USANCBanner ElkThe Highlands132 Heather Ln

New

$650,000

For Sale

11 hours ago

132 Heather Ln, Banner Elk, NC

Name: 132 Heather Ln, For Sale in Banner Elk - eXp Realty
Brand: exp realty llc
SKU: 260222
Price: 650000 USD

House

MLS® 260222

5 Bed

4 Bath

2337 sqft

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2337 sqft

Garage No

Taxes $1,358

Days Active 0

Lot Size 0.95 acres

Approx. Age 2006

Avg. Price Per Sqft $278

MLS® Number 260222

Property Address: 132 Heather Ln, Banner Elk, NC, 28604-7276

Average square foot calculated using Size range provided by listing agent.

Description

Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10, 000 above list price and generated $72, 000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100, 000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.

MLS® Number260222

Laundry LevelUpper Level

Central VacNo

FireplaceNo

Acreage0.95

Exterior

GarageNo

Approx. Age2006

BasementFull, Finished, Walk Out Access

DrivewayDriveway, Gravel, No Garage, Private

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 4, 2026List Date

$650,000List Price

Commute

Commute

Starting Address

Destination Address

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