140 Library Lane, Banner Elk, NC 28604
- $2,200,000
- 4
- BD
- 3
- BA
- 3,723
- SqFt
- List Price
- $2,200,000
- Days on Market
- 48
- Status
- ACTIVE
- Type
- Single Family Residential
- MLS#
- 256603
- County
- Avery
- City
- Banner Elk
- Bedrooms
- 4
- Bathrooms
- 3
- Total Living Area
- 3,723
- Acres
- 2.70
- Year Built
- 1897
Property Description
A Historic Lees-McRae Legacy with Timeless Character, Modern Comforts, and Unmatched Location! Rich in history and full of enduring charm, 140 Library Lane was the home of Reverend Edgar Tufts, founder of Lees-McRae College. Perfectly positioned in the heart of Banner Elk, you can stroll to the vibrant downtown scene—town park, restaurants, boutique shops, theaters, galleries, and a yoga studio—plus seasonal attractions like the Farmer’s Market, concerts, festivals, and parades. Yet, despite its incredible convenience, the property offers 2.7 acres of privacy with sweeping mountain vistas, creating a peaceful retreat just steps from it all. This stately 5-bedroom, 4-bath home (including a separate 1-bedroom, 1-bath fully furnished guest apartment over the garage) showcases old-world craftsmanship with original wood floors, solid wood doors, wide baseboards, and beautiful wormy chestnut trim. Three grand stone fireplaces—now converted to natural gas—anchor the living spaces, complemented by a wood-burning stove for rustic charm and warmth. Modern upgrades blend seamlessly into the home’s character: new appliances, updated siding and windows (post-hurricane), a large new deck tucked among the trees, and two spacious storage sheds for added convenience. The two-car garage is wired for an electric vehicle, and a large workshop/studio with a 220v/45 amp outlet is ideal for creative or professional projects. The grounds are equally enchanting, offering peaceful vignettes: a welcoming stone front porch, two additional stone patios, a swing beside a quiet pond, blooming flower gardens, a mature apple tree, prolific blueberry bushes, and stone walkways that invite you to explore. Currently zoned R-2, the property allows accessory buildings, accessory dwellings, home occupations, and other special uses. With direct frontage on Highway 194 and surrounded by campus, rezoning for commercial or institutional use is also viable, subject to town approval. Lovingly stewarded by the Tufts family for over 125 years, 140 Library Lane is more than a home—it is a landmark, a story, and a rare opportunity to own a piece of Banner Elk’s soul.
Additional Information
- Exterior Amenities
- Storage, Gravel Driveway
- Interior Amenities
- Attic
- Appliances
- Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Basement
- Interior Entry, Partial, Unfinished
- Fireplace
- Three, Stone, Vented, Gas
- Garage
- Attached, Driveway, Garage, Two Car Garage, Gravel, Oversized, Private
- Heating
- Electric, Forced Air, Fireplace(s), Gas, Hot Water, Radiant Floor, Wood Stove
- Road
- Gravel, Paved
- Roof
- Architectural, Shingle
- Elementary School
- Banner Elk
- High School
- Avery County
- Sewer
- Public Sewer
- Style
- Traditional
- Windows
- Double Pane Windows, Wood Frames
- View
- Trees/Woods
- Water Source
- Public
- Zoning
- R2
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This Listing is courtesy of Corrinne Loucks with 828 Real Estate. (828) 386-6047
The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”