About This Home

This 7-bedroom, 5-bathroom single family at 625 E Old Turnpike Road in Banner Elk, NC is listed for $749,000 ($195 per sqft). Built in 1985, the home offers 3,841 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1985
  • 0.34 acre lot

Property Details

4 full, 1 half
1985
Listing Description

Exceptional Downtown Banner Elk Opportunity! Located within the city limits of Banner Elk, this spacious SEVEN bedroom, four and a half bath mountain home offers unbeatable combination of character, convenience and investment potential. Banner Elk is known for its walkable downtown, dining, shopping and lively events, making this location especially appealing for both full-time living and vacation rental use.

Inside the home there is a floor to ceiling real rock wood burning fireplace as well as another impressive stone wall with a flue for a Jotul wood stove that creates an inviting gathering space outside of the kitchen. With 7 bedrooms and 4.5 baths, there is plenty of room for family, friends or vacation guests.

Outdoor living is also appealing with 2 large decks. There is a lower level under the basement that has been previously used as a workshop. Great space! The basement level can be accessed from outside and could be a separate 3 bedroom apartment. There with an old kitchenette in place so the kitchen fundamentals are there.

City water and sewer. One of the greatest features of this home is the location!! You can easily walk to town to enjoy local events, restaurants, shops and even breweries. This home is a rare combination of space, character and convenience in the heart of Banner Elk.

Monthly Cost Estimate

$4,006/mo

20% down · 6.5% · 30 years

Principal$542
Interest$3,246
Insurance$218

Estimates only. Actual payments may vary.

Location

625 E Old Turnpike Road

Banner Elk, NC 28604

Beacon Hills Estates

Questions & Answers

This 7-bedroom, 5-bathroom single family at 625 E Old Turnpike Road is listed at $749,000 ($195/sqft). The estimated monthly payment is $4,005 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1985, 0.34 acre lot.

This property is listed by Marsha McManus.

MM

Marsha McManus

Agent at The Summit Group of the Carolinas

Listed by The Summit Group of the Carolinas · Broker phone: (828) 898-3500 · View on Broker Site · Broker website

MLS# 263994· Source: High Country Association of Realtors· 62 days on PropertySimple

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.

625 E Old Turnpike Road, Banner Elk, NC 28604

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