For Sale $650,000
Own a piece of Asheville history with this premier turnkey investment opportunity. Nestled on the third floor of the iconic, Douglas Ellington-designed Art Deco S&W Building, this luxury 1-bed, 1-bath loft is a highly successful, proven short-term rental in the absolute heart of downtown. Accessible via a secure elevator, the condo beautifully marries historic character with modern urban luxury. Fall in love with the soaring raw concrete ceilings, original exposed brick accent walls, gleaming hardwood floors, and massive windows that frame downtown views. The open-concept layout flows seamlessly from the chic dining area into a fully equipped kitchen featuring granite countertops and stainless steel appliances. Walk out into Asheville’s finest dining, shopping, and entertainment—or simply take the elevator downstairs to the bustling S&W Market food hall. Fully furnished and completely turnkey, this is a rare, blue-chip asset to add to your portfolio or utilize as the ultimate downtown getaway. Transferable legal short term rental.
Elevator
Built-in Features, Cable Prewire, Open Floorplan
| List Price: | $650,000 |
| Status: | For Sale |
| Bedrooms: | 1 |
| Type: | Condominium |
| Approx Sq. Ft.: | 1000 sqft |
| Parking: | On Street |
| MLS Number: | CAR4394114 |
| Subdivision: | S & W Condominium |
| Style: | Modern |
| Bathrooms: | 1 |
| Lot Description: | Views, Other - See Remarks |
| Year Built: | 1929 |
| Sewer Type: | Public Sewer |
| Elementary: | Asheville City |
| Middle: | Asheville |
| High: | Asheville |
| Date | Event | Price | $/SQFT |
| 07-05-2026 | Listed | $650,000 | $650 |
| 09-03-2025 | Listed | $419,480 | $420 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Isaac Dickson Elementary | 1 miles | PK-05 | 9 |
| Claxton Elementary | 1 miles | KG-05 | 6 |
| Hall Fletcher Elementary | 2 miles | PK-05 | 2 |
| Ira B Jones Elementary | 2 miles | PK-05 | 8 |
| Francine Delany New School for Children | 3 miles | KG-06 | 9 |
| Haw Creek Elementary | 3 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 |
| 56 Patton Avenue, Asheville NC | 0 mi | $650,000 | days | |
| 35 Patton Avenue, Asheville NC | 0.1 mi | $774,000 | days | |
| 53-C College Street, Asheville NC | 0.1 mi | $1,250,000 | days | |
| 59 College Street, Asheville NC | 0.1 mi | $369,000 | days | |
| 12 Lexington Avenue, Asheville NC | 0.1 mi | $575,000 | days | |
| 21 Battery Park Avenue, Asheville NC | 0.1 mi | $525,000 | 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 |
Powered by Google Maps
| 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 |
|
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.
A Courtesy Listing Provided By Howard Hanna Beverly-Hanks Asheville-Downtown
56 Patton Avenue, Asheville NC is a 1000 ft2 . This is for $650,000. This has 1 bedrooms, 1 baths, and was built in 1929.
Based on information submitted to the MLS GRID as of 2026-07-05 10:11:29 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.