For Sale $399,000
Excellent Opportunity in Swannanoa! Whether you’re looking for a home that offers flexibility and extra income or a smart investment property, this versatile home fits the bill. Peaceful country setting just minutes from Warren Wilson College, scenic trails, and community parks—and only 12 minutes to both downtown Black Mountain and Asheville—this location perfectly blends convenience and charm. The updated upper-level unit features a bright 1-bedroom, 1-bath studio layout with a cozy living area, a charming kitchen, and a private balcony off the bedroom. Furniture can stay! The lower-level unit, newly renovated and twice the size of the upper, includes a spacious bedroom and sitting area, a well-appointed kitchen with eat-in dining space, an office nook, and an updated bathroom. Both units share a convenient laundry area with exterior access. Additional storage abounds with three separate spaces—a large two-story shed beside the home, a smaller backyard shed, and an attached storage area on the lower level. This property can also function as a single-family residence: the interior staircase that once connected the two levels could be reinstalled, with the understanding that doing so would require reconfiguration of the bathroom and hot water heater in the lower unit. Alternatively, enjoy one level as your home while renting the other for additional income. The current owners have provided a P&L statement for the upper unit, and the newly completed lower unit offers even greater income potential. See attached P&L for details. Also listed as duplex MLS # 4318186. Upper Unit bedroom has no dedicated closet.
Fire Pit
| List Price: | $399,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 513 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4322798 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Lot Description: | Level, Sloped, Views |
| Year Built: | 2002 |
| Sewer Type: | Septic Installed |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 12-08-2025 | Price Decrease | $399,000-6.12% | $778 |
| 11-24-2025 | Price Decrease | $425,000-4.49% | $829 |
| 11-18-2025 | Listed | $445,000 | $868 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| ArtSpace Charter School | 1 miles | KG-06 | 8 |
| Charles C Bell Elementary | 4 miles | KG-05 | 8 |
| Evergreen Community Charter | 4 miles | KG-06 | 8 |
| Haw Creek Elementary | 4 miles | KG-05 | 7 |
| Oakley Elementary | 6 miles | KG-05 | 4 |
| Fairview Elementary | 6 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.
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 |
| 223 Davidson Road, Swannanoa NC | 0 mi | $399,000 | days | |
| 30 Linn Garden Lane, Swannanoa NC | 0 mi | $599,900 | days | |
| 8 Vultures Nest None, Swannanoa NC | 0.2 mi | $235,000 | days | |
| 14 Vultures Nest Road, Swannanoa NC | 0.3 mi | $275,000 | days | |
| 326 New Salem Road, Swannanoa NC | 0.3 mi | $325,000 | days | |
| 28 Craggy Vista Drive, Swannanoa NC | 0.3 mi | $635,000 | days |
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 |
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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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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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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.
A Courtesy Listing Provided By Preferred Properties
223 Davidson Road, Swannanoa NC is a 513 ft2 on a 0.520 acres lot. This is for $399,000. This has 2 bedrooms, 2 baths, and was built in 2002.
Based on information submitted to the MLS GRID as of 2025-11-18 11:10:31 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
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