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For sale
  • Price cut: $140K (3/10)
    $1,250,000

    160 Old Turnpike East Road, Banner Elk, NC 28604

    5beds
    2,572sqft
    : 
    Farm, Single Family Residence
    Built in 1912
    0.37 Acres Lot
    $-- Zestimate®
    $486/sqft
    $-- HOA

    What's special

    Gas fireplaceCustom fencingCovered side porchBuilt-in bookcasesAuthentic beadboard wallsItalian soapstone countertopsOriginal stone steps
    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
    270 days
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    881
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    28
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    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 01:04pm

    Listed by:

    Josh Honeycutt (828)295-7337,

    Howard Hanna Allen Tate Real Estate Blowing Rock

    Source: High Country AOR,MLS#: 255699MLS LogoOriginating MLS: High Country Association of Realtors Inc.

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      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: $486/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
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,423/mo

        Price history

        Price history
        DateEventPrice
        3/10/2026Price change$1,250,000-10.1%$486/sqft
        Source: High Country AOR #255699 Report a problem
        1/13/2026Price change$1,390,000-2.5%$540/sqft
        Source: High Country AOR #255699 Report a problem
        11/19/2025Price change$1,425,000-4.9%$554/sqft
        Source: High Country AOR #255699 Report a problem
        7/17/2025Price change$1,499,000-6.3%$583/sqft
        Source: High Country AOR #255699 Report a problem
        7/4/2025Listed for sale$1,600,000+348.2%$622/sqft
        Source: High Country AOR #255699 Report a problem
        6/20/2023Sold$357,000$139/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$931 $232,700
        2024$931 $232,700
        2023$931 -53.5%$232,700
        2022$2,001 -14%$232,700 +11%
        2021$2,327 $209,600
        2020$2,327 $209,600
        2019$2,327 +0.9%$209,600
        2018$2,306 +100%$209,600 +1.1%
        2017$1,153 +24.3%$207,400
        2016$927 $207,400
        2015$927 $207,400

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $6,708/mo
        Principal & interest
        $6281
        Property taxes
        $427
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          Climate risks

          Neighborhood: 28604

          Getting around

          42 / 100
          Car-Dependent
          18 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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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