Real Estate Investment Properties for Sale in Banner Elk, NC

Looking for investment property in Banner Elk, NC with high ROI ?

Explore a variety of short-term homes & houses in Banner Elk, NC. Invest wisely with VRBO & Banner Elk, NC Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Banner Elk, NC

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
144 Grandfather Farms Rd Banner Elk, NC Stunning and Serene. Wake up to Grandfather Mountain perfectly framed in your primary bed...	3 beds \| 2 baths \| 2,003 sq.ft.	$569,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 2.59% Airbnb Rental Income: $1111 Traditional Rental Income: $2216 Airbnb ROI: -0.19% Traditional ROI: 2.59%
311 Penny Ln #2D Banner Elk, NC Luxury mountain living at its finest where unobstructed long-range views of Grandfather an...	3 beds \| 3 baths \| 2,264 sq.ft.	$749,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 1.58% Airbnb Rental Income: $1111 Traditional Rental Income: $2862 Airbnb ROI: -1.47% Traditional ROI: 1.58%
5349 Hickory Nut Gap Rd Banner Elk, NC Charming 2 BR / 2 BA mountain home located just a few miles outside of Banner Elk, NC. Thi...	2 beds \| 2 baths \| 1,215 sq.ft.	$374,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 3.3% Airbnb Rental Income: $948 Traditional Rental Income: $1667 Airbnb ROI: 0.26% Traditional ROI: 3.3%
24 Creekside Dr #A Banner Elk, NC Cozy, cute and charming!!! This light filled home has that rustic mountain vibe you're loo...	1 beds \| 1 baths \| 509 sq.ft.	$219,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 2.55% Airbnb Rental Income: $647 Traditional Rental Income: $1093 Airbnb ROI: -1.04% Traditional ROI: 2.55%
25 Reuben Wooten Road Banner Elk, NC 25 Reuben Wooten Road is a 3 bedroom, 2 bath home with a bonus room HUGE living room, a di...	3 beds \| 2 baths \| 1,442 sq.ft.	$275,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 5.33% Airbnb Rental Income: $1111 Traditional Rental Income: $1772 Airbnb ROI: 1.34% Traditional ROI: 5.33%
870 Clubhouse Drive B2 Banner Elk, NC This newly remodeled condo is nestled on hole #10 of the sought after Elk River Club Golf ...	3 beds \| 4 baths \| 2,355 sq.ft.	$1,495,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 0.89% Airbnb Rental Income: $1111 Traditional Rental Income: $2915 Airbnb ROI: -0.68% Traditional ROI: 0.89%
314 Andy Hicks Rd Banner Elk, NC Welcome to this well-maintained, 3-bedroom, 1-bath farmhouse sitting on 3.7 acres of beaut...	3 beds \| 1 baths \| 1,008 sq.ft.	$275,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.96% Airbnb Rental Income: $1111 Traditional Rental Income: $1184 Airbnb ROI: 1.24% Traditional ROI: 2.96%
165 Collier Ln Banner Elk, NC Convenient location to all the fantastic things to do in Banner Elk. The home has a serene...	3 beds \| 2 baths \| 2,067 sq.ft.	$399,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.19% Airbnb Rental Income: $1111 Traditional Rental Income: $2146 Airbnb ROI: 0.43% Traditional ROI: 4.19%
762 George Eggers Rd Banner Elk, NC Experience the beauty of the High Country with stunning Grandfather Mountain views from th...	2 beds \| 2 baths \| 1,624 sq.ft.	$1,170,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 0.8% Airbnb Rental Income: $948 Traditional Rental Income: $2205 Airbnb ROI: -0.68% Traditional ROI: 0.8%
155 & 89 Sugar Bear Ridge Ln Banner Elk, NC Large TURN KEY Log Cabin Lodge on 7.8 acres of land with a separate 1 bedroom + bunk room ...	3 beds \| 3 baths \| 4,385 sq.ft.	$1,695,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 0.86% Airbnb Rental Income: $1111 Traditional Rental Income: $4332 Airbnb ROI: -1.43% Traditional ROI: 0.86%
644 Teaster Valley Ln Banner Elk, NC 27.833 acres Banner Elk City Mobile home sits on top of the mountain with partially fini...	3 beds \| 2 baths \| 504 sq.ft.	$3,500,000	Airbnb cash on cash: -0.85% Traditional cash on cash: -0.7% Airbnb Rental Income: $1111 Traditional Rental Income: $1232 Airbnb ROI: -0.85% Traditional ROI: -0.7%
140 Library Lane Banner Elk, NC Luxury, Land, and Location in the Heart of Banner Elk Now offered at $1,999,000, 140 Li...	4 beds \| 3 baths \| 3,723 sq.ft.	$1,999,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 0.59% Airbnb Rental Income: $1795 Traditional Rental Income: $3225 Airbnb ROI: -0.45% Traditional ROI: 0.59%
