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. Broker Interest. Seller is providing the buyer with a home warranty!!!
Single-familyProperty Type
1912Year Built
0.37 acresLot Size
$361Price/Sq.Ft.
Listed by Josh Honeycutt• Howard Hanna Allen Tate Real Estate Blowing Rock
Waiting to be restored to grandeur and glory! Beautiful 1912 two story with finished attic and unfinished basement. Formerly the main building of The Banner Elk Inn. Primary suite (on main level) appears to be an addition; oversized tub in room with water closet (counted as half bath in room count). Additional bedroom on main. Old fashioned living room/parlor with adjacent porch. Gorgeous upstairs with four large bedrooms, three full baths. Finished attic ceiling height does not meet requirements to be counted in heated area. Attic has 2 bedrooms with half bath; one of the attic bedrooms has a tub in the bedroom. Old house charm throughout. Extensive landscaping with fountain in front. Zoned for residential, small business or mixed use. No short term rental allowed. This is a Fannie Mae HomePath property. DISCLOSURE: We have been told this home has a structural issue but we have no reports or knowledge other than having been told it exists. We highly recommend a survey; unsure how much of the parking lot is included on the parcel.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Single Family Residential
County
Avery County
APN
1859-18-31-8136-00000
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Last updated by owner on Nov 23, 2025.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
8 days above 85° expected this year, 24 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Banner Elk, NC • 28604
Average low and high temperatures (°F)
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53
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49
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26
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Sun exposure
75/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Banner Elk. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.2 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 160 Old Turnpike East Rd
$960,141
$15K under list price of $975K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $725K to $1.6M.