$1,400,000
Est. Payment: $7,196/mo
Adjust down payment, rate & terms
1186 Old US 70 Hwy, Black Mountain, NC 28711
Black Mountain, NC 28711
7
bedrooms
9
baths
4,703
sq.ft.
$298
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the "Front Porch of Western North Carolina," this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain—known for its artisanal shops and craft breweries—and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region’s most desirable locations. NO HISTORICAL RESTRICTIONS!
About the Neighborhood
Homes for sale in 28711 offer buyers a premier Blue Ridge Mountain lifestyle in Black Mountain, a small Buncombe County community approximately 15 miles east of Asheville via I-40, widely regarded as one of Western North Carolina's most beloved small towns for its vibrant arts scene, walkable downtown, and dramatic mountain setting. The residential landscape features early 20th-century Craftsman bungalows and mountain vernacular cottages in the historic town core alongside mid-century ranches and newer custom construction on wooded mountain lots with layered Blue Ridge views. The celebrated Downtown Black Mountain corridor along State Street delivers an exceptional concentration of independent galleries, local restaurants, and music venues reflecting the community's deep creative heritage, while Lake Tomahawk Park provides a beloved in-town green space with walking trails and community amenities. The Swannanoa River greenway and direct Blue Ridge Parkway access provide extraordinary outdoor recreation connectivity. The 28711 real estate market commands strong demand from buyers drawn to the community's authentic mountain arts character, walkable downtown, and Asheville proximity, typically a 20-minute commute via I-40, at price points below Asheville's most competitive intown markets.
Property Features
Property Description
- Beds Total: 7
- Full Baths: 9
- Half Baths: 0
- Year Built: 1830
- Living Area: 4,703 sqft
- New Construction: No
- MLS #: 4258643
Additional Home Features
- Subdivision: None
Association
- HOA Required: No
Utilities
- Cable Available
- Cable Connected
- Electricity Connected
Interior Features
- Heating: Baseboard, Central, Wall Furnace, Wood Stove
- Cooling: Central Air, Wall Unit(s), Window Unit(s)
- Inside
- Laundry Room
Appliances
- Dishwasher
- Dryer
- Electric Cooktop
- Electric Oven
- Refrigerator
Construction Materials
- Asbestos
- Vinyl
- Wood
- Foundation: Basement
- Roof: Fiberglass, Metal, Rubber
Cooling
- Central Air
- Wall Unit(s)
- Window Unit(s)
Foundation Details
- Basement
Heating
- Baseboard
- Central
- Wall Furnace
- Wood Stove
Laundry Features
- Inside
- Laundry Room
Levels
- Two and a Half
Parking Features
- Driveway
- RV Access/Parking
- Shared Driveway
Exterior Features
- Patio/Porch: Patio
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Flooring
- Tile
- Wood
Fireplace
- Fireplace: No
- Den
Tax and Financial Info
- Listing Terms: Cash, Conventional
Location
Schools
Elementary
Black Mountain
Middle
Charles D Owen
High School
Charles D Owen
LISTING COURTESY OF: CENTURY 21 CONNECTED
brokerchrissmith@gmail.com
$1,400,000
Est. Payment: $7,196/mo
Adjust down payment, rate & terms
Black Mountain, NC 28711
7
bedrooms
9
baths
4,703
sq.ft.
$298
price per sf
Presented By
Carnarri Cofield
REALTOR®
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Century 21 Connected
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. 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.
$1,400,000
1186 Old US 70 Highway
7 bed, 9 bath