324 Vanderbilt Road, Asheville, NC
$9,750,000 · 9 bedrooms · 7 baths · 8,688 sq ft · built 1923
Listing courtesy of Premier Sotheby’s International Realty (Alec Cantley). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Atop one of the most distinguished ridge lines in Biltmore Forest, 324 Vanderbilt Road is a landmark estate of remarkable provenance, scale and architectural significance. Known as New Gunston Hall, the residence was completed in 1923 as one of the first homes ever built in Biltmore Forest and remains among the community’s iconic properties. Inspired by the historic Gunston Hall in Virginia and designed by renowned architect Waddy Butler Wood, the Colonial Revival estate is listed on the National Register of Historic Places and represents a level of craftsmanship and permanence rarely seen today. Behind its gated entrance, more than 11 acres unfold with a level of privacy, scale and presence rarely found so close to Biltmore Village and downtown Asheville, creating an extraordinary sense of arrival while remaining moments from the city’s premier dining, shopping and cultural amenities. Constructed with enduring materials including Flemish bond brickwork and slate roofing, the home spans approximately 8,688 square feet and balances historic grandeur with refined livability. Extensive renovations completed between 2013 and 2016 thoughtfully preserved the architectural integrity of the residence while incorporating modern systems, updated infrastructure and elevated finishes throughout. Rich millwork, elegant formal spaces, a distinguished library and meticulously restored details reflect the craftsmanship of another era, while the scale and flow of the home create an environment equally suited for intimate daily living and large-scale entertaining. The grounds are among the estate’s defining features. Rolling lawns, mature trees, formal gardens and exceptional privacy create the feeling of a private country estate tucked within one of the Southeast’s sought-after communities. Properties of this caliber and historical significance rarely become available, particularly within Biltmore Forest. New Gunston Hall is more than a home, it is a legacy estate with an irreplaceable place in Asheville’s architectural history.
Price in context
- Asking $1,122 per square foot.
- That is 48% above the $757 median across 35 active $1.5M+ homes in Asheville.
- 3rd highest asking price of 35 active $1.5M+ homes in Asheville.
- 8th largest by living area of the 32 with a recorded size.
- No price changes since it was listed.
- 130 days on the market, listed 2026-05-28.
- County tax assessment $5,064,200; the asking price is 1.93× the assessed value.
Location
Neighborhood: Biltmore Forest, Buncombe County, ZIP 28803.
Assigned schools
- Elementary: Estes/Koontz
- Middle: Valley Springs
- High: T.C. Roberson
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Colonial, Georgian
- Levels
- Two
- Construction
- Brick Full
- Roof
- Slate
- Bathrooms
- 5 full, 2 half
- Basement
- Interior Entry, Unfinished
- Fireplace
- Yes
- Interior
- Attic Walk In, Built-in Features, Entrance Foyer, Kitchen Island, Storage, Walk-In Closet(s), Walk-In Pantry
- Flooring
- Carpet, Wood
- Kitchen & appliances
- Bar Fridge, Dishwasher, Double Oven, Exhaust Hood, Gas Cooktop, Gas Range, Microwave, Refrigerator, Warming Drawer, Washer/Dryer
- Heating
- Geothermal
- Cooling
- Central Air
- Garage
- 6 spaces
- Parking
- Circular Driveway, Attached Garage, Garage Faces Side
- Waterfront
- None
- View
- Mountain(s), Year Round
- Lot
- Cleared, Level, Open Lot, Private, Wooded, Views
- Community
- Street Lights
- County
- Buncombe
Comparable homes on the market
- 8 Fairway Place, Asheville — $8,500,000, 5 bd, 10,674 sq ft, also in Biltmore Forest
- 9999 Cedar Hill Drive #12, Asheville — $4,995,000, 4 bd, 5,316 sq ft, also in Biltmore Forest
- 407 Vanderbilt Road, Asheville — $3,680,000, 12 bd, 7,916 sq ft, also in Biltmore Forest
- 7 Stuyvesant Road, Biltmore Forest — $8,900,000, 10 bd, 11,722 sq ft, 0.8 mi away
- 17 Amherst Road, Biltmore Forest — $4,950,000, 5 bd, 5,650 sq ft, 1.0 mi away
- 436 Vanderbilt Road, Biltmore Forest — $8,700,000, 10 bd, 7,700 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 980-391-4595. Request a private showing.