1 Old Mill Lane, Weaverville NC
- 3 Bed
- 5.3 ac
For Sale $3,500,000
Remarks:
Historic Weaverville Milling Company. Circa 1905 Rare Opportunity.....120+ year old Grist Mill / former 150 seat Restaurant includes 3 bedroom House and Cottage, 5.25 acres, fronts Reems Creek waterway. Located in the County & only 10 min. to Downtown Asheville. Ideal private club, event space, restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building is beautiful with strong local history. Old house (1940s) remodeled w 3 bed /2 bath approx, rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Ideal for private studio, office and or event space. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Structures not impacted during Helene.
General Information:
| List Price: | $3,500,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Duplex |
| Parking: | Parking Lot, Other - See Remarks |
| MLS Number: | CAR4310533 |
| Lot Description: | Creek Front, Cul-De-Sac |
| Year Built: | 1905 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-22-2025 | Price Increase | $3,500,000+9.38% | N/A |
| 12-10-2025 | Price Decrease | $3,200,000-3.03% | N/A |
| 10-21-2025 | Listed | $3,300,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Ira B Jones Elementary | 4 miles | PK-05 | 8 |
| Claxton Elementary | 5 miles | KG-05 | 6 |
| Isaac Dickson Elementary | 6 miles | PK-05 | 9 |
| Evergreen Community Charter | 7 miles | KG-06 | 8 |
| Haw Creek Elementary | 7 miles | KG-05 | 7 |
| Hall Fletcher Elementary | 8 miles | PK-05 | 2 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1 Old Mill Lane, Weaverville NC | 0 mi | $3,500,000 | days | |
| 65 Banks Town Road, Weaverville NC | 0.1 mi | $399,000 | days | |
| 54 Banks Town Road, Weaverville NC | 0.1 mi | $525,000 | days | |
| 102 Waters Edge Drive, Weaverville NC | 0.4 mi | $435,000 | days | |
| 20 Barnett Shoals Drive, Weaverville NC | 0.4 mi | $315,000 | days | |
| 7 Barnett Shoals Drive, Weaverville NC | 0.4 mi | $350,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28787
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Estate Realty
1 Old Mill Lane, Weaverville NC is a ft2 on a 5.250 acres lot. This is for $3,500,000. This has 3 bedrooms, baths, and was built in 1905.
Based on information submitted to the MLS GRID as of 2025-10-21 09:11:13 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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