120 Biltmore Avenue #201, Asheville, NC

The emergence of MK on Biltmore represents a deliberate shift toward high-utility luxury within Asheville’s South Slope district. Scheduled for completion in 2027, this concrete and steel development introduces a rare alignment of new-construction refinement and short-term rental viability. Residence 201 spans 1,402 square feet of interior space, configured with two bedrooms and two bathrooms, complemented by a private balcony overlooking the southern horizon. The architectural intent is defined by floor-to-ceiling glass and ten-foot ceilings, while the interior program allows for early-stage customization through curated quartz finishes and GE Café appointments. For the discerning investor, the South Slope submarket remains a critical focal point due to its strict zoning regulations; secured inventory with full rental entitlement is increasingly scarce in this pedestrian-centric corridor. Beyond the residential quarters, the building integrates an on-site restaurant and retail, grounding the property within the city's culinary and arts center. Private consultations regarding finish selections and deeded parking options are available by appointment through Peters & Associates.

About the home

A rare find in downtown Asheville: Residence 201 at MK on Biltmore is a 3-bedroom, 2-bath short-term rental, a configuration that's hard to come by in this luxury new-construction market. This second-floor residence offers 1,402 square feet of interior living space plus a private 106-square-foot balcony, with long-range southern views from floor-to-ceiling windows, delivering genuine income-producing potential in the heart of South Slope. MK on Biltmore is a six-story, 44-residence building of steel and concrete construction, thoughtfully designed with an on-site restaurant and ground-floor retail. Kitchens feature quartz countertops and standard GE Café appliances, with Bosch available as an upgrade. Homes also offer 9-10' ceilings, smart home options, floating vanities, custom closets, and fire pit options, plus a complimentary consultation with the project's interior designer to personalize your finishes. Buy early and secure the extras: EV charging stations, additional deeded parking, and extra storage are all available as upgrades while supplies last. Steps from The Orange Peel, Wicked Weed Brewing, the Asheville Art Museum, Chestnut, and James Beard Award-winning restaurants, with McCormick Field, Aston Park, and the Blue Ridge Parkway just minutes away. Construction begins summer 2026, with move-ins beginning 2028. Contact listing team for a copy of building plans and interior finish options.

Price in context

• Asking $1,070 per square foot.
• That is 104% above the $525 median across 183 active $1.5M+ homes in Asheville.
• 120th highest asking price of 183 active $1.5M+ homes in Asheville.
• 157th largest by living area of the 164 with a recorded size.
• No price changes since it was listed.
• 80 days on the market, listed 2026-07-24.
• County tax assessment $9,999,999; the asking price is 0.15× the assessed value.

Location

Neighborhood: Mk On Biltmore, Buncombe County, ZIP 28801.

Assigned schools

• Elementary: Asheville City
• Middle: Asheville
• High: Asheville

School assignments come from the listing and can change; confirm with the district.

Features

Style

Contemporary

Levels

5 Story or more

Construction

Fiber Cement, Other - See Remarks

Roof

Rubber

Builder

BEVERLY GRANT

New construction

Yes

Bathrooms

2 full

Interior

Breakfast Bar, Cable Prewire, Entrance Foyer, Kitchen Island, Open Floorplan, Split Bedroom

Kitchen & appliances

Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer, Washer/Dryer

Heating

Ductless

Cooling

Ductless

Garage

1 spaces

Parking

Assigned, Electric Gate, Electric Vehicle Charging Station(s), Attached Garage, Garage Door Opener

Exterior

Elevator, Other - See Remarks

View

Long Range, Year Round

Lot

Corner Lot, Views

Community

Sidewalks, Street Lights, Other

County

Buncombe

Comparable homes on the market

• 120 Biltmore Avenue #306, Asheville — $1,250,000, 2 bd, 1,171 sq ft, also in Mk On Biltmore
• 120 Biltmore Avenue #404, Asheville — $1,350,000, 2 bd, 1,140 sq ft, also in Mk On Biltmore
• 120 Biltmore Avenue #502, Asheville — $2,600,000, 3 bd, 1,682 sq ft, also in Mk On Biltmore
• 161 Church Street #703, Asheville — $3,425,000, 3 bd, 2,714 sq ft, 0.1 mi away
• 161 Church Street #302, Asheville — $1,556,426, 2 bd, 1,388 sq ft, 0.1 mi away
• 55 S Market Street #404, Asheville — $1,049,000, 2 bd, 1,614 sq ft, 0.2 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.