Ashe High Country Realty
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40 Painter Road

253593 Banner Elk, NC 28604

2
Beds

1
Baths

491
Sqft

0.953
Acres

$289,000

For Sale

Historic Farmhouse in Banner Elk with Strong Short Term Rental Performance This early 1900s farmhouse offers far more usable space than the 491 sq ft listed on paper. Due to ceiling heights under 7 feet, only a portion is counted, yet the home provides over 1,500 sq ft of functional living space. From practical bedrooms to flexible gathering areas, the layout delivers comfort, efficiency, and plenty of room to accommodate guests. Located just minutes from Banner Elk town center, the property blends historic character with modern-day appeal. Guests consistently rave about the central location, with Banner Elk Winery only 1 mile away and two ski slopes within 5 miles. It’s been well maintained, retains its original charm, and offers a unique setting that continues to attract travelers looking for something memorable and authentic. For investors, the numbers speak for themselves. This home is already established on Airbnb and VRBO, generating more than $23,000 in 2025 to date. It holds all 5 star reviews on Airbnb and benefits from an experienced Superhost who has built strong visibility and consistent demand. The next owner steps into a turnkey short term rental with proven performance and immediate income potential. The home is being sold fully furnished, making onboarding simple whether you plan to continue operating it as a high performing short term rental, use it as a personal getaway, or both. Its proximity to recreation, restaurants, wineries, and year round attractions further strengthens its rental appeal. If you’re looking for a well positioned investment with character, reliable returns, and room to grow, this Banner Elk farmhouse deserves a close look. It’s a unique asset with a story, strong momentum, and the kind of charm guests continue to rave about.

Listing ID:

253593

Property Type:

Single Family

Year Built:

1909

Bedrooms:

2

Bathrooms:

1 Full, 0 Half

Sqft:

491

Acres:

0.953

Map

Latitude: 36.170094   Longitude: -81.852229

Location & Neighborhood

City: Banner Elk

County: Avery

Area: 8-Banner Elk

Subdivision: None

Environment

Utilities & Features

Heat: Baseboard, Ductless, Electric

Sewer: Septic Permit Unavailable

Appliances: Dryer, Electric Range, Microwave, Refrigerator, Washer

Parking: Driveway, Gravel, No Garage, Private

Interior

Fireplace: Masonry

Sqft Living Area Above Ground: 491

Sqft Total Living Area: 491

Exterior

Exterior: Gravel Driveway

Style: Farmhouse, Mountain

Construction

Construction: Wood Siding, Wood Frame

Roof: Metal

Financial

Property Taxes: $447

Other

Price Per Sqft: $589

Price Per Acre: $303,253

40 Painter Road, Banner Elk, NC 28604

Call 336-246-6348

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Listing Courtesy of High Country Resort Properties

The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.

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