160 Old Turnpike East RD Banner Elk, NC 28604
5 Beds
7 Baths
2,572 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,572 sqft
Price per Sqft $582
MLS Listing ID 255699
Style Farmhouse,Mountain
Bedrooms 5
Full Baths 4
Half Baths 3
HOA Y/N No
Abv Grd Liv Area 2,572
Year Built 1912
Annual Tax Amount $2,001
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Single Family Residence
Property Description
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
Location
State NC
County Avery
Community Long Term Rental Allowed, Short Term Rental Allowed
Area 8-Banner Elk
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric, Heat Pump
Cooling Central Air, 1 Unit
Fireplaces Number 2
Fireplaces Type Two, Free Standing, Gas, Stone, Wood Burning
Fireplace Yes
Appliance Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Gas Water Heater, Refrigerator, Washer, Water Heater
Laundry Main Level
Exterior
Exterior Feature Fire Pit, Gravel Driveway
Parking Features Driveway, Gravel, Private
Community Features Long Term Rental Allowed, Short Term Rental Allowed
Utilities Available Cable Available, High Speed Internet Available
Water Access Desc Public
Roof Type Metal
Porch Covered
Building
Story 3
Entry Level Three Or More
Foundation Basement
Sewer Public Sewer
Water Public
Architectural Style Farmhouse, Mountain
Level or Stories Three Or More
Schools
Elementary Schools Banner Elk
Middle Schools Avery
High Schools Avery County
Others
Tax ID 1859-18-31-8136-00000
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
