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260 Balsam Lane

Banner Elk NC 28604

5
4
2905 sq. ft.
0.38 ac.
Single-Family
Currently for sale - view listing

Overview

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

5 bedrooms
4 bathrooms
2905 sq. ft. floor area
0.38 ac. lot size
Single-Family

Property history for 260 Balsam Lane

2021
Sold
$595,000
13 Sep 2021 by Amanda Sorrow
2017
Sold
$250,000
03 Nov 2017 by Marjorie Hyatt, of Hyatt In The High Country, Inc.

Happy sellers in Banner Elk

87%
87% of sellers in Banner Elk reported that their sale price either exceeded or met their price expectations.

Banner Elk stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Banner Elk over the last 12 months.

Local market activity for 5 bedroom single-family properties in Banner Elk

In the last 12 months, 21 five-bedroom single-family properties similar to 260 Balsam Lane, have been sold.

This represents a 5% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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