40 Painter Road, Banner Elk, NC 28604
Local realty services provided by:CENTURY 21 First Choice Realty
Listed by: michelle griffin
Office: high country resort properties
MLS#:4337403
Source:CH
Price summary
- Price:$272,500
- Price per sq. ft.:$554.99
About this home
Historic Farmhouse in Banner Elk with Strong Short Term Rental Performance. This early 1900s farmhouse offers far more usable space than the 491 sq ft listed on paper. Due to ceiling heights under 7 feet, only a portion is counted, yet the home provides over 1,500 sq ft of functional living space. From practical bedrooms to flexible gathering areas, the layout delivers comfort, efficiency, and plenty of room to accommodate guests. Located just minutes from Banner Elk town center, the property blends historic character with modern-day appeal. Guests consistently rave about the central location, with Banner Elk Winery only 1 mile away and two ski slopes within 5 miles. It’s been well maintained, retains its original charm, and offers a unique setting that continues to attract travelers looking for something memorable and authentic. For investors, the numbers speak for themselves. This home is already established on Airbnb and VRBO. It holds all 5 star reviews on Airbnb and benefits from an experienced Superhost who has built strong visibility and consistent demand. The next owner steps into a turnkey short term rental with proven performance and immediate income potential. The home is being sold fully furnished, making onboarding simple whether you plan to continue operating it as a high performing short term rental, use it as a personal getaway, or both. Its proximity to recreation, restaurants, wineries, and year round attractions further strengthens its rental appeal. If you’re looking for a well positioned investment with character, reliable returns, and room to grow, this Banner Elk farmhouse deserves a close look. It’s a unique asset with a story, strong momentum, and the kind of charm guests continue to rave about.
Contact an agent
Home facts
- Year built:1909
- Listing ID #:4337403
- Updated:January 18, 2026 at 12:10 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Living area:491 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Baseboard, Ductless
Structure and exterior
- Year built:1909
- Building area:491 sq. ft.
- Lot area:0.95 Acres
Schools
- High school:Avery County
- Elementary school:Banner Elk
Utilities
- Water:Well
- Sewer:Septic (At Site)
Finances and disclosures
- Price:$272,500
- Price per sq. ft.:$554.99
New listings near 40 Painter Road
- New
$139,000Active0.27 AcresLot #39 King Lucious Lane, Banner Elk, NC 28604
MLS# 259670Listed by: BLUE RIDGE REALTY & INV. BLOWING ROCK
$1,495,000Active4 beds 4 baths3,367 sq. ft.487 Klonteska Drive, Banner Elk, NC 28604
MLS# 259412Listed by: THE SUMMIT GROUP OF THE CAROLINAS
$429,500Active2 beds 2 baths1,520 sq. ft.136-D Wapiti Way #9-D, Banner Elk, NC 28604
MLS# 259390Listed by: HARRY BERRY REALTY
$79,500Active0.37 AcresLot 75 Liberty Lane, Banner Elk, NC 28604
MLS# 259383Listed by: BEAR REAL ESTATE
$299,900Pending3 beds 2 baths1,280 sq. ft.1929 Sugar Mountain Drive, Sugar Mountain, NC 28604
MLS# 259197Listed by: MOUNTAINSCAPE REALTY
$1,175,000Active3 beds 3 baths1,493 sq. ft.226 & 228 Beech Haven Road, Banner Elk, NC 28604
MLS# 258672Listed by: KELLER WILLIAMS HIGH COUNTRY
$679,500Active3 beds 2 baths1,664 sq. ft.281 Old Turnpike Rd. East, Banner Elk, NC 28604
MLS# 259215Listed by: BANNER ELK REALTY
$88,500Active0.23 AcresLot 7 Running Bear Circle, Banner Elk, NC 28604
MLS# 259077Listed by: REALTY ONE GROUP RESULTS-BANNE
$150,000Active0.44 AcresLot 36 Running Bear Circle, Banner Elk, NC 28604
MLS# 259139Listed by: THE SUMMIT GROUP OF THE CAROLINAS
$120,000Active0.29 AcresLot #65 Orchard Lane, Banner Elk, NC 28604
MLS# 259049Listed by: BLUE RIDGE REALTY & INV. BLOWING ROCK