24 Ian River Drive, Asheville, NC 28806
Local realty services provided by:Better Homes and Gardens Real Estate Foothills
Listed by: preston mayfield
Office: keller williams professionals
MLS#:4316888
Source:CH
24 Ian River Drive,Asheville, NC 28806
$495,000
- 1 Beds
- 1 Baths
- 588 sq. ft.
- Single family
- Active
Price summary
- Price:$495,000
- Price per sq. ft.:$841.84
About this home
The West Asheville Equity-Play: Modern Cottage on 2.31 Scalable Acres
The Rare "Buy & Hold" with Immediate Yield
It is exceptionally rare to find a property that offers immediate high-performing cash flow paired with the long-term upside of a multi-unit development site. Located in the rapidly appreciating foothills of West Asheville, this 2.31-acre estate features a beautifully renovated 1-bedroom, 1-bathroom cottage that is fully turnkey. Whether you are looking for a high-performing short-term rental (STR), a chic primary residence with room to grow, or a proven long-term income producer, this property generates revenue the moment you close.
The Cottage: Modern, Minimalist, & Move-In Ready
Inside, the home defines "mountain modern" with bright, open-concept living, updated appliances, and crisp finishes that appeal to the discerning modern renter. The oversized deck serves as an outdoor living room, offering a front-row seat to long-range mountain sunsets and the profound quiet of the foothills—all while remaining minutes from the city's pulse.
The Land: Your Development Canvas
The true value lies in the expansive, mostly cleared, and gently rolling topography. Zoned for Low-Density Multifamily, the site is a developer’s dream or a homeowner’s private sanctuary.
Scalability: Ample acreage to add additional dwellings, guest houses, or a private family compound.
Infrastructure: Extensive parking for multiple vehicles or equipment, plus a large central storage shed perfect for a workshop or conversion.
Topography: The "easy-build" gentle slope significantly reduces site-prep costs for future expansion.
Location: The Best of Both Worlds
Enjoy the "deep-woods" feel without the isolation. You are less than 10 minutes from the breweries, boutiques, and eclectic energy of Haywood Road, and under 15 minutes from the world-class culinary scene of Downtown Asheville.
The Bottom Line
This is a strategic acquisition for the buyer who understands the value of Cash Flow + Land Banking. Whether you’re an investor seeking an equity-rich development site or a homeowner looking for privacy with an income-producing "safety net," this property represents one of the smartest opportunities in the Western North Carolina market....
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Home facts
- Year built:1980
- Listing ID #:4316888
- Updated:May 13, 2026 at 01:16 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Wood
- Kitchen Description:Electric Oven, Electric Range, Microwave, Refrigerator
- Living area:588 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Year built:1980
- Building area:588 sq. ft.
- Lot area:2.31 Acres
- Lot Features:Cleared, Level
- Architectural Style:Cottage
- Construction Materials:Vinyl
- Foundation Description:Crawl Space
Schools
- High school:Enka
- Elementary school:Sand Hill-Venable/Enka
Utilities
- Water:Shared Well
- Sewer:Septic (At Site)
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$841.84
Features and amenities
- Laundry features:In Kitchen, Main Level
Parking
- Parking description:Driveway
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