56 Eagle Cottage Ln Banner Elk, NC Welcome to 56 Eagle Cottage Lane, a fly-fisher's dream retreat nestled in the premier Rive...	2 beds \| 2 baths \| 1,348 sq.ft.	$879,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 0.3% Airbnb Rental Income: $948 Traditional Rental Income: $1889 Airbnb ROI: -1.27% Traditional ROI: 0.3%
404 Silver Eagle Trl Banner Elk, NC Seize the Rare Opportunity to own "Sunset in Paradise", a $4.5 million Masterpiece nestled...	5 beds \| 4 baths \| 4,959 sq.ft.	$4,500,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 0.27% Airbnb Rental Income: $2200 Traditional Rental Income: $6045 Airbnb ROI: -0.79% Traditional ROI: 0.27%
555 Highland Dr Banner Elk, NC Charming Mountain Retreat with Guest Apartment & Breathtaking Views, nestled at the base o...	3 beds \| 2 baths \| 2,813 sq.ft.	$950,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.35% Airbnb Rental Income: $1111 Traditional Rental Income: $2392 Airbnb ROI: -0.52% Traditional ROI: 1.35%
584 Grey Fox Ridge Road Banner Elk, NC "Escape to 'Amazing View Lodge,' a big, beautiful 4-bedroom 4.5-bathroom (each bedroom has...	4 beds \| 5 baths \| 2,558 sq.ft.	$1,645,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 1.16% Airbnb Rental Income: $1795 Traditional Rental Income: $3539 Airbnb ROI: -0.3% Traditional ROI: 1.16%
280 Chinkapin Rdg Banner Elk, NC *PRICE REDUCTION* Enjoy beautiful Grandfather Mountain views from your new multilevel ...	1 beds \| 1 baths \| 828 sq.ft.	$475,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 1.64% Airbnb Rental Income: $2576 Traditional Rental Income: $1306 Airbnb ROI: 3.11% Traditional ROI: 1.64%
487 Klonteska Dr Banner Elk, NC Located just minutes from Downtown Banner Elk, this exceptional custom log home offers a r...	4 beds \| 3 baths \| 3,367 sq.ft.	$1,495,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.36% Airbnb Rental Income: $1795 Traditional Rental Income: $3135 Airbnb ROI: -0.96% Traditional ROI: 0.36%
123 High Country Overlook Banner Elk, NC 123 High Country Overlook, Deep Gap, NC 28604 \| Single Family Residential	3 beds \| 3 baths \| 1,677 sq.ft.	$1,199,900	Airbnb cash on cash: -1.76% Traditional cash on cash: -0.81% Airbnb Rental Income: $1111 Traditional Rental Income: $1794 Airbnb ROI: -1.76% Traditional ROI: -0.81%
158 Springwater Ln Banner Elk, NC 158 Springwater Ln, Boone, NC 28604 \| Single Family Residential	4 beds \| 5 baths \| 4,459 sq.ft.	$2,850,000	Airbnb cash on cash: -1.59% Traditional cash on cash: -0.56% Airbnb Rental Income: $1795 Traditional Rental Income: $4014 Airbnb ROI: -1.59% Traditional ROI: -0.56%
C-125 Springwater Ln Banner Elk, NC C-125 Springwater Ln, Boone, NC 28604 \| Other	N/A beds \| N/A baths \| N/A	$335,000	Airbnb cash on cash: -2.18% Traditional cash on cash: -1.41% Airbnb Rental Income: $547 Traditional Rental Income: $508 Airbnb ROI: -2.18% Traditional ROI: -1.41%
131 Eagle Roost Banner Elk, NC 131 Eagle Roost, Boone, NC 28604 \| Other	N/A beds \| N/A baths \| N/A	$324,000	Airbnb cash on cash: -2.03% Traditional cash on cash: -1.29% Airbnb Rental Income: $547 Traditional Rental Income: $491 Airbnb ROI: -2.03% Traditional ROI: -1.29%
617 Eagle Creek Trail Banner Elk, NC Discover an architectural masterpiece on a rare and expansive 8.8 acre parcel within the g...	4 beds \| 5 baths \| 3,977 sq.ft.	$3,950,000	Airbnb cash on cash: -1.5% Traditional cash on cash: -1.3% Airbnb Rental Income: $1795 Traditional Rental Income: $2053 Airbnb ROI: -1.5% Traditional ROI: -1.3%
1559 Sugar Mountain Dr #23 Banner Elk, NC Experience mountain living at its finest in this fully renovated 3-bed, 2.5-bath condo per...	3 beds \| 2 baths \| 1,234 sq.ft.	$499,000	Airbnb cash on cash: 4.51% Traditional cash on cash: 0.57% Airbnb Rental Income: $4611 Traditional Rental Income: $1816 Airbnb ROI: 4.51% Traditional ROI: 0.57%
2752 Broadstone Rd Banner Elk, NC 2752 Broadstone Rd, Banner Elk, NC 28604 \| Single Family Residential	2 beds \| 1 baths \| 1,416 sq.ft.	$1,800,000	Airbnb cash on cash: -1.53% Traditional cash on cash: -1.25% Airbnb Rental Income: $948 Traditional Rental Income: $1071 Airbnb ROI: -1.53% Traditional ROI: -1.25%

