This is located near the historic Staunton community. Thanks to Ken Rountree for the identification.
Today, Staunton is virtually indistinguishable from Lenox. It is located on the edge of the Lenox city limits and I understand that it was a historic railroad stop. The post office operated from 1890-1923, which probably mirrors the existence of the village as a separate entity. Two other important historic structures survive here: the Sim Harrell House and the T. P. Daughtrey House. Signage on U. S. Highway 41 distinguishes the neighborhood from Lenox proper.
This neighborhood of Lenox was originally known as Staunton. According to Linda W. Meadows, it was built by local timber baron Sim Harrell (1851-1929) in the early 1890s. Remembered Places Leftover Pieces of the Coastal Plain Area, an architectural resource published in 1976, identifies it as the Cannon House. It’s possible that Mr. Harrell was simply the builder. The front gable originally contained an arched window, that was removed during a remodel at some point.