Exploring Vacation Rental Investment Opportunities?

Set amidst the breathtaking beauty of the Blue Ridge Mountains, Asheville stands as a beacon of cultural richness and natural splendor. Its allure lies not only in its picturesque setting but also in the tapestry of architectural wonders that grace its streets. Here, Art Deco facades mingle harmoniously with Beaux Arts grandeur and Neoclassical elegance, creating a visually captivating backdrop that harks back to a bygone era.

Yet beneath this timeless façade pulses a vibrant energy that is unmistakably modern and forward-thinking. Locally owned shops, art galleries, and distinctive restaurants adorn the downtown landscape, each exuding its own unique charm and character. Strolling through Asheville's streets, one can't help but be drawn into the eclectic tapestry of sights, sounds, and flavors that define this city's essence.

Asheville's cultural richness extends far beyond its architectural legacy. It is a bastion of cutting-edge art and technology, a melting pot where creativity and innovation flourish. At the same time, the city remains deeply rooted in its Appalachian heritage, honoring its past while embracing the promise of the future.

But perhaps what truly sets Asheville apart is its unparalleled natural beauty. Surrounded by the majesty of the Appalachian Mountains, this thriving mountain city offers endless opportunities for outdoor adventure. From hiking and biking along scenic trails to exploring cascading waterfalls and panoramic vistas, Asheville is a playground for those who seek to reconnect with nature and indulge in the thrill of exploration.

In Asheville, every corner tells a story, and every street invites discovery. It's a place where the past and present converge, where tradition and innovation coexist in perfect harmony. And as the world begins to take notice of its unique charm and allure, Asheville stands poised to leave an indelible mark on the hearts and minds of all who venture within its embrace.

68, 72, 82, and 84 Oteen Church Road, Asheville

$2,200,000

11 Beds ⋅ 4433781 MLS

An extraordinary opportunity to own a private multigenerational family compound in Asheville! Featuring 4 homes comprising a total of 6 separate living units, this remarkable estate includes 68, 72, 82, and 84 Oteen Church Road, offering a rare combination of privacy, connection, and possibilities. Ideal for extended family, guests, or long-term rental opportunities, this property is surrounded by beautiful wooded areas, expansive lawns, colorful landscaping, and inviting outdoor spaces for each residence. At the heart of the compound, 72 Oteen Church Road is the impressive 5,900+ sq. ft. main residence featuring three distinct living areas, each with its own kitchen, living room, and laundry facilities. A spectacular gathering room with soaring ceilings connects two homes through enclosed hallways, creating an memorable setting for celebrations and entertaining. 72-A on the left side offers single-level living with accessibility-minded features while 72-B on the right side has multiple bedrooms and bonus rooms, including a private lower-level apartment (72-C) that provides even more options for family, guests, or tenants. Outdoor amenities are exceptional, featuring a 15' x 30' heated saltwater pool with automatic cover, expansive pool deck, pergola, dedicated pool bath, greenhouse, and beautiful stone stairway. Three additional residences include the charming Mountain View Cabin (82), cozy Lavender Bungalow (84), and newer Blue Cottage (68), designed with accessibility in mind and featuring a front entry ramp, walk-in tub, and two primary suites. There are 3 PINs in total conveying in one sale, with one lot presenting an opportunity for further development, if new owner desires, with potential uses and plans subject to review and approval by the City of Asheville. The gorgeous grounds also feature a two-stall stable with tack room, storage barn, fenced pasture, and expansive green space. Owners previously enjoyed miniature horses, goats, and a donkey here. Portions of the compound have previously been used as long-term rentals, offering another appealing option for buyers. For those who prefer a different use, the stable offers potential for conversion into a workshop, hobby space, or additional storage, subject to any necessary approvals. More than a collection of homes, this is a rare opportunity to create a lasting legacy! Whether you envision a family compound for multigenerational living, an income-producing property with multiple long-term rentals, or a combination of both, this one-of-a-kind Asheville estate offers the space and flexibility to make it happen!

