Last Sold Price
2 beds491 sqft$540/sqft
40 Painter Rd, Banner Elk, NC 28604

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.
LISTING CLOSED: 03/05/2026 12:00 AM

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

Property Details for 40 Painter Road

Status
MLS #
253593
Days on Market
393
Taxes
$447 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1909
Lot Size
0.95 AC / 41,512 SF
Architectural Style
Farmhouse, Mountain
Parking Features
Driveway, Gravel, NoGarage, Private
Subdivision Name
None

Location

Listing Courtesy of High Country Resort Properties

Sold By Keller Williams High Country

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Building Information for 40 Painter Road

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

Payment Calculator

$1,384 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,347

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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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: Yes
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
Mar 5, 2026

Closed

High Country Association of REALTORS #253593

$265,000
Feb 23, 2026

Closed (Public Record)

Public Record #1930237933

$265,000

+2.7% / yr

Feb 6, 2026

Expired

CANOPY #4337403

$272,500
DateEvent & SourcePrice
03/05/2026

Closed

High Country Association of REALTORS #253593

$265,000
02/23/2026

Closed (Public Record)

Public Record #1930237933

$265,000

+2.7% / yr

02/06/2026

Expired

CANOPY #4337403

$272,500

For completeness, we 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 40 Painter Road, Banner Elk, NC 28604
$265,000
2
491
41,512
$90,000
2
1,416
11,325
$165,000
3
1,285
44,866
2
1
899
13,504
$178,000
4
2,124
31,798
$289,500
4
1,378
19,166

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.