$495,000

24 Ian River Drive, Asheville, NC 28806

  • 1 bed |
  • 1 bath |
  • 588 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon2.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $842/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

Located in the rapidly appreciating foothills of West Asheville, this exceptional 2.31-acre estate represents a rare "buy and hold" opportunity that perfectly pairs immediate, high-performing cash flow with massive long-term development upside. At the heart of the property sits a beautifully renovated, fully turnkey 1-bedroom, 1-bathroom cottage that effortlessly defines "mountain modern" living. Inside, the home boasts a bright, open-concept layout with updated appliances and crisp contemporary finishes, while the oversized viewing deck serves as an outdoor living room with a front-row seat to long-range mountain sunsets. Generating revenue from day one, the cottage is ideally suited as a premier short-term rental, a chic primary residence, or a proven long-term income producer. Beyond the immaculate home lies the property's true crown jewel: 2.31 acres of expansive, mostly cleared, and gently rolling land. Zoned for Low-Density Multifamily, this highly scalable acreage is a developer’s dream or a homeowner’s private sanctuary, offering ample room to build additional dwellings, guest houses, or a private family compound. The "easy-build" gentle slope significantly reduces future site-prep costs, and the property comes equipped with practical infrastructure, including extensive parking for multiple vehicles or equipment and a large central storage shed perfect for a workshop conversion. Positioned to offer a peaceful, "deep-woods" feel without isolation, the estate is located less than 10 minutes from the breweries and boutiques of Haywood Road, and under 15 minutes from the world-class culinary scene of Downtown Asheville. Ultimately, this is a highly strategic acquisition for the forward-thinking buyer who recognizes the unmatched value of combining immediate cash flow with smart, equity-rich land banking in Western North Carolina.

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 7:18AM
Listing Office:
Keller Williams Professionals : 828-669-5220
MLS ID:
4316888
  • Appliances: Electric OvenElectric RangeElectric Water HeaterMicrowaveRefrigerator
  • Laundry: In KitchenMain Level
  • Flooring: Wood
  • A/C: Central Air
  • Heating: Heat Pump
  • Style: Cottage
  • Other Structures: Side Porch
  • Parking: Driveway
  • General: Site BuiltCrawl Space
  • Road/Access: GravelOther
  • Originating MLS: carolina
  • County: Buncombe
  • Zoning: RM69627-59-4429-00000
  • Water: Shared Well
  • Sewer: Septic Installed
  • Source: carolina

This listing courtesy of Keller Williams Professionals

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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