520 Penny Lane

 
Loading...

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Bed: 2
Bath: 2
1/2 Bath: 0
Sq. Ft.: 1,573
Acreage: 0.01

Community: Banner Elk in Avery County

Bed: 2
Bath: 2
1/2 Bath: 0
Sq. Ft.: 1,573
Acreage: 0.01

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Experience refined mountain living in this stunning level-entry, 2 bedrooms, 2 baths, end-unit condo, perfectly situated just minutes from Banner Elk, Lees-McRae College, and the premier ski resorts of Beech and Sugar Mountain. Boasting superior soundproofing and high-end finishes throughout, this luxury residence offers both comfort and sophistication. Step into a spacious, open-concept layout featuring a gourmet kitchen with granite countertops, perfect for entertaining. Unwind in the primary ensuite a walk-in shower, and a walk-in closet with custom shelving. Enjoy cozy evenings by the natural gas fireplace or dine al fresco with a built-in outdoor grill while soaking in breathtaking long-range views. Additional highlights include natural gas heating, elegant design details, and a 30-day minimum rental policy, offering flexibility for both homeowners and investors. Truly a rare find in the High Country.

Listed by Realty One Group Results-Boone
Attribution: [email protected]
Original Listing Price: 582,000
MLS #: ‍4244171
Listing Status: Active
Days on Market: 7
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2025-04-19 at 5:45AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.

Some IDX listings have been excluded from this website.

Copyright © 2025. All rights reserved.

Map

close
  • Mapbox
  • Google
  • Topo Map

Directions: GPS will get you to The Vistas, you will then drive to the end of the road to the top condo units and 520 Penny Lane 1B will be the first condo.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

View Directions on Map

Property Features

close
Basement/Foundation: Slab
Water: City
Year Built: 2018
Association Fee: 2697
Subdivision: None
Roof: Shingle
Exterior Features: Elevator
Cooling: Central Air
Sewer: Public Sewer
Floors: Laminate,Tile
Garage/Carport: Parking Space(s)
Heating/Cooling: Forced Air,Natural Gas

Mortgage Calculator

close
  • Payment Calculator
  • Qualifying Income
  • How much can I afford?
Purchase Price:
$
Down Payment:
$
Interest Rate:
%
Amortization Period:
Years
Results:
Monthly payment including interest:
$
Estimated Monthly Payment:
$
Annual Salary:
$
Other Annual Income
$
Annual Property Tax:
$
Annual Home Insurance:
$
Monthly Debt Payments:
$
Loan Criteria
Combined Annual Gross Income:
Wages Per Month:
Total Debt:
Results:
PITI using 36% RATE A:
PITI using 28% RATE B:
Monthly Payment Cap (RATE A):
Monthly Payment Cap (RATE B):
RATE A
The 36% income is based on the PITI (mortgage principal plus interest amount plus your monthly property tax and home insurance), PLUS any other debt payments you must pay every month.
RATE B
The 28% income is based on PITI (Principal + Interest + Tax + Insurance) or more specifically, the mortgage principal plus interest amount plus your monthly property tax and home insurance the lender typically holds in an escrow account for you.
Down Payment:
$
Total Monthly Payment:
$
Length of Loan (years):
Interest Rate (%):
%
Property tax rate (1% = $1000/yr for 100K house):
%
Home Owners Insurance:
$
Mortgage Insurance Premium (generally between $1000 and $5000 per year):
$

By making a down payment of $ and paying $ per month, you will able to afford a home that costs $ . You will need to qualify for a loan of $.

Summary of Your Monthly Payment
Principal and Interest:
Taxes and Insurance:
Mortgage Insurance:

Schools

close
  • High School: Avery County
  • Middle School: Avery County
  • Elementary School: Banner Elk
All Filters
Filter By Price
No Min
To
No Max