$599,000
169 and 171 Cragmont Rd, Black Mountain, NC 28711
4 bed · 0 bath · 1,516 sq ft
4
bedrooms
N/A
baths
1,516
sq.ft.
$395
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living. The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility. Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation. And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car. Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.
LISTING COURTESY OF: NOBLE & COMPANY REALTY
marynoble@nc-realty.com
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: 4
- Year Built: 1954
- Living Area: 1,516 sqft
- New Construction: No
- MLS #: 4416488
Association
- HOA Required: No
Utilities
- Electricity Connected
Interior Features
- Heating: Ductless, Electric, Heat Pump
- Cooling: Ductless
- In Basement
- In Unit
Appliances
- Electric Oven
- Electric Range
- Refrigerator
Construction Materials
- Block
- Wood
- Foundation: Basement, Crawl Space
Cooling
- Ductless
Foundation Details
- Basement
- Crawl Space
Heating
- Ductless
- Electric
- Heat Pump
Laundry Features
- In Basement
- In Unit
Parking Features
- Assigned
Exterior Features
- Fencing: Back Yard
Pets Allowed
- Conditional
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Dirt, Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Architectural Style
- Cottage
- Other
Tax and Financial Info
- Listing Terms: Cash, Conventional, FHA
Location
Similar homes nearby
$599,000
Est. Payment: $3,079/mo
Illustrative estimate only, not an offer of credit. Assumes 20% down and a 30-year fixed loan at 6.5%, plus estimated property tax, insurance, and HOA. Actual rate, APR, and payment will vary.
Adjust down payment, rate & terms
Black Mountain, NC 28711
4
bedrooms
N/A
baths
1,516
sq.ft.
$395
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
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.
Listing Courtesy of Noble & Company Realty
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. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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