Asheville, NC Homes for Sale between $3,000,000 to $5,000,000

Asheville, NC Homes for Sale between $3,000,000 to $5,000,000

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Asheville, NC Homes for Sale Between $3,000,000 to $5,000,000

175 Lyman Street, Asheville
$5,000,000
4440374 MLS ⋅ ACTIVE Status
DEVELOPMENT OPPORTUNITY IN THE RIVER ARTS DISTRICT OF ASHEVILLE. This site was approved in December of 2022 by the Asheville City Council for 263 Unit with 4,500/sf of Retail with Structured Parking under the building in order to get it up out of the flood plant area. River Arts District is growing! 2.8/ac tract zoned River District Com-Exp. Level tract near to the roundabout. Public water and sewer at the street. Great location. Ready to develop. Many possible uses.

175 Lyman Street, Asheville

Listing courtesy of Pulliam Properties, Inc. jwilson@pulliamproperties.com
956 Patton Avenue, Asheville
$3,300,000
4437326 MLS ⋅ ACTIVE Status
4.25/ac parcel zoned Highway Business in the City of Asheville. Public water and sewer is available. Great redevelopment property just off Patton Avenue. Located directly behind Bojangles and Krispy Kreme. Entrance to the property is on Patton Avenue with road front signage. Many possible uses include medical office, retail, multi-family location or office.

956 Patton Avenue, Asheville

Listing courtesy of Pulliam Properties, Inc. jwilson@pulliamproperties.com
5 Walnut Street, Asheville
$3,600,000
4437141 MLS ⋅ ACTIVE Status
5 Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location. Prime Downtown Asheville location on West Walnut Street, surrounded by established restaurants, retail, and entertainment. Highly walkable with convenient access to the heart of downtown. Highlights: Turnkey, income-producing mixed-use investment, four premium residential units with established short-term rental potential, an iconic commercial space with strong identity and long-standing recognition in the Asheville market. opportunity to realize additional value through a mixed-use condominium structure or separate future disposition of the residential and commercial components, the rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies.

5 Walnut Street, Asheville

Listing courtesy of Dewey Property Advisors. lurie.jay@gmail.com
637 Altamont View, Asheville
$4,495,000
6 Beds ⋅ 7 Baths ⋅ 4435537 MLS ⋅ ACTIVE Status
Extraordinary views of Asheville and the Blue Ridge Mountains. Long, level gated driveway leading to a large motor court. Expansive outdoor entertaining spaces. Stunning " state of the art" Gated Estate located on Reynolds Mountain in N. Asheville with 4+ acres of privacy. Newly renovated SMART HOME with sophisticated alarm/camera system that controls water, climate, doors/locks and music. Remotely controlled. The home has undergone an interior renovation including new roof, generator and beautiful landscaping. The kitchen has new high-end appliances and 6.5 baths. Two wet bars for entertaining now reflect a new era of sophistication. 6 fireplaces including a large outdoor backyard firepit overlooking downtown Asheville and the mountains. Experience the security of your private mountain estate while being 10 minutes from downtown Asheville. Available furnished.

637 Altamont View, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-North. cheryl.cannizzaro@allentate.com
28 Peach Knob Drive, Asheville
$4,895,000
3 Beds ⋅ 6 Baths ⋅ 4427118 MLS ⋅ ACTIVE Status
Perched at more than 3,500 feet in elevation, 28 Peach Knob Drive offers a rare combination of acreage, privacy and one of the most extraordinary western views in all of Asheville. Set on more than 10 acres, the property captures sweeping, layered mountain vistas stretching across the horizon, with views overlooking Beaver Lake and all of North Asheville below. After extensive renovations by Osada Construction in 2022, the residence has been thoughtfully reimagined while preserving the character of its contemporary mountain architecture: clean lines, open volumes and a design built around the view. Nearly every principal room faces west. In the great room and dining room, expansive windows open the rooms to the landscape. The den, primary bedroom and primary bath share the same outlook, so the view stays with you from morning coffee to last light. Soaring ceilings and generous living spaces take full advantage of the home's remarkable setting. Generous decking spans the back of the home and carries the living space outdoors. It suits quiet mornings above the valley, evening gatherings and long summer dinners at sunset. Because the land falls away below the house, the slope itself protects the vista. It is expansive today and positioned to stay that way. The property itself is equally compelling. Unlike many high-elevation mountain homes, portions of the 10+ acres offer gentle, usable topography with established trails, gardening areas and beautifully landscaped grounds. A waterfall feature and pond create a peaceful focal point, while multiple outdoor living areas provide exceptional spaces to enjoy the changing seasons and dramatic sunsets. The acreage spans three parcels, which gives real flexibility for the future. There is room to consider a guest house, a pool or other amenities. Additional amenities include a three-car garage, workshop, gym, sauna and wine cellar, along with abundant space for recreation and entertaining. Town Mountain Road provides easy year-round access. Downtown Asheville is a mere 10 minutes away, the Blue Ridge Parkway is just 5 minutes, and Asheville Regional Airport is a quick 30 minutes south. It is uncommon to find this elevation, this acreage and this view this close to the city. Private and serene yet remarkably close to the heart of Asheville, 28 Peach Knob Drive presents a distinctive opportunity to own a substantial mountain retreat where elevation, acreage and some of Asheville's most captivating western views come together in one exceptional property.

