The Highlands Real Estate

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Newest Listings in The Highlands

$630,000

5 Beds ⋅ 4 Baths ⋅ 260222 MLS

Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor—one off the dining area and one off the living room—extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat—minutes to dining, shopping, skiing, and year-round recreation.

132 Heather Lane, Banner Elk

$99,000

259082 MLS

Take advantage of this competitively priced 1.68-acre homesite featuring expansive long-range mountain views in one of Banner Elk’s most desirable locations. This road-to-road lot offers an excellent setting for your mountain retreat, just minutes from ski resorts, dining, wineries, hiking trails, golf courses, and the Blue Ridge Parkway. The well-established community features underground utilities, with city water and sewer available. Both short-term and long-term rentals are permitted, making this an outstanding opportunity for a primary residence, vacation home, or investment property.

Lot 27 Glendale Place, Banner Elk

$950,000

3 Beds ⋅ 3 Baths ⋅ 258471 MLS

Charming Mountain Retreat with Guest Apartment & Breathtaking Views, nestled at the base of Beech Mountain with a coveted Banner Elk address, this inviting mountain home offers the perfect blend of comfort, modern updates, and rustic charm. Just minutes from both Beech Mountain and Sugar Mountain Ski Resorts, the property is ideal for year-round living, a serene vacation home, or a smart investment opportunity. The spacious main residence features an elegant primary suite conveniently located on the main level, complemented by open-concept living spaces that showcase stunning mountain views. Recent updates include all-new flooring throughout the basement and upper levels (2024), a new HVAC system and furnace (installed in December 2024), a brand-new roof (September 2025), and a new refrigerator (2023), ensuring peace of mind and modern convenience. Step outside onto a generous deck, perfect for dining al fresco or simply soaking in the natural beauty that surrounds you. A standout feature is the detached guest apartment offering an additional 617 square feet of living space—not included in the main home's square footage—ideal for hosting visitors, generating rental income, or creating a private office or studio. With two garages, including an oversized one for extra storage or workshop space, and postcard-worthy views of both Grandfather Mountain and Sugar Mountain, this property is a rare find in one of North Carolina’s most desirable High Country locations. Don’t miss your chance to own this unique, versatile mountain retreat where comfort, convenience, and natural beauty meet. Furnishings negotiable.

555 Highland Drive, Banner Elk

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”