24 Ian River DriveAsheville, NC 28806
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.
| 3 months ago | Price changed to $495,000 | |
| 3 months ago | Listing updated with changes from the MLS® | |
| 5 months ago | Status changed to Active | |
| 6 months ago | Listing first seen on site |
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {last_incremented_at}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS. ©2026 Canopy MLS.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Last checked - 2026-05-07 04:45 PM UTC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.