$665,000
Est. Payment: $3,418/mo
Adjust down payment, rate & terms
14 Penelope St, Black Mountain, NC 28711
Black Mountain, NC 28711
3
bedrooms
3
baths
1,500
sq.ft.
$443
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Rare opportunity to own a fully renovated property just a short walk from charming downtown Black Mountain. Situated on a quiet, private corner lot with no damage from Hurricane Helene, this exceptional offering includes a beautifully updated brick main home and a separate income-producing accessory dwelling unit (ADU), making it ideal for multigenerational living, short- or long-term rental income, or a private guest retreat. The main residence has been thoughtfully transformed from top to bottom, featuring a durable metal roof, new HVAC, updated plumbing, most new electrical, and a newly permitted finished basement that nearly doubles the home's living space. Now offering 3 bedrooms and 2.5 bathrooms, the home blends timeless character with modern finishes throughout. A hidden speakeasy adds a one-of-a-kind entertaining space that is sure to impress family and friends. The detached 2-bedroom, 1-bath ADU has also been completely renovated and has a proven rental history with consistent occupancy, providing immediate income potential. Outside, enjoy mature landscaping, a one-car garage, and parking for four or more vehicles—an uncommon convenience this close to downtown. Whether you're looking for a primary residence with supplemental income, an investment property, or a flexible family compound, this turnkey property offers outstanding value in one of Black Mountain's most desirable walkable locations.
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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: 3
- Full Baths: 3
- Half Baths: 1
- Year Built: 1965
- Living Area: 1,500 sqft
- New Construction: No
- MLS #: 4394587
Additional Home Features
- Subdivision: none
- Neighborhood: none
Association
- HOA Required: No
Interior Features
- Heating: Forced Air, Heat Pump, Oil
- Cooling: Ceiling Fan(s), Central Air, Heat Pump
- In Basement
Appliances
- Electric Oven
- Electric Range
- Electric Water Heater
- Refrigerator
Construction Materials
- Brick Full
- Foundation: Basement
- Roof: Metal
Cooling
- Ceiling Fan(s)
- Central Air
- Heat Pump
Foundation Details
- Basement
Heating
- Forced Air
- Heat Pump
- Oil
Laundry Features
- In Basement
Levels
- One
Parking Features
- Driveway
- Attached Garage
- Garage Faces Side
- Garage Spaces: 1
Exterior Features
- Patio/Porch: Covered, Front Porch, Side Porch
Other Structures
- Other - See Remarks
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Asphalt, Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Architectural Style
- Ranch
View
- Mountain(s)
- Winter
Flooring
- Carpet
- Linoleum
- Wood
Fireplace
- Fireplace: No
Tax and Financial Info
- Listing Terms: Cash, Conventional, VA Loan
Location
LISTING COURTESY OF: KELLER WILLIAMS PROFESSIONALS
eddie@cottonwoodpropertiesnc.com
$665,000
Est. Payment: $3,418/mo
Adjust down payment, rate & terms
Black Mountain, NC 28711
3
bedrooms
3
baths
1,500
sq.ft.
$443
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 Keller Williams Professionals
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.
$665,000
14 Penelope Street
3 bed, 3 bath