4 Beds

3 Full baths

2,926 SqFt


Family compound nestled on Elk Mountain Scenic Hwy offering enchanting grounds & expansive East, South & West year-round views of downtown Asheville & the mountain-ranges beyond. Incredible opportunity for passive income w/3 separate dwellings. The Appalachian main house features architecturally renovated spaces w/stunning kitchen, 3BRs, plus home office & loft. Two turn-key cottages offer endless possibilities for renting. Grossing an avg of $137,200/year (cottage & suite only), the cottages offer like-new construction w/gracious finishes, open decks, hot tub, & endless views across the Beaverdam Valley. No restrictions on short-term renting 1, 2 or all 3 units. New approved septic revision to expand existing 3 BR system to a 5 BR system on file, buyer to expand. Enjoy sunset views, a beautiful park-like setting, 2 garages & endless potential: Live, rent, expand! 10min to the Blue Ridge Pkwy & 10min to DT Asheville. https://iframe.videodelivery.net/08fb2176ec58296f621d2b3f4e72d455

Property Details
Price $2,700,000
Bedrooms 4
Full Baths 3
Half Baths 1
Lot Size Area 2.8
Lot Size Area Units Acres
Acres 2.8
Property Type MultiFamily
Sub type Triplex
MLS Sub type Triplex
Year Built 1953
Subdivision none
View City, Long Range, Mountain(s), Year Round
Roof Shingle, Tile
Heating Ductless, Electric, Forced Air, Heat Pump, Propane
Foundation Crawl Space, Slab
Lot Description Open Lot, Paved, Rolling Slope
Laundry Features Laundry Closet, Main Level, Other - See Remarks
Parking Description Driveway, Detached Garage, Parking Space(s)
Garage spaces 1
Geographic Data
Directions Take Merrimon Ave North to right on Beaverdam Road. Make the first left on Elk Mountain Scenic Highway. Travel approximately 3 miles to house on left. Real estate sign in place.
County Buncombe
Latitude 35.653375
Longitude -82.542837
Address Information
Address 460 Elk Mountain Scenic Highway, Asheville, NC 28804
Postal Code 28804
City Asheville
State NC
Country United States
Listing Information
Listing Office Premier Sotheby’s International Realty
Listing Office Phone 828-277-3238
Listing Agent Jennifer Farley
Listing Agent Phone 828-545-1383
Special listing conditions Subject to Lease
Terms Cash, Conventional
Virtual Tour URL iframe.videodelivery.net/08fb2176ec58296f621d2b3f4e72d455
School Information
Elementary School Asheville City
Middle School Asheville
High School Asheville
MLS Information
Days on market 122
MLS Status Active
Listing Date Jan 30, 2023
Listing Last Modified Jun 1, 2023
Tax ID 9741-71-6499-00000
MLS # CAR3935327

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This information is believed to be accurate, but without any warranty.