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.
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
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#: 254852
Originating 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

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.