For Sale $525,000
Discover the ultimate West Asheville gem: a turnkey, fully renovated 1-bedroom, 1-bathroom cottage blending instant income with boundless development potential, all set on a sprawling 2.31-acre parcel. This stylish retreat—featuring open living spaces with modern finishes and appliances—boasts a proven track record as a high-performing rental, allowing you to start generating revenue from day one or claim it as a serene primary residence with built-in financial perks. Step outside to the expansive deck, perfect for soaking up golden-hour sunsets and starlit nights, enjoying a sense of private tranquility. The real value unfolds across the gently rolling, mostly cleared terrain, which is zoned for low-density multifamily. This expansive canvas is primed for your vision: think additional rental dwellings for a thriving portfolio, a large private family estate, or subdivision (pending local approvals). Practical ease is ensured with ample parking for multiple vehicles or construction equipment, plus a spacious central shed for versatile storage. This rare property perfectly fuses foothills tranquility with urban convenience; you're just minutes from West Asheville's quirky boutiques and craft breweries, and under 15 minutes to downtown's celebrated dining and arts scene. It’s more than land—it’s a savvy investor's dream, delivering scalable value and your legacy in the making in one of North Carolina's hottest markets. Schedule your private tour today and unlock the extraordinary.
| List Price: | $525,000 |
| 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 |
| Elementary: | Sand Hill-Venable/Enka |
| Middle: | Enka |
| High: | Enka |
| Date | Event | Price | $/SQFT |
| 11-29-2025 | Listed | $525,000 | $893 |
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.
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 | $525,000 | days | |
| 104 Wendover Road, Asheville NC | 0.2 mi | $400,000 | days | |
| 648 Sand Hill Road, Asheville NC | 0.2 mi | $1,599,000 | days | |
| 52 Malvern Walk, Asheville NC | 0.3 mi | $1,325,000 | days | |
| 41 Malvern Walk, Asheville NC | 0.3 mi | $1,495,000 | days | |
| 20 Malvern Walk, Asheville NC | 0.4 mi | $965,000 | 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)
| Property Taxes |
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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 Keller Williams - Black Mtn.
24 Ian River Drive, Asheville NC is a 588 ft2 on a 2.310 acres lot. This is for $525,000. This has 1 bedrooms, 1 baths, and was built in 1980.
Based on information submitted to the MLS GRID as of 2025-11-29 11:40:05 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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