Real Estate investment in Banner-elk, NC

There are 274 properties for sale in the city of Banner Elk . The median list price in Banner Elk is $950,000 and the average price per square foot is $438. In February 2026, the average monthly cash on cash return in Banner Elk is 1.00%. The average monthly rental income in Banner Elk is $2,112.

Banner-elk, NC Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 274 investment properties available for sale in Banner-elk.

In 2026, the best neighborhood to buy investment property is Banner Elk.

The ROI for Long-Term is higher than the Short-Term in Banner-elk with average rental income of $2,112.

Your search for investment property begins and ends here

Investment Property for Sale in Banner Elk, NC

144 Grandfather Farms Rd

Banner Elk, NC

3 beds | 2 baths | 2,003 sq.ft.

$569,000

Airbnb cash on cash: -0.19%

Traditional cash on cash: 2.59%

Airbnb Rental Income: $1111

Traditional Rental Income: $2216

Airbnb ROI: -0.19%

Traditional ROI: 2.59%

311 Penny Ln #2D

Banner Elk, NC

3 beds | 3 baths | 2,264 sq.ft.

$749,000

Airbnb cash on cash: -1.47%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $1111

Traditional Rental Income: $2862

Airbnb ROI: -1.47%

Traditional ROI: 1.58%

5349 Hickory Nut Gap Rd

Banner Elk, NC

2 beds | 2 baths | 1,215 sq.ft.

$374,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 3.3%

Airbnb Rental Income: $948

Traditional Rental Income: $1667

Airbnb ROI: 0.26%

Traditional ROI: 3.3%

24 Creekside Dr #A

Banner Elk, NC

1 beds | 1 baths | 509 sq.ft.

$219,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $647

Traditional Rental Income: $1093

Airbnb ROI: -1.04%

Traditional ROI: 2.55%

25 Reuben Wooten Road

Banner Elk, NC

3 beds | 2 baths | 1,442 sq.ft.

$275,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $1111

Traditional Rental Income: $1772

Airbnb ROI: 1.34%

Traditional ROI: 5.33%

870 Clubhouse Drive B2

Banner Elk, NC

3 beds | 4 baths | 2,355 sq.ft.

$1,495,000

Airbnb cash on cash: -0.68%

Traditional cash on cash: 0.89%

Airbnb Rental Income: $1111

Traditional Rental Income: $2915

Airbnb ROI: -0.68%

Traditional ROI: 0.89%

314 Andy Hicks Rd

Banner Elk, NC

3 beds | 1 baths | 1,008 sq.ft.

$275,000

Airbnb cash on cash: 1.24%

Traditional cash on cash: 2.96%

Airbnb Rental Income: $1111

Traditional Rental Income: $1184

Airbnb ROI: 1.24%

Traditional ROI: 2.96%

165 Collier Ln

Banner Elk, NC

3 beds | 2 baths | 2,067 sq.ft.

$399,900

Airbnb cash on cash: 0.43%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $1111

Traditional Rental Income: $2146

Airbnb ROI: 0.43%