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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, generating more than $23,000 in 2025 to date. 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.
| DAYS ON MARKET | 314 | LAST UPDATED | 10/27/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1909 |
| COMMUNITY | 8-Banner Elk | COUNTY | Avery |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Banner Elk |
|---|---|
| High School | Avery County |
| PRICE HISTORY | |
| Prior to Feb 19, '25 | $399,000 |
|---|---|
| Feb 19, '25 - Mar 4, '25 | $379,000 |
| Mar 4, '25 - Apr 30, '25 | $369,000 |
| Apr 30, '25 - May 14, '25 | $359,000 |
| May 14, '25 - May 26, '25 | $349,000 |
| May 26, '25 - Jul 8, '25 | $339,000 |
| Jul 8, '25 - Jul 20, '25 | $324,900 |
| Jul 20, '25 - Aug 16, '25 | $310,000 |
| Aug 16, '25 - Oct 27, '25 | $299,000 |
| Oct 27, '25 - Today | $289,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Range, Microwave, Refrigerator, Washer |
| AREA | 8-Banner Elk |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame, Wood Siding |
| FIREPLACE | Yes |
| HEAT | Baseboard, Ductless, Electric |
| LOT | 0.953 acre(s) |
| LOT DIMENSIONS | 0.953 |
| PARKING | Gravel, Driveway, No Garage, Private |
| STORIES | 2 |
| STYLE | Farmhouse, Mountain |
| SUBDIVISION | None |
| TAXES | 447.2 |
| WATER | Private |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Michelle Griffin, High Country Resort Properties, (828) 260-7751
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