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Back 1B/520 Penny Lane
Off Market

1B/520 Penny Lane

Banner Elk NC 28604

2
2
1573 sq. ft.
Condo
Last sold for $575,000
James CondreyJames Condrey, last sold this property on 18 June 2025 after 565 days on market.

Overview

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.

Features

2 bedrooms
2 bathrooms
1573 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Banner Elk over the last 12 months, the estimated median property value of 1B/520 Penny Lane is $305k.

Median value
$305k
Estimated value range
$144k - $729k
Median days on market
106
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Banner Elk. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1B/520 Penny Lane

2025
Sold
$575,000
18 Jun 2025 by James Condrey, of Realty One Group Results-Boone

Happy sellers in Banner Elk

~%

We have insufficient information to provide an overview of customer satisfaction for Banner Elk. Viewing the agent profiles, reviews and sales for Banner Elk can provide insights for this location.

Local market activity for 2 bedroom condos in Banner Elk

In the last 12 months, 115 two-bedroom condos similar to 1B/520 Penny Lane, have been sold.

This represents a 6% increase in two-bedroom condos sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Banner Elk

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Theresa Gatewood

Sellers who recommend Theresa Gatewood have praised them for being local expert, clear communication, responsive, well-prepared, friendly, detail-oriented, and strategic

  •   5   (101 reviews)
  •  7 Reviews in Banner Elk
  •  8 Sales in Banner Elk
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Jon Gatewood

Sellers who recommend Jon Gatewood have praised them for being local expert, clear communication, responsive, detail-oriented, great negotiation, attentive, and supportive

  •   5   (82 reviews)
  •  6 Reviews in Banner Elk
  •  9 Sales in Banner Elk
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Lyn Hunter

Sellers who recommend Lyn Hunter have praised them for being local expert, responsive, clear communication, patient, supportive, hard-working, and dedicated

  •   5   (75 reviews)
  •  3 Reviews in Banner Elk
  •  4 Sales in Banner Elk
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Traci Artus

Sellers who recommend Traci Artus have praised them for being local expert, responsive, clear communication, dedicated, detail-oriented, reliable, and hard-working

  •   5   (60 reviews)
  •  3 Reviews in Banner Elk
  •  3 Sales in Banner Elk
View profile
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