192 Brevard Road #4, Asheville, NC

Occupying a rare three-parcel assembly just south of the Haywood Road corridor, this 1903 residence represents a significant opportunity for preservation or strategic development within West Asheville’s historically tight real estate market. The existing structure, a four-bedroom, two-bathroom home comprising 1,711 square feet, has remained within the same family since 1964, preserving a level of early twentieth-century character seldom found near the city’s urban core. While the residence invites a comprehensive restoration, the primary intrigue for the sophisticated investor lies in the 0.86-acre footprint. Current zoning suggests the potential for a six-lot subdivision or a boutique townhouse project, a distinct advantage given the acute scarcity of developable land in this specific neighborhood. As Asheville continues to experience sustained demand for high-density luxury residential projects, acquisitions of this scale and proximity to the Brevard Road intersection are increasingly uncommon. This property is available for private consideration and site inspection through Peters & Associates.

About the home

Just half a mile from the vibrant intersection of Brevard Road and Haywood Road—the heart of West Asheville—this rare offering presents a unique blend of history, character, and opportunity. Built in 1903, the home carries more than a century of stories and has remained in the same family since 1964. Now, for the first time in decades, it is ready for its next chapter. The house itself is in need of moderate repair but holds tremendous potential for the right buyer with a vision for restoration. With its historic charm and original character, it could once again become a stunning showcase of early-20th-century architecture. While the home offers an exciting restoration opportunity, the true value of this property lies in the land and its development possibilities. The offering includes three parcels totaling approximately 0.86 acres in a highly desirable West Asheville location. Under current zoning, the property could potentially be subdivided into at least six lots—possibly more depending on layout and design. Permitted uses also include townhouse development, making this a compelling opportunity for builders, investors, or developers looking to create something special in one of Asheville’s most sought-after neighborhoods. Whether you envision restoring the historic home, creating a thoughtfully designed small neighborhood, or exploring other permitted uses, this property offers flexibility, location, and potential that are increasingly rare to find in West Asheville.

Price in context

• Asking $935 per square foot.
• That is 82% above the $514 median across 181 active $1.5M+ homes in Asheville.
• 106th highest asking price of 181 active $1.5M+ homes in Asheville.
• 150th largest by living area of the 163 with a recorded size.
• Reduced $100,000 (5.9%) from the original $1,700,000 asking price.
• 48 days on the market, listed 2026-03-06.
• County tax assessment $475,800; the asking price is 3.36× the assessed value.

Location

Neighborhood: Wg Dean, Buncombe County, ZIP 28806.

Features

Levels

One

Construction

Brick Partial, Wood

Roof

Architectural Shingle

Bathrooms

2 full

Fireplace

Yes

Flooring

Vinyl, Wood

Kitchen & appliances

Electric Oven, Electric Range, Refrigerator

Heating

Heat Pump

Cooling

Heat Pump

Garage

2 spaces

Parking

Detached Carport, Detached Garage

Lot

Cleared, Green Area, Level, Open Lot

County

Buncombe

Comparable homes on the market

• 99999 State Street, Asheville — $2,400,000, 0.7 mi away
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• 215 N Bear Creek Road, Asheville — $2,500,000, 1.7 mi away
• 215 N Bear Creek Road, Asheville — $2,500,000, 1.8 mi away
• 6 Dailey Drive, Asheville — $1,590,000, 8 bd, 4,703 sq ft, 2.3 mi away
• 6 Dailey Drive, Asheville — $1,590,000, 8 bd, 5,763 sq ft, 2.3 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.