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Jade Isenhour

jvisenhour0927@gmail.com +1(828) 217-2870

$ 630,000

Est. payment | -/mo

5 Beds

4 Baths

2,336 SqFt

Save

$ 630,000

Est. payment | -/mo

Save

5 Beds

4 Baths

2,336 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,336 sqft

Price per Sqft $269

Subdivision The Highlands

MLS Listing ID 4356600

Bedrooms 5

Full Baths 3

Half Baths 1

Abv Grd Liv Area 1,494

Year Built 2006

Lot Size 0.950 Acres

Acres 0.95

Property Sub-Type Single Family Residence

Property Description

Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.

Location

State NC

County Avery

Zoning r

Rooms

Basement Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access, Walk-Up Access

Primary Bedroom Level Main

Main Level Bedrooms 1

Main Level Kitchen

Main Level Primary Bedroom

Main Level Living Room

Main Level Bathroom-Full

Main Level Dining Area

Upper Level Bedroom(s)

Upper Level Bathroom-Full

Upper Level Bathroom-Half

Basement Level Bedroom(s)

Basement Level Bathroom-Full

Basement Level Recreation Room

Interior

Heating Forced Air

Cooling None

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Refrigerator, Washer, Washer/Dryer

Laundry In Basement

Exterior

Exterior Feature Hot Tub

Street Surface Gravel

Garage false

Building

Lot Description Sloped

Dwelling Type Site Built

Foundation Basement

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Hardboard Siding

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Listed by Mike Pocisk • EXP Realty LLC • mikepocisk@gmail.com

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(828) 217-2870

jvisenhour0927@gmail.com

132 Heather LN Banner Elk, NC 28604