502 Long Shoals Road, Arden NC
- 4 Bed
- 3 Bath
- 1226 ft2
- 1.0 ac
For Sale $995,000
Remarks:
Rare investor opportunity centered around potential commercial frontage on Long Shoals Road. This nearly 1-acre property offers excellent visibility along a high-traffic corridor, while the existing income-producing home sits privately toward the rear of the lot with separate driveway access from Memory Lane. Currently zoned R2, the property features a 4-bedroom, 3-bath bungalow with strong rental history, mountain views, private deck, lower-level theatre room, second primary suite with separate entry, 1-car garage, and roof replaced in 2014. The home can continue generating income while a buyer explores the long-term value of the Long Shoals Road frontage. City sewer is believed to be very close by near the corner of Memory Lane and Clayton Road, creating potential upside for a buyer willing to pursue sewer connection, subdivision, or possible commercial rezoning, all subject to applicable approvals. The property also benefits from strong sight lines near the Clayton Road intersection and visually reads like a corner lot because the lot at the intersection in front of it is not buildable. Hold the rental home, pursue the frontage opportunity, and unlock the future potential of this highly visible Long Shoals Road parcel. Owner also owns the property next door at 506 Long Shoals, if interested in more frontage potential, please reach out.
General Information:
| List Price: | $995,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1226 sqft |
| Parking: | Driveway, Attached Garage |
| MLS Number: | CAR4372104 |
| Subdivision: | None |
| Bathrooms: | 3 |
| Year Built: | 1966 |
| Sewer Type: | Private Sewer |
Assigned Schools:
| Elementary: | Avery's Creek/Koontz |
| Middle: | Valley Springs |
| High: | T.C. Roberson |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-27-2026 | Listed | $995,000 | $812 |
| 12-21-2025 | Under Contract | $568,900 | $465 |
| 11-17-2025 | Price Decrease | $568,900-5.10% | $465 |
| 10-11-2025 | Price Decrease | $599,500-7.77% | $489 |
| 07-12-2025 | Listed | $650,000 | $531 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| William W Estes Elementary | 2 miles | KG-05 | 8 |
| Invest Collegiate (Buncombe) | 4 miles | KG-06 | 8 |
| Glenn C Marlow Elementary | 5 miles | KG-05 | 10 |
| Fletcher Elementary | 6 miles | KG-05 | 9 |
| Hall Fletcher Elementary | 7 miles | PK-05 | 2 |
| Oakley Elementary | 7 miles | KG-05 | 4 |
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 |
| 502 Long Shoals Road, Arden NC | 0 mi | $995,000 | days | |
| 111 Ellis Lane, Arden NC | 0.6 mi | $650,000 | days | |
| 6 Mulberry Drive, Arden NC | 0.6 mi | $485,000 | days | |
| 19 Craftsman Overlook Ridge, Arden NC | 0.6 mi | $804,000 | days | |
| 21 Craftsman Overlook Ridge, Arden NC | 0.6 mi | $888,000 | days | |
| 20 Craftsman Overlook Ridge, Arden NC | 0.6 mi | $749,000 | 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 28704
|
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 Walnut Cove Realty/Allen Tate/Beverly-Hanks
502 Long Shoals Road, Arden NC is a 1226 ft2 on a 0.950 acres Appraisal lot. This is for $995,000. This has 4 bedrooms, 3 baths, and was built in 1966.
Based on information submitted to the MLS GRID as of 2026-05-27 11:05:21 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.
