416 Cherokee Avenue, Black Mountain NC
- 4 Bed
- 3 Bath
- 1394 ft2
- 0.5 ac
For Sale $850,000
Remarks:
Two Homes | Multigenerational Living | Proven Short-Term Rental Success Welcome to a rare and remarkable opportunity in one of Black Mountain’s most sought-after neighborhoods. Ideally situated across from the scenic Black Mountain Golf Course and just a short stroll to Lake Tomahawk—featuring tennis courts, a playground, and a community pool—this property offers more than a home; it offers a lifestyle defined by charm, connection, and natural beauty. This unique property includes two thoughtfully maintained residences on a single parcel, making it ideal for multigenerational living, an income-producing investment, or a live-and-earn arrangement. The main home offers 1,394 square feet of comfortable, well-designed living space with a functional layout suited for everyday living or long-term rental potential. Privately set just behind, the 807 square foot one-bedroom guest cottage is a proven short-term rental performer. Carefully curated for guest comfort, it has become a favorite retreat for visitors who return year after year to experience the charm of Black Mountain. Don’t miss this exceptional opportunity to own a versatile property in one of Western North Carolina’s most welcoming and vibrant communities.
General Information:
| List Price: | $850,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1394 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4330813 |
| Subdivision: | Methodist Colony |
| Style: | Bungalow |
| Bathrooms: | 3 |
| Year Built: | 1965 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-15-2026 | Listed | $850,000 | $610 |
| 04-06-2026 | Price Decrease | $359,999-1.10% | $259 |
| 03-12-2026 | Listed | $364,000 | $262 |
| 08-11-2025 | Under Contract | $199,000 | $143 |
| 06-14-2025 | Price Decrease | $199,000-13.10% | $143 |
| 05-01-2025 | Listed | $229,000 | $165 |
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 |
| 416 Cherokee Avenue, Black Mountain NC | 0 mi | $850,000 | days | |
| 597 Tomahawk Avenue, Black Mountain NC | 0.2 mi | $769,000 | days | |
| 15 Tudor Way, Black Mountain NC | 0.2 mi | $457,000 | days | |
| 25 Byrd Road, Black Mountain NC | 0.2 mi | $399,999 | days | |
| 104 Hiawassee Avenue, Black Mountain NC | 0.2 mi | $429,000 | days | |
| 213 Park Lane, Black Mountain NC | 0.2 mi | $439,000 | 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
Powered by Google Maps
Mortgage Calculator
$
%
%
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28711
|
Occupancy Types |
|
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.
Property Listing Information
A Courtesy Listing Provided By Mosaic Community Lifestyle Realty
416 Cherokee Avenue, Black Mountain NC is a 1394 ft2 on a 0.450 acres Appraisal lot. This is for $850,000. This has 4 bedrooms, 3 baths, and was built in 1965.
Based on information submitted to the MLS GRID as of 2026-04-15 11:56:40 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.
Click here for more information
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.
Share
