140 Library Ln

Banner Elk, NC 28604

$1,695,000
Price
4
Beds
3,335 Sq. Ft.
$508 / Sq. Ft.
3,335
Sq. Ft.
$508
per Sq. Ft.
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Description

140 Library Lane is an iconic in-town historic estate offering nearly 3 private acres in the heart of Banner Elk. Perfectly positioned just steps from Lees-McRae College and moments from downtown, this rare property combines exceptional privacy, timeless character, and unmatched convenience. There is a total of 5 bedrooms and 4 baths with the apartment that is not counted in the total square footage. Total living sq. Ft. 3,923!. Enjoy walkable access to acclaimed dining, boutique shopping, concerts,...140 Library Lane is an iconic in-town historic estate offering nearly 3 private acres in the heart of Banner Elk. Perfectly positioned just steps from Lees-McRae College and moments from downtown, this rare property combines exceptional privacy, timeless character, and unmatched convenience. There is a total of 5 bedrooms and 4 baths with the apartment that is not counted in the total square footage. Total living sq. Ft. 3,923!. Enjoy walkable access to acclaimed dining, boutique shopping, concerts, festivals, and greenway trails, while surrounded by the serenity of mature trees, curated landscaping, and expansive grounds. The 4-bedroom, 3-bath main residence with 3,335 sq. ft. showcases craftsmanship rarely found today, with original hardwood floors, solid wood doors, wide baseboards, and rich wormy chestnut trim throughout. 3 impressive stone natural gas fireplaces anchor the living spaces and reflect the home’s historic charm. The original parlor offers warmth and character, while the spacious family room with abundant windows provides a welcoming gathering space with stone fireplace and rich wormy chestnut accents. There is an office that could be utilized in other ways on the main level. A formal dining area connects easily to the kitchen, creating ideal flow for entertaining. The kitchen features a stone fireplace, high-level granite countertops, a large island with seating, and generous cabinetry complemented by an impressive pantry with pull-out storage. There is a dining table here overlooking the landscaped yard for casual meals. A full laundry/mudroom with sink & storage provides convenient access to the stone patio and outdoor living areas as well as the garage. Upstairs, four bedrooms offer comfort and flexibility, each with its own character. The spacious primary suite includes a sitting area, office space, 2 walk-in closets, a full bath, enclosed water closet and walk-in shower, creating a private retreat within the home. Thoughtful updates enhance both comfort and efficiency, including updated siding, windows, and a new roof, while preserving the home’s architectural integrity. A beautifully designed deck extends the living space outdoors, overlooking the wooded acreage and providing an ideal setting for quiet relaxation. A fully furnished spacious 1-bedroom, 1-bath apartment with over 580 sq. ft. above the oversized heated 2 car garage offers exceptional versatility for guests, extended family, or rental income. The garage includes an EV-capable outlet, and the attached heated workshop with 220v/45-amp service is ideal for hobbies, wood working, studio use, or professional workspace. Additional storage buildings provide further utility. The nearly 3-acre grounds create a private, park-like setting within town limits, featuring stone patios, covered porches, perennial gardens, rhododendron groves, and open lawn areas. Zoned R-2, the property allows for accessory dwellings and home occupations, with potential rezoning opportunities subject to approval. Properties offering this combination of acreage, historic character, flexibility, and premier location are exceptionally rare. Library Lane is one of Banner Elk’s most desirable in-town settings—quiet, established, and adjacent to Lees-McRae College. Properties of this scale and proximity simply do not come to market often. Properties offering this combination of acreage, historic character, flexibility, and premier location are exceptionally rare. 4,900 TOTAL SQ. Ft.
  1. Listed by Ronald Kent • EXP Realty LLC • (561) 271-6853

Property Details for 140 Library Lane

Architectural Style
Farmhouse
Parking Features
Attached, Driveway, Detached, Garage, TwoCarGarage, Gravel, Oversized, Private, SharedDriveway
View
Yes
Subdivision Name
None
View
LongRange, Mountains, SkiArea, TreesWoods
Zoning Description
R2
LISTING UPDATED: 03/23/2026 02:56 PM

Property Details for 140 Library Lane

StatusActive
MLS #259997
Days on Market50
Taxes$3,841 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1897
Lot Size2.70 AC / 117,612 SF
CountyAvery County
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Location

