Condos in Banner Elk, NC

[Chris Noles]

I have been looking ino this market, and would love to get feedback from anyone who owns a 1 or 2 bedroom condo in Banner Elk, especially at Sugartop or Ski Sugar Country Club.  What kind of occupancy rates are you seeing, and what are your annual rents?  The numbers coming from Rabbu don't look great even though I hear a lot of good things about the area.

Thanks!

[Chris Noles]

@Richard Elvin I live in north GA, and we have a condo at Myrtle Beach that we picked up last year. I highly recommend a condo there as long as you only expect steady bookings from about May thru September with a chance of snowbirds. However, you do earn enough to cover the low season if you buy the right place. I live close to Blue Ridge, but there isn’t a lot going on in that town compared to gatlinburg or banner elk. We were thinking about a mountain condo to offset the slow beach season, but we are still researching the market. Good luck!