Property Details
24 Ian River Drive
Asheville
$495,000
MLS Number: 4316888
Status: Active
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.
Location |
|
|---|---|
| Address | 24 Ian River Drive Asheville |
| Subdivision | none |
| County | Buncombe |
Overview |
|
| Bedrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Square Feet | 588 sqft |
| Lot Size | 2.31 acres |
| Year Built | 1980 |
General |
|
| List Price | $495,000 |
| MLS Number | 4316888 |
| Status | Active |
| Office | Keller Williams Professionals |
Schools |
|
| Elementary | Sand Hill-Venab |
| Middle | Enka |
| High | Enka |
Features |
|
| Type | Single Family Residence |
| Style | Cottage |
| Parking | Driveway |
| Water/Sewer | Shared Well |
| Floor Coverings | Wood |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 06/29/26 4:34 am 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. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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