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118 Overbrook Trail, Banner Elk, NC, 28604

5beds
5baths
2,562sqft
$499,000
$195price/sqft
$3,035/moest. monthly cost
$121,400/yrincome needed

About This Home

Step back into Beech Mountain’s original charm with this truly one-of-a-kind property offering incredible space, versatility, and value. Perfectly suited for a large family mountain retreat, a multi-generational getaway, or a savvy investor seeking strong rental potential, this property captures the classic Beech Mountain feel that so many seek but few find. The main home features 5 bedrooms and 4.5 bathrooms, offering spacious living areas and vintage mountain character throughout. From the warm wood accents to the cozy gathering spaces, the home exudes a timeless lodge-like atmosphere that invites relaxation after a day on the slopes or trails. Adding even more appeal, this property includes two separate guest apartments, each with 2 bedrooms and private entrances, ideal for extended family, guests, or rental income opportunities. Each apartment offers its own kitchen and living area, creating privacy and flexibility for owners and visitors alike. While the home is ready for some updates, polishing, and TLC, its structure, layout, and setting provide a solid foundation for those looking to restore or reimagine a true Beech Mountain gem. With thoughtful improvements, this property could easily transform into a showpiece retreat or high-performing short-term rental compound. Located just minutes from the Beech Mountain Club, ski slopes, hiking trails, and town amenities, you’ll enjoy the best of mountain living with endless recreation right at your doorstep. And best of all, it’s priced below tax value, offering an unbeatable opportunity to own a large, unique mountain property with income-producing potential at an exceptional price. Whether you’re looking to create a family legacy home or invest in one of Beech Mountain’s most distinctive properties, this vintage retreat is ready to shine again.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
Valle Crucis ElementaryGrades PK-85.0 mi
8/10
Watauga HighGrades 9-1212.1 mi

Construction

Condition

  • Year built: 1970

Materials

  • Foundation: Basement
  • Roof: Asphalt,Shingle
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Chalet/Alpine
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Oven,Dryer,Dishwasher,Electric Cooktop,Electric Range,Refrigerator,Washer
  • Laundry features: Washer Hookup,Dryer Hookup,Upper Level

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Furnished,Hot Tub/Spa,Second Kitchen
  • Number of fireplaces: 3
  • Fireplace features: Three,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,562

Heating & Cooling

  • Heating features: Baseboard,Electric,Space Heater,Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 2,562
  • Total interior livable area: 2,562 sqft

Property

Details

  • Parcel number: 1950359580000
  • Zoning description: R2

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Other,See Remarks
  • Exterior features: Gravel Driveway
  • Has spa: Yes
  • Spa features: Hot Tub
  • Has view: Yes
  • View description: Long Range,Mountain(s)

Lot

  • Lot size: 0.38 Acres

Parking

  • Parking features: Driveway,Gravel,No Garage,Private
  • Has uncovered spaces: Yes