169 and 171 Cragmont Road, Black Mountain NC
- 4 Bed
- 0.2 ac
For Sale $625,000
Remarks:
Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living. The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility. Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation. And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car. Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.
General Information:
| List Price: | $625,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Portfolio |
| Parking: | Assigned |
| MLS Number: | CAR4416488 |
| Style: | Cottage, Other |
| Lot Description: | Level, Sloped, Views |
| Year Built: | 1954 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Black Mountain |
| Middle: | Charles D Owen |
| High: | Charles D Owen |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-14-2026 | Price Decrease | $625,000-7.41% | N/A |
| 08-21-2026 | Listed | $675,000 | 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 | 6 miles | KG-06 | 8 |
| Fairview Elementary | 8 miles | KG-05 | 7 |
| Charles C Bell Elementary | 9 miles | KG-05 | 8 |
| Evergreen Community Charter | 10 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 |
| 169 and 171 Cragmont Road, Black Mountain NC | 0 mi | $625,000 | days | |
| 201 Stafford Street, Black Mountain NC | 0.1 mi | $409,900 | days | |
| 200 Stafford Street, Black Mountain NC | 0.1 mi | $549,000 | days | |
| 203 2 Oconeechee Avenue, Black Mountain NC | 0.1 mi | $639,000 | days | |
| 208 Altamahaw Avenue, Black Mountain NC | 0.2 mi | $657,000 | days | |
| 216 Hiawassee Avenue, Black Mountain NC | 0.2 mi | $625,000 | 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 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 Noble & Company Realty
169 and 171 Cragmont Road, Black Mountain NC is a ft2 on a 0.200 acres lot. This is for $625,000. This has 4 bedrooms, baths, and was built in 1954.
Based on information submitted to the MLS GRID as of 2026-08-21 19:01:35 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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