Unique Opportunity for large home and developable property in highly desirable 5 Points neighborhood, walkable to Downtown and greenways. Potential for medium density residential development, zoned RS8. This rare in-town parcel, offers multiple paths for value: subdivide for cottages, or a few higher-end homes, or an enclave (subdivision registered with city, BUYER to verify). Additional lot zoned NCD (same owners) may be sold separately or as a package. The existing home, lovingly restored by current owners, features high ceilings, heart pine floors, wood burning fireplace in kitchen with 5 additional tile-front fireplaces. Beautiful period details throughout. Wraparound front porch that opens to a courtyard and large 2012 addition of family room and 2 bedrooms, including large primary suite. Lush landscaping and gardens abound. Legal Homestay on main level grosses over $25,000 annually. Parcel below on Broadway (NCD zoning -same owner) and can be sold separately or as a package (call for info). Shop lot to left of driveway (Min. 1/4 acre) included with this listing but may be purchased without lot (see MLS 4299259). Currently working w/City to rezone lot to RS8. Seller to retain shop use for up to 1 year.
Listed by Howard Hanna Beverly-Hanks Asheville-Downtown
The MLS data provided for the property above (MLS#4299259) is provided courtesy of Zilbert.com. Source: CanopyMLS. Data updated 5/1/2026. Mark Zilbert is a member of the Zilbert Network and is licensed with Zilbert as a cooperating broker or cooperating agent and may not be the listing agent for this property. Information is deemed reliable but not guaranteed. The listing data on this page comes from the Canopy Realtor Association. All rights reserved. The information being provided is for consumer personal, non-commercial use. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.