28 Peach Knob Drive, Asheville

Listing courtesy of Premier Sotheby’s International Realty. 828-989-4487
23 Cedar Hill Drive, Asheville
$3,995,000
5 Beds ⋅ 9 Baths ⋅ 4426816 MLS ⋅ ACTIVE Status
Graceful, grand and beautifully composed, this distinguished French Provincial residence in Biltmore Forest offers timeless architecture, exceptional scale and an effortless sense of elegance. From its romantic rooflines and graceful ironwork to its light-filled interiors and private pool setting, every detail creates a home of enduring beauty. A spectacular entry makes an unforgettable first impression with soaring ceilings, a crystal chandelier and striking black-and-white marble floors. Beyond, tall ceilings, rich hardwoods and beautifully scaled living and dining areas flow naturally for both intimate gatherings and elegant entertaining. The dramatic Great Room is a showpiece, featuring exposed timber trusses, a fireplace and a magnificent wall of windows and French doors overlooking the grounds. A richly appointed wood-paneled study with fireplace and built-ins offers a warm, sophisticated retreat. The gourmet kitchen is equally impressive, with timeless cabinetry, expansive countertops, a generous center island and abundant storage. An adjoining den enjoys views of the pool, while the thoughtfully designed drop zone and laundry room bring exceptional ease and organization to daily life. The spacious primary suite is a serene private sanctuary with a sitting area and large, luxurious bath. Upstairs, four additional bedrooms and baths, along with a family room and bonus room, provide wonderful flexibility for family and guests. Outside, a gorgeous pool creates a private resort atmosphere, complemented by an entertaining pavilion with a half bath. Set amid the beauty and prestige of Biltmore Forest, this exceptional residence brings together gracious architecture, sophisticated entertaining and comfortable everyday living in truly memorable fashion.

