Formerly The Banner Elk Inn and locally known as The Pink House - holds an important place in the history of Banner Elk dating back to 1912. This beautifully updated and renovated property boasts new high end finishings throughout, while still keeping loads of its historic original charm! Situated just a short 0.3 mile walk away from everything downtown Banner Elk including shops, restaurants and much more, so location is PRIME! This property offers 5 bedrooms, 4 full bathrooms, 3 half baths, new laundry/mud room, brand new kitchen which includes a hidden walk in pantry, outdoor patio area, porch and side yard with water fountains and outdoor fireplace. The main level features a primary suite with lots of space, full ensuite bathroom and walk in closet. Coming in from the driveway a brand new mudroom entry way and laundry with new washer and dryer and sink. Next is the brand new kitchen featuring new cabinets, Cafe appliances, granite counter tops, and a secret walk in pantry - all just off the large dining area. Making your way from the kitchen you step back in time into the parlor that has original beadboard walls and wall lighting. Completing the main level is a half bath and massive living room with a new gas fireplace, 2 in 1 overhead lights/ceiling fans and built in bookcase. On the 2nd level there are 4 additional bedrooms - 2 of which have their own en suite full bathrooms - a half bath and another full bathroom that the other 2 bedrooms share. On the 3rd level there are 2 spaces that can be used for sleeping, bonus, offices, play rooms or whatever your heart desires and another half bath. The charm continues outside with multiple outdoor spaces. Walk out the front door and down the original stone steps and you are right on Main St. Out the side door from the living room, there is a lovely covered porch with a porch swing to enjoy the fresh mountain air. Walk off the porch and reminisce on the grounds with the old Banner Elk in water fountains and outdoor fireplace. Or enjoy the brand outdoor patio living area on the back side of the home that is protected by a brand new fence. Offering a great combination of a fantastic location, original features and historic charm as well as modern upgrades for ease and comfort, this is truly a one of a kind property! Make it your full time residence, the vacation home envied by others, or restore it once again to a bed and breakfast with a special use permit from the town - the options are all yours. What you can't do is wait to long and let this once in a lifetime opportunity pass you by, so call and schedule your appointment to see this estate today!