Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well-seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long term rentals accepted, and short term rentals could be a possibility.
Property Details
Property Features
Property Information:
Year Built: 1983
Living Area: 2,688 SqFt
Listing Office:
Office Name: Hyatt in the High Country Real
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
Basement: No
Fireplace: Gas
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Exterior Information:
View: Mountain(s)
Parking Information:
Attached Garage: No
Parking: Parking Lot
Utilities
Utilities Information:
Heating: Baseboard, Ductless
Cooling: Ductless, Other
School Info
Assigned Schools Information:
Avery High STEM Academy, Public District Grades 9-12
Avery Middle School, Public District Grades 6-8
Banner Elk Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Tynecastle Castle Highway heading toward Banner Elk. Elk Hill Drive will be a road on the right after Masters Touch Stone. Follow uo the hill through a curve condos will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $945,000
Price Per SqFt: $352/SqFt
HOA Fees:
Amount: $600
Frequency: Annually
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Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Banner Elk, NC.
This property is $670K more than the Median Sold Price and $62/SqFt more than other homes in Banner Elk, NC.
Based on homes sold in April 2024
MLS Details
MLS Information:
MLS Number: #4131331
Listing Office:
Office Name: Hyatt in the High Country Real
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Banner Elk Elementary School
155 Orchard Ln
Distance between this listing and this school0.19 miles
Public District Grades PK-5
Middle School
7
/10
Avery Middle School
102 Old Montezuma Rd
Distance between this listing and this school6.28 miles
Public District Grades 6-8
High School
9
/10
Avery High STEM Academy
401 High School Rd
Distance between this listing and this school6.36 miles
Public District Grades 9-12
Assigned Schools
8
/10
Banner Elk Elementary School
155 Orchard Ln
Distance between this listing and this school0.19 miles
Public District Grades PK-5
Nearby Schools
7
/10
Newland Elementary School
750 Linville St
Distance between this listing and this school5.57 miles
Public District Grades PK-5
9
/10
Freedom Trail Elementary School
6110 N Us Highway 19e
Distance between this listing and this school5.82 miles
Public District Grades PK-5
Assigned Schools
7
/10
Avery Middle School
102 Old Montezuma Rd
Distance between this listing and this school6.28 miles
Public District Grades 6-8
Nearby Schools
8
/10
Cranberry Middle School
6230 North Hwy 19e
Distance between this listing and this school5.83 miles
Public District Grades 6-8
7
/10
Valle Crucis Elementary School
2998 Broadstone Rd
Distance between this listing and this school6.31 miles
Public District Grades PK-8
Assigned Schools
9
/10
Avery High STEM Academy
401 High School Rd
Distance between this listing and this school6.36 miles
Public District Grades 9-12
Nearby Schools
5
/10
Avery County High School
401 High School Rd
Distance between this listing and this school6.36 miles
Public District Grades 9-12
4
/10
Crossnore Academy
129 Allen Circle
Distance between this listing and this school9.43 miles
The neighbors living near this home have an average income of $37,500. Typical income of Banner Elk, NC residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 218 Elk Hill Dr Unit 4, 6, 7, 8
What is the listing price of this property?
The listing price of 218 Elk Hill Dr Unit 4, 6, 7, 8 property is $945,000.
What type of property is this?
The property 218 Elk Hill Dr Unit 4, 6, 7, 8 is a condo located in Banner Elk, North Carolina, 28604.
Is this property for sale now?
Active Listing: 218 Elk Hill Dr Unit 4, 6, 7, 8 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 218 Elk Hill Dr Unit 4, 6, 7, 8 are: Banner Elk Elementary School: GreatSchools Rating 8/10Avery Middle School: GreatSchools Rating 7/10Avery High STEM Academy: GreatSchools Rating 9/10
How many bedrooms and bathrooms does this property have?
The property at 218 Elk Hill Dr Unit 4, 6, 7, 8 has 8 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 218 Elk Hill Dr Unit 4, 6, 7, 8 is 2,688 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 218 Elk Hill Dr Unit 4, 6, 7, 8 is 1983.
This home is located at 218 Elk Hill Dr Unit 4, 6, 7, 8 in Banner Elk, NC and zip code 28604. This 2,688 square foot home was built in 1983. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $945,000.
Banner Elk, NC housing market in April 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. Between March 2024 and April 2024, Banner Elk, NC real estate market has seen increase in the number of listings by 17.5%. The median list price of listings available in April 2024 was $275,000, while the average time on the real estate market was 72 days.
From Rocket Homes Real Estate and based on county public records data.
1 (855) 200-2001
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
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