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$749,000
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Property Description
Luxury mountain living at its finest where unobstructed long-range views of Grandfather and Sugar Mountains will welcome you with morning coffee and evenings enjoying time on the large outdoor deck! This sought after first row upper 2 story condo has the largest floor plan in the community! Enjoy the option of either the first floor primary bedroom with a walk-in closet and whirlpool bathtub or the large ensuite primary bedroom on the second floor with an additional sitting area, large walk-in closet, additional small living room and an extra storage closet. This open concept designed condo includes a generous dining area, granite countertop with bar seating, a custom built wine room with wine refrigerator and spacious living room with vaulted ceilings. Enjoy the high-quality workmanship of the large stone gas fireplace that transposes the living area into your ideal mountain retreat. A true luxury condo, equipped with beautiful granite counters in the kitchen and baths, electric oven range which can be upgraded to gas, wood flooring, travertine floors in the bathrooms, superior soundproofing, solid core doors and upgraded stainless steel appliances. Natural gas keeps heating costs reasonable and is paired with a Rinnai tankless water heater. Ideally situated 5 minutes from charming downtown Banner Elk with summer theater, local shops and fabulous dining, and also near Beech Mountain with winter skiing, biking, hiking, summer concert series and outdoor activities. Offered fully furnished except for wall art. If you are looking for a summer retreat or a winter ski lodge, this is a must see consideration.
Full Property Details
Full Property Details for 311 Penny Ln #2D
General
- Price: $749,000
- HOA FEE: $350/month
- HOA FEE FREQ.: Annually
- Taxes: $4,980
- Status: Active
- Type: Condo
- Source: 2217
- MLS ID: 259265
- Updated: 1/3/2026
- Added to Site: 39 day(s) ago
Interior
- Interior Features: Furnished, Jetted Tub, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): One, Stone, Vented, Gas
- Appliances: Electric Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Main Level
Exterior
- Porch/Patio/Deck: Covered
Parking
- Parking Features: Driveway
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: The Vistas
School Information
- Elementary School: Banner Elk
- High School: Avery County
Community
- Community Name: 8-Banner Elk
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, 1 Unit
- Heating Type: Forced Air, Fireplace(s), Gas, Wood
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, High Speed Internet Available
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Hardboard, Stone Veneer, Wood Frame
- Roof: Architectural, Shingle
- Stories/Levels: 2
- Square Feet: 2,264
- Living Area: 2,264 Sq. Ft.
- Finished Total: 2,264 Sq. Ft.
- Finished Above Grnd: 2,264 Sq. Ft.
- Year Built: 2008
Lot Features
- Property View: Long Range, Mountain(s), Southern Exposure
- Frontage: Private Road, Paved
- Road Maintenance: Public Maintained Road
Financial Considerations
- Association Fee: $4,198
- Assoc Fee Freq.: Annually
- Tax Amount: $4,980.27
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1859130354120000108
Listed by Engel & Volkers Banner Elk
Get Pre-Approved Today
Schools
Schools serving 311 Penny Ln #2D
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 1.8 mi |
Cranberry Middle School 6230 North US Highway 19E, Elk Park, NC 28622 | 6-8 | 5.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 311 Penny Ln #2D
Date
Details
Price
Change
Source
12/10/2025
Listed
$749,000
26.95%
MLS
9/29/2021
Sold
$590,000
—
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 311 Penny Ln #2D
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,927
—
$572,900
—
2024
$4,927
115%
$572,900
—
2023
$2,292
100%
$572,900
—
2022
-100%
$572,900
46%
2021
$2,154
-50%
$391,600
—
2019
$4,347
1%
$391,600
—
2018
$4,308
16%
$391,600
19%
2017
$3,729
153%
$330,000
—
2016
$1,476
—
$330,000
—
2015
$1,476
-14%
$330,000
—
2014
$1,719
12%
$330,000
-13%
2013
$1,528
—
$377,200
—
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 311 Penny Ln #2D
311 Penny Lane #2D, Banner Elk, NC 28604 (MLS# 259265) is a Condo property with 3 bedrooms and 3 full bathrooms. 311 Penny Lane #2D is currently listed for $749,000 and was received on December 10, 2025. Want to learn more about 311 Penny Lane #2D? Do you have questions about finding other Condo 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.

