About this home

Atop one of the most distinguished ridge lines in Biltmore Forest, 324 Vanderbilt Road is a landmark estate of remarkable provenance, scale and architectural significance. Known as New Gunston Hall, the residence was completed in 1923 as one of the first homes ever built in Biltmore Forest and remains among the community's iconic properties. Inspired by the historic Gunston Hall in Virginia and designed by renowned architect Waddy Butler Wood, the Colonial Revival estate is listed on the National Register of Historic Places and represents a level of craftsmanship and permanence rarely seen today. Behind its gated entrance, more than 11 acres unfold with a level of privacy, scale and presence rarely found so close to Biltmore Village and downtown Asheville, creating an extraordinary sense of arrival while remaining moments from the city's premier dining, shopping and cultural amenities. Constructed with enduring materials including Flemish bond brickwork and slate roofing, the home spans approximately 8,688 square feet and balances historic grandeur with refined livability. Extensive renovations completed between 2013 and 2016 thoughtfully preserved the architectural integrity of the residence while incorporating modern systems, updated infrastructure and elevated finishes throughout. Rich millwork, elegant formal spaces, a distinguished library and meticulously restored details reflect the craftsmanship of another era, while the scale and flow of the home create an environment equally suited for intimate daily living and large-scale entertaining. The grounds are among the estate's defining features. Rolling lawns, mature trees, formal gardens and exceptional privacy create the feeling of a private country estate tucked within one of the Southeast's sought-after communities. Properties of this caliber and historical significance rarely become available, particularly within Biltmore Forest. New Gunston Hall is more than a home, it is a legacy estate with an irreplaceable place in Asheville's architectural history.

Facts and features

Schools

• William W Estes Elementary

  elementary · K-4 · 4.1 mi

  5

• T C Roberson High

  high · 9-12 · 4.2 mi

  7

• Valley Springs Middle

  elementary · 5-8 · 4.4 mi

  9

• Carolina Day School

  elementary · K-12 · 1.7 mi

• Koontz Intermediate School

  elementary · 5-6 · 4.4 mi

  5

• Center for Career Innovation

  high · 9-12 · 1.9 mi

  8

Price history

• May 28, 2026 · Listed$9,750,000
• Oct 20, 2015 · Sold$1,850,000
• Dec 3, 2012 · Sold$1,850,000
• Dec 3, 2012 · Listed$2,500,000
• Feb 2, 1987 · Sold$600,000

Tax history

• 2025$17,359 tax · $3,175,900 assessed
• 2024$17,555 tax · $3,175,900 assessed
• 2023$16,891 tax · $3,391,800 assessed
• 2022$16,551 tax · $3,391,800 assessed
• 2021$16,551 tax · $3,391,800 assessed
• 2020$14,379 tax · $2,718,200 assessed
• 2019$14,379 tax · $2,718,200 assessed
• 2018$14,379 tax · $2,718,200 assessed

Home value

$9,652,000

• Collateral Analytics$9,652,000

Where it is