1186 Old US 70 Highway, Black Mountain NC
- 7 Bed
- 9 Bath
- 1868 ft2
- 2.2 ac
For Sale $1,500,000
Remarks:
Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the "Front Porch of Western North Carolina," this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain—known for its artisanal shops and craft breweries—and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region’s most desirable locations. NO HISTORICAL RESTRICTIONS!
General Information:
| List Price: | $1,500,000 |
| Status: | For Sale |
| Bedrooms: | 7 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1868 sqft |
| Parking: | Driveway, RV Access/Parking, Shared Driveway |
| MLS Number: | CAR4258643 |
| Subdivision: | None |
| Bathrooms: | 9 |
| Lot Description: | Green Area, Level, Private, Wooded |
| Year Built: | 1830 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Black Mountain |
| Middle: | Charles D Owen |
| High: | Charles D Owen |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-16-2026 | Listed | $1,500,000 | $803 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| ArtSpace Charter School | 5 miles | KG-06 | 8 |
| Fairview Elementary | 7 miles | KG-05 | 7 |
| Charles C Bell Elementary | 9 miles | KG-05 | 8 |
| Evergreen Community Charter | 9 miles | KG-06 | 8 |
| Haw Creek Elementary | 10 miles | KG-05 | 7 |
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 |
| 1186 Old US 70 Highway, Black Mountain NC | 0 mi | $1,500,000 | days | |
| 17 Chicago Avenue, Black Mountain NC | 0.2 mi | $225,000 | days | |
| 116 Craggy Street, Black Mountain NC | 0.2 mi | $725,000 | days | |
| 122 Craggy Street, Black Mountain NC | 0.3 mi | $424,000 | days | |
| 8 Campbell Street, Black Mountain NC | 0.3 mi | $899,000 | days | |
| 208 Altamahaw Avenue, Black Mountain NC | 0.4 mi | $699,000 | 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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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28711
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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 Century 21 Connected
1186 Old US 70 Highway, Black Mountain NC is a 1868 ft2 on a 2.240 acres lot. This is for $1,500,000. This has 7 bedrooms, 9 baths, and was built in 1830.
Based on information submitted to the MLS GRID as of 2026-05-16 09:20:38 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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