Sales comparison approach using recent sales of similar units within the same complex. Adjusted for renovation quality and ski-in/ski-out access. Assessed value of $103,400 appears below market.
Renovated Top-Floor Loft Condo with True Ski-In/Ski-Out Access
This top-floor, end-unit loft at Sugar Ski & Country Club delivers exactly what mountain buyers seek: direct slope access, recent upgrades, and a compact, efficient footprint designed for guests and owners who value location above all. The 515 SF layout was renovated with practical, durable finishes — luxury vinyl plank flooring, new windows and doors, a bright skylight overhead, and an updated kitchen with stainless steel appliances and refreshed cabinetry. Large roofline windows and the skylight create an airy feel in the vaulted living area, which centers around an electric fireplace and opens to a private deck with clear mountain glimpses.
The loft sleeping area gives the unit flexibility: the raised bedroom accommodates a queen bed while a sleeper sofa in the living room expands sleeping capacity to four—an important detail for short-term rental performance. Offered furnished (with limited exclusions), the condo is essentially turnkey for personal retreats or immediate entry into the resort rental market. Practical systems are straightforward: electric heat, no central cooling, and public water/sewer. Owners report the HOA fee of $366/month, which covers cable, internet, and water — plus access to the complex’s clubhouse and wellness amenities.
Community amenities are a highlight here: a recently refreshed clubhouse with an indoor heated pool, hot tub, sauna, fitness room and tennis courts provides year-round recreation when the slopes are quiet. Most notably, the slope is effectively at your doorstep — Sugar Mountain Resort is approximately a stone’s throw from the complex, making this one of the most convenient ski-in/ski-out options in the area.
Financially, comparable sales in the complex support a fair market range near $260,000–$280,000 (midpoint ~$270,000). The unit was renovated for modern vacation rental appeal and has demonstrated strong seasonal demand, particularly through the winter months. Buyers should note the building’s 1984 vintage — roof, common-area condition, and any upcoming HOA assessments should be reviewed in due diligence. For a buyer seeking a compact, low-maintenance mountain base with immediate rental and recreational upside, this loft is a standout option.
See the properties helping shape the valuation.
Comparable sales
- 21 SF larger
- 1 fewer bedroom
- Same year built
- 22 SF larger
- 1 fewer bedroom
- Same year built
- 385 SF larger
- 1 additional bedroom
- 1 additional bathroom
- Same year built
A 1984 loft.
Building
Site & utilities
Sugar Mountain
Researched nearby locations
Location
111 Sugar Ski Dr Unit 11 103, Banner Elk, NC 28604
Sugar Mountain is a compact resort community centered on outdoor recreation and year-round mountain appeal. Residents enjoy immediate access to the slopes, a clubhouse with wellness amenities, and a short drive to Banner Elk’s restaurants, breweries, and events. The area sees seasonal population shifts—winter ski traffic and summer outdoor recreation—which supports a robust short-term rental market. The neighborhood blends resort convenience with the quieter charm of Avery County, making it ideal for second-home buyers and investors seeking easy slope access and community amenities.
Exceptional ski access with Sugar Mountain Resort 0.1 miles away, clubhouse amenities including an indoor pool and fitness center, nearby hiking and biking trails, and quick drives to Grandfather Mountain and the Blue Ridge Parkway.
A factual market snapshot around 111 Sugar Ski Dr Unit 11 103.
Sugar Mountain and the surrounding Banner Elk area currently sit between balanced and seller-favored conditions for resort condos. Inventory is relatively tight — about 3.5 months of supply — which typically favors sellers for well-located, turnkey units. Compounded by the niche demand for true ski-in/ski-out product, properties like this loft command a premium. Local median sale price sits near $324,500, while recent analysis in the Sugar Ski & Country Club complex points to a condo valuation band around $260k–$280k; the midpoint estimate for this unit is $270,000. Average days on market in the corridor are longish (around 132 days), reflecting seasonality and buyer selectivity in resort markets; however, the most desirable slope-access units move more quickly during peak buying windows.
Condo performance: resort condos here show steady appreciation — roughly 5% year-over-year and about 25% over five years — and strong short-term rental potential during ski season. With an estimated monthly rent near $1,700 in peak times and historical gross rental receipts exceeding $20,000 annually for comparable units, this product type remains attractive to investors and second-home buyers. Prospective purchasers should confirm HOA reserves, recent assessments, and rental rules, but market signals point to an advantageous entry for buyers seeking slope-side inventory with turnkey appeal.
Multi-Family Residential
Zoning
Research-indicated uses
- Multi Family Residential
- Short Term Rentals
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 115 SF smaller
- 1 fewer bedroom
- 15 SF smaller
What the research supports — and what is still worth verifying.
Key findings
- Sold in October 2025 for $274,000 ($532/SF)
- Assessed value of $103,400 with annual taxes of $728
- HOA fees of $366/month covering cable, internet, and water
- Comparable units in the complex sold between $233,000 and $295,000 in the past year
- Located within 0.1 miles of Sugar Mountain Resort with direct slope access
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm HOA fees and coverage details
- Verify rental income history and projections
- Assess condition of building's common areas and amenities
- Review any upcoming HOA assessments or fee changes
- Confirm zoning regulations for short-term rentals
What stands out about this property.
Interior Features
- 515 SF loft layout
- 1 bedroom, 1 bathroom
- Luxury vinyl plank flooring
- Updated kitchen with stainless steel appliances
- Skylight and new windows
- Electric fireplace
- Furnished — turn-key for occupancy or rental
- Loft sleeping area plus pull-out sofa (sleeps up to 4)
Exterior & Lot
- Top-floor end unit with private deck
- Direct ski-in/ski-out proximity to Sugar Mountain Resort (≈0.1 mi)
- Gated community access
- Unassigned parking in community lot
- Asphalt shingle roof (building built 1984)
- Mountainous topography and seasonal views
Location & Neighborhood
- Sugar Mountain Resort adjacent — 0.1 mile to slopes
- Banner Elk downtown approximately 3 miles
- Close to Grandfather Mountain and Blue Ridge Parkway
- Part of Sugar Ski & Country Club gated community
- Boone, NC MSA; Avery County
Walkability & Recreation
- Walkability Rating: 40/100 — Car-Dependent
- Sugar Mountain Resort (skiing/snowboarding) 0.1 mile
- Community clubhouse with indoor heated pool, hot tub, sauna, fitness
- Tennis courts on-site
- Grandfather Mountain ~10 miles; Blue Ridge Parkway ~12 miles
- Hiking and mountain biking trails within short drives
Sources & research confidence.
See where the property research came from and how confidence varies by field.