Skip main navigation
For sale
  • Price cut: $74K (11/19)
    $1,425,000

    160 Old Turnpike East Road, Banner Elk, NC 28604

    5beds
    2,572sqft
    : 
    Farm, Single Family Residence
    Built in 1912
    0.37 Acres Lot
    $1,279,900 Zestimate®
    $554/sqft
    $-- HOA

    What's special

    Gas fireplaceCustom fencingCovered side porchBuilt-in bookcasesAuthentic beadboard wallsItalian soapstone countertopsOriginal stone steps
    Historic Banner Elk Estate: The Pink House A Distinguished Mountain Legacy Dating to 1912 Originally constructed as The Banner Elk Inn, this architecturally significant residence—affectionately known as “The Pink House”—represents a rare opportunity to own a piece of Banner Elk’s storied heritage. This renovated estate seamlessly marries period authenticity with contemporary luxury, creating an exceptional mountain retreat of unparalleled character. Prime Downtown Location Positioned just 0.3 miles from Banner Elk’s vibrant downtown corridor, this property offers the coveted combination of historic significance and modern convenience. Banner Elk’s finest restaurants, boutique shopping, and cultural attractions are within an easy stroll. Thoughtfully Curated Interiors The residence encompasses 5 bedrooms, 4 full bathrooms, and 3 half baths across three distinctive levels. The home’s historic soul reveals itself in the original parlor, where authentic beadboard walls and period lighting transport guests to a bygone era. The expansive living room, anchored by a gas fireplace and appointed with built-in bookcases, offers both grandeur and comfort with dual-function overhead lighting and ceiling fans. The main floor also features a generously proportioned primary suite with ensuite bathroom and walk-in closet. A mudroom entry provides integrated laundry facilities, complete with washer, dryer, and utility sink. A culinary centerpiece, the reimagined kitchen features custom cabinetry, premium Cafe appliances, and Italian soapstone countertops. A concealed walk-in pantry adds both functionality and intrigue, while the adjacent dining area provides an elegant setting for entertaining. The second level houses four additional bedrooms—two with private ensuite bathrooms—plus a shared full bathroom and convenient half bath. The third level provides two flexible spaces ideal for home offices, guest quarters, or creative pursuits, serviced by an additional half bath. Distinctive Outdoor Spaces Multiple exterior living areas enhance the property’s appeal. Original stone steps descend directly to Main Street, while a covered side porch with swing provides the perfect vantage point for mountain air contemplation. The thoughtfully landscaped grounds feature historic water fountains and an outdoor fireplace, creating intimate gathering spaces. A newly constructed rear patio, enclosed by custom fencing, offers additional privacy and entertaining opportunities. Investment Potential This exceptional property presents multiple ownership possibilities: establish a distinguished primary residence, create an enviable vacation retreat, or explore restoration as a boutique bed and breakfast with appropriate municipal permitting. The combination of prime location, historic provenance, and modern amenities creates a truly singular investment opportunity in Banner Elk’s prestigious real estate market. Seller would consider a partial seller finance option. Broker Interest
    185 days
    |
    369
    |
    18
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 19, 2025 at 09:28am

    Listed by:

    Josh Honeycutt (828)278-8337,

    Howard Hanna Allen Tate Realtors Boone

    Source: High Country AOR,MLS#: 255699MLS LogoOriginating MLS: High Country Association of Realtors Inc.

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 7
    • Full bathrooms: 4
    • 1/2 bathrooms: 3
    Heating
    • Baseboard, Electric, Heat Pump
    Cooling
    • Central Air, 1 Unit
    Appliances
    • Included: Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Gas Water Heater, Refrigerator, Washer, Water Heater
    • Laundry: Main Level
    Features
    • Basement: Unfinished
    • Number of fireplaces: 2
    • Fireplace features: Two, Free Standing, Gas, Stone, Wood Burning
    Interior area
    • Total structure area: 2,572
    • Total interior livable area: 2,572 sqft
    • Finished area above ground: 2,572
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway, Gravel, Private
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Covered
    • Exterior features: Fire Pit, Gravel Driveway
    Lot
    • Size: 0.37 Acres
    Details
    • Parcel number: 18591831813600000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Farmhouse,Mountain
    • Property subtype: Farm, Single Family Residence
    Materials
    • Fiber Cement, Wood Frame
    • Foundation: Basement
    • Roof: Metal
    Condition
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, High Speed Internet Available

    Community & HOA

    Community
    • Features: Long Term Rental Allowed, Short Term Rental Allowed
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Banner Elk

    Financial & listing details

    • Price per square foot: $554/sqft
    • Tax assessed value: $232,700
    • Annual tax amount: $2,001
    • Date on market: 7/4/2025
    • Listing terms: Cash,Conventional,New Loan
    • Road surface type: Paved
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    $1,279,900

    $1.22M - $1.34M

    Not available

    Price history

    Price history
    DateEventPrice
    11/19/2025Price change$1,425,000-4.9%$554/sqft
    Source: High Country AOR #255699 Report a problem
    7/17/2025Price change$1,499,000-6.3%$583/sqft
    Source: High Country AOR #255699 Report a problem
    7/4/2025Listed for sale$1,600,000+348.2%$622/sqft
    Source: High Country AOR #255699 Report a problem
    6/20/2023Sold$357,000$139/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$931 $232,700
    2024$931 $232,700
    2023$931 -53.5%$232,700

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $8,005/mo
    Principal & interest
    $7019
    Home insurance
    $499
    Property taxes
    $487

      Climate risks

      Neighborhood: 28604

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Banner Elk
      • Middle: Avery
      • High: Avery County

      Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading
      • Loading