Listing Courtesy of EXP Realty LLC
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Building Information for 140 Library Lane

Stories2Year Built1897Building Size-Lot Size2.70 AC / 117,612 SF

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$8,855 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,535

Property Taxes

$320

HOA Dues

$0

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Property Information for 140 Library Lane

Summary
Location and General Information
  • Directions: From the light in Downtown Banner Elk, head towards Beech Mountain. Make a left into Lees McRae College and then your first right will be Library Lane (not marked). It is the first house on the right with 2 drivees coming in. Take 2nd drive on right and curve around to the home. There is one other house at the end of the drive.
  • Road Surface Type: Gravel, Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1859-17-00-9120-00000
  • Additional Parcels Description: 1859-17-10-1065-00000
  • Association: No
  • Tax Annual Amount: $3,841
  • Tax Assessed Value: 4564
  • Tax Book Number: 343/921
  • Tax Legal Description: 2.63 AC
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Attached Garage: Yes
  • Garage: Yes
  • Garage Spaces: 2.0
Property
Lot Information
  • Above Grade Finished Area: 3335.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 2.7
  • Lot Size Area: 2.7
  • Lot Size Units: Acres
  • Living Area: 3335.0
Property and Assessments
  • Other Structures: LivingQuarters
  • Year Built: 1897
  • Documents Available: LeadBasedPaintDisclosure
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: GravelDriveway
  • Construction Materials: VinylSiding, WoodFrame
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple
  • Roof: Architectural, Shingle
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Flooring: Carpet, CeramicTile, Wood
  • Basement: Yes
  • Basement: Partial, Unfinished
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 4
  • Cooling: Yes
  • Cooling: CentralAir, Other, SeeRemarks, Zoned
  • Heating: Yes
  • Heating: ForcedAir, Fireplaces, Gas, RadiantFloor, WoodStove
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Fireplace Features: Three, FreeStanding, Other, SeeRemarks, Stone, Vented, WoodBurning, Gas
  • Laundry Features: MainLevel
  • Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Freezer, MicrowaveHoodFan, Microwave, Refrigerator, Washer
  • Interior Features: Attic, PullDownAtticStairs
  • Window Features: DoublePaneWindows, WoodFrames

Property History for 140 Library Lane

DateEvent & SourcePriceAppreciation
Feb 18, 2026

Listed (Active)

High Country Association of REALTORS #259997

$1,695,000—
Jan 31, 2026

Expired

High Country Association of REALTORS #256603

$1,999,000—
Jun 30, 2025

Listed (Active)

High Country Association of REALTORS #256603

$2,200,000—
DateEvent & SourcePrice
02/18/2026

Listed (Active)

High Country Association of REALTORS #259997

$1,695,000
01/31/2026

Expired

High Country Association of REALTORS #256603

$1,999,000
06/30/2025

Listed (Active)

High Country Association of REALTORS #256603

$2,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 Library Lane

Taxable ValueLand$123,600Additions$323,100Total$446,700
Tax Record2025$3,842 ($320 / month)
Home Facts
Beds6Baths4Total Finished SqFt4,482 SqFtAbove Grade Finished SqFt4,482 SqFtStories2Lot Size114,563 SqFtStyleSingle Family ResidenceYear Built1897Year Renovated1992ZoningR2CountyAVERYAPN18591700912000000Fireplace TypeHas Fireplace

Schools near 140 Library Lane

This home is within Avery County School District.
Rating
School
Type
Grades
Distance
Banner Elk Elementary School
Public - PK to 5
Cranberry Middle School
Public - 6 to 8
Avery County High School
Public - 9 to 12
Blue Ridge Academy
Public - 6 to 12
Rating
School
Distance
Banner Elk Elementary School
PublicPK to 5

Cranberry Middle School
Public6 to 8

Avery County High School
Public9 to 12

Blue Ridge Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 140 Library Lane, Banner Elk, NC 28604

140 Library Lane is a single family home for sale in Banner Elk, NC 28604. This property was listed for sale on February 18, 2026 by EXP Realty LLC, it's currently listed at $1,695,000. This listing's school district is Avery County School District. Nearby schools include Banner Elk Elementary School, Cranberry Middle School and Avery County High School. 140 Library Lane is a 4-bed, 3-bath, 3,335 sqft single family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.