Banner Elk Homes under $400,000

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Newest Banner Elk Homes under $400,000

$225,000

2 Beds ⋅ 2 Baths ⋅ 265014 MLS

Cozy Cottage in Mill Ridge! Set in a peaceful setting near the Watauga River, this charming 2-bedroom, 2-bath cottage offers a wonderful opportunity to create your own mountain getaway. Whether you're looking for a second home, vacation retreat, or short-term rental opportunity, this cottage has plenty of potential. Enjoy Mill Ridge amenities, including the swimming pool, tennis courts, and clubhouse, or venture out to explore nearby hiking trails. Conveniently located between Boone and Banner Elk, you'll have easy access to Grandfather Winery, restaurants, shopping, Appalachian State University, area ski slopes, and the many outdoor adventures and attractions in the High Country.

185 River 2 Road, Banner Elk

$179,000

1 Beds ⋅ 1 Baths ⋅ 265031 MLS

Enjoy easy mountain living in this ground-level, one-bedroom condominium tucked into a wooded setting beside a small stream. Conveniently located with easy access to Highway 105 and just minutes from both Boone and Banner Elk, this property offers a comfortable mountain retreat with the convenience of nearby shopping, dining, recreation, and High Country attractions. Inside, the condo features vinyl flooring throughout much of the living and bedroom areas and a spacious living room centered around a stone wood-burning fireplace with warm wood accents. The living area opens directly to the covered front deck, creating an easy extension of the indoor living space and a great place to relax and enjoy the surrounding wooded setting. The kitchen offers abundant wood cabinetry, generous counter space, and a pass-through to the living area. The bedroom is comfortably sized, and the spacious full bath includes a tub/shower combination and ample vanity space. Additional features include ground-level access and convenient parking located directly in front of the unit. Long-term rentals are allowed, providing added flexibility for those looking for a full-time residence, mountain getaway, or investment property. With its peaceful wooded surroundings, nearby stream, wood-burning fireplace, covered outdoor living space, and convenient location between Boone and Banner Elk, 127 South Slope offers an affordable opportunity to enjoy the High Country lifestyle.

127 South Slope Loop Unit 2, Banner Elk

$279,000

3 Beds ⋅ 2 Baths ⋅ 264440 MLS

Almost NEW (2025) 3 bedroom/2 bathroom manufactured home ten minutes to Banner Elk or Newland. GREAT price and low operating costs, with no homeowner dues, no water/sewer bill and only $650 in annual property taxes! Located off a state maintained road. One level living! The 4,350 elevation is nice and cool! The property is subject to the Donaldson Land deed restrictions (in Listing Documents). Sellers purchased the home on October 2, 2026 to help a family member move on, and are now selling it.

4483 Hickory Nut Gap Road, Banner Elk

$184,900

1 Beds ⋅ 1 Baths ⋅ 264210 MLS

This turnkey mountain retreat is investment ready just in time for fall in the High Country! Escape to your own slice of Ski Country in this beautifully updated 1 bedroom, 1 bath condo, perfectly positioned minutes from Sugar Mountain, Wildcat Lake, and Downtown Banner Elk. As the leaves turn and the mountains put on their best show of the year, this turnkey retreat puts fall festivals, cozy dining, and scenic drives all within easy reach, with Grandfather Mountain and endless hiking trails just around the corner. Easily accessible with no steps from parking area, this property offers convenience and peace of mind year round, even once winter weather arrives. Thoughtfully curated with comfortable furnishings, and warm mountain charm, the condo makes a cozy getaway or full time escape. Enjoy your own personal deck surrounded by changing leaves while listening to the peaceful sounds of this bird sanctuary. A wonderful bonus is that this building has recently had its roof replaced with architectural style shingles. So whether you are looking for a personal retreat, vacation property, or income producing investment, this condo checks all the boxes for year round enjoyment, and with ski season right around the corner, rental demand is about to heat up. Now is the time to buy before the busy winter rental season arrives. Schedule your showing today and experience all that Banner Elk mountain living has to offer!

