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401 N Fifth St, Highlands
$2,700,000
4 Baths ⋅ 103221 MLS
LOCATION! This Highlands landmark is one of the last great, walk-to-town parcels. Zoned B-4 (light commercial) and sits on .92 acre. Renovate or start over- anything can be duplicated- EXCEPT the location. The first time on the market and being offered AS-IS. The main level has wood floors and is paneled with clear Chestnut as the home was built just as the Chestnut blight came through town. The main level has a small kitchenette, storage, full bath and 4 rooms (The former living area is partitioned to allow for the reception area.) The attic is floored in, runs the entire length of the house and has great storage. This is a property full of memories for many local people. In the 1920s, this property was a 9-hole golf course as part of the Hall House property. Built in 1931 with chestnut paneling on the main level, this property has been a personal residence, home occupation, B&B, and is now zoned B-4. This property has been in the same family since the town was incorporated, and once took up the whole block. This is the only parcel left and contains .92 ac+/-. The home of Margaret and Tudor Hall and their extended family lived here from 1931 until the early 1990s when The Chambers Agency moved their real estate and vacation rentals office. Tudor and Margaret had a real estate office in town and were charter members of the Highlands Board of Realtors in 1956. In the mid-1990s, the garage was renovated into a one-bedroom/one-bath apartment and has been partially renovated. Prior to 1992, Mrs. Hall ran a boutique B&B, The Hall House, and the rooms upstairs that had been her children's bedrooms became weekend spots for tourists, and later became real estate offices for The Chambers Agency. In 2013, the four upper-level rooms were converted into two one-bedroom/one-bath apartments for workforce housing.

401 N Fifth St, Highlands

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Highlands, NC · Curated MLS Search

Commercial (Property Type) in Highlands, NC

An editorially curated view of every active commercial (property type) listing in Highlands, NC. Updated in real time from the local MLS, presented without the noise.

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Highlands Market — Commercial (Property Type) Comparison

Live MLS data — citywide vs. Commercial (Property Type)

Highlands
Commercial (Property Type)
inventory
Active Listings
345
2
Sold (Past 6 Mo.)
153
1
Under Contract
24
0
pricing
Avg. List Price
$1,746,199
$2,400,000
Cost / Sq. Ft.
$592
—
typical home
Living Area
2,650 ft²
—
Avg. Beds
3.2
—
Avg. Baths
3.6
2.5
Days on Market
214
577

Commercial (Property Type) in Highlands: Market Data

Data as of (MLS snapshot; listings below update live)

Jon Tharp Homes' review of MLS data as of October 21, 2026 shows 2 active listings for Highlands commercial (property type). Listings like these do not come up often in Highlands. These listings made up about 1% of the 345 active listings in Highlands, across every property type. Over the past six months, 1 listing in this search sold. With so few listings, setting up a listing alert is the easiest way to learn of the next one.

Commercial (Property Type) in Highlands, NC, October 21, 2026
MeasureValue
Active listings2
All active listings in Highlands, every property type345
Sold, past six months1

Commercial (Property Type) in other cities

Market questions

How many Highlands commercial (property type) are for sale?

There were 2 Highlands commercial (property type) for sale as of October 21, 2026, based on Jon Tharp Homes' review of MLS data.

How do Highlands commercial (property type) compare with other cities?

As of October 21, 2026, there were 2 Highlands commercial (property type) for sale. In the same search, Buncombe County had 185 commercial (property type) for sale at a median list price of $1,290,000, Asheville had 118 commercial (property type) for sale at a median list price of $1,200,000 and Haywood County had 75 commercial (property type) for sale at a median list price of $649,000.

How many Highlands commercial (property type) sold in the past six months?

There was 1 sale of Highlands commercial (property type) in the six months before October 21, 2026.

How do Highlands commercial (property type) compare with all active listings in Highlands?

As of October 21, 2026, there were 2 Highlands commercial (property type) for sale, out of 345 active listings in Highlands across every property type.

Listing data courtesy of Carolina Multiple Listing Services, Inc.

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