23 Cedar Hill Drive, Asheville

Listing courtesy of Premier Sotheby’s International Realty. 828-279-3980
4 Cedar Hill Drive, Asheville
$3,495,000
4 Beds ⋅ 6 Baths ⋅ 4427416 MLS ⋅ ACTIVE Status
Set on 1.59 acres in Biltmore Forest, 4 Cedar Hill Drive is a fully remodeled transitional residence offering four bedrooms, four full baths, and two half baths across 6,988 square feet. Originally built in 1989 and thoughtfully reimagined in 2024, the home pairs timeless architecture with the finishes and systems expected of a modern luxury residence, all within one of Asheville's established and sought-after communities. A wraparound front porch and porte cochere set a gracious tone upon arrival. Inside, the chef's kitchen anchors the main level with custom cabinetry, a Wolf gas range, Wolf double ovens and a Thermador refrigerator. The adjoining den features a custom wet bar with sink and beverage refrigerator, creating a natural setting for everyday living and entertaining. Three fireplaces and built-in speakers carry warmth and comfort throughout the home. The main-level primary suite is a retreat, with a large sitting area and fireplace, two spacious walk-in closets, and a spa-inspired bath with double vanities, a soaking tub, heated floors and an oversized walk-in tiled shower. The upper level offers three guest bedrooms, each with its en-suite bath, along with a private office. The lower level provides an open family room with a half bath, well suited for recreation, media, or guests. Outdoors, the gently sloping homesite blends mature trees with beautifully maintained landscaping and an irrigation system. The back terrace, with its built-in fireplace, extends the living space into every season in the Blue Ridge Mountains. A two-car garage completes the property. Life in Biltmore Forest moves at a quieter pace. Bordering the historic Biltmore Estate, the town is known for its winding, tree-lined streets, dedicated town services, and a sense of community that has endured for generations. Yet everything Asheville offers is close at hand. Relaxed mornings can start on the Blue Ridge Parkway, just five minutes away, with a visit, a bike ride, or a scenic drive along the mountains. Biltmore Village, about 10 minutes away, offers boutique shopping and a relaxed lunch. Downtown Asheville, just 15 minutes from home, brings acclaimed restaurants, galleries, breweries and live music. And with Asheville Regional Airport about 20 minutes away, travel is simple. Recent improvements include a new roof and gutters (2025), a tankless water heater and new plumbing fixtures (2024), and HVAC installed in 2020 with the guest suite unit replaced in 2024, along with a two-car garage and irrigation system, so the next owners can simply move in and begin enjoying the home. 4 Cedar Hill Drive offers a rare combination in Western North Carolina: a completely remodeled home on over an acre and a half in Biltmore Forest, where the mountains, city and the airport are all minutes from your front porch.

4 Cedar Hill Drive, Asheville

Listing courtesy of Premier Sotheby’s International Realty. 828-989-4487
6 Frith Drive, Asheville
$4,500,000
4 Beds ⋅ 5 Baths ⋅ 4421366 MLS ⋅ ACTIVE Status
Set within the storied enclave of Biltmore Forest, this exceptional residence evokes the timeless romance of a European country estate. Steep rooflines, climbing ivy and graceful architectural details create a striking sense of arrival, while mature woods envelop the property in extraordinary privacy. A grand foyer and elegant staircase introduce beautifully proportioned interiors designed for gracious living and entertaining. The light-filled formal living room is complemented by a handsome library with built-in shelving and direct access to the gardens, along with an elegant formal dining room. The well-appointed kitchen offers abundant cabinetry and flows into inviting everyday spaces, including a fireside den and charming breakfast area. Just beyond, a gracious 739 sqft covered porch overlooks and opens directly to the gardens. Generous in scale and extraordinary in atmosphere, it serves as a natural extension of the interiors, a place for morning coffee, long lunches, evening gatherings and quiet moments surrounded by the beauty of the landscape. In many ways, this remarkable outdoor room is the true heart of the home, creating an effortless connection between house and garden. Upstairs, the spacious primary suite offers a serene retreat, accompanied by three additional bedrooms and two additional baths. A three-car garage completes the residence. The magic of the property continues throughout its extraordinary grounds. Officially recognized in 2003 with inclusion in the Smithsonian Institution’s Archives of American Gardens, the gardens are nothing short of remarkable. Boxwood parterres, sculptural topiaries, rhododendrons, peonies and a romantic wisteria arbor create a series of enchanting garden rooms, all beautifully connected to the house and its covered porch. Beyond, a private trail winds through the surrounding woods. Rare in beauty, provenance and atmosphere, this distinguished estate offers an extraordinary harmony of architecture, garden and landscape in one of Biltmore Forest’s most captivating settings.

6 Frith Drive, Asheville

Listing courtesy of Premier Sotheby’s International Realty. 828-279-3980
124 College Street, Asheville
$4,500,000
4413822 MLS ⋅ ACTIVE Status
Exceptional chance to own a standout property in one of North Carolinas' most sought-after Downtowns. Built in 1913 and rich with Asheville’s architectural history, 124 College Street is a distinguished four-story brick house style building totaling ±24,000 square feet on a 50-foot-wide by 120-foot-deep downtown lot. Formally Old Blanton School, the building’s infrastructure has been thoughtfully updated while preserving its historic charm. All four floors—each approximately 6,000 SF—are fully heated, cooled, and serviced by a complete sprinkler system, ensuring operational efficiency and compliance. A centrally located elevator provides access to all floors, supporting accessibility and multi-tenant use. The main and lower level, formerly Room 9 Nightclub, is now vacant and offers a blank canvas for any vision.The second floor is currently leased to Sola Salon, providing stable, established income within the property. The top (third) floor is also vacant and brimming with possibilities from creative office/retail to residential space. The basement has been newly renovated, featuring freshly stained concrete floors, creating a clean, modern, and versatile space ideal for retail, studio, entertainment, or creative uses. With large window lines, generous ceiling heights, and durable brick construction, the building offers adaptable floor plans well-suited for office, retail, hospitality, wellness, or redevelopment visions. Its historic build quality and modern mechanical systems create a rare blend of charm and functionality. Don't miss this opportunity in an unmatched location on the edge of Pack Square in the heart of Downtown Asheville.

