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281 Old Turnpike Rd E
Single Family
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$649,500

$390/sqft

281 Old Turnpike Rd E, Banner Elk

3 bd·2 ba·1,664 sqft
Built 199210,454 sqft lot

281 Old Turnpike Rd E, Banner Elk, NC

3 bd · 2 ba · 1,664 sqft Single Family listed at $649,500, built in 1992.

About this home

HUGE PRICE IMPROVEMENT ON THIS BANNER ELK HOME!!! THIS VERY FAVORABLY LOCATED 3 BEDROOM, 2 BATH MOUNTAIN RANCH STYLE HOME WITH CONVENIENT ONE LEVEL LIVING IS A SHORT WALK TO EVERYTHING IN BANNER ELK! ALL DOWNTOWN AMENITIES INCLUDING DINING,SHOPPING, ENTERTAINMENT, TOWN PARK AND GREENWAY TRAILS, CHURCHES, LEES-McRAE COLLEGE AND ALL THAT BANNER ELK HAS TO OFFER IS EASILY ACCESSABLE. BIG STONE AND MASONRY FIREPLACE IS CAPABLE OF BURNING WOOD, BUT CURRENTLY HAS VERY CONVENIENT GAS LOGS INSTALLED! THE PAVED DRIVEWAY LEADS RIGHT INTO THE BIG, ATTACHED 2-CAR GARAGE. THIS PROPERTY WOULD BE A GREAT INVESTMENT, RENTAL PROPERTY OR A COMFORTABLE PRIMARY RESIDENCE! VERY FEW SINGLE FAMILY RESIDENTIAL PROPERTIES IN THIS PRICE RANGE ARE AVAILABLE IN BANNER ELK, ESPECIALLY ONES WITH NO POA DUES TO PAY!! VERY MOTIVATED SELLER!! EASY TO SHOW!!

What it's like to live here

AI

Listed by

JOHN DAVIS

Banner Elk Realty

8282601550DAVISJD@SKYBEST.COM

Property details

Price
$649,500
Bedrooms
3
Bathrooms
2
Interior
1,664 sqft
Price / sqft
$390
Year built
1992
Lot size
10,454 sqft
Type
Single Family
Days on market
137
Est. property tax
$5,326/yr · $444/mo · 0.82% NC avg
Last sold
$190,000 · Aug 2011

Estimated monthly payment

Down payment20% ($129,900)
Interest rate6.75%
Principal & Interest$3,370
Property Tax$595
Insurance$150
Total$4,115/mo

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Price history

▼ 7.9%Most recent change on 2026-05-05: $649,500 → $598,500.

$728K$435K$141K$259K on May 11 (Initial list)$190K on Aug 11 (Sold)$259K on Aug 11 (Price change)$680K on Nov 25 (Initial list)$650K on Apr 26 (Price change)$599K on May 26 (Price change)
$259K · May 11$599K · May 26
  1. May 5, 2026$598,500Price change
  2. Apr 8, 2026$649,500Price change
  3. Nov 28, 2025$679,500Initial list price
  4. Aug 26, 2011$259,000Price change
  5. Aug 25, 2011$190,000Sold
  6. May 3, 2011$259,000Initial list price

Location

This home is located in Banner Elk, NC, in the Asheville / NC Mountains area. Browse more Banner Elk listings on the Banner Elk market page or explore the full Banner Elk market report.

About Banner Elk: Banner Elk is a town in Avery County, North Carolina, United States. As of the 2020 census, Banner Elk had a population of 1,049. Banner Elk is home to Lees–McRae College. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 161 dry days per year and 47.6 inches of annual rainfall.

Location

Map of 281 Old Turnpike Rd E, Banner Elk
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Home Intelligence

Neighborhood (zip 28604)

This neighborhood is predominantly owner-occupied (76%). Median age is 45.2; 25% hold a bachelor's degree; median household income is $61,161.

Median income
$61,161
Median age
45.2
Owner-occupied
75.7%
Bachelor's degree
25.0%
Census median home value
$296,500

Source: US Census Bureau American Community Survey 5-year estimates.

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