condo.
Latitude:

36.170927
Longitude:

-81.878216
Elevation:

3500

The Property

Type:

Residential
Lot Size Area:

0.01
Lot Size Units:

Acres
Zoning Specification:

None
Land Included:

No
Exterior Features:

Elevator
Horse Amenities:

None
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Asphalt, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

185913035412000
Tax Assessed Value:

446700

Beds

Bedrooms Total:

2
Bedroom Main:

2

Baths

Baths:

2
Full Baths:

2
Full Baths Main:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Forced Air, Natural Gas
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Natural Gas
Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

Dishwasher, Gas Range, Microwave, Refrigerator, Washer/Dryer
Laundry Features:

Main Level

Schools

Elementary School:

Banner Elk
Middle School:

Avery County
High School:

Avery County

The Community

Subdivision Name:

None
Association Name:

Vistas at Banner Elk COA
Association Fee:

$2,697
Association Fee Paid:

Annually
HOA Subject To:

Required
Senior Community:

false
Pets Allowed:

Yes

Parking

Parking Features:

Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

Extra Units

Second Living Quarters:

None

Monthly cost estimate

Asking price

$582,000

Expense	Monthly cost
Mortgage	$3,116
Taxes	N/A
Insurance	$160
HOA fees	$225
Utilities	$115 See report
Total	$3,616/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
4/11/25 Apr 11, 2025	Listed / Active	CMLS	$582,000

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Newest listings in Banner Elk, NC

This condo located in Banner Elk, NC 28604 is currently for sale for $582,000. 520 Penny Lane Unit 1B is a 1,573 square foot condo with 2 beds and 2 baths that has been on Estately for 4 days. This condo is in the attendance area of Cranberry Middle School and Banner Elk Elementary School.

Based on information submitted to the MLS GRID as of 4/15/2025 11:49 am. 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.