124 College Street, Asheville

Listing courtesy of Dewey Property Advisors. lurie.jay@gmail.com
374 Old County Home Road, Asheville
$4,360,000
4411647 MLS ⋅ ACTIVE Status
Exceptional opportunity to acquire approximately 15 acres of commercial property located just off Leicester Highway in the Asheville area. This sizable tract offers excellent potential for a variety of commercial, investment, or development uses, with convenient access to one of western Buncombe County’s primary transportation corridors. With approximately 15 acres, the property provides ample room for future development and could be well suited for retail, office, service businesses, storage, light commercial operations, or a mixed commercial project, subject to applicable zoning and governmental approvals. The location offers convenient access to Asheville, surrounding residential communities, and major regional roadways. Large commercial tracts in the Asheville area are increasingly difficult to find, making this an excellent opportunity for developers, investors, or businesses looking for room to establish or expand their operations. Bring your vision and explore the possibilities this 15-acre commercial property has to offer just off Leicester Highway. Buyer and buyer’s agent to verify zoning, permitted uses, utilities, access, acreage, and development requirements.

374 Old County Home Road, Asheville

Listing courtesy of NextHome Partners. kevin@nexthome828.com
60 Haywood Street Unit #4A, Asheville
$3,995,000
3 Beds ⋅ 5 Baths ⋅ 4409229 MLS ⋅ ACTIVE Status
Perched above the heart of Downtown Asheville, this extraordinary fully furnished rooftop residence offers a rare combination of architectural character, bespoke design, and elevated indoor-outdoor living. Thoughtfully reimagined through a comprehensive custom renovation, the home honors the building’s original 1930s architecture while introducing a sophisticated collection of modern finishes, technology, and one-of-a-kind details. Designed for both effortless everyday living and memorable entertaining, the residence features a primary suite, guest suite, and custom bunk room, each with its own private ensuite bath. Restoration Hardware furnishings have been curated throughout the home, complemented by multiple original commissioned works from nationally recognized artist Kent Youngstrom, creating interiors that feel collected, intentional, and entirely unique. Exceptional craftsmanship is evident at every turn. Custom Corten steel fireplaces bring warmth and architectural interest to the living spaces, while a GE Monogram appliance package and custom cabinetry anchor the beautifully appointed kitchen. Remote-controlled window treatments and light-filtering sheers, extensive smart-home technology, and a Sonos whole-home audio system seamlessly integrate comfort and convenience throughout the residence. The experience continues outdoors, where the private rooftop setting becomes an extension of the home. A Hot Spring saltwater spa creates an intimate retreat above the city—an extraordinary setting to unwind, entertain, and experience Downtown Asheville from an entirely different perspective. Offered fully furnished and truly unlike anything else in the market, this architectural gem represents a rare opportunity to own a turnkey residence where historic character, art, technology, and custom design converge in one of Asheville’s most coveted locations. Please see the attached list for the complete collection of features, improvements, and architectural details. Buyer(s) must provide proof of funds or a pre-approval letter prior to scheduling a listing-agent-accompanied showing.

60 Haywood Street Unit #4A, Asheville

Listing courtesy of Keller Williams Professionals. billdevore@kw.com
275 Mcdowell Street, Asheville
$3,699,000
4407768 MLS ⋅ ACTIVE Status
Recently renovated medical space. Great location in Asheville's medical district on a main north to south thoroughfare.

275 Mcdowell Street, Asheville

Listing courtesy of Whitney Commercial Real Estate. awalker@whitneycre.com
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