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$189,900
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Property Description
Affordable. Adorable. Investment-ready. Recently renovated, this turnkey mountain retreat offers an increasingly rare opportunity to own a piece of the High Country without compromising on location, charm, or income potential. With a proven short-term rental history, this property is equally appealing as an income-producing investment, a cozy personal retreat, a college getaway, or a full-time residence for individuals or couples looking to enjoy the mountain lifestyle. Perfectly positioned near the entrance to Ski Country, year-round adventure awaits just outside your door with easy access to skiing, snowboarding, hiking, mountain biking, golf, fishing, and endless outdoor recreation. Located just minutes from downtown Banner Elk, owners and guests can enjoy award-winning restaurants, boutique shopping, wineries, breweries, live music, seasonal festivals, and some of the area's most beloved attractions, including Sugar Mountain Resort, Beech Mountain Resort, Grandfather Mountain, and the scenic Blue Ridge Parkway. Beautifully maintained and offered fully furnished, this move-in-ready unit allows you to begin enjoying the mountain lifestyle-or generating rental income-from day one. Recent updates include fresh interior paint, renovated stairs and decks, and meticulous maintenance throughout, offering peace of mind for years to come. Inside, warm exposed wood beams and a classic wood-burning fireplace create the inviting mountain ambiance you've been dreaming of. The comfortable living space is the perfect place to gather after a day on the slopes or exploring the High Country, while the private deck invites you to sip your morning coffee, enjoy the sounds of nature, unwind with a glass of wine, or simply take in the peaceful mountain setting. Looking for even more flexibility? Unit B is also available for purchase (see MLS #263536), presenting a unique opportunity to own both units. With the potential to install an interior connecting door, the two could function as one larger residence-ideal for larger families, multi-generational living, expanded rental accommodations, or maximizing your investment potential. Whether you're searching for your first investment property, an affordable second home, or your own mountain escape, this exceptional property offers an opportunity to experience everything the North Carolina mountains have to offer-at a price point that's becoming increasingly hard to find.
Full Property Details
Full Property Details for 40 Hemlock Hills #A
General
- Price: $189,900
- HOA FEE: $222/month
- Taxes: $425
- Status: Active
- Type: Condo
- Source: 2217
- MLS ID: 263537
- Updated: 8/12/2026
- Added to Site: 53 day(s) ago
Interior
- Interior Features: Furnished, Window Treatments
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): One, Wood Burning
- Appliances: Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Exterior
- Exterior Features: Paved Driveway
Parking
- Parking Features: Driveway, No Garage, Paved, Private
Location
- Area: 8-Banner Elk
- County: Avery
- Subdivision: Ski Country
School Information
- Elementary School: Banner Elk
- High School: Avery County
Community
- Community Name: 8-Banner Elk
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Architectural Style: A-Frame, Chalet/Alpine
- Detached/Attached: Detached
- Construction: Wood Siding, Wood Frame
- Basement Desc.: None
- Roof: Asphalt, Shingle
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 499
- Living Area: 499 Sq. Ft.
- Finished Total: 499 Sq. Ft.
- Finished Above Grnd: 499 Sq. Ft.
- Year Built: 1983
Lot Features
- Frontage: Private Road, Paved
- Zoning: Residential
Financial Considerations
- Association Fee: $222
- Assoc Fee Freq.: Monthly
- Tax Amount: $425
- Terms: Cash, Conventional, FHA, New Loan, VA Loan
Disclosures and Reports
- Property ID: 1858-20-91-2012-00007-01
Listed by Premier Sotheby's International Realty- Banner Elk
Get Pre-Approved Today
Schools
Schools serving 40 Hemlock Hills #A
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 | 6.2 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 40 Hemlock Hills #A
Date
Details
Price
Change
Source
8/03/2026
Listed
$189,900
279.8%
MLS
1/23/2019
Sold
$50,000
—
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 40 Hemlock Hills #A
Year
Property Taxes
Change
Tax Assessment
Change
2025
$425
—
$106,200
—
2024
$425
—
$106,200
—
2023
$425
100%
$106,200
—
2022
-100%
$106,200
207%
2021
$190
—
$34,600
—
2019
$190
—
$34,600
—
2018
$190
2%
$34,600
2%
2017
$186
22%
$33,900
—
2016
$152
—
$33,900
—
2015
$152
-14%
$33,900
—
2014
$177
-25%
$33,900
-42%
2013
$236
—
$58,300
—
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 40 Hemlock Hills #A
40 Hemlock Hills #A, Banner Elk, NC 28604 (MLS# 263537) is a Condo property with 1 bedroom and 1 full bathroom. 40 Hemlock Hills #A is currently listed for $189,900 and was received on August 03, 2026. Want to learn more about 40 Hemlock Hills #A? 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.

