4584 & 4582 Nc Highway 194 None S, Banner Elk, NC

About the home

The Taylor House Inn ~ an important piece of Valle Crucis history and an iconic High Country property, brimming with storybook-like charm and offering potential for a number of uses. Nestled just down the street from the original Mast General Store and in close proximity to Valle Crucis Park and the Watauga River, this 3.9+ acre property offers a 7-bedroom/7.5-bath main home, 2 bedroom/2 bath guest home, additional guest cottage, storage & multi-use building, and a detached garage on flat, usable yards with wooded acreage behind (trail potential!) & the sites & sounds of Crab Orchard Creek just across the road. The Taylor House or main home, originally built ~1911 by Squire Taylor himself, lies on the National Register of Historic Places. The perfect place for a homestead, family estate/legacy property, turnkey Inn or B&B, commercial office, or more, this property offers easy access year-round on state-maintained roads and level driveway. The large farmhouse front porch of the Taylor House Inn is the perfect place for overlooking the yards and pastoral mountain views. On the main level, find a formal entry/foyer, living room, den/study, formal dining room, commercial kitchen, primary suite, office, and mudroom – just across the stone patio from the ‘Milk House’, an unfinished storage building housing the laundry room. Off the second level landing, find four bedroom/bathroom suites as well as an additional bedroom and full bath. The third level offers a spacious suite with full bath open to a sitting area. The guest home or ‘Red Cottage’ offers living & kitchenette, primary suite with jetted tub/tiled shower, + guest suite. The other guest cottage, or ‘Flower Cottage,’ offers bonus space + full bath - set up as sleeping area. A detached garage sits next to the flat, usable yards that surround the structures. Fully furnished - minor exceptions! Amenities: high-speed internet, security system, gazebo, some original glass windows & tubs (~1911).

Price in context

• Asking $258 per square foot.
• That is 63% below the $704 median across 17 active $1.5M+ homes in Banner Elk.
• 15th highest asking price of 17 active $1.5M+ homes in Banner Elk.
• 7th largest by living area of the 15 with a recorded size.
• Reduced $249,000 (16.6%) from the original $1,499,000 asking price.
• 357 days on the market, listed 2025-06-20.
• County tax assessment $1,076,490; the asking price is 1.16× the assessed value.

Location

Neighborhood: None, Watauga County, ZIP 28604.

Assigned schools

• Elementary: Valle Crucis
• Middle: Watauga
• High: Watauga

School assignments come from the listing and can change; confirm with the district.

Features

Style

Cottage, Farmhouse, Traditional

Levels

Three

Construction

Wood

Roof

Metal, Other - See Remarks

Bathrooms

7 full, 1 half

Fireplace

Yes

Interior

Entrance Foyer, Kitchen Island

Flooring

Carpet, Tile, Wood

Kitchen & appliances

Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer, Other

Heating

Baseboard, Electric, Forced Air, Oil

Cooling

Window Unit(s), None

Garage

1 spaces

Parking

Detached Garage

View

Mountain(s)

County

Watauga

Comparable homes on the market

• Tbd Nc Highway 194 None S, Sugar Grove — $1,250,000, 0.6 mi away
• 3606 Nc Highway 194 None S, Sugar Grove — $1,500,000, 2 bd, 1,299 sq ft, 0.7 mi away
• 5742 Nc Highway 194 None S, Banner Elk — $4,900,000, 4 bd, 8,672 sq ft, 0.9 mi away
• 352 Great Sky Drive, Banner Elk — $1,300,000, 4 bd, 2,416 sq ft, 3.3 mi away
• 217 Sunrise Vista Lane, Banner Elk — $2,799,999, 4 bd, 3,066 sq ft, 3.3 mi away
• 3771 Us Highway 421 Highway N, Vilas — $1,995,000, 3.7 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.