This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
$549,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/29
Property Description
"¢ LOCATION, LOCATION, LOCATION! Walk along the Greenway to downtown Banner Elk's charming restaurants, shops, breweries, parks, and year-round events, while still offering the peaceful feel of a mountain retreat. Welcome to "A-Frame of Mind" - affectionately known by guests as Banner Elk's Favorite Little Cabin in the Trees! This charming and highly successful short-term rental is now ready for its next owner. Whether you're searching for a mountain getaway, investment property, or both, this every box. Situated on just under an acre, this 2-bedroom, 2-bath cabin offers approximately 1,402 sq ft of warm and inviting living space, plus a full unfinished basement already stubbed and ready for future expansion. The lower level also includes a one-car garage, abundant storage space, laundry room, and washer/dryer. The main level features an open and spacious living, dining, and kitchen area centered around a stunning wood-burning fireplace. It is truly the perfect gathering spot after a day in the mountains. Step outside onto the deck to enjoy your morning coffee or evening refreshments while dinner sizzles on the grill surrounded by peaceful wooded views. The large primary suite is conveniently located on the main level and includes a walk-in closet, owner's lockout closet, and spacious en suite bath with double vanities and over sized shower. Just off the primary bedroom is a second deck for reading, relaxing, or simply soaking in the mountain air. Upstairs, you'll find a loft overlooking the living room below for additional sleeping space, kids' hangout, or home office . The upstairs also features a second bedroom, walk-in closet, and full bath. *This property is being sold fully furnished and stocked with every essential. It is turnkey ready for your next getaway or to begin hosting your rental guests.
Full Property Details
Full Property Details for 340 Balsam Ln
General
- Price: $549,000
- Taxes: $1,224
- Status: Active
- Type: Single Family
- Source: 2217
- MLS ID: 261998
- Updated: Today (5/22/2026)
- Added to Site: Today
Interior
- Fireplace: Yes
- Fireplace(s): Wood Burning
- Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: In Basement
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Basement, Garage, One Car Garage
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: Eden's Gate
School Information
- Elementary School: Banner Elk
- High School: Avery County
Community
- Community Name: 8-Banner Elk
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless, 1 Unit
- Heating Type: Baseboard, Ductless, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: High Speed Internet Available
Structural Information
- Architectural Style: A-Frame, Mountain
- Detached/Attached: Detached
- Construction: Log Siding, Wood Siding, Wood Frame
- Basement: Yes
- Basement Desc.: Full
- Roof: Architectural, Shingle
- Stories/Levels: 2
- Square Feet: 2,430
- Living Area: 1,420 Sq. Ft.
- Finished Total: 1,420 Sq. Ft.
- Finished Above Grnd: 1,420 Sq. Ft.
- Year Built: 1996
Lot Features
- Lot Size (Acres): 0.93
- Lot Size: .93
- Road Maintenance: Public Maintained Road
Financial Considerations
- Tax Amount: $1,224
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1859-19-50-6574-00000
Listed by Claybank Investors
Get Pre-Approved Today
Schools
Schools serving 340 Balsam Ln
School District:Avery County Schools
| Name | Grades | Distance |
|---|---|---|
Banner Elk Elementary School 155 Orchard Lane, Banner Elk, NC 28604 | PK-5 | 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 340 Balsam Ln
Date
Details
Price
Change
Source
5/22/2026
Listed
$549,000
74.29%
MLS
6/28/2021
Sold
$315,000
—
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 340 Balsam Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,632
—
$306,000
—
2024
$2,632
115%
$306,000
—
2023
$1,224
—
$306,000
—
2022
$1,224
34%
$306,000
84%
2021
$915
-50%
$166,000
—
2019
$1,844
1%
$166,000
—
2018
$1,828
-6%
$166,000
-3%
2017
$1,944
153%
$171,900
—
2016
$769
—
$171,900
—
2015
$769
-14%
$171,900
—
2014
$896
15%
$171,900
-10%
2013
$778
—
$192,000
—
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 340 Balsam Ln
340 Balsam Lane, Banner Elk, NC 28604 (MLS# 261998) is a Single Family property with 2 bedrooms and 2 full bathrooms. 340 Balsam Lane is currently listed for $549,000 and was received on May 22, 2026. Want to learn more about 340 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.