100 Hemlock Hill Unit B, Banner Elk

10543 NC Highway 105 Unit #6, Banner Elk

$350,000

3 Beds ⋅ 2 Baths ⋅ 264486 MLS

A unique opportunity in one of the most central locations in the High Country! Set in Foscoe at the base of Grandfather Mountain, this spacious, fully updated condo offers easy access right off Highway 105 and puts you close to just about everything the area has to offer. Even better, Grandfather Vineyard & Winery is right next door! The open deck looks directly toward Grandfather Mountain, creating a beautiful spot for morning coffee, fall color and cool mountain evenings. Inside, the home has been thoughtfully updated throughout with warm wood tones and a rustic, refined feel. The beautiful, well-appointed kitchen flows into the spacious living area, where a gas fireplace keeps things cozy on brisk fall days and winter evenings. The location makes it an ideal home base for enjoying the mountains in every season. Hawksnest Tubing and Zipline, Otter Falls, the Wilderness Run Alpine Coaster and Sugar Mountain are all just minutes away, with hiking, fishing and the Blue Ridge Parkway nearby. Downtown Boone and Appalachian State are only 20 minutes away, making this an equally appealing option for a primary residence, mountain getaway, students or professionals. The spacious primary suite enjoys it's own mountain view and private bath, along with two additional bedrooms providing flexible space for guests, children or a home office. There is ample storage space throughout the unit and a private outdoor storage closet for mountain gear and seasonal items. The condo is being offered fully furnished with lovely pieces that fit the home beautifully, making it easy to settle in and start enjoying the High Country from day one. Warm, rustic and polished, with a Grandfather Mountain view and an incredibly convenient location, this is an easy place to feel at home whether you’re here full time or escaping to the mountains.

10543 NC Highway 105 Unit #6, Banner Elk

$329,000

3 Beds ⋅ 2 Baths ⋅ 263805 MLS

JUST IN TIME FOR LEAF AND SKI SEASON! This remodeled 3-bedroom, 2-bath condominium is ready to enjoy—whether you’re looking for a mountain getaway for family and friends or a property with rental potential. Conveniently located just one mile from Fred’s and a short walk to the slopes for skiing, biking and concerts, this condo puts four-season recreation close at hand. The entry level features two bedrooms, a full bath, washer and dryer, and access to a covered deck from the queen bedroom. Upstairs, the bright and inviting main level offers an open-concept kitchen, dining and living area designed for gathering and relaxing. Vaulted wood-plank ceilings with contrasting exposed beams bring warmth, character and architectural interest to the kitchen and dining areas. Step outside onto the open deck, complete with a picnic table and views toward the slopes. The third level provides a retreat with a king bedroom, full bath and striking vaulted wood ceilings that enhance the home’s cozy mountain character. Laminate and wood flooring throughout make the space attractive and easy to maintain. Enjoy the mountain setting, seasonal views and frequent visits from the local deer—all while being near the activities that make this area a year-round destination. Recent improvement includes a replaced hot water heater.

