40 Painter Rd

491 Sq. Ft.
$555 / Sq. Ft.
491
Sq. Ft.
$555
per Sq. Ft.

Description

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 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.
  1. Listed by Michelle Griffin • High Country Resort Properties • (828) 260-7751

Property Details for 40 Painter Road

Architectural Style
Farmhouse, Mountain
Parking Features
Driveway, Gravel, NoGarage, Private
Subdivision Name
None
LISTING UPDATED: 01/23/2026 09:18 PM

Property Details for 40 Painter Road

StatusActive Under Contract
MLS #253593
Days on Market352
Taxes$447 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1909
Lot Size0.95 AC / 41,512 SF
CountyAvery County

Location

Listing Courtesy of High Country Resort Properties
Add your commute

Building Information for 40 Painter Road

Stories2Year Built1909Building Size-Lot Size0.95 AC / 41,512 SF

Payment Calculator

$1,365 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,328

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Painter Road

Summary
Location and General Information
  • Directions: Take 194 just a little over a mile from the town of Banner Elk to Painter Road. 40 Painter is the second home on the right.
  • Road Surface Type: Gravel
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1859-00-83-6164-00000
  • Association: No
  • Tax Annual Amount: $447
  • Tax Book Number: 595/1505
  • Tax Legal Description: WILL89-E-62 PLAT 44-153
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Garage: No
Property
Lot Information
  • Above Grade Finished Area: 491.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.953
  • Lot Size Area: 0.953
  • Lot Size Units: Acres
  • Living Area: 491.0
Property and Assessments
  • Year Built: 1909
  • Human Modified: No
Utilities
  • Sewer: SepticPermitUnavailable
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Exterior Features: GravelDriveway
  • Community Features: ShortTermRentalAllowed
  • Construction Materials: WoodSiding, WoodFrame
  • Patio And Porch Features: Covered
  • Roof: Metal
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Basement: CrawlSpace
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2
  • Cooling: Yes
  • Cooling: Ductless
  • Heating: Yes
  • Heating: Baseboard, Ductless, Electric
  • Fireplace: Yes
  • Fireplace Features: Masonry
  • Laundry Features: MainLevel
  • Appliances: Dryer, ElectricRange, Microwave, Refrigerator, Washer

Property History for 40 Painter Road

DateEvent & SourcePriceAppreciation
Jan 23, 2026

Under Contract-Show

High Country Association of REALTORS #253593

Jan 17, 2026

Price Change

High Country Association of REALTORS #253593

$272,500
Jan 17, 2026

Listed (Active)

CANOPY #4337403

$272,500
Jan 16, 2026

Price Change

High Country Association of REALTORS #253593

$284,900
Nov 30, 2025

Expired

CANOPY #4299402

$289,000
Nov 8, 2025

Withdrawn

CANOPY #4258923

$299,000
Oct 27, 2025

Price Change

High Country Association of REALTORS #253593

$289,000
Oct 9, 2025

Listed (Active)

CANOPY #4299402

$299,000
Aug 16, 2025

Price Change

High Country Association of REALTORS #253593

$299,000
Aug 15, 2025

Price Change

CANOPY #4258923

$310,000
Jul 20, 2025

Price Change

High Country Association of REALTORS #253593

$310,000
Jul 9, 2025

Price Change

CANOPY #4258923

$324,900
Jul 8, 2025

Price Change

High Country Association of REALTORS #253593

$324,900
May 26, 2025

Price Change

CANOPY #4258923

$339,000
May 26, 2025

Price Change

High Country Association of REALTORS #253593

$339,000
May 16, 2025

Listed (Active)

CANOPY #4258923

$349,000
May 14, 2025

Price Change

High Country Association of REALTORS #253593

$349,000
Apr 30, 2025

Price Change

High Country Association of REALTORS #253593

$359,000
Mar 4, 2025

Price Change

High Country Association of REALTORS #253593

$369,000
Feb 19, 2025

Price Change

High Country Association of REALTORS #253593

$379,000
Feb 5, 2025

Listed (Active)

High Country Association of REALTORS #253593

$399,000
Sep 12, 2024

Withdrawn

High Country Association of REALTORS #249041

$429,000
Apr 16, 2024

Listed (Active)

High Country Association of REALTORS #249041

$429,000
Dec 22, 2023

Closed

High Country Association of REALTORS #246861

$250,000
Dec 14, 2023

Closed (Public Record)

Public Record #1524958816

$250,000

+11.8% / yr

Nov 16, 2023

Under Contract-Show

High Country Association of REALTORS #246861

Nov 15, 2023

Under Contract-No Show

High Country Association of REALTORS #246861

Nov 14, 2023

Listed (Active)

High Country Association of REALTORS #246861

$250,000
May 29, 2018

Closed (Public Record)

Public Record #623032689

$135,000
DateEvent & SourcePrice
01/23/2026

Under Contract-Show

High Country Association of REALTORS #253593

01/17/2026

Price Change

High Country Association of REALTORS #253593

$272,500
01/17/2026

Listed (Active)

CANOPY #4337403

$272,500
01/16/2026

Price Change

High Country Association of REALTORS #253593

$284,900
11/30/2025

Expired

CANOPY #4299402

$289,000
11/08/2025

Withdrawn

CANOPY #4258923

$299,000
10/27/2025

Price Change

High Country Association of REALTORS #253593

$289,000
10/09/2025

Listed (Active)

CANOPY #4299402

$299,000
08/16/2025

Price Change

High Country Association of REALTORS #253593

$299,000
08/15/2025

Price Change

CANOPY #4258923

$310,000
07/20/2025

Price Change

High Country Association of REALTORS #253593

$310,000
07/09/2025

Price Change

CANOPY #4258923

$324,900
07/08/2025

Price Change

High Country Association of REALTORS #253593

$324,900
05/26/2025

Price Change

CANOPY #4258923

$339,000
05/26/2025

Price Change

High Country Association of REALTORS #253593

$339,000
05/16/2025

Listed (Active)

CANOPY #4258923

$349,000
05/14/2025

Price Change

High Country Association of REALTORS #253593

$349,000
04/30/2025

Price Change

High Country Association of REALTORS #253593

$359,000
03/04/2025

Price Change

High Country Association of REALTORS #253593

$369,000
02/19/2025

Price Change

High Country Association of REALTORS #253593

$379,000
02/05/2025

Listed (Active)

High Country Association of REALTORS #253593

$399,000
09/12/2024

Withdrawn

High Country Association of REALTORS #249041

$429,000
04/16/2024

Listed (Active)

High Country Association of REALTORS #249041

$429,000
12/22/2023

Closed

High Country Association of REALTORS #246861

$250,000
12/14/2023

Closed (Public Record)

Public Record #1524958816

$250,000

+11.8% / yr

11/16/2023

Under Contract-Show

High Country Association of REALTORS #246861

11/15/2023

Under Contract-No Show

High Country Association of REALTORS #246861

11/14/2023

Listed (Active)

High Country Association of REALTORS #246861

$250,000
05/29/2018

Closed (Public Record)

Public Record #623032689

$135,000

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

Public Records for 40 Painter Road

Taxable ValueLand$48,200Additions$63,600Total$111,800
Tax Record2025$447 ($37 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,512 SqFtAbove Grade Finished SqFt1,512 SqFtStories2Lot Size41,513 SqFtStyleSingle Family ResidenceYear Built1909Year Renovated1969CountyAVERYAPN18590083616400000Fireplace TypeHas Fireplace

Schools near 40 Painter Road

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

Avery Middle
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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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 High Country Resort Properties

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.