68, 72, 82, and 84 Oteen Church Road, Asheville

$1,465,000

3 Beds ⋅ 4 Baths ⋅ 4434759 MLS

Private Mountain Retreat on 3+ Wooded Acres Tucked into 3.06 private, wooded acres, this renovated 4,000+ sq ft wood, stone, and log home is built for light, privacy, and self-sufficiency. Vaulted ceilings and walls of south-facing windows fill the living spaces with sunshine year-round and frame winter views through the trees. All three bedrooms are ensuite, giving everyone their own retreat. Step outside to the covered porch for magical evenings, or soak in the private outdoor spa under the trees. A fenced garden and dog run make this an ideal setup for gardeners and pet lovers, and the dog kennel adds even more flexibility for animals. Peace of mind comes standard: a solar array with backup batteries, a backup generator, fresh well water, and underground utilities keep the home running smoothly in any season. Despite the secluded setting, commercial amenities are just 3.5 miles away. Rustic character, thoughtful updates throughout, and room to breathe. This one is a rare find.

364 Lynn Cove Road, Asheville

$795,000

4 Beds ⋅ 4 Baths ⋅ 4389746 MLS

Beautiful Leicester location, just 25 minutes to downtown Asheville! Located in the wonderful Sunrise Valley neighborhood, this home—family-owned for decades—features traditional Appalachian-style dovetail square log and stone construction, spanning 4,600+ sq ft on a level 1.76-acre lot with a low-maintenance metal roof. Enjoy mature landscaping and spacious green space perfect for pets and outdoor fun! This charming 1980s retro split-level design offers an upper main level featuring a cozy formal living room with a wood-burning fireplace and dining area, a sunroom overlooking the swimming pool side yard, two guest bedrooms, and a primary suite with its own covered private porch. The kitchen opens up to a huge great room with another dining area and multiple sitting spaces—ideal for lively gatherings! The lower level, directly accessible from the driveway, includes a professional home office with a separate entrance, a den with a wood-burning ceramic stove, a private guest bedroom with an outside entrance and covered porch, an additional bonus/bedroom, a full bathroom, and 3 large storage rooms previously used for business operations. Exterior highlights include an expansive back deck with stunning wooded sunset views over a neighboring farm, a fenced-in side yard with an in-ground pool (currently non-operational), an attached oversized two-car garage on the 1st level, and a separate workshop with an unfinished apartment above equipped with plumbing and electrical ready for your custom touches. This is a fantastic home for artists, multi-generational living, or anyone who loves ample room to breathe inside and out! Exceptionally functional and priced to accommodate your desired upgrades.

104 Paramount Drive, Leicester

$675,000

2 Beds ⋅ 3 Baths ⋅ 4426881 MLS

Rare find in gated Avery Park community! This beautiful log residence easily allows for complete main-level living, and features primary bedrooms on both floors. A discrete rear ramp provides seamless, step-free access to both front and back entrances. At the heart of the home, a sun-drenched 2-story great room is anchored by a stacked-stone gas fireplace and multi-tiered, southeast-facing windows framing tranquil woodland views. The updated kitchen boasts custom cabinetry, quartz countertops, and a large island with breakfast bar seating. Each floor benefits from its own primary bedroom. The downstairs bedroom featurs plenty of storage, a walk-in closet and dual vanities. Upstairs, the expansive top-floor bedroom—the largest in the home—is served by an adjacent full hall bath. An airy open loft nestles at the peak of the roof, offering an ideal space for an office or playroom. Downstairs you'll find plenty of storage space. Step outside to the wrap-around deck or covered porch. Enjoy neighborhood amenities including pool, tennis, pickleball, and direct trail access to Pisgah National Forest, just minutes from South Asheville.

133 Smokemont Drive, Arden

$475,000

2 Beds ⋅ 2 Baths ⋅ 4418409 MLS

Rare opportunity to own a charming log home in the desirable Beaverdam area of North Asheville! Perched above a quiet street, the expansive front porch offers a peaceful place to relax and enjoy the sounds of nature. Inside, the open and light-filled living room features vaulted ceilings and a striking stone fireplace, creating a warm and inviting setting for gathering on chilly evenings. The upstairs loft offers flexibility as a third bedroom, home office, or creative space. Updates include new kitchen countertops, a new HVAC system, and new 6" gutters in 2021. The basement provides valuable conditioned storage with high-quality, deep shelving. Enjoy a spacious two-car garage plus ample driveway parking for multiple vehicle. Furniture may be included (if desired), making this wonderful mountain retreat even more move-in ready!

