UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,337 sqft
Price per Sqft $269
Subdivision The Highlands
MLS Listing ID 260222
Style Cape Cod,Modular/Prefab
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 1,495
Year Built 2006
Annual Tax Amount $1,358
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Single Family Residence
Property Description
The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors.
Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage.
The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests.
This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments.
Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.
Location
State NC
County Avery
Community Long Term Rental Allowed, Short Term Rental Allowed
Area 8-Banner Elk
Rooms
Basement Full, Finished, Walk-Out Access
Interior
Interior Features Carbon Monoxide Detector, Furnished
Heating Forced Air, Propane
Cooling None
Fireplaces Type None
Fireplace No
Appliance Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer
Laundry Upper Level
Exterior
Exterior Feature Hot Tub/Spa, Gravel Driveway
Parking Features Driveway, Gravel, No Garage, Private
Community Features Long Term Rental Allowed, Short Term Rental Allowed
Utilities Available Cable Available, High Speed Internet Available
View Y/N Yes
Water Access Desc Public
View Seasonal View, Trees/Woods
Roof Type Asphalt,Shingle
Building
Story 3
Entry Level Three Or More
Foundation Basement
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Modular/Prefab
Level or Stories Three Or More
Schools
Elementary Schools Banner Elk
High Schools Avery County
Others
Tax ID 184900913396
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
NEARBY SCHOOL & BUSINESS
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