24 Ian River Drive, Asheville NC
- 1 Bed
- 1 Bath
- 588 ft2
- 2.3 ac
For Sale $495,000
Remarks:
The West Asheville Equity-Play: Modern Cottage on 2.31 Scalable Acres The Rare "Buy & Hold" with Immediate Yield It is exceptionally rare to find a property that offers immediate high-performing cash flow paired with the long-term upside of a multi-unit development site. Located in the rapidly appreciating foothills of West Asheville, this 2.31-acre estate features a beautifully renovated 1-bedroom, 1-bathroom cottage that is fully turnkey. Whether you are looking for a high-performing short-term rental (STR), a chic primary residence with room to grow, or a proven long-term income producer, this property generates revenue the moment you close. The Cottage: Modern, Minimalist, & Move-In Ready Inside, the home defines "mountain modern" with bright, open-concept living, updated appliances, and crisp finishes that appeal to the discerning modern renter. The oversized deck serves as an outdoor living room, offering a front-row seat to long-range mountain sunsets and the profound quiet of the foothills—all while remaining minutes from the city's pulse. The Land: Your Development Canvas The true value lies in the expansive, mostly cleared, and gently rolling topography. Zoned for Low-Density Multifamily, the site is a developer’s dream or a homeowner’s private sanctuary. Scalability: Ample acreage to add additional dwellings, guest houses, or a private family compound. Infrastructure: Extensive parking for multiple vehicles or equipment, plus a large central storage shed perfect for a workshop or conversion. Topography: The "easy-build" gentle slope significantly reduces site-prep costs for future expansion. Location: The Best of Both Worlds Enjoy the "deep-woods" feel without the isolation. You are less than 10 minutes from the breweries, boutiques, and eclectic energy of Haywood Road, and under 15 minutes from the world-class culinary scene of Downtown Asheville. The Bottom Line This is a strategic acquisition for the buyer who understands the value of Cash Flow + Land Banking. Whether you’re an investor seeking an equity-rich development site or a homeowner looking for privacy with an income-producing "safety net," this property represents one of the smartest opportunities in the Western North Carolina market.
General Information:
| List Price: | $495,000 |
| Status: | For Sale |
| Bedrooms: | 1 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 588 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4316888 |
| Subdivision: | none |
| Style: | Cottage |
| Bathrooms: | 1 |
| Lot Description: | Cleared, Level |
| Year Built: | 1980 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Sand Hill-Venable/Enka |
| Middle: | Enka |
| High: | Enka |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-15-2026 | Listed | $495,000 | $842 |
| 04-30-2025 | Listed | $179,000 | $305 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Vance Elementary | 1 miles | KG-05 | 9 |
| Francine Delany New School for Children | 1 miles | KG-06 | 9 |
| Hall Fletcher Elementary | 2 miles | PK-05 | 2 |
| Invest Collegiate (Buncombe) | 3 miles | KG-06 | 8 |
| Isaac Dickson Elementary | 4 miles | PK-05 | 9 |
| Claxton Elementary | 5 miles | KG-05 | 6 |
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 |
| 24 Ian River Drive, Asheville NC | 0 mi | $495,000 | days | |
| 40 Malvern Walk, Asheville NC | 0.3 mi | $1,295,000 | days | |
| 226 School Road, Asheville NC | 0.4 mi | $500,000 | days | |
| 15 Merion Drive, Asheville NC | 0.4 mi | $400,000 | days | |
| 1 Narbeth Road, Asheville NC | 0.4 mi | $309,000 | days | |
| 32 Merion Drive, Asheville NC | 0.4 mi | $295,000 | 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 28806
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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
24 Ian River Drive, Asheville NC is a 588 ft2 on a 2.310 acres lot. This is for $495,000. This has 1 bedrooms, 1 baths, and was built in 1980.
Based on information submitted to the MLS GRID as of 2026-04-15 09:51:14 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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