1 Locust Avenue, Asheville

$380,000

3 Beds ⋅ 2 Baths ⋅ 4412266 MLS

Discover the charm and privacy of this unique log home tucked away in a peaceful, wooded setting. Featuring beautiful natural wood construction, stone accents, warm hardwood floors, exposed beams, and an inviting rustic character throughout, this property offers the perfect opportunity to enjoy the tranquility of mountain living. The spacious main level provides plenty of room for gathering and entertaining, with a large kitchen featuring abundant cabinetry, stainless steel appliances, hardwood flooring, and a breakfast bar with classic diner-style stools. Multiple living areas offer flexibility for everyday living, a home office, recreation space, or hosting family and friends. Step outside and enjoy the property's impressive outdoor spaces, including a large screened porch/deck overlooking the wooded surroundings, additional decking, stone retaining walls, and a beautiful stone fire-pit area—perfect for relaxing around the fire, entertaining, or enjoying cool mountain evenings. The property also offers a large detached three-car garage/workshop, providing exceptional storage and workspace. Additional unfinished areas offer potential for storage, hobbies, workshop space, or future use. Surrounded by mature trees and natural beauty, the setting provides a wonderful sense of privacy while still offering convenient access to nearby amenities. Whether you're looking for a full-time residence, mountain getaway, or property with room to make your own, this one-of-a-kind log home offers character, space, and plenty of possibilities.

51 Sleepy Forest Drive, Leicester

$420,000

2 Beds ⋅ 2 Baths ⋅ 4418534 MLS

Long-range mountain views and privacy just 15 minutes from downtown Asheville! Tucked into 2.5+ acres of beautifully maintained woodland, this cozy mountain home offers a peaceful setting with year-round long-range mountain and sunset views from the large back porch. The acreage has been thoughtfully cared for, with undergrowth cleared while preserving mature mountain laurel and the natural beauty of the forest. Inside, warm wood accents and a wood-burning fireplace create a cozy mountain feel. Single-level living and three new 2026 mini-splits provide year-round comfort. The current owner has lovingly maintained and extensively improved the property, with numerous updates including a new well pump, new stove and refrigerator, whole-house water filtration, and extensive deck updates. The tall crawl space, with exterior door access, provides useful storage and workshop space. Just 15 minutes to downtown Asheville and 15 minutes to Black Mountain, this is mountain living with the convenience of being close to town. The semicircular driveway offers convenient access and there is ample parking. Ask for the complete list of improvements and upgrades. Short-term rentals are allowed. Showings by appointment only; please do not drive by.

50 Cherokee Lane Unit #3, Swannanoa

$725,000

3 Beds ⋅ 3 Baths ⋅ 4419621 MLS

There are so many possibilities here! This immaculately maintained log home sits on a hill within a wide valley, offering long-range views all around. Very gently used, this home has been well cared for by the present owners. It was briefly used as a vacation rental and did quite well. There is just enough land to be used as a mini farm if that is your heart's desire. A wrap around deck, partially covered, makes for the perfect location to rock your cares away. This is such a peaceful, quiet setting that you won't want to leave. The sellers commented that they have loved sitting by the fire on a cool evening, listening to the crackling wood! Living here has been a dream but circumstances are taking them away. They would be delighted if someone else could love this home as much as they have! Investors, if you are looking for a great vacation rental, this could be the one. Plenty of parking, recreation areas, and proximity back to Asheville, make it a great holiday getaway.

