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460 Elk Mountain Scenic Hwy
Asheville, NC 28804
Bittersweet Cottage · Hospitality Property For Sale · 2,926 SF
Investment Highlights
- Rare opportunity. Family compound, nestled on Elk Mountain Scenic Highway, offering a private oasis, minutes to Downtown Asheville
- Uncompromised views from all three structures with a 180 degree mountain backdrop and the twinkling lights of downtown Asheville in the distance
- Incredible opportunity for passive income. Located just outside the city limits with 3 separate dwellings: The main residence and 2 turn-key cottages
- Turn-key business, family compound or live/work opportunity with occupancy of the main house & an established short-term rental business for cottages
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1953/2023 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.80 AC | Parking Ratio | 3.5/1,000 SF |
| Building Size | 2,926 SF | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.80 AC |
| Building Size | 2,926 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
| Tenancy | Single |
| Parking Ratio | 3.5/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
About 460 Elk Mountain Scenic Hwy , Asheville, NC 28804
Rare opportunity: 3 acre family compound on an incredible site. 3 private dwellings open to panoramic yr-round views of DT Asheville & the Blue Ridge Mtns beyond. Original stone & brick, timber beam ceilings, wormy chestnut, cedar & oak details create unique charm. The main house includes a large primary w/adjoining library, a guest room w/deck access & 2 bonus rooms suitable for office or play. The 2nd dwelling awaits through a walk-thru stunning pergola. This 1 BR home is completely updated. The kitchen/living area opens onto a deck creating tranquil outdoor space. A stroll around 1 of the 2 garages brings you to the 3rd dwelling (also completely updated). Large windows showcase a lovely deck w/sunken spa. This home includes an open kitchen, dining & living area, 1 BR & glass block bath. A bucolic stone waterfall, stream & fishpond enhance the serene setting. Prime location, 3 gorgeous dwellings, beautiful gardens & wildflower meadows work together to create a feeling of enchantment.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $374,100 | |
| Land Assessment | $138,000 | Total Assessment | $512,100 |
PROPERTY TAXES
zoning
| Zoning Code | R-1 (No zoning restrictions against short-term renting 1, 2 or all 3 properties) |
| R-1 (No zoning restrictions against short-term renting 1, 2 or all 3 properties) |
Learn More About Investing in Hospitality Properties
