260 Balsam Lane, Banner Elk, NC

$749,000

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5

Beds

4

Baths

2,905

Square feet

0.38

Acres

About 260 Balsam Lane

This spacious and beautifully appointed mountain retreat truly has it all! Step inside to soaring vaulted ceilings and an inviting open-concept floor plan designed for gathering family and friends. The stunning kitchen features granite countertops, stainless steel appliances, and ample space for entertaining. The main level offers a spacious family room with a beautiful fireplace, two primary suites with baths, and an additional bedroom. Upstairs, guests will enjoy a loft gaming area perfect for relaxing after a day of adventure. The lower level provides exceptional flexibility with a second full kitchen featuring granite countertops and stainless steel appliances, three additional bedrooms, and a recreation area complete with a newly covered pool table. With accommodations for up to 14 guests, this property is ideal as a vacation home, rental investment, or full-time mountain getaway. One of the property's most desirable features is its location—walkable to downtown Banner Elk via the Greenway, giving you easy access to restaurants, breweries, shopping, parks, and popular summer concerts. Enjoy the convenience of leaving the car behind while still being tucked away in a beautiful mountain setting. For winter fun, you're less than five miles from Sugar Mountain Resort, offering skiing, snowboarding, tubing, and year-round mountain adventures. Whether you're searching for a mountain retreat, a high-performing short-term rental (2026 year to date gross 27,817), or both, this exceptional property offers the perfect combination of location, space, and amenities. A rare opportunity to own a home that comfortably sleeps 14 guests while being walkable to everything Banner Elk has to offer!

Features of 260 Balsam Lane

MLS® # 262410
Price $749,000
Bedrooms 5
Bathrooms 4.00
Full Baths 4
Square Footage 2,905
Acres 0.38
Year Built 1970
Type Residential
Sub-Type Single Family Residence
Style Chalet/Alpine
Status Active

Community Information

Address 260 Balsam Lane
Area 8-Banner Elk
Subdivision None
City Banner Elk
County Avery
Province NC
Postal Code 28604

Amenities

Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Interior Features Furnished, Second Kitchen, Vaulted Ceiling(s)
Appliances Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave Hood Fan, Microwave, Washer
Heating Electric, Heat Pump
Cooling 1 Unit
Fireplace Yes
Fireplaces Stone, Wood Burning
# of Stories 2
Stories Two
Has Basement Yes
Basement Finished

Exterior

Exterior Stone, Wood Siding, Wood Frame
Exterior Features Hot Tub/Spa
Roof Asphalt, Shingle
Construction Stone, Wood Siding, Wood Frame
Foundation Basement, Slab

School Information

Elementary Banner Elk
High Avery County

Additional Information

Date Listed June 4th, 2026
Days on Market 29
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRealty One Group Results-Banne
Contact Info(704) 467-3214

Listing Map

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