1186 Old Us 70 Highway, Black Mountain, NC
$1,400,000 · 7 bedrooms · 9 baths · 4,703 sq ft · built 1830
Listing courtesy of Century 21 Connected (Chris Smith). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
Situated within the historic core of Black Mountain, this 1830 estate represents a significant preservation opportunity with the scale required for a sophisticated hospitality conversion. The residence spans 4,703 square feet, currently configured with seven bedrooms and nine bathrooms, though its utility is defined less by its current layout than by its two-acre grounds. Rare for this submarket, the property carries commercial zoning that permits a variety of high-density uses, ranging from boutique hotel expansions to dedicated event facilities. While Black Mountain has long been regarded as a quiet satellite to Asheville, the scarcity of large-acreage parcels within walking distance of the town’s artisanal center has created a distinct premium for legacy assets of this vintage. For the visionary investor, the site offers a rare combination of nineteenth-century architectural provenance and significant development latitude. Private consultations and viewings of the grounds may be arranged through Peters & Associates.
About the home
Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the "Front Porch of Western North Carolina," this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain—known for its artisanal shops and craft breweries—and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region’s most desirable locations. NO HISTORICAL RESTRICTIONS!
Price in context
- Asking $298 per square foot.
- That is 34% below the $453 median across 24 active $1.5M+ homes in Black Mountain.
- 9th highest asking price of 24 active $1.5M+ homes in Black Mountain.
- Largest by living area of the 23 with a recorded size.
- Reduced $250,000 (15.2%) from the original $1,650,000 asking price.
- 383 days on the market, listed 2025-06-11.
- County tax assessment $832,500; the asking price is 1.68× the assessed value.
Location
Neighborhood: None, Buncombe County, ZIP 28711.
Assigned schools
- Elementary: Black Mountain
- Middle: Charles D Owen
- High: Charles D Owen
School assignments come from the listing and can change; confirm with the district.
Features
- Levels
- Two and a Half
- Construction
- Asbestos, Vinyl, Wood
- Roof
- Fiberglass, Metal, Rubber
- Bathrooms
- 9 full
- Basement
- Interior Entry, Unfinished
- Flooring
- Tile, Wood
- Kitchen & appliances
- Dishwasher, Dryer, Electric Cooktop, Electric Oven, Refrigerator
- Heating
- Baseboard, Central, Wall Furnace, Wood Stove
- Cooling
- Central Air, Wall Unit(s), Window Unit(s)
- Parking
- Driveway, RV Access/Parking, Shared Driveway
- Lot
- Green Area, Level, Private, Wooded
- County
- Buncombe
Comparable homes on the market
- 228 Allen Mountain Drive, Black Mountain — $1,225,000, 3 bd, 2,715 sq ft, 1.0 mi away
- 52 Cheshire Drive, Black Mountain — $1,275,000, 4 bd, 2,469 sq ft, 1.4 mi away
- 25 Rantis Lane, Black Mountain — $3,200,000, 5 bd, 3,962 sq ft, 1.4 mi away
- 212 & 214 Portmanvilla Road, Black Mountain — $1,100,000, 8 bd, 4,422 sq ft, 1.4 mi away
- 51 Summit Road, Swannanoa — $1,895,000, 5 bd, 3,492 sq ft, 1.5 mi away
- 42 Stone Crest Mountain Drive, Black Mountain — $1,105,000, 5 bd, 4,034 sq ft, 1.5 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.