40 Painter Road, Banner Elk, NC 28604
Property image
Property image
SOLD
MAR 5, 2026

$237,700

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 491 sqft (on 0.95 acres)

40 Painter Road, Banner Elk, NC 28604

Est. Refi. Payment $1,433/mo*
Refinance Your Home
Currently Off Market - Sold Mar 5, 2026 for $265,000 (3% below list price)

Home Value

Trulia Estimate
$238K
Since last month
Decreased$15K (-5.8%)
Since last year
Decreased$43K (-15.2%)
Since last sale
Decreased$24K (-9.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +23% in the last 10 years
MonthEstimated value
2026
September 2026$241K
July 2026$256K
June 2026$256K
March 2026$265K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
340 Balsam Lane, Beech Mountain, NC
0.64
Single-Family Home
$484,000
07/17/26
2
2
1,420
1697 Balm Hwy, Banner Elk, NC
0.36
Single-Family Home
$350,000
09/26/25
4
3
2,864
165 Collier Lane, Banner Elk, NC
0.49
Single-Family Home
$380,000
03/20/26
3
2.5
2,067
150 Ivy Court, Beech Mountain, NC
0.66
Single-Family Home
$383,000
03/02/26
2
2.5
1,140
159 Covered Bridge Road, Banner Elk, NC
1.00
Single-Family Home
$140,000
10/02/25
2
1
1,254
281 OLD TURNPIKE RD. EAST, Banner Elk, NC
0.76
Single-Family Home
$412,500
08/07/26
3
2
1,664
88 Covered Bridge Road, Banner Elk, NC
1.07
Single-Family Home
$490,000
10/27/25
2
2
1,096
17 Grey Fox Ridge Road, Banner Elk, NC
1.09
Single-Family Home
$575,000
07/20/26
3
2
1,654

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Tbd Highway 194, Banner Elk, NC 28604
0.09
-
-
-
-
Off Market
70 Painter Road, Banner Elk, NC 28604
0.15
$251,500
3
2
1,285
Off Market
1194 BALM HIWAY, Banner Elk, NC 28604
0.20
-
-
-
-
Off Market
136-D Wapiti Way #9-D, Banner Elk, NC 28604
0.24
$400,000
2
2
1,520
Recently Sold
TBD Ed Perry Ln NC TBD Ed Perry Ln NC Lane, Banner Elk, NC 28604
0.25
$80,000
-
-
-
Recently Sold
162-F Wapiti Way Bldg 10 Unit F, Banner Elk, NC 28604
0.26
$470,500
2
2
1,508
Off Market
135-D Wapiti Way #8-D, Banner Elk, NC 28604
0.26
$465,000
2
2
1,520
Recently Sold
135 Wapiti Way #F, Banner Elk, NC 28604
0.27
$474,200
2
2
1,552
Off Market
162 Wapiti Way #D, Banner Elk, NC 28604
0.28
$470,000
2
2
1,521
Recently Sold
135 Wapiti Way #C, Banner Elk, NC 28604
0.29
$585,000
3
3
2,249
Recently Sold
162-D Red Deer Run Bldg 7 Unit D, Banner Elk, NC 28604
0.29
$512,400
2
2
1,516
Off Market

Local Information

  • Map ViewExplore the area around 40 Painter Road.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1909
0.95 acre lot
491 sqft
$540/sqft
Open Parking

About this House

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.
40 Painter Road, Banner Elk, NC 28604 is a 2 bedroom, 1 bathroom, 491 sqft single-family home built in 1909. It last sold for $265,000 on Mar 5, 2026 (3% below the $272,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $237,700, with a rent estimate of $1,315/month.
Last check for updates: about 18 hours ago
Listed by Michelle Griffin, (828) 260-7751
High Country Resort Properties
Bought with: Samantha Benfield, (828) 406-4110, Keller Williams High Country
Originating MLS: High Country Association of Realtors Inc.
Source: High Country AOR, MLS#253593

Home Details for 40 Painter Road

Interior Features

Interior Details
Basement: Crawl Space
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 491 Square Feet
Appliances & Utilities
Appliances: Dryer, Electric Range, Microwave, Refrigerator, WasherDryerLaundry: Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Baseboard,Ductless,ElectricHas CoolingAir Conditioning: DuctlessHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Fireplace: MasonryHas a Fireplace
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: CoveredExterior: Gravel Driveway
Parking & Garage
No GarageNo Attached GarageHas Open ParkingParking: Driveway,Gravel,No Garage,Private
Frontage
Road Frontage: Private RoadRoad Surface Type: GravelNot on Waterfront
Water & Sewer
Sewer: Septic Permit Unavailable
Finished Area
Finished Area (above surface): 491 Square Feet

Property Information

Year Built
Year Built: 1909
Property Type / Style
Property Type: ResidentialProperty Subtype: Farm, Single Family ResidenceArchitecture: Farmhouse,Mountain
Building
Construction Materials: Wood Siding, Wood FrameDoes Not Include Home Warranty
Property Information
Parcel Number: 18590083616400000

Price & Status

Price
List Price: $272,500Price Per Sqft: $540/sqft

Active Status

MLS Status: Closed

Location

Direction & Address
City: Banner ElkCommunity: None
School Information
Elementary School: Banner ElkHigh School: Avery County

Community

Community Features: Short Term Rental Allowed

HOA

Association for this Listing: High Country Association of Realtors Inc.No HOA

Lot Information

Lot Area: 0.95 acres

Offer

Listing Terms: Cash, Conventional, New Loan

Miscellaneous

Mls Number: 253593Living Area Range Units: Square FeetAttribution Contact: (828) 260-7751Above Grade Unfinished Area: 491Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-37011-N-18590083616400000-R-N

