132 Heather Lane, Banner Elk, NC 28604
Local realty services provided by:CENTURY 21 Heritage Realty
132 Heather Lane,Banner Elk, NC 28604
$650,000
- 5 Beds
- 4 Baths
- 2,337 sq. ft.
- Single family
- Active
Listed by: mike pocisk
Office: exp realty llc.
MLS#:260222
Source:NC_HCAR
Price summary
- Price:$650,000
- Price per sq. ft.:$278.13
About this home
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.
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Home facts
- Year built:2006
- Listing ID #:260222
- Added:1 day(s) ago
- Updated:March 05, 2026 at 04:08 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Kitchen Description:Dishwasher, Disposal, Gas cooktop, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Finished, Full
- Living area:2,337 sq. ft.
Heating and cooling
- Heating:Forced Air, Propane
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:2006
- Building area:2,337 sq. ft.
- Lot area:0.95 Acres
- Construction Materials:Hardboard, Wood Frame
- Foundation Description:Basement
- Levels:3 Story
Schools
- High school:Avery County
- Elementary school:Banner Elk
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$278.13
- Tax amount:$1,358
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Carbon Monoxide Dectector, Furnished
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