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    Short Term Rental

    Banner Elk, NC Short Term Rental Properties for Sale

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    Beech Mountain, NC Elk Park, NC Sugar Mountain, NC Lenoir, NC Linville, NC Seven Devils, NC Blowing Rock, NC Sugar Grove, NC
    Renovated Mountain Quadplex
    Updated: Apr 6, 2025
    Renovated Mountain Quadplex

    270 Elk Hill Drive, Banner Elk, NC 28604

    $875,000
    0.39 AC lot
    Quadplex with two 2‑bedroom, 2‑bath units and two efficiency apartments
    Each unit has been completely renovated since purchased
    0.39‑acre total property including the fourplex and vacant 0.11‑acre parcel
    Covered carport holds 3 cars; lower parking pad provides additional capacity
    384' clean‑space cold room behind the lower right‑side efficiency
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    Mountain-View Quadplex
    Updated: Jul 6
    Mountain-View Quadplex

    2730 Tynecastle Hwy, Banner Elk, NC 28604

    $875,000
    Four separate rental units with individual entrances
    Unfinished heated and insulated basement
    Basement offers storage and potential for two additional rental units
    Multiple decks with ski slope views
    Mountain‑style finishes throughout the building
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Banner Elk, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Income Duplex Potential
    Residential Income Duplex Potential

    1086 Carters Ridge Road, Spruce Pine, NC 28777

    $699,997
    2,914 sqft 1.02 AC lot

    Single-family home configured as two living spaces with basement expansion and 60x26 outbuilding with roll-up doors.

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    Duplex Conversion Opportunity with Hot Tub
    Duplex Conversion Opportunity with Hot Tub

    1086 Carters Ridge Road, Spruce Pine, NC 28777

    $699,997
    1.02 AC lot

    Two separate living spaces with a screened porch hot tub, plus basement living and a newer roof.

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    Two-Home Short-Term Rental Property
    Two-Home Short-Term Rental Property

    556/558 Thorncliff Drive, Seven Devils, NC 28604

    $1,199,000
    3.03 AC lot

    Main residence and A-frame guest cottage offer flexible accommodations with mountain views and multiple outdoor spaces.

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    Two-Home Short-Term Rental Property
    Two-Home Short-Term Rental Property

    556/558 Thorncliff Drive, Seven Devils, NC 28604

    $1,199,000
    3.03 AC lot

    Two residences include decks, fireplaces, and flexible office or guest space.

    View details

    Banner Elk, NC Short Term Rental Properties Market Trends and Statistics

    Explore 2 short term rental properties for sale in Banner Elk, NC on our real estate platform.

    Sale prices for short term rental properties in Banner Elk, NC average $875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 3
    Quadplexes 2

    Demographics Overview

    Population 7,280
    Population Growth (5Y) -4.7%
    Median Household Income $64,052
    College Educated 31.0%

    High-Yield Neighborhoods for Investment

    Identify Banner Elk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    28604 $875K

    Taxes & Financing

    Tax Rate (average for all types) 0.40%
    Property Tax per SF $7.60 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Avery County

    New Delisted

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