Category
Price
Min Price
Max Price
Beds
Baths
SqFt
Acres
You must be signed into an account to save your search.
Already Have One? Sign In Now
255699 Days on Market: 8
5
Beds
4.5
Baths
2572
Sqft
0.370
Acres
$1,600,000
For Sale
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
Listing ID:
255699
Property Type:
Single Family
Year Built:
1912
Bedrooms:
5
Bathrooms:
4 Full, 3 Half
Sqft:
2572
Acres:
0.370
Map
Latitude: 36.165214 Longitude: -81.866679
Location & Neighborhood
City: Banner Elk
County: Avery
Area: 8-Banner Elk
Subdivision: None
Environment
Utilities & Features
Heat: Baseboard, Electric, Heat Pump
Sewer: Public Sewer
Utilities: Cable Available, High Speed Internet Available
Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Range, Disposal, Gas Water Heater, Refrigerator, Washer, Water Heater
Parking: Driveway, Gravel, Private
Interior
Fireplace: Two, Free Standing, Gas, Stone, Wood Burning
Sqft Living Area Above Ground: 2572
Sqft Total Living Area: 2572
Exterior
Exterior: Fire Pit, Gravel Driveway
Style: Farmhouse, Mountain
Construction
Construction: Fiber Cement, Wood Frame
Roof: Metal
Financial
Property Taxes: $2,001
Other
Price Per Sqft: $622
Price Per Acre: $4,324,324
The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.
Our agents will walk you through a home on their mobile device. Enter your details to setup an appointment.