About this home

Experience the charm of mountain living in this one-of-a-kind round chalet with sought-after ski-in/ski-out access on the slopes of Sugar Mountain. Just five minutes from downtown Banner Elk, this unique property offers the perfect blend of mountain adventure, convenience, and investment potential.With approximately 1,500 square feet, the home is thoughtfully designed with two separate living levels that can be rented together or independently, providing exceptional flexibility for short-term rentals or multi-generational use. Together, the property offers three bedrooms, inviting living spaces, and the cozy mountain ambiance guests and owners alike are looking for.Currently participating in a successful rental program, this property is ready to continue as an income-producing investment or become your personal mountain retreat. Recent improvements include a metal roof and hot water heater replaced in 2023 and new exterior siding in 2025. Enjoy four-season recreation just outside your door. Sugar Mountain offers skiing, snowboarding, snow tubing, mountain biking, golf, tennis, hiking, and scenic chairlift rides, while the restaurants, shopping, wineries, breweries, and attractions of Banner Elk are only minutes away.Whether you're searching for a vacation home, an investment property, or both, this distinctive Sugar Mountain chalet offers a rare opportunity in one of the High Country's most desirable resort locations.

Facts and features

Schools

• Banner Elk Elementary School

  elementary · K-5 · 1.4 mi

  8

• Avery Middle

  middle · 6-8 · 5.3 mi

  2

• Avery County High School

  high · 9-12 · 5.4 mi

  3

• Rainbow Christian Academy

  middle · 8-10 · 4.2 mi

• Newland Elementary School

  elementary · K-5 · 4.8 mi

  5

• Blue Ridge Academy

  middle · 6-12 · 5.3 mi

Price history

• Sep 10, 2026 · Price Changed$799,000
• Jul 25, 2026 · Listed$849,000
• Apr 13, 2022 · Sold$600,000
• Mar 4, 2022 · Relisted$675,000
• Mar 4, 2022 · Relisted$675,000
• Jan 18, 2022 · Listing Removed—
• Jan 17, 2022 · Listing Removed$675,000
• Jan 14, 2022 · Listed$675,000

Tax history

• 2025$2,586 tax · $380,400 assessed
• 2023$2,586 tax · $380,400 assessed
• 2022$1,594 tax · $380,400 assessed
• 2021$1,307 tax · $240,400 assessed
• 2020$2,294 tax · $234,800 assessed
• 2019$2,295 tax · $234,800 assessed
• 2018$2,295 tax · $234,800 assessed
• 2017$1,537 tax · $150,400 assessed

Home value

$771,386

• Quantarium$771,386
• Collateral Analytics$791,000
• Cotality$757,200

Where it is