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$582,500
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Property Description
Perfect location at the base of Beech Mtn and only 5 minutes to the heart of Banner Elk. A ground floor unit, this spacious, large 2-bedroom condo offers comfortable living and breathtaking long-range mountain views of Grandfather Mountain. From the moment you step inside, your eyes are drawn to the expansive sliding doors that frame the incredible long-range vistas, creating a living mural that changes with the seasons The open-concept living, dining, and kitchen area encourages togetherness, while the oversized patio provide a front-row seat to the stunning natural scenery. The open-concept layout is designed to maximize natural light and highlight the spectacular, long-range views visible from the spacious living area, primary bedroom and roomy patio. Enjoy a generous primary suite, an updated kitchen, and large laundry area all with the convenience of condo living. The oversized patio with built in gas grill, is a great space for outdoor dining or enjoying a glass of wine at sunset. This is your opportunity to own a piece of paradise, if you're seeking tranquility without sacrificing proximity to local amenities this one is for you. The condo has a special water filtration, security system, gas Rinnai water heater and custom wood blinds. Some furnishings are negotiable. 30 day minimum for rentals.
Full Property Details
Full Property Details for 325 Penny Ln #D1
General
- Price: $582,500
- HOA FEE: $247/month
- HOA FEE FREQ.: Annually
- Taxes: $3,757
- Status: Active
- Type: Condo
- Source: 2217
- MLS ID: 258394
- Updated: 11/17/2025
- Added to Site: 106 day(s) ago
Interior
- Interior Features: None
- Fireplace: Yes
- Fireplace(s): Stone
- Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Refrigerator, Tankless Water Heater, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Main Level
Exterior
- Exterior Features: Outdoor Grill
Parking
- Parking Features: No Garage
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
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Hardboard, Stone Veneer, Wood Frame
- Roof: Architectural, Shingle
- Stories/Levels: 1
- Living Area: 1,453 Sq. Ft.
- Finished Total: 1,453 Sq. Ft.
- Finished Above Grnd: 1,453 Sq. Ft.
- Year Built: 2012
Lot Features
- Property View: Long Range
- Frontage: Private Road, Paved
Financial Considerations
- Association Fee: $2,967
- Assoc Fee Freq.: Annually
- Tax Amount: $3,757
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1859-13-03-5412-00003-04
Listed by Keller Williams High Country
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Schools
Schools serving 325 Penny Ln #D1
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 1.9 mi |
Cranberry Middle School 6230 North US Highway 19E, Elk Park, NC 28622 | 6-8 | 5 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 325 Penny Ln #D1
Date
Details
Price
Change
Source
11/07/2025
Price Increased
$582,500
0.6%
MLS
10/27/2025
Price Reduced
$579,000
-0.6%
MLS
10/05/2025
Listed
$582,500
10.95%
MLS
6/23/2022
Sold
$525,000
—
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 325 Penny Ln #D1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,757
—
$436,900
—
2024
$3,757
115%
$436,900
—
2023
$1,748
100%
$436,900
—
2022
-100%
$436,900
47%
2021
$1,631
-50%
$296,500
—
2019
$3,291
1%
$296,500
—
2018
$3,262
12%
$296,500
15%
2017
$2,920
153%
$258,400
—
2016
$1,156
—
$258,400
—
2015
$1,156
-14%
$258,400
—
2014
$1,346
75%
$258,400
36%
2013
$770
—
$190,000
—
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 325 Penny Ln #D1
325 Penny Lane #D1, Banner Elk, NC 28604 (MLS# 258394) is a Condo property with 2 bedrooms and 2 full bathrooms. 325 Penny Lane #D1 is currently listed for $582,500 and was received on October 05, 2025. Want to learn more about 325 Penny Lane #D1? 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.

