311 Penny Ln, Unit 2D

Banner Elk, NC 28604

$749,000
Price
3
Beds
2,264 Sq. Ft.
$331 / Sq. Ft.
2,264
Sq. Ft.
$331
per Sq. Ft.
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a view of a large house with a mountain view
a front view of a house with yard
a view of a mountain in the distance
a living room with furniture and wooden floor
a dining room with wooden floor a chandelier a wooden table and chairs
a bathroom with a mirror
a view of a livingroom with furniture and a fireplace
a view of building with sink
a living room with furniture
a dining room with furniture and wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a kitchen with stainless steel appliances granite countertop a stove top oven microwave and cabinets
a kitchen with window and cabinets
a utility room with a sink a washer and dryer
a bedroom with a large bed and a large window
a bed sitting in a spacious bedroom next to a window
a view of livingroom with furniture and windows
a bed room with a bed and a chandelier
a bathroom with a granite countertop sink a toilet a mirror and shower
a bathroom with a bathtub
a white toilet sitting next to a bath tub shower
a bedroom with a large bed and a chandelier
a bathroom with a granite countertop sink toilet and shower
a view of entryway and hall
a living room with furniture a couch and chandelier
a bedroom with a bed and a large window
a bedroom with a bed and a flat screen tv
a bathroom with a granite countertop sink toilet and shower
a view of a room with gym equipment
a view of a balcony with an outdoor space
a view of balcony with wooden floor and iron stairs
a view of a mountain from a balcony
a view of an outdoor space and mountains
a view of mountain with sunset in background
a front view of a house with garden
a front view of a house with a garden
a view of a house with a yard

Description

Luxury mountain living at its finest where unobstructed long-range views of Grandfather and Sugar Mountains will welcome you with morning coffee and evenings enjoying time on the large outdoor deck! This sought after first row upper 2 story condo has the largest floor plan in the community! Enjoy the option of either the first floor primary bedroom with a walk-in closet and whirlpool bathtub or the large ensuite primary bedroom on the second floor with an additional sitting area, large walk-in closet,...Luxury mountain living at its finest where unobstructed long-range views of Grandfather and Sugar Mountains will welcome you with morning coffee and evenings enjoying time on the large outdoor deck! This sought after first row upper 2 story condo has the largest floor plan in the community! Enjoy the option of either the first floor primary bedroom with a walk-in closet and whirlpool bathtub or the large ensuite primary bedroom on the second floor with an additional sitting area, large walk-in closet, additional small living room and an extra storage closet. This open concept designed condo includes a generous dining area, granite countertop with bar seating, a custom built wine room with wine refrigerator and spacious living room with vaulted ceilings. Enjoy the high-quality workmanship of the large stone gas fireplace that transposes the living area into your ideal mountain retreat. A true luxury condo, equipped with beautiful granite counters in the kitchen and baths, electric oven range which can be upgraded to gas, wood flooring, travertine floors in the bathrooms, superior soundproofing, solid core doors and upgraded stainless steel appliances. Natural gas keeps heating costs reasonable and is paired with a Rinnai tankless water heater. Ideally situated 5 minutes from charming downtown Banner Elk with summer theater, local shops and fabulous dining, and also near Beech Mountain with winter skiing, biking, hiking, summer concert series and outdoor activities. Offered fully furnished except for wall art. If you are looking for a summer retreat or a winter ski lodge, this is a must see consideration. No short-term rentals allowed.
  1. Listed by Jeff Vermillion • Engel & Volkers Banner Elk • (828) 898-3808

Property Details for 311 Penny Lane, Unit 2D

Architectural Style
Mountain
Parking Features
Driveway
View
Yes
Subdivision Name
The Vistas
View
LongRange, Mountains, SouthernExposure
LISTING UPDATED: 02/08/2026 04:16 PM

Property Details for 311 Penny Lane, Unit 2D

StatusActive
MLS #259265
Days on Market77
Taxes$4,980 / year
HOA Fees$4,198 / year
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2008
CountyAvery County
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Location

Listing Courtesy of Engel & Volkers Banner Elk
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Building Information for 311 Penny Lane, Unit 2D

Building/Complex311 Penny LnFloor2Stories2Residences-Pet Policy-Pet Policy Details-Year Built2008

Payment Calculator

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$4,415 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,650

Property Taxes

$415

HOA Dues

$350

The Payment Calculator is for illustrative purposes only.