101 Hornbeam Road Unit 7C, Banner Elk

$219,000

1 Beds ⋅ 2 Baths ⋅ 264032 MLS

Welcome to easy mountain living in Mill Ridge! This fully furnished condo is truly move-in ready—just bring your suitcase and start enjoying the High Country. The condo itself has recently received a fresh exterior paint job and also features a new roof, new deck boards and new railings, along with an encapsulated crawl space, so there is no long list of projects waiting for the next owner. One of the standout features is the spacious covered outdoor living room—an inviting extension of the home that essentially gives you a second living area. With plenty of room for comfortable seating, a TV and entertaining, it’s the perfect place for morning coffee, an afternoon with friends, or simply relaxing in the cool mountain air. The location within Mill Ridge is hard to beat. The swimming pool and tennis courts are a stone’s throw away, making them incredibly convenient to enjoy. At just $175 per month, the association fee is an exceptional value and includes water, sewer, access to on-site dumpsters, and use of the pool and tennis courts. You’re also just a short drive from area ski resorts, hiking and outdoor recreation, including the beautiful Profile Trail at Grandfather Mountain. Boone, Banner Elk, restaurants, shopping and everything the High Country has to offer are all within easy reach. This property would be a great fit for a first-time homeowner, parents wanting a comfortable furnished home for a college student, someone looking for a weekend or seasonal getaway, or anyone wanting an easy lock-and-leave mountain home. With two distinct living areas, furnishings already in place, great community amenities and a location that puts mountain recreation close by, this Mill Ridge condo offers an unusually easy way to start enjoying the High Country from day one.

196 Trout Pond Lane Unit 2, Banner Elk

$279,000

2 Beds ⋅ 1 Baths ⋅ 263877 MLS

Beautifully renovated, one-level condo offered fully furnished and turn-key! Seasonal Views of Sugar Mtn from the dining room and Grandfather Mtn from master bedroom & deck. This light-filled, move-in-ready retreat features two bedrooms with King & Queen Bed, one full bathroom, an inviting open floor plan, and scenic views. Recent improvements include a brand-new roof, remodeled kitchen and bathroom, new furnishings, luxury vinyl plank flooring, smart thermostat, mini-split system, wood-burning fireplace, and stackable washer and dryer. Ideally located just minutes from Sugar Mountain Resort, the Wilderness Run Alpine Coaster, downtown Banner Elk, fine dining, restaurants, grocery stores, and area parks. Whether you are searching for a full-time residence or mountain getaway, this charming condo is ready to enjoy.

23 Pinetop Unit B, Banner Elk

$284,900

3 Beds ⋅ 2 Baths ⋅ 263748 MLS

Here's your chance to own a piece of the valley in Valle Crucis!! Enjoy lots of room inside this 2006 double-wide on approximately 1.08 acre lot. You'll love the open floor plan, which places the primary bedroom on one side and two more bedrooms on the other. There's even a bonus room that works well as an office or playroom. You'll be amazed how large the living, dining and kitchen areas feel! This home needs some TLC inside with paint and flooring. Outside, the brand new metal roof was added just this year, but needs new decking in front and back. The block skirting needs some repairs but this does not affect the permanent foundation. For additional acreage, see MLS# 263067

737 Lower Crab Orchard Road, Banner Elk

$249,900

3 Beds ⋅ 2 Baths ⋅ 263682 MLS

Charming Banner Elk home with a flat yard, abundant outdoor living, and plenty of inside space! It’s hard to find a home in Banner Elk at this price with so much to offer! Conveniently located just outside of town, this charming home offers spacious living areas, multiple outdoor gathering spaces, and a beautiful, flat yard filled with the character and history of the original owner’s labor of love. Inside, you’ll find a spacious living room, separate dining area, three bedrooms, two full bathrooms, and a versatile bonus room that could serve as an office, hobby room, guest space, or whatever best suits your needs. A partial, walk-in basement/root cellar provides additional storage and a wonderful nod to the home’s heritage. Step outside and discover a gardener’s paradise. The level yard features an assortment of established, old-fashioned plants, including an old-timey Bubby bush, yellow bell bushes, Rose of Sharon, apple trees, an elderberry hedge, boxwoods, daffodils, irises, red hot pokers, peonies, and a raised bed ready for herbs and vegetables. A partially fenced area is perfect for your four-legged friends, while the open deck, covered porch, screened porch, and additional covered picnic area provide plenty of options for relaxing and entertaining. On the northwest side of the property, gather around the fire pit or relax on the screened porch while enjoying the sights and sounds of a nearby waterfall cascading from Peavine Branch. From the front porch, you can enjoy the peaceful sounds of the Elk River, located not far across the street. The property lines are negotiable, as the sellers also own the adjoining property, offering a unique opportunity for a buyer interested in additional land or flexibility with the boundaries. Location is another highlight—just 2.6 miles from Lees-McRae College, 6.4 miles from Sugar Mountain Ski Resort, 7.2 miles from Beech Mountain Ski Resort, and 17.2 miles from Appalachian State University. Whether you’re looking for a full-time home, mountain getaway, or investment opportunity, this property offers a wonderful combination of location, character, usable land, and outdoor living. Come experience the charm for yourself and imagine how you can make this special Banner Elk property your own.

