20 Reed Road, Asheville NC
- 3 Bed
- 2 Bath
- 1991 ft2
- 2.1 ac
For Sale $550,000
Remarks:
Beautiful opportunity with incredible potential! This ranch-style home sits on a spacious 2.12 acre property in the highly desirable Riceville area and offers multiple possibilities for personal use, rental income, or future development. Per the zoning department, the property may allow subdivision into up to 3 separate lots, and zoning may allow up to 2 units per lot for a potential total of 6 living structures. Buyer to verify all subdivision, zoning, density, and development possibilities with the appropriate authorities. The main home features 3 bedrooms, 2 baths, and a full-length enclosed rear porch spanning back of the home. All 3 bedrooms have direct access to the enclosed porch, which features glass panels and exterior doors providing access outside. Bedrooms are counted with this ingress/egress configuration leading to the enclosed porch, not directly to the exterior. This could be completed by simply removing one of the doors to the porch. Buyer to verify the ingress/egress they desire for these to be bedrooms. The home offers a comfortable ranch layout with great natural light and plenty of space to make your own. Additionally, on the property is an older, very charming singlewide that could be refurbished into an excellent rental, guest home, or additional living space. Seller states there are 2 septic systems on the property. A park model home located on the property is also available for purchase separately for an additional $65,000, or seller will remove it prior to closing. Conveniently located near shopping, restaurants, and local amenities, this unique property offers a rare combination of current usability, rental potential, and future development opportunity. Buyer to verify all information including zoning, subdivision potential, density allowances, septic systems, square footage, and all permitted uses.
General Information:
| List Price: | $550,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1991 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4380460 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Year Built: | 1954 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Charles C Bell |
| Middle: | AC Reynolds |
| High: | AC Reynolds |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-31-2026 | Listed | $550,000 | $277 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Evergreen Community Charter | 2 miles | KG-06 | 8 |
| Charles C Bell Elementary | 2 miles | KG-05 | 8 |
| Haw Creek Elementary | 2 miles | KG-05 | 7 |
| ArtSpace Charter School | 3 miles | KG-06 | 8 |
| Oakley Elementary | 4 miles | KG-05 | 4 |
| Ira B Jones Elementary | 4 miles | PK-05 | 8 |
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 |
| 20 Reed Road, Asheville NC | 0 mi | $550,000 | days | |
| 4 Austin Drive, Asheville NC | 0.1 mi | $464,000 | days | |
| 106 Oak Hollow Court, Asheville NC | 0.2 mi | $899,900 | days | |
| 29 Independence Boulevard, Asheville NC | 0.3 mi | $450,000 | days | |
| 994 Riceville Road, Asheville NC | 0.3 mi | $445,000 | days | |
| 948 Riceville Road, Asheville NC | 0.4 mi | $299,000 | 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 28805
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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 Elite Realty
20 Reed Road, Asheville NC is a 1991 ft2 on a 2.120 acres Appraisal lot. This is for $550,000. This has 3 bedrooms, 2 baths, and was built in 1954.
Based on information submitted to the MLS GRID as of 2026-05-31 10:16:23 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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