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 |
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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 |
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Area | 8-Banner Elk |
Subdivision | None |
City | Banner Elk |
County | Avery |
Province | NC |
Postal Code | 28604 |
Amenities
Utilities | Cable Available, High Speed Internet Available |
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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 |
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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 |
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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 |
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High | Avery County |
Additional Information
Date Listed | June 30th, 2025 |
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Days on Market | 91 |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | 828 Real Estate |
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Contact Info | (828) 386-6047 |