Banner Elk · Banner Elk, NC
560 Laurel Ridge Road
Banner Elk, NC · 600 sqft
$344,900
Reduced from $349,900
- 2Beds
- 1Baths
- 600SqFt
- 1973Year
- 21Days on market
About this home
Tucked among the trees with a true treehouse feel, this charming roundhouse retreat in Mill Ridge captures the kind of mountain escape buyers are searching for—cozy, distinctive, and built for both enjoyment and income potential. This 2-bedroom, 1-bath home stands out with its unique circular design and inviting interior, creating a warm, memorable space that guests love. Currently operating as a proven short-term rental, it offers strong appeal as a guest-favorite retreat with income potential and flexibility for personal use. Financials available upon request. Inside, the efficient layout lives comfortably with a natural flow between living, dining, and kitchen spaces—great for unwinding after a day in the mountains. Large windows bring in natural light and reinforce that elevated, treehouse-like experience that photographs beautifully and keeps guests coming back. Step outside to the wraparound deck and you’ll immediately see why outdoor living is the highlight—surrounded by woods and offering a tucked-away setting that’s hard to find. It’s a great spot for morning coffee, evening drinks, and seamless indoor–outdoor living. Located in the amenity-rich Mill Ridge community with access to a pool, playground, and tennis courts, and just minutes to Sugar Mountain, Beech Mountain, Banner Elk dining, and Boone—plus endless hiking and outdoor adventure—this property is positioned for both personal enjoyment and consistent rental demand. A low-maintenance, proven performer in one of the High Country’s most desirable areas—ready for immediate use, rental, or both.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 600
- Lot
- —
- Year built
- 1973
- Type
- Single Family
- Days on market
- 21
- Heating
- Baseboard, Electric
- Cooling
- None
- Foundation
- Basement
- HOA dues
- $175 / mo
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$2,713/ month
- Principal & interest
- $2,136
- Property tax (~1.05%)
- $301
- Homeowners insurance
- $100
- HOA dues
- $175
Down payment
$17,245 down · $327,655 financed
Income to qualify (28% rule)
~$116,291 / 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.