25 Reuben Wooten Road, Banner Elk

$310,000

1 Beds ⋅ 1 Baths ⋅ 263580 MLS

It's back on the market! Don't miss out again. Escape to your own private mountain retreat at 4559 Laurel Creek Road in Banner Elk. Nestled among towering hardwoods and overlooking the bold waters of Laurel Creek, this charming fully furnished log cabin offers the perfect blend of rustic character, modern comfort, and proven investment potential. Warm wood interiors, soaring vaulted ceilings, and expansive windows create an inviting atmosphere filled with natural light. The spacious great room is still cozy with a wood burning fireplace while the open living, dining, and kitchen areas make relaxing and entertaining effortless. The one-bedroom layout features a generously sized primary suite with a spa-inspired bath complete with dual vanities, a large jetted soaking tub, separate shower, and private deck access. This is a popular honeymoon spot. Step outside to enjoy covered front and rear porches, unwind in the private hot tub overlooking the creek, or simply listen to the peaceful sounds of rushing water from your secluded wooded setting. Contract fell through when buyer could not secure satisfactory financing. There is an inspection report which Seller will share with serious buyers and will consider any repair request. We are currently getting estimates and will also share these with prospective buyers.

4559 Laurel Creek, Banner Elk

$189,900

1 Beds ⋅ 1 Baths ⋅ 263537 MLS

Affordable. Adorable. Investment-ready. Recently renovated, this turnkey mountain retreat offers an increasingly rare opportunity to own a piece of the High Country without compromising on location, charm, or income potential. With a proven short-term rental history, this property is equally appealing as an income-producing investment, a cozy personal retreat, a college getaway, or a full-time residence for individuals or couples looking to enjoy the mountain lifestyle. Perfectly positioned near the entrance to Ski Country, year-round adventure awaits just outside your door with easy access to skiing, snowboarding, hiking, mountain biking, golf, fishing, and endless outdoor recreation. Located just minutes from downtown Banner Elk, owners and guests can enjoy award-winning restaurants, boutique shopping, wineries, breweries, live music, seasonal festivals, and some of the area's most beloved attractions, including Sugar Mountain Resort, Beech Mountain Resort, Grandfather Mountain, and the scenic Blue Ridge Parkway. Beautifully maintained and offered fully furnished, this move-in-ready unit allows you to begin enjoying the mountain lifestyle—or generating rental income—from day one. Recent updates include fresh interior paint, renovated stairs and decks, and meticulous maintenance throughout, offering peace of mind for years to come. Inside, warm exposed wood beams and a classic wood-burning fireplace create the inviting mountain ambiance you've been dreaming of. The comfortable living space is the perfect place to gather after a day on the slopes or exploring the High Country, while the private deck invites you to sip your morning coffee, enjoy the sounds of nature, unwind with a glass of wine, or simply take in the peaceful mountain setting. Looking for even more flexibility? Unit B is also available for purchase (see MLS #263536), presenting a unique opportunity to own both units. With the potential to install an interior connecting door, the two could function as one larger residence—ideal for larger families, multi-generational living, expanded rental accommodations, or maximizing your investment potential. Whether you're searching for your first investment property, an affordable second home, or your own mountain escape, this exceptional property offers an opportunity to experience everything the North Carolina mountains have to offer—at a price point that's becoming increasingly hard to find.

40 Hemlock Hills Unit A, Banner Elk

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”

Banner Elk Homes under $400,000

Newest Banner Elk Homes under $400,000

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