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$220,000
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Property Description
Recently renovated, turnkey, and full of potential, this inviting mountain retreat offers an exceptional opportunity to own an affordable slice of the High Country. With a strong history as a successful short-term rental, this furnished getaway is ideal as an investment property, weekend escape, college retreat, or full-time residence for those seeking a relaxed mountain lifestyle. Conveniently located at the entrance to Ski Country, adventure is always within easy reach. Spend your days skiing and snowboarding at nearby Sugar Mountain and Beech Mountain Resorts, hiking scenic trails, mountain biking, fishing, golfing, or exploring the endless outdoor recreation the High Country is known for. Just minutes away, downtown Banner Elk offers award-winning dining, boutique shopping, wineries, breweries, live entertainment, seasonal festivals, and easy access to Grandfather Mountain and the Blue Ridge Parkway. Offered fully furnished and move-in ready, this well-maintained unit allows you to begin enjoying the property-or welcoming guests-immediately. Recent improvements, including fresh interior paint and beautifully renovated stairs and decks, complement the home's excellent condition and make ownership effortless. Inside, rustic exposed wood beams and a cozy wood-burning fireplace create the warm mountain character that makes this home feel like a true retreat. The comfortable living area is the perfect place to relax after a day of adventure, while the private deck provides a peaceful outdoor escape for morning coffee, evening cocktails, or simply enjoying the sights and sounds of the surrounding mountains. Looking for additional space or an even greater investment opportunity? Unit A is also available for purchase (see MLS #263537), creating the rare opportunity to own both sides. With the potential to add an interior connecting door, the two units could function as one larger residence-ideal for multi-generational living, larger groups, expanded rental accommodations, or maximizing your investment potential. Whether you're looking to expand your investment portfolio, purchase an affordable second home, or enjoy your own mountain getaway, this charming property offers outstanding value in one of the High Country's most desirable locations.
Full Property Details
Full Property Details for 40 Hemlock Hills #B
General
- Price: $220,000
- HOA FEE: $222/month
- Taxes: $377
- Status: Active
- Type: Condo
- Source: 2217
- MLS ID: 263536
- Updated: 8/6/2026
- 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 Cooktop, Electric Water Heater, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Exterior
- Exterior Features: Paved Driveway
- Porch/Patio/Deck: Open
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, High Speed Internet 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: 998
- 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: $377
- Terms: Cash, Conventional, FHA, New Loan, VA Loan
Disclosures and Reports
- Property ID: 1858-20-91-2012-00007-02
Listed by Premier Sotheby's International Realty- Banner Elk
Get Pre-Approved Today
Schools
Schools serving 40 Hemlock Hills #B
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 #B
Date
Details
Price
Change
Source
8/03/2026
Listed
$220,000
238.46%
MLS
2/18/2021
Sold
$65,000
—
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 #B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$354
—
$88,500
—
2024
$354
—
$88,500
—
2023
$354
-6%
$88,500
—
2022
$375
88%
$88,500
156%
2021
$200
-1%
$34,600
—
2019
$203
—
$34,600
—
2018
$202
3%
$34,600
2%
2017
$197
23%
$33,900
—
2016
$160
—
$33,900
—
2015
$160
-35%
$33,900
-42%
2013
$247
—
$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 #B
40 Hemlock Hills #B, Banner Elk, NC 28604 (MLS# 263536) is a Condo property with 1 bedroom and 1 full bathroom. 40 Hemlock Hills #B is currently listed for $220,000 and was received on August 03, 2026. Want to learn more about 40 Hemlock Hills #B? 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.