27 Winn Drive, Leicester

$3,500,000

8 Beds ⋅ 11 Baths ⋅ 4415427 MLS

Welcome to Wildberry Lodge, an extraordinary mountain estate and established Bed & Breakfast opportunity in Leicester, NC, where breathtaking long-range mountain views, privacy, and unforgettable experiences come together in the heart of Western North Carolina. Surrounded by natural beauty yet convenient to Asheville, this one-of-a-kind property offers the rare combination of a luxury mountain retreat, equestrian potential, guest accommodations, and income-producing possibilities. The impressive main lodge is designed for gathering, relaxing, and hosting, with multiple private en-suite bedrooms, expansive living and entertaining spaces, stone wood-burning fireplaces, a game room with bar, library, wine cellar, and inviting spaces throughout. The spacious BlackBerry primary suite feels like its own private retreat with a stone fireplace, kitchenette, luxurious bath, walk-in closet, and private porch overlooking the mountain setting. A separate two-level guest house dramatically expands the possibilities. With kitchens, living spaces, fireplaces, private accommodations, and its own HVAC zoning, it is ideal for extended family, guests, vacation rental use, or additional Bed & Breakfast accommodations. Step outside and the property becomes an experience of its own. Soak in the hot tub beneath the mountain sky, gather around the outdoor living areas, explore private walking trails, or escape to the property’s charming tipi tucked into the natural surroundings. The expansive mountain views are truly spectacular, creating a backdrop that changes with every season. For equestrian buyers, the property offers a high-quality Morton horse barn, ample space for horses, and the opportunity to create an exceptional private mountain equestrian retreat. Additional storage and utility buildings provide even more flexibility. Whether you envision continuing Wildberry Lodge as a Western North Carolina Bed & Breakfast, creating a luxury vacation retreat, establishing an equestrian estate, hosting family and friends, or simply enjoying an extraordinary private mountain sanctuary, the possibilities here are remarkable. Wildberry Lodge isn’t simply a property—it’s a destination. A place to wake up to mountain views, gather around a roaring stone fireplace, ride horses through the mountain air, soak beneath the stars, welcome guests from around the world, and experience the lifestyle that makes the North Carolina mountains so special. Also listed as Commercial MLS #4417571.

135 Potato Branch Road, Leicester

$4,300,000

4 Beds ⋅ 6 Baths ⋅ 4394362 MLS

Commanding an extraordinary mountaintop setting just off the Blue Ridge Parkway, this exceptional custom estate is a rare expression of refined mountain living. Set on approximately six private acres, the property captures breathtaking panoramic views that stretch for miles, creating an unforgettable backdrop in every season. Thoughtfully designed outdoor living spaces, including multiple seating areas and fire pits, invite quiet mornings, unforgettable sunsets and effortless entertaining surrounded by the beauty of the mountains. Natural light pours through expansive windows, beginning in the welcoming entry foyer that doubles as a sun-filled sitting room. Beyond, soaring vaulted ceilings define the dramatic great room, where an open balcony above and walls of glass create an impressive sense of space while keeping the extraordinary views at the forefront. Designed for both everyday living and exceptional entertaining, the chef's kitchen is appointed with premium Wolf appliances, a commercial-grade salamander, a steam oven and an impeccably equipped butler's pantry. Just beyond, an intimate viewing room offers one of the home's most captivating spaces, where every window frames the surrounding mountain landscape. The main-level primary suite provides a peaceful retreat with custom barn-door closets and tranquil views. Upstairs, two spacious guest suites, two full baths and a versatile bonus room offer exceptional accommodations, while a richly appointed office provides an inspiring workspace. The lower level features a generous recreation room and half bath. The estate also includes an attached two-car garage, as well as a separate three-car garage connected by a covered walkway. Above, a beautifully finished private apartment with its own bedroom, bath, living room and kitchen offers ideal accommodations for guests, extended family or a caretaker. A home of remarkable craftsmanship and enduring elegance, this is a place where architecture and landscape exist in perfect harmony, offering extraordinary privacy, exceptional amenities and one of the area's most spectacular mountain settings ready for you to call it home. BEST ACCESS IS VIA BLUE RIDGE PARKWAY

145 Kalmia Drive, Asheville

$500,000

2 Beds ⋅ 2 Baths ⋅ 4392893 MLS

Private Mountain Retreat Bordering the Blue Ridge Parkway! Tucked away at the end of a quiet cul-de-sac in the highly desirable Haw Creek area of Asheville, this charming 2-bedroom, 2-bath log cabin offers the perfect blend of mountain privacy and city convenience. Built in 1978 and situated on approximately 2.15 secluded acres bordering the Blue Ridge Parkway, this property provides a peaceful natural setting that's increasingly hard to find. Surrounded by mature trees and the beauty of Western North Carolina, the home captures the warmth and character of classic log cabin living while being just minutes from downtown Asheville, shopping, dining, and outdoor recreation. Whether you're looking for a full-time residence, mountain getaway, or investment opportunity, you'll appreciate the rare combination of seclusion, acreage, and exceptional location.Enjoy the sights and sounds of nature from your own private retreat while having easy access to everything Asheville has to offer. Opportunities like this—offering privacy, proximity to the Blue Ridge Parkway, and a coveted Haw Creek address—don't come along often.

