12,20,28,36 Collins Mountain Drive, Asheville NC
- 0.9 ac
For Sale $2,150,000
Remarks:
Rare opportunity to acquire an established, income-producing four-property rental portfolio approximately 14 minutes from downtown Asheville! The Collins Mountain portfolio includes 20, 12, 28, and 36 Collins Mountain Drive, offering investors a diversified rental operation with three grandfathered STR permits, one established medium-term rental, documented rental performance, and multiple booking configurations. 20 Collins Mountain Drive ("The Move") serves as the portfolio's primary rental attraction, featuring a resort-style outdoor entertainment area with a swimming pool, hot tub, sauna, and fire pit. Neighboring 12 Collins Mountain Drive ("Side Quest") offers a separate guest retreat with its own private hot tub. Both properties operate independently and together through the established "Big Moves" Airbnb listing, allowing investors to accommodate different group sizes and maximize booking opportunities. 36 Collins Mountain Drive adds another permitted STR featuring a private hot tub and sauna, while 28 Collins Mountain Drive ("Hilltop Cabin") operates as a furnished medium-term rental, providing an additional income stream and diversification beyond traditional vacation bookings. Across all four properties, investors benefit from a swimming pool, three hot tubs, two saunas, and multiple guest experiences designed to attract different rental demographics. Furnishings convey, and continued third-party property management is available under a new agreement. Seller-reported improvements include roofing and HVAC updates. With established rental history, multiple income streams, and proximity to downtown Asheville, this portfolio presents an opportunity to acquire an operating rental business with potential for continued revenue optimization. Detailed financials and offering memorandum available upon request.
Exterior Features:
Fire Pit, Hot Tub
Interior Features:
Hot Tub, Sauna
General Information:
| List Price: | $2,150,000 |
| Status: | For Sale |
| Type: | Portfolio |
| Parking: | Driveway |
| MLS Number: | CAR4433391 |
| Year Built: | 1972 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-12-2026 | Listed | $2,150,000 | N/A |
| 01-21-2026 | Listed | $289,500 | 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 | 3 miles | PK-05 | 8 |
| Claxton Elementary | 4 miles | KG-05 | 6 |
| Isaac Dickson Elementary | 4 miles | PK-05 | 9 |
| Vance Elementary | 4 miles | KG-05 | 9 |
| Francine Delany New School for Children | 5 miles | KG-06 | 9 |
| Hall Fletcher Elementary | 5 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 |
| 12,20,28,36 Collins Mountain Drive, Asheville NC | 0 mi | $2,150,000 | days | |
| 12,20 Collins Mountain Drive, Asheville NC | 0 mi | $1,650,000 | days | |
| 28 Collins Mountain Drive, Asheville NC | 0 mi | $225,000 | days | |
| 36 Collins Mountain Drive, Asheville NC | 0 mi | $325,000 | days | |
| 43 Flynn Branch Road, Asheville NC | 0.4 mi | $415,000 | days | |
| 105 Crowder Hills Lane, Asheville NC | 0.4 mi | $415,000 | 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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| 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 28804
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Transportation to Work |
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 EXP Realty LLC
12,20,28,36 Collins Mountain Drive, Asheville NC is a ft2 on a 0.850 acres Appraisal lot. This is for $2,150,000. This has bedrooms, baths, and was built in 1972.
Based on information submitted to the MLS GRID as of 2026-10-12 18:00:20 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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