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$749,000 Just Listed
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Property Description
This spacious and beautifully appointed mountain retreat truly has it all! Step inside to soaring vaulted ceilings and an inviting open-concept floor plan designed for gathering family and friends. The stunning kitchen features granite countertops, stainless steel appliances, and ample space for entertaining. The main level offers a spacious family room with a beautiful fireplace, two primary suites with baths, and an additional bedroom. Upstairs, guests will enjoy a loft gaming area perfect for relaxing after a day of adventure. The lower level provides exceptional flexibility with a second full kitchen featuring granite countertops and stainless steel appliances, three additional bedrooms, and a recreation area complete with a newly covered pool table. With accommodations for up to 14 guests, this property is ideal as a vacation home, rental investment, or full-time mountain getaway. One of the property's most desirable features is its location-walkable to downtown Banner Elk via the Greenway, giving you easy access to restaurants, breweries, shopping, parks, and popular summer concerts. Enjoy the convenience of leaving the car behind while still being tucked away in a beautiful mountain setting. For winter fun, you're less than five miles from Sugar Mountain Resort, offering skiing, snowboarding, tubing, and year-round mountain adventures. Whether you're searching for a mountain retreat, a high-performing short-term rental, or both, this exceptional property offers the perfect combination of location, space, and amenities. A rare opportunity to own a home that comfortably sleeps 14 guests while being walkable to everything Banner Elk has to offer!
Full Property Details
Full Property Details for 260 Balsam Ln
General
- Price: $749,000
- Taxes: $5,080
- Status: Active
- Type: Single Family
- Source: 2217
- MLS ID: 262410
- Updated: 6/5/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Furnished, Second Kitchen, Vaulted Ceiling(s)
- Fireplace: Yes
- Fireplace(s): Stone, Wood Burning
- Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave Hood Fan, Microwave, Washer
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, In Basement
Additional Information
- Spa: Yes
Exterior
- Exterior Features: Hot Tub/Spa
Parking
- Parking Features: No Garage
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: None
School Information
- Elementary School: Banner Elk
- High School: Avery County
Community
- Community Name: 8-Banner Elk
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: 1 Unit
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Chalet/Alpine
- Detached/Attached: Detached
- Construction: Stone, Wood Siding, Wood Frame
- Basement: Yes
- Basement Desc.: Finished
- Roof: Asphalt, Shingle
- Stories/Levels: 2
- Square Feet: 2,767
- Living Area: 2,767 Sq. Ft.
- Finished Total: 2,767 Sq. Ft.
- Finished Above Grnd: 1,624 Sq. Ft.
- Finished Below Grnd: 1,143 Sq. Ft.
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.38
- Lot Size: .38
- Road Maintenance: Public Maintained Road
Financial Considerations
- Tax Amount: $5,080
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 18591950270400000
Listed by Realty One Group Results-Banne
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Schools
Schools serving 260 Balsam Ln
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 1.1 mi |
Avery Middle 102 Old Montezuma Road, Newland, NC 28657 | 6-8 | 7.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 260 Balsam Ln
Date
Details
Price
Change
Source
6/04/2026
Listed
$749,000
25.88%
MLS
9/10/2021
Sold
$595,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 260 Balsam Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,957
—
$576,400
—
2024
$4,957
115%
$576,400
—
2023
$2,306
100%
$576,400
—
2022
-100%
$576,400
137%
2021
$1,339
-50%
$243,400
—
2019
$2,702
1%
$243,400
—
2018
$2,677
14%
$243,400
18%
2017
$2,338
153%
$206,900
—
2016
$925
—
$206,900
—
2015
$925
-14%
$206,900
—
2014
$1,078
7%
$206,900
-17%
2013
$1,012
—
$250,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 260 Balsam Ln
260 Balsam Lane, Banner Elk, NC 28604 (MLS# 262410) is a Single Family property with 6 bedrooms and 4 full bathrooms. 260 Balsam Lane is currently listed for $749,000 and was received on June 04, 2026. Want to learn more about 260 Balsam Lane? Do you have questions about finding other Single Family real estate for sale in Banner Elk? You can browse all Banner Elk real estate or contact a Coldwell Banker agent to request more information.

