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Active
$729,900 Est. $5,029/mo — Get pre-qualified
3beds 3baths 2,134sq ft

311 Penny Lane 2B · Banner Elk, NC 28604

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Experience elevated mountain living in this like-new upper-level, two-story condo showcasing unobstructed panoramic views of Grandfather Mountain. This condo is thoughtfully set up for large family gatherings, with ample dining seating and comfortable spaces throughout the home for everyone to relax, dine, and spend time together. Offered furnished, excluding seller-designated items, this distinguished residence blends refined comfort, exceptional craftsmanship, and an enviable location just moments from downtown amenities, ski resorts, fine dining, hiking trails, shopping, and parks. With mild summer temperatures averaging approximately 75 degrees, this is an ideal year-round retreat. The elegantly appointed gourmet kitchen features granite countertops and a natural gas range oven, creating a sophisticated space for both everyday living and entertaining. Additional features include oversized closets, a generous walk-in laundry and pantry room, abundant natural light, and an impressive array of builder upgrades throughout. Unwind beside the striking stone natural gas fireplace or step onto the private covered deck to take in the breathtaking mountain vistas. The luxurious primary bath offers a stone travertine shower and a jetted whirlpool tub, delivering a true spa-inspired experience.
Set within a natural gas community designed for energy efficiency, this home offers remarkably reasonable monthly utility costs without compromising comfort or style. Every detail reflects thoughtful design, quality materials, and timeless elegance.
Please note that short-term rentals require a minimum 30-day stay. Stair access only. A truly exceptional mountain residence, this condo must be experienced in person to fully appreciate its beauty, sophistication, and attention to detail.

Features & Amenities

Living Area2,134 Sq.Ft.
Bedrooms3
Baths3
FireplaceYes
Virtual TourOpen Virtual Tour
Year Built2008
StatusActive
SubdivisionThe Vistas
CountyAvery
Property TypeResidential
Property SubTypeCondominium
Days on Market69
Last UpdatedSep 17, 2026
HOAYes — $1 / year
ElementaryBanner Elk Elementary School
MiddleUnknown Middle School
HighAvery County High School
Presented By: Blue Ridge Realty & Inv. - Banner Elk; info@brri.net

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Sep 17, 2026 Price Reduced $744,900 → $729,900 ▾ $15,000 (2.0%)
Jul 11, 2026 Price Change $759,000 —

Monthly Cost Estimate

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High Country Association of REALTORS (HCAOR) © Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Last Update: Sep 17, 2026