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Sold for $575,000 on 06/18/25
  • $575,000

    520 Penny Lane UNIT 1B, Banner Elk, NC 28604

    2beds
    1,573sqft
    Condominium
    Built in 2018
    -- sqft lot
    $575,000 Zestimate®
    $366/sqft
    $-- Estimated rent

    What's special

    Experience refined mountain living in this stunning level-entry, end-unit condo, perfectly situated just minutes from Banner Elk, Lees-McRae College, and the premier ski resorts of Beech and Sugar Mountain. Boasting superior soundproofing and high-end finishes throughout, this luxury 2 bedroom/2 bath residence offers both comfort and sophistication. Step into a spacious, open-concept layout featuring a gourmet kitchen with granite countertops, great for entertaining. Unwind in the primary ensuite, complete with a walk-in shower, and a custom walk-in closet with built-in shelving. Enjoy cozy evenings by the natural gas fireplace or dine al fresco with a built-in outdoor grill while soaking in breathtaking long-range views. Additional highlights include natural gas heating, 9-foot ceilings, elegant design details, and a 30-day minimum rental policy, offering flexibility for both homeowners and investors. Whether you're looking for a full-time residence, a second home, or a luxury rental opportunity, this exceptional property blends mountain charm with upscale living—truly a rare find in the High Country.

    Zillow last checked: 7 hours ago

    Listing updated: June 19, 2025 at 12:36pm

    Listed by:

    James Condrey (828)385-0841,

    Realty One Group Results-Boone

    Bought with:

    Kimmy Tiedemann, 279258

    Keller Williams High Country

    Source: High Country AOR,MLS#: 254852MLS LogoOriginating MLS: High Country Association of Realtors Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Fireplace(s), Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
    • Laundry: Main Level
    Features
    • Carbon Monoxide Detector
    • Windows: Double Hung
    • Number of fireplaces: 1
    • Fireplace features: One, Stone, Vented, Gas
    Interior area
    • Total structure area: 1,573
    • Total interior livable area: 1,573 sqft
    • Finished area above ground: 1,573
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Asphalt, Driveway, No Garage
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Elevator, Outdoor Grill
    • Has view: Yes
    • View description: Long Range, Mountain(s)
    Details
    • Parcel number: 1859130354120001102

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Mountain
    • Property subtype: Condominium
    Materials
    • Hardboard, Stone, Wood Frame
    • Foundation: Slab
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 2018

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: High Speed Internet Available

    Community & neighborhood

    Community
    • Community features: Long Term Rental Allowed
    Location
    • Region: Banner Elk
    • Subdivision: The Vistas

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,697 annually

    Other

    Other facts
    • Listing terms: Cash,Conventional,New Loan
    • Road surface type: Paved
    Services availability
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