140 Library Lane, Banner Elk, NC

$1,999,000

Previous Next

4

Beds

3

Baths

3,723

Square feet

2.70

Acres

About 140 Library Lane

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.

Features of 140 Library Lane

MLS® # 256603
Price $1,999,000
Bedrooms 4
Bathrooms 3.00
Full Baths 3
Square Footage 3,723
Acres 2.70
Year Built 1897
Type Residential
Sub-Type Single Family Residence
Style Traditional
Status Active

Community Information

Address 140 Library Lane
Area 8-Banner Elk
Subdivision None
City Banner Elk
County Avery
Province NC
Postal Code 28604

Amenities

Utilities Cable Available, High Speed Internet Available
Parking Attached, Driveway, Garage, Two Car Garage, Gravel, Oversized, Private
# of Garages 2
Garages Attached, Driveway, Garage, Two Car Garage, Gravel, Oversized, Private
View Trees/Woods
Is Waterfront No
Has Pool No

Interior

Interior Features Attic
Appliances Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
Heating Electric, Forced Air, Fireplace(s), Gas, Hot Water, Radiant Floor, Wood Stove
Cooling Central Air, Other, See Remarks, Zoned
Fireplace Yes
# of Fireplaces 3
Fireplaces Three, Stone, Vented, Gas
# of Stories 2
Stories Two
Has Basement Yes
Basement Interior Entry, Partial, Unfinished

Exterior

Exterior Vinyl Siding, Wood Frame
Exterior Features Storage, Gravel Driveway
Windows Double Pane Windows, Wood Frames
Roof Architectural, Shingle
Construction Vinyl Siding, Wood Frame
Foundation Basement

School Information

Elementary Banner Elk
High Avery County

Additional Information

Date Listed June 30th, 2025
Days on Market 91
Short Sale No
RE / Bank Owned No

Listing Details

Office828 Real Estate
Contact Info(828) 386-6047

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?