99999 Merrills Cove Road #1 & 3, Asheville, NC
$1,549,000 · 3 bedrooms · 1 baths · 53.14 acres · built 1971
Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown (Bob Gardner). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
The value of this South Asheville holding lies in the rare assembly of fifty-three acres, a scale of undeveloped land that has become increasingly difficult to secure within ten minutes of the Hendersonville Road corridor. Established in 1971, the property currently features a three-bedroom, one-bathroom brick residence that serves as a functional foundation for a comprehensive renovation or a temporary outpost while a primary estate is realized. The topography is defined by the intersection of mature hardwoods and rolling pasture, bisected by the natural course of Merrill’s Cove Creek. In a submarket where large parcels are frequently fragmented for high-density development, the preservation of this acreage offers a unique opportunity for a singular family compound or a secluded private retreat. The land provides a significant buffer from the city’s expansion while maintaining immediate access to regional amenities. Inquiries regarding the property’s development potential or requests for a private viewing may be directed to Peters & Associates.
About the home
RARE BUILDER/INVESTOR OPPORTUNITY! 53+/- breathtaking acres of rolling pasture and mature hardwoods in prime South Asheville. A developer's dream or ultimate private estate, featuring pristine Merrill’s Cove Creek winding through the property. Existing brick ranch sold AS-IS/WHERE-IS, perfect for a custom renovation or temporary residence while you build. Enjoy unmatched mountain tranquility and total privacy, located just 7 minutes from Hendersonville Road's premier shopping, dining, and amenities. Unlimited potential for a luxury homestead, family compound, or private retreat. Opportunities of this scale and location rarely hit the market. Schedule your private tour today!
Price in context
- 115th highest asking price of 181 active $1.5M+ homes in Asheville.
- Reduced $601,000 (28.0%) from the original $2,150,000 asking price.
- 1,387 days on the market, listed 2022-10-28.
- County tax assessment $964,200; the asking price is 1.61× the assessed value.
Location
Neighborhood: None, Buncombe County, ZIP 28803.
Assigned schools
- Elementary: Glen Arden/Koontz
- Middle: Cane Creek
- High: T.C. Roberson
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Ranch
- Levels
- One
- Construction
- Brick Full
- Roof
- Composition
- Bathrooms
- 1 full
- Basement
- Interior Entry
- Fireplace
- Yes
- Flooring
- Wood
- Heating
- None
- Garage
- 1 spaces
- Parking
- Driveway
- View
- Long Range, Mountain(s), Year Round
- Lot
- Cleared, Crops, Hilly, Level, Creek/Stream
- County
- Buncombe
Comparable homes on the market
- 99999 Merrills Cove Road #1 & 3, Asheville — $1,549,000, 0.0 mi away
- 17 Fig Tree Lane, Asheville — $1,690,000, 3 bd, 2,930 sq ft, 0.1 mi away
- 211 South Plains Drive, Asheville — $1,290,000, 4 bd, 4,260 sq ft, 0.5 mi away
- 212 S Plains Drive, Asheville — $1,495,000, 4 bd, 4,708 sq ft, 0.5 mi away
- 6 Sterling Run Drive, Fletcher — $1,275,000, 4 bd, 5,021 sq ft, 0.9 mi away
- 77 Mcintyre Drive, Asheville — $1,850,000, 4 bd, 3,582 sq ft, 1.1 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.