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Listing provided courtesy of Century 21 ConnectedMLS# 4258643MLS ProviderContact Information: [email protected]
  • 390 days on site
  • 0 views

Discover a rare, once-in-a-lifetime investment opportunity in the heart of Black Mountain, NC. This historic 100-year-old inn blends authentic architectural charm with immense commercial potential. Perfectly positioned in the Front Porch of Western North Carolina, this estate offers 11 spacious bedrooms and 9 bathrooms, making it an ideal candidate for a premier boutique hotel, bed and breakfast, or corporate retreat. The true value lies in the expansive 2-acre site, a rarity in this highly sought-after market. With prime commercial zoning, the property is a blank canvas for development, offering ample space for luxury glamping sites, private event facilities for weddings, or additional guest structures to maximize your investment. Its location near downtown Black Mountain—known for its artisanal shops and craft breweries—and proximity to vibrant Asheville ensures steady year-round interest. This property offers the perfect balance of timeless character and scale, providing a unique foundation for any visionary hospitality operator. Whether you aim to restore a historic landmark or develop a multi-faceted retreat, this iconic estate stands as a legacy asset in one of the region’s most desirable locations. NO HISTORICAL RESTRICTIONS!

Source: Canopy MLS, MLS#: 4258643

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  • Property Type
    Residential

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Ivester Jackson Christie's

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  • Median Age
    55
  • Population Density
    130
  • College Educated
    58%
  • Estimated Median Income
    $54,808
  • Estimated Total Home Owners
    3,827
  • Estimated Total Renters
    1,923
  • Owner / Renter Divide
    67% / 33%
  • Estimated Average Household Size
    2
  • Total Population
    13,018
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1186 Old US 70 Highway

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/21/2026Source: Canopy MLS Price Reduction
$1,400,000 -6.7%
6/21/2026Source: Canopy MLS Price Reduction
$1,400,000 -6.7%
3/9/2026Source: Canopy MLS Price Reduction
$1,500,000 -6.2%
3/9/2026Source: Canopy MLS Price Reduction
$1,500,000 -6.2%
1/23/2026Source: Canopy MLS Price Reduction
$1,599,999 -0.0%
1/23/2026Source: Canopy MLS Price Reduction
$1,599,999 -0.0%
8/21/2025Source: Canopy MLS Price Reduction
$1,600,000 -3.0%
8/21/2025Source: Canopy MLS Price Reduction
$1,600,000 -3.0%
6/11/2025Source: Canopy MLS Status Change
Active
6/11/2025Source: Canopy MLS Status Change
Active
6/4/2025Source: Canopy MLS Added to Database
June 04, 2025
6/4/2025Source: Canopy MLS Added to Database
June 04, 2025