Main

Banner Elk | North Carolina

Where Legacy

Meets Sophistication

View Photos Watch Film 360° VTour Open House

Josh Honeycutt

Presented At

$1,425,000

Bedrooms

Bathrooms

Living

2,572

SQFT

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407

Main

Banner Elk | North Carolina

407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States. , Banner Elk , North Carolina 28604

The Pink House - Updated Property with a Rich History

Historic Banner Elk Estate: The Pink HouseA Distinguished Mountain Legacy Dating to 1912Originally 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 [hidden information] Downtown LocationPositioned 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 [hidden information] Curated InteriorsThe 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 [hidden information] 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 [hidden information] 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 [hidden information] Outdoor SpacesMultiple 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 [hidden information] PotentialThis 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 [hidden information] would consider a partial seller finance [hidden information] Interest

Property

3D Street View Tour

Property Location

407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States., Banner Elk North Carolina

Local Weather & Climate

Banner Elk, North Carolina

Current Conditions Updated recently

29 °F

Overcast clouds

Feels Like 29°F

Humidity 79%

Wind 0 mph

Visibility 6.2 mi

Sunrise 11:32 AM

Sunset 11:37 PM

5-Day Forecast

Thu 19 Mar

Clouds

High 49°

Low 28°

Fri 20 Mar

Clouds

High 57°

Low 34°

Sat 21 Mar

Rain

High 53°

Low 44°

Sun 22 Mar

Clouds

High 69°

Low 50°

Mon 23 Mar

Clouds

High 59°

Low 44°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Banner Elk?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

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The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
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Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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Neighborhood Demographics

ZIP 28604 • 2022 ACS Data

7,671 Population

Median Age: 45.0

$61,161 Median Income

Average

$296,500 Median Home Value

Rent: $973

41.3% College Graduates

Above Average

Housing

Homeowners 26.3%

Renters 8.5%

Vacancy Rate 65.2%

Employment

6.0% Unemployment

13.6% Work From Home

Education Attainment (Age 25+)

High School+ 92.2%

Bachelor's+ 41.3%

Graduate+ 16.3%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Banner Elk

Cold Market More inventory, buyers have negotiating power

$570,000

Median Sale Price

$343

Price per Sq Ft

121

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States have?

This house at 407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States features 5 bedrooms with 2,572 square feet of living space.

What is the size of 407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States?

This property offers 2,572 square feet of living space.

What is the listing price for 407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States?

This property is listed at $142,500,000, which equals $55404 per square foot.

What type of property is 407 Main, Banner Elk, NC, 28604, USA, Banner Elk, North Carolina, United States?

This is a house located in Banner Elk, North Carolina. The property is situated in an established neighborhood with convenient access to local amenities and services.

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