Residential Land with Home for Sale in Banner Elk, North Carolina

Luxury and Location in the Heart of Banner Elk

Now offered at $1,999,000, 140 Library Lane delivers flexible, refined mountain living in-town 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 accommodations, or rental income.

Set on 2.97 private, usable acres within town limits, this property offers the rare combination of privacy, convenience, and versatility--just minutes from Banner Elk's dining, shopping, festivals, and Lees-McRae College.

Historic character meets modern comfort with original wood floors, solid wood doors, wide baseboards, and wormy chestnut trim, anchored by three impressive stone fireplaces (converted to natural gas) and a wood-burning stove. Contemporary upgrades include new appliances, updated siding and windows, a spacious new deck, two storage sheds, and a two-car garage wired for EV charging.

A large workshop/studio with 220v/45-amp service provides space for creative or professional pursuits. The park-like 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 three acres of history, character, and versatility--right in the heart of Banner Elk.