This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/36
$750,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/36
Property Description
LONG-RANGE SOUTHERLY & GRANDFATHER MOUNTAIN VIEWS - OVER 4,000' ELEVATION & JUST 2 MINUTES TO BANNER ELK make this condo one of the most desirable in the HIGH COUNTRY! Experience the beauty of the High Country from this beautifully appointed 3 BEDROOM - 3 BATH CONDO with ELEVATOR making convenience a breeze! Perched at over 4,000 feet in elevation, this mountain retreat combines breathtaking scenery with an incredibly convenient location-just a short 2-minute drive to the Town of Banner Elk, where dining, shopping, festivals and year-round mountain adventures await. The seller has thoughtfully upgraded the interior with warm wood vaulted ceilings and wood shutters throughout adding character and a timeless mountain feel. The main level welcomes you with soaring ceilings, an inviting family room centered around a stone gas fireplace and expansive windows that draw your eyes toward the spectacular mountain views. The well-appointed kitchen features granite countertops, stainless steel appliances, a gas range and a large eat-in bar. A first-floor laundry room adds convenience, while an additional guest bedroom and full bath provide comfortable accommodations for visiting family and friends. Upstairs, a spacious loft creates the perfect flex space for reading, relaxing, an office or an additional gathering area. The third bedroom and full bath complete the upper level. Step outside and take in the beauty of the Blue Ridge mountains from the expansive deck that also offers a gas grill. The southerly long-range views at this elevation and in this Banner Elk location are hard to find making this a special opportunity to own a piece of the High Country. Whether you're looking for a mountain getaway, a full-time residence, or a place to create years of unforgettable memories, this condo delivers the combination of views, high elevation and an unbeatable location you've been searching for.
Full Property Details
Full Property Details for 618 Penny Ln #2B
General
- Price: $750,000
- HOA FEE: $350/month
- HOA FEE FREQ.: Annually
- Taxes: $4,172
- Status: Active
- Type: Condo
- Source: 2217
- MLS ID: 264431
- Updated: Today (9/18/2026)
- Added to Site: Today
Interior
- Interior Features: Cathedral Ceiling(s), Elevator, Furnished, Window Treatments
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): One, Stone, Gas
- Appliances: Dryer, Dishwasher, Gas 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
- Exterior Features: Elevator
- Porch/Patio/Deck: Covered, Multiple
Parking
- Parking Features: No Garage, Paved, Shared 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
- Utility Description: High Speed Internet Available
Structural Information
- Architectural Style: Mountain
- Detached/Attached: Detached
- Construction: Concrete, Stone Veneer, Wood Frame
- Roof: Asphalt, Shingle
- Windows: Window Treatments
- Stories/Levels: 2
- Square Feet: 2,087
- Living Area: 2,087 Sq. Ft.
- Finished Total: 2,087 Sq. Ft.
- Finished Above Grnd: 2,087 Sq. Ft.
- Year Built: 2018
- Other Struct. Feat.: Elevator(s)
Lot Features
- Property View: Long Range, Mountain(s), Southern Exposure
- Road Maintenance: Public Maintained Road
- Zoning: Residential
Financial Considerations
- Association Fee: $4,198
- Assoc Fee Freq.: Annually
- Tax Amount: $4,172
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 1859-13-03-5412-00014-04
Listed by Blue Ridge Realty & Investment
Get Pre-Approved Today
Schools
Schools serving 618 Penny Ln #2B
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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 618 Penny Ln #2B
Date
Details
Price
Change
Source
9/18/2026
Listed
$750,000
48.22%
MLS
6/07/2019
Sold
$506,000
—
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 618 Penny Ln #2B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,172
—
$485,100
—
2024
$4,172
115%
$485,100
—
2023
$1,940
—
$485,100
—
2022
$1,940
-23%
$485,100
5%
2021
$2,531
—
$460,100
—
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 618 Penny Ln #2B
618 Penny Lane #2B, Banner Elk, NC 28604 (MLS# 264431) is a Condo property with 3 bedrooms and 3 full bathrooms. 618 Penny Lane #2B is currently listed for $750,000 and was received on September 18, 2026. Want to learn more about 618 Penny Lane #2B? 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.

