140 Library Lane, Banner Elk, NC 28604 (MLS # 256603)

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PRICE $1,999,000 dsIDX morgage calculator
BEDS 4
BATHS 3
HOME SIZE 3,723 sqft
LOT SIZE 2.70 ac

Now offered at $1,999,000, 140 Library Lane delivers flexible living in the heart of Banner Elk. The 4BR/3BA main residence is complemented by a separate 1BR/1BA fully furnished apartment over the garage"”ideal for multi-generational living, guest space, or rental income. Set on 2.97 private acres in town, this property offers the rare combination of privacy, convenience, and versatility"”just minutes to restaurants, shopping, festivals, and Lees-McRae College. Historic details include original wood floors, solid wood doors, wide baseboards, and wormy chestnut trim, anchored by three grand stone fireplaces (converted to natural gas) and a wood-burning stove. Modern upgrades enhance the character: new appliances, updated siding and windows, a spacious new deck, two storage sheds, and a two-car garage wired for an EV. A large workshop/studio with 220v/45 amp service is perfect for creative or professional projects. The grounds invite exploration with stone porches and patios, a swing by the pond, blooming gardens, and rhododendron groves. Zoned R-2, the property allows for accessory dwellings, home occupations, and more, with potential for commercial or institutional rezoning (subject to approval). A rare opportunity to own nearly 3 acres of history, character, and versatility in the heart of Banner Elk.

DAYS ON MARKET 99 LAST UPDATED 9/25/2025
TRACT None YEAR BUILT 1897
COMMUNITY 8-Banner Elk GARAGE SPACES 2.0
COUNTY Avery STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Banner Elk
High School Avery County

PRICE HISTORY
Prior to Sep 25, '25 $2,200,000
Sep 25, '25 - Today $1,999,000


ADDITIONAL DETAILS
AIR Central Air, Other, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
AREA 8-Banner Elk
BASEMENT Interior Entry, Partial, Unfinished, Yes
CONSTRUCTION Frame, Vinyl Siding, Wood Siding
EXTERIOR Storage
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Fireplace(s), Forced Air, Hot Water, Natural Gas, Radiant Floor, Wood Stove
INTERIOR High Speed Internet
LOT 2.7 acre(s)
PARKING Gravel, Attached, Driveway, Garage, Oversized, Private
SEWER Public Sewer
STORIES 2
STYLE Traditional
SUBDIVISION None
TAXES 4563.57
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Trees/Woods
WATER Public
ZONING R2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Corrinne Loucks, 828 Real Estate, (828) 386-6047

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