000 Lytle Cove Road, Swannanoa, NC
$1,400,000
Listing courtesy of Godfrey Realty (David Godfrey). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Exceptional development or estate opportunity in Swannanoa. This offering includes 8.756 acres of gently lying, wooded land, plus an additional .079-acre road right-of-way, parcel B on survey, at the front providing over 100+ feet of road frontage for excellent access (ROW not owned by seller but benefits ingress/egress). Public utilities are nearby, with a 6-inch public water line available to the northern property line along Gibbs Street right-of-way, and there's a 6-inch public sewer line located a short distance from the property. With the extension of water and sewer, preliminary evaluations indicate the potential for approximately 25–30 lots. Current zoning would allow duplex construction of those lots, creating the possibility of 50–60 total units, subject to approvals. The property features multiple small streams, is not located in a designated flood zone, and offers highly buildable topography—a rare combination for a tract of this size. A site development opinion has been completed, and when considering topography, access, and utilities, the property presents strong development potential. Alternatively, the property would make a beautiful private estate, family compound, or long-term investment hold, offering privacy, natural beauty, and convenient proximity to Swannanoa, Black Mountain, and the greater Asheville area. A rare opportunity combining scale, infrastructure access, and zoning flexibility in a rapidly growing market. Zoning, density, and utility availability to be verified by the buyer with Buncombe County, the Town of Swannanoa, and applicable utility providers.
Price in context
- 4th highest asking price of 4 active $1.5M+ homes in Swannanoa.
- No price changes since it was listed.
- 1 days on the market, listed 2025-12-18.
- County tax assessment $171,400; the asking price is 8.17× the assessed value.
Location
Assigned schools
- Elementary: Wd Williams
- Middle: Charles D Owen
- High: Charles D Owen
School assignments come from the listing and can change; confirm with the district.
Features
- Waterfront
- None
- Lot
- Creek Front, Level, Private, Rolling Slope, Creek/Stream, Wooded, Views, Waterfall
- County
- Buncombe
Comparable homes on the market
- 51 Summit Road, Swannanoa — $1,895,000, 5 bd, 3,492 sq ft, 2.0 mi away
- 99999 Bee Tree Road, Swannanoa — $3,200,000, 2.7 mi away
- 42 Stone Crest Mountain Drive, Black Mountain — $1,105,000, 5 bd, 4,034 sq ft, 3.0 mi away
- 50 Stone Crest Mountain Drive, Black Mountain — $1,294,900, 6 bd, 3,571 sq ft, 3.0 mi away
- 1186 Old Us 70 Highway, Black Mountain — $1,400,000, 7 bd, 4,703 sq ft, 3.2 mi away
- 228 Allen Mountain Drive, Black Mountain — $1,225,000, 3 bd, 2,715 sq ft, 3.4 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.