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About This Home

This 2-bedroom, 1-bathroom single family at 560 Laurel Ridge Road in Banner Elk, NC is listed for $344,900 ($575 per sqft). Built in 1973, the home offers 600 sqft of living space on a 0.12 acres lot.

Agent Description

Tucked among the trees with a true treehouse feel, this charming roundhouse retreat in Mill Ridge captures the kind of mountain escape buyers are searching for-cozy, distinctive, and built for both enjoyment and income potential. This 2-bedroom, 1-bath home stands out with its unique circular design and inviting interior, creating a warm, memorable space that guests love.

Currently operating as a proven short-term rental, it offers strong appeal as a guest-favorite retreat with income potential and flexibility for personal use. Financials available upon request. Inside, the efficient layout lives comfortably with a natural flow between living, dining, and kitchen spaces-great for unwinding after a day in the mountains.

Large windows bring in natural light and reinforce that elevated, treehouse-like experience that photographs beautifully and keeps guests coming back. Step outside to the wraparound deck and you'll immediately see why outdoor living is the highlight-surrounded by woods and offering a tucked-away setting that's hard to find.

It's a great spot for morning coffee, evening drinks, and seamless indoor-outdoor living. Located in the amenity-rich Mill Ridge community with access to a pool, playground, and tennis courts, and just minutes to Sugar Mountain, Beech Mountain, Banner Elk dining, and Boone-plus endless hiking and outdoor adventure-this property is positioned for both personal enjoyment and consistent rental demand.

A low-maintenance, proven performer in one of the High Country's most desirable areas-ready for immediate use, rental, or both.

Key Features

  • Built in 1973
  • 0.12 acre lot

Property Details

1 full
1973

Monthly Cost Estimate

$1,845/mo

20% down · 6.5% · 30 years

Principal$249
Interest$1,495
Insurance$101

Estimates only. Actual payments may vary.

Location

560 Laurel Ridge Road

Banner Elk, NC 28604

Mill Ridge

Questions & Answers

This 2-bedroom, 1-bathroom single family at 560 Laurel Ridge Road is listed at $344,900 ($575/sqft). The estimated monthly payment is $1,495 based on 20% down at 6.5% interest.

Key features include: Built in 1973, 0.12 acre lot.

This property is listed by Thomas Drake and can be reached at (828) 262-1990 or tomdrake@remax.net.

TD

Thomas Drake

Agent at RE/MAX Realty Group

(828) 262-1990

Listed by RE/MAX Realty Group · View on Broker Site

MLS# 260579· Source: listhub· Updated 66 days ago

Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

560 Laurel Ridge Road, Banner Elk, NC 28604

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