3 Parkview Drive Extension, Asheville

$420,000

2 Beds ⋅ 4392051 MLS

Turn-Key Cash-Flow Opportunity Minutes from Asheville’s Major Hospitals. Positioned just minutes from both the VA Hospital and Mission Hospital, this rare dual-property package offers a high-demand cash-flow opportunity in historic Homeland Park—Asheville’s original 1930s tiny home community. Offered fully furnished and equipped for immediate income generation, these two renovated studio cottages boast a proven track record of solid rental income as turn-key 30-day rentals, making them ideal for traveling medical professionals and mid-term tenants. Each efficient living space features modern vinyl plank flooring, mini-split HVAC systems, in-unit washer/dryers, and private back decks surrounded by greenery, with 15 Cottage Drive offering the added bonus of off-street parking and a storage shed. Live in one and rent the other or rent both. Unbeatably located near Downtown Asheville, Black Mountain, and the Blue Ridge Parkway, 15 Cottage Drive is offered exclusively only as a package deal paired with 16 Cottage Drive (MLS# 4280433). Income and expense reports available upon request.

15 and 16 Cottage Drive, Asheville

$475,000

3 Beds ⋅ 1 Baths ⋅ 4374697 MLS

OFFERED FULLY FURNISHED AND TURNKEY, this thoughtfully updated Asheville home presents an appealing opportunity for buyers seeking an investment property, second home, or primary residence without the added work of furnishing and outfitting the space. With over $100K in improvements, the home combines distinctive design, functionality, and the convenience of being ready to enjoy from day one. Inside, the fully renovated kitchen features new appliances, leathered granite countertops, custom green cabinetry, floating shelves, and warm, thoughtfully selected finishes. The living area offers beautifully refinished original floors, updated lighting, and a new gas fireplace insert with remote. The bathroom has also been completely redone with custom tilework, glass shower doors, and a clean, polished look. Additional improvements include enhanced storage, new lighting, and mini-split systems for efficient heating and cooling. Outside, you'll discover an expanded parking area, while the refreshed deck with new railings and café lighting creates an inviting outdoor gathering space. A hot tub with updated components adds another desirable amenity. With furnishings and décor included, more than $100K in improvements, and a convenient Asheville location, this property offers a rare opportunity to purchase a stylish, move-in-ready home with multiple possibilities for use. A one-year buyer’s warranty is included for added peace of mind. Schedule your private showing today. NO DRIVE-BYS!

155 Spivey Mountain Road, Asheville

$489,000

2 Beds ⋅ 2 Baths ⋅ 4359937 MLS

A lovely and rare find, this log cabin is an established short-term rental with two units (one bedroom, one bath each) and two kitchens. Enjoy the outdoors and peaceful country living, the stress floating away as you enjoy the beautiful view approach to this property. True Log cabin with vaulted ceilings. Low maintenance; has a newer metal roof. Great income producer—or simply enjoy it as your primary residence. The acre-plus corner lot has potential to subdivide (buyer to confirm). Two fenced yards are great for pets and play! Relax on the double wraparound decks and a fire pit area. Turnkey and move-in ready—or start booking Airbnb stays immediately. Located only 25 minutes to downtown Asheville and 15 minutes to West Asheville. Seller is offering a $5000 cash credit at closing.

8 Blue Sky Drive, Leicester

$600,000

3 Beds ⋅ 2 Baths ⋅ 4254275 MLS

Dreaming of a "Cabin in the Woods" vibe with the convenience of city living just minutes away? Welcome to 19 Frontier Court! This charming property offers 3 bedrooms, 2 bathrooms, and 3 indoor communal living spaces! The lower level is a fully-equipped 2nd living quarters with its own kitchen, living room and laundry—perfect for guests or additional space. Enjoy seamless indoor-outdoor living with expansive decks and patios, ideal for soaking in the beauty of Western NC. Nestled on 0.69 acres in a peaceful, non-HOA community, this home is a true retreat. Currently functioning as a short-term rental, this property offers a fantastic opportunity for investors or those seeking a flexible living arrangement—live in one portion while renting out the other, or make it your primary residence.. For more details, refer to the attached material fact sheet. Schedule your Private Showing today!

19 Frontier Court, Asheville

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”

Exploring Vacation Rental Investment Opportunities?

How much is your home worth?

How much is your home worth?