14 Penelope Street, Black Mountain NC
- 3 Bed
- 0.5 ac
For Sale $665,000
Remarks:
Rare opportunity to own a fully renovated property just a short walk from charming downtown Black Mountain. Situated on a quiet, private corner lot with no damage from Hurricane Helene, this exceptional offering includes a beautifully updated brick main home and a separate income-producing accessory dwelling unit (ADU), making it ideal for multigenerational living, short- or long-term rental income, or a private guest retreat. The main residence has been thoughtfully transformed from top to bottom, featuring a durable metal roof, new HVAC, updated plumbing, most new electrical, and a newly permitted finished basement that nearly doubles the home's living space. Now offering 3 bedrooms and 2.5 bathrooms, the home blends timeless character with modern finishes throughout. A hidden speakeasy adds a one-of-a-kind entertaining space that is sure to impress family and friends. The detached 2-bedroom, 1-bath ADU has also been completely renovated and has a proven rental history with consistent occupancy, providing immediate income potential. Outside, enjoy mature landscaping, a one-car garage, and parking for four or more vehicles—an uncommon convenience this close to downtown. Whether you're looking for a primary residence with supplemental income, an investment property, or a flexible family compound, this turnkey property offers outstanding value in one of Black Mountain's most desirable walkable locations.
General Information:
| List Price: | $665,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Portfolio |
| Parking: | Driveway, Attached Garage, Garage Faces Side |
| MLS Number: | CAR4398286 |
| Subdivision: | none |
| Lot Description: | Corner Lot, Private, Wooded |
| Year Built: | 1965 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Black Mountain |
| Middle: | Charles D Owen |
| High: | Charles D Owen |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-09-2026 | Listed | $665,000 | N/A |
| 09-08-2025 | Listed | $854,790 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| ArtSpace Charter School | 7 miles | KG-06 | 8 |
| Fairview Elementary | 9 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 |
| 14 Penelope Street, Black Mountain NC | 0 mi | $665,000 | days | |
| 6 Alexander Street, Black Mountain NC | 0.1 mi | $344,900 | days | |
| 5 Keesler Street, Black Mountain NC | 0.1 mi | $499,000 | days | |
| 29 Alexander Street, Black Mountain NC | 0.1 mi | $399,000 | days | |
| 3 Staffordshire Drive, Black Mountain NC | 0.2 mi | $550,000 | days | |
| 3 Teresa Way, Black Mountain NC | 0.2 mi | $417,750 | 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 Keller Williams Professionals
14 Penelope Street, Black Mountain NC is a ft2 on a 0.470 acres lot. This is for $665,000. This has 3 bedrooms, baths, and was built in 1965.
Based on information submitted to the MLS GRID as of 2026-07-09 09:26:27 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.
