Banner Elk · Banner Elk, NC
248 Hillcrest Lane
Banner Elk, NC · 3,212 sqft
$949,000
Reduced from $975,000
- 4Beds
- 4Baths
- 3,212SqFt
- 2000Year
- 31Days on market
About this home
Perched just above the charming town of Banner Elk, this spacious home delivers the best of mountain living — peaceful enough to hear the leaves rustle, yet close enough to hear the music drifting up from the town park on Thursday summer evenings. In winter, skiing at Sugar Mountain and Beech Mountain awaits just 15 minutes away. Year-round, downtown Banner Elk's shops and restaurants are less than half a mile from your door. Arrive to ample parking and take just four easy steps up to the main level — single-level living if desired. The full-length rocking chair front porch sets the tone immediately, welcoming you to the mountains. Step inside to soaring vaulted ceilings and an open-concept living, dining, and kitchen area finished in a white-washed style that brings a fresh, modern feel. The kitchen offers a generous island with breakfast bar seating. There is a comfortable living area and a large dining table to seat everyone. And yes, the home is offered fully furnished, with just a few exceptions. The main level follows a split floorplan. On one side, the spacious primary suite features a bright, beautifully renovated bath and en-suite laundry — plus direct access to the full-length back deck, where views over the town of Banner Elk await. On the other side, two additional bedrooms each open to the front or back deck, and share a well-appointed bath. Every bedroom is genuinely spacious; no one draws the short straw here. The lower level offers tremendous flexibility — a huge living area, a fourth bedroom with seating area, and two full baths give guests or family members a retreat of their own- including a separate entrance from the driveway. On the lower back deck, you’ll find a concrete slab and wiring already in place for a hot tub. The oversized, attached two-car garage opens to this level. The owners have taken exceptional care of the home: a new roof (2019), sanded and stained (2020), new retaining wall and 1,000 gallon propane tank (2020), repaved driveway (2022), new water heaters (2026), a new A/C compressor (2026), and more! No HOA, and the home is on city water and sewer and a city maintained paved road. This home is move-in ready and built to last. Whether you're looking for a full-time mountain home, a vacation retreat, or an income-producing rental property, this home checks every box. When you can't be here — and you'll always wish you could — the rental potential is excellent.
Property details
- Beds
- 4
- Baths
- 4
- SqFt
- 3,212
- Lot
- —
- Year built
- 2000
- Type
- Single Family
- Days on market
- 31
- Garage
- 2
- Heating
- Central, Forced Air, Propane
- Cooling
- Central Air, Zoned
- Foundation
- Basement
- Flooring
- Carpet, Tile, Vinyl, Wood
- View
- City, Mountain(s)
Features
- Attic Other
- Breakfast Bar
- Kitchen Island
- Open Floorplan
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$6,984/ month
- Principal & interest
- $5,877
- Property tax (~1.05%)
- $830
- Homeowners insurance
- $276
- HOA dues
- —
Down payment
$47,450 down · $901,550 financed
Income to qualify (28% rule)
~$299,340 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.