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About This Home

This 1-bedroom, 1-bathroom single family at 24 Ian River Drive in Asheville, NC is listed for $495,000 ($842 per sqft). Built in 1980, the home offers 588 sqft of living space on a 2.31 acres lot.

Agent Description

Rarely does a property deliver immediate cash flow and major future potential in one of Asheville's most desirable submarkets. This beautifully renovated 1 bed / 1 bath cottage sits on an expansive 2.31-acre parcel-mostly cleared, gently rolling, and zoned for low-density multifamily.

Move in, keep it as a peaceful primary residence, or continue operating it as the proven high-performing short-term or long-term rental it already is. Either way, revenue can begin the moment you close. Inside you'll find bright, open living spaces finished with modern touches, updated appliances, and a clean, turnkey feel that appeals to today's renters and buyers alike.

Step onto the large deck to enjoy long mountain sunsets and the deep quiet that still feels close to everything. The land is the true standout: Ample parking for multiple vehicles, guests, or equipment Large central storage shed (ideal for tools, maintenance gear, or future conversion) Gently sloping, mostly open topography ready for development Zo

ning allows additional dwellings-creating the opportunity for more rental units, a family compound with guest houses, or (subject to approvals) a small subdivision. In West Asheville's rapidly appreciating foothills, this kind of scalable acreage with existing improvements is exceptionally scarce.

Location seals the deal: Minutes to West Asheville's eclectic mix of breweries, coffee shops, restaurants, and boutiques Under 15 minutes to downtown Asheville's world-class dining, arts, music, and vibrant energy Whether you're an investor seeking cash-flow-now + equity-later, a homeowner wanting space and privacy with income potential, or both-this is one of the smartest opportunities available in Western North Carolina right now.

Schedule a private showing today. Properties that combine instant income, modern livability, and meaningful development upside in this market simply don't last.

Key Features

  • Built in 1980
  • 2.31 acre lot

Property Details

1 story
1 full
1980

Amenities

A/C

Monthly Cost Estimate

$2,647/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,145
Insurance$144

Estimates only. Actual payments may vary.

Location

24 Ian River Drive

Asheville, NC 28806

Property Details

Flooring

Wood

Construction

Vinyl

Pool Features

Porch

Parking

Driveway

Heating

Heat Pump (Heating)

Cooling

Central Air

Appliances

Electric OvenElectric RangeElectric Water HeaterMicrowaveRefrigerator

Questions & Answers

This 1-bedroom, 1-bathroom single family at 24 Ian River Drive is listed at $495,000 ($842/sqft). The estimated monthly payment is $2,145 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 2.31 acre lot.

This property is listed by Preston Mayfield and can be reached at 8283769068 or ncmountainre@kw.com.

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PM

Preston Mayfield

Agent at Keller Williams - Black Mtn.

(828) 376-9068

Listed by Keller Williams - Black Mtn. · View on Broker Site

MLS# 4316888· Source: listhub· Updated 133 days ago

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

24 Ian River Drive, Asheville, NC 28806

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