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
For sale
Price cut: $74K (11/19)
$1,425,000
160 Old Turnpike East Road, Banner Elk, NC 28604
5beds
2,572sqft
Est.:
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
- 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#: 255699
Originating 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
Estimated market value
$1,279,900
$1.22M - $1.34M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Price change | $1,425,000-4.9%$554/sqft |
Source: | ||
| 7/17/2025 | Price change | $1,499,000-6.3%$583/sqft |
Source: | ||
| 7/4/2025 | Listed for sale | $1,600,000+348.2%$622/sqft |
Source: | ||
| 6/20/2023 | Sold | $357,000$139/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 2/10Avery MiddleGrades: 6-8Distance: 7.3 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 7.3 mi
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.
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