About this home

An exceptional investment or primary residence opportunity just minutes from downtown Asheville! This successful, turnkey short-term rental property is being offered below its 2025 appraised value of over $1.5 million, presenting a rare opportunity to acquire an established income-producing property with tremendous potential for additional value. Situated on nearly 5 acres of predominantly flat, usable land with open use zoning - this unique property features two fully furnished homes, a swimming pool, hot tub, and an outdoor fire pit, creating an inviting retreat for guests and an attractive opportunity for investors. The main residence offers three above-grade bedrooms plus an additional bonus room below grade, while the detached guest house features two additional bonus rooms. A partially finished basement and spacious two-car garage offer further opportunities for improvements, customization, or additional amenities. For investors seeking to maximize the property's potential, there may be an opportunity to expand the septic system to accommodate 6 bedrooms, potentially increasing resale value. The expansive acreage and flexible zoning may also provide opportunities for an additional dwelling unit (ADU), pickleball court, expanded outdoor entertainment areas, or other guest-focused amenities. Buyer to independently verify all zoning, permitting, septic capacity, and development feasibility. Whether you're looking to expand your investment portfolio, purchase your dream home, capitalize on an established short-term rental operation, or unlock additional value through strategic improvements, this property offers an exceptional combination of immediate income potential, acreage, desirable amenities, and future upside -all within minutes of downtown Asheville!

Facts and features

Schools

• Fairview Elementary

  elementary · K-5 · 1.4 mi

  8

• Cane Creek Middle

  middle · 6-8 · 2.3 mi

  7

• A C Reynolds High

  high · 9-12 · 5.1 mi

  8

• Timbersong Academy - Bat Cave

  high · 9-12 · 4.8 mi

• A C Reynolds Middle

  middle · 6-8 · 5.3 mi

  8

• Glen Arden Elementary

  elementary · K-4 · 5.9 mi

  6

Price history

• Nov 6, 2026 · Listed$1,450,000
• Oct 21, 2026 · Listing Removed—
• Sep 4, 2026 · Price Changed$1,450,000
• Jan 29, 2026 · Listed$1,500,000
• Jan 1, 2026 · Listing Removed—
• Jan 1, 2026 · Listing Removed—
• May 20, 2025 · Price Changed$950,000
• May 20, 2025 · Price Changed$1,525,000

Tax history

• 2025$4,247 tax · $601,100 assessed
• 2024$5,574 tax · $601,100 assessed
• 2023$5,524 tax · $859,200 assessed
• 2022$4,191 tax · $662,200 assessed
• 2021$4,191 tax · $662,200 assessed
• 2020$3,977 tax · $590,100 assessed
• 2019$3,362 tax · $498,900 assessed
• 2018$3,212 tax · $498,900 assessed

Home value

$1,340,617

• Quantarium$1,340,617
• Collateral Analytics$1,436,000
• Cotality$1,046,300

Where it is