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Property Information for 311 Penny Lane, Unit 2D

Summary
Location and General Information
  • Directions: From the main intersection light in Banner Elk turn left onto Hwy 194 and follow to Beech Mountain Parkway on the right. Take a right onto Beech Mountain Parkway and travel about .6 miles. Turn left onto Tumbling Brook Ln at The Vistas sign and proceed to Penny Lane. Building 311 is the first condo building on the left. When facing the condo, it is the upper right condo unit on the second floor.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1859130354120000108
  • Association Fee: $4,198.00
  • Association Fee Frequency: Annually
  • Association Name: The Vistas at Banner Elk COA
  • Association: Yes
  • Tax Annual Amount: $4,980
  • Tax Book Number: 609/1075
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Property
Lot Information
  • Above Grade Finished Area: 2264.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Living Area: 2264.0
Property and Assessments
  • Year Built: 2008
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Hardboard, StoneVeneer, WoodFrame
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Cooling: Yes
  • Cooling: CentralAir, OneUnit
  • Heating: Yes
  • Heating: ForcedAir, Fireplaces, Gas, Wood
  • Furnished: Furnished
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: One, Stone, Vented, Gas
  • Laundry Features: MainLevel
  • Appliances: ElectricRange, GasWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, TanklessWaterHeater, Washer
  • Interior Features: Furnished, JettedTub, VaultedCeilings

Property History for 311 Penny Lane, Unit 2D

DateEvent & SourcePriceAppreciation
Dec 10, 2025

Listed (Active)

High Country Association of REALTORS #259265

$749,000—
Aug 4, 2021

Closed

High Country Association of REALTORS #231535

$620,000—
Jul 22, 2021

Under Contract-No Show

High Country Association of REALTORS #231535

—
Jun 29, 2021

Listed (Active)

High Country Association of REALTORS #231535

$629,000—
Jun 1, 2015

Closed

High Country Association of REALTORS #190090

$362,500—
May 3, 2015

Under Contract-No Show

High Country Association of REALTORS #190090

—
Mar 19, 2015

Listed (Active)

High Country Association of REALTORS #190090

$379,000—
Mar 18, 2015

Expired

High Country Association of REALTORS #187708

$379,000—
Sep 18, 2014

Listed (Active)

High Country Association of REALTORS #187708

$389,000—
DateEvent & SourcePrice
12/10/2025

Listed (Active)

High Country Association of REALTORS #259265

$749,000
08/04/2021

Closed

High Country Association of REALTORS #231535

$620,000
07/22/2021

Under Contract-No Show

High Country Association of REALTORS #231535

—
06/29/2021

Listed (Active)

High Country Association of REALTORS #231535

$629,000
06/01/2015

Closed

High Country Association of REALTORS #190090

$362,500
05/03/2015

Under Contract-No Show

High Country Association of REALTORS #190090

—
03/19/2015

Listed (Active)

High Country Association of REALTORS #190090

$379,000
03/18/2015

Expired

High Country Association of REALTORS #187708

$379,000
09/18/2014

Listed (Active)

High Country Association of REALTORS #187708

$389,000

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

Public Records for 311 Penny Lane, Unit 2D

Taxable ValueLand$45,000Additions$350,300Total$395,300
Tax Record2020$4,387 ($366 / month)
Home Facts
Beds3Baths3Total Finished SqFt2,152 SqFtAbove Grade Finished SqFt2,152 SqFtStories1StyleCondominiumYear Built2008Year Renovated2008CountyAVERYAPN1859130354120000108Fireplace TypeHas Fireplace

Schools near 311 Penny Lane, Unit 2D

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
Avery County High School Stem Academy
Public - 9 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

Avery County High School Stem Academy
Public9 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 311 Penny Lane, Unit 2D, Banner Elk, NC 28604

311 Penny Lane, Unit 2D is a condo for sale in Banner Elk, NC 28604. This property was listed for sale on December 10, 2025 by Engel & Volkers Banner Elk, it's currently listed at $749,000. It has been on the market for a total of 77 days and was last sold on August 4, 2021. 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. 311 Penny Lane, Unit 2D is a 3-bed, 3-bath, 2,264 sqft condo built in 2008.

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 Engel & Volkers Banner Elk

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.