Additional Information

Short Term Rental AllowedDays On Market Replication: 393

Price and Tax history

DateEventPrice
Mar 5, 2026
Source: High Country AOR #253593
Sold
$265,000
Jan 24, 2026
Source: High Country AOR #253593
Contingent
$272,500
Jan 17, 2026
Source: High Country AOR #253593
PriceChange
$272,500
Price decreased by 6%
Oct 27, 2025
Source: High Country AOR #253593
PriceChange
$289,000
Price decreased by 3%
Aug 16, 2025
Source: Canopy MLS as distributed by MLS GRID #4258923
PriceChange
$299,000
Price decreased by 4%

Market trends in Banner Elk

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$634K
Sale-to-List Price
—
Price per sq ft
$386
Available listings
178
2MoM

Around this home

What Locals Say about Banner Elk

At least 28 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 87 % Say parking is easy

  • 84 % Say there's wildlife

  • 83 % Say there's holiday spirit

  • 76 % Say yards are well-kept

  • 71 % Say people would walk alone at night

  • 71 % Say it's quiet

  • 67 % Say it's dog friendly

  • 67 % Say they plan to stay for at least 5 years

  • 54 % Say kids play outside

  • 52 % Say neighbors are friendly

  • 50 % Say streets are well-lit

  • 40 % Say there are community events

  • 33 % Say it's walkable to restaurants

  • 29 % Say there are sidewalks

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Dslarson1983
    "Valle Crucis park is great for the family! There are great play areas for kids, walking paths, and fishing right on the Watauga River. There are great Mast General Store is an awesome place to visit with the family. There is a great beaf jerky shop nearby as well in Valle Crucis. There are 3 ski resorts within striking distance, plus lots of hiking. "
    0
    Flag
  • Emma N.
    "Lived in the area most my life. Called the closest place to heaven. No longer the same like to visit on occasion but no longer a place I would live. "
    0
    Flag
  • James Behan
    "We love the rural community, the people are friendly, lots of farms, beautiful in all seasons , you need to like mountain roads"
    1
    Flag
  • Suzie S.
    "Great area if you dont have to drive & you can afford it. Mostly students, retirees, tourists, contruction workers, loggers, and wealthy 4th homes. Over 3,000 short-term rentals. No place for service workers to live. Very congested with roadwork and tourists in the summer. Nice weather, but it pretends to be the Aspen of Dixie. Housing is same cost as California, but no jobs."
    3
    Flag
  • Suzie S.
    "I have seen the High Country change tremendously since 2010. Itt saddens me that we cater mostly to tourists & so many summer residents are incredibly rude. No housing for middle income. It is a huge issue. Beautiful views & weather despite Mack trucks, Loggers, and constant roadwork & traffic. If you are uber wealthy & don't have to commute or work, it is the bees knees as any place would be."
    2
    Flag
  • Ambur F.
    "We have block parties on every 4th of July. They have things for adults and children. I also know all my neighbors by their first names. "
    0
    Flag
  • Cindyduckworth
    "we have a pool and great neighborhood the people are very friendly and everyone has a pet . I hope to get to know everyone better."
    0
    Flag
  • Melinda_kolar
    "Great schools & colleges, amazing neighborhoods and very family oriented & pet friendly. It’s an incredible place to live."
    2
    Flag
  • Greeneyedgirl0027
    "We have block parties on major holidays. With food drinks and games for kids including face painting."
    0
    Flag
  • Kjbutchko
    "I see a lot of dog friendly venues. People are dining outside with their fur babies. Many services for pets - groomers, vets, pet supply stores. I have not seen any dog parks."
    0
    Flag
  • Greeneyedgirl0027
    "There is a lot of grass and hills for the dogs to have fun on and sniff. The only downside is it's a busy street and dogs can easily be hurt by oncoming traffic."
    0
    Flag
  • Acutabove
    "I have lived in my neighborhood for almost 18 years and find it quiet and friendly. We are close to 105 therefore are close to all amenities in the High Country."
    1
    Flag
  • Sonhamby
    "I have lived at my address for 8+years! It is truly amazing. Summer is awesome here! Winter is brutal!"
    4
    Flag
  • Dmtvbh
    "We love the nice cool weather, and everyone we have met have been completely amazing and helpful in any way! We walk to the park daily with our 4yr old and our dog it’s so beautiful!! "
    14
    Flag
  • russellfamilyhk
    "We have a second home in Chestnut Falls and absolutely love it.....great area to get away from it all but still be accessible. Love it."
    0
    Flag

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Frequently asked questions about 40 Painter Road

  • What is 40 Painter Road estimated to be worth?
    Trulia's estimated value for 40 Painter Road in Banner Elk, NC is $237,700.
  • What is the price history for 40 Painter Road?
    40 Painter Road in Banner Elk, NC last sold for $265,000 in March 2026.
  • Is Banner Elk a buyer's or seller's market?
    Banner Elk is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Banner Elk?
    The median sale price in Banner Elk is $634K.
  • Does 40 Painter Road have air conditioning?
    Yes, 40 Painter Road in Banner Elk, NC has air conditioning.
  • Does 40 Painter Road have laundry facilities?
    Yes, 40 Painter Road in Banner Elk, NC has in-unit laundry.

Explore by feature - Pet Friendly

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Explore by feature - Air Conditioning

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