Asheville, NC Homes for Sale between $5,000,000 to $10,000,000

Asheville, NC Homes for Sale between $5,000,000 to $10,000,000

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Asheville, NC Homes for Sale Between $5,000,000 to $10,000,000

$5,500,000
4359264 MLS ⋅ ACTIVE Status
42 Furman Avenue represents one of the most compelling short-term rental investment opportunities in downtown Asheville—a fully licensed, purpose-built 16-unit STR asset in a market where new permits are no longer issued. Spanning approximately 8,395 square feet across three stories plus a walkout basement, the building was completely renovated to the studs and redesigned specifically for short-term rental use, delivering modern interiors, efficient layouts, and strong visual appeal for today’s guest expectations. The unit mix includes twelve one-bedroom units and four studios, all configured to maximize occupancy and revenue potential. Located less than a mile from Asheville’s core attractions—including its nationally recognized dining scene, River Arts District, and cultural amenities—the property benefits from consistent year-round demand. With dedicated parking, an active and compliant STR license, and a structure that cannot be replicated under current regulations, this asset offers a rare combination of scale, location, and operational upside for an investor seeking to establish or expand a presence in one of the Southeast’s most resilient short-term rental markets.

42 Furman Avenue, Asheville

Listing courtesy of EXP Realty LLC. tyler@savvy.realty
$8,800,000
4372988 MLS ⋅ ACTIVE Status
This 100% leased shopping center represents a stabilized investment opportunity with durable in-place income and minimal near-term leasing risk. The rent roll is comprised of a complementary mix of national brands and high-performing franchise operators, led by a top-tier franchisee of Panera Bread - with 8 years of term left, and a corporate Sleep Number location, providing a strong credit foundation. Moe's Southwest Grill recently executed a new 10-year lease, extending weighted average lease term and enhancing income security, while Blaze Pizza—operated by a seasoned franchisee—features a modern buildout with indoor/outdoor seating that supports strong unit-level performance. The property’s shared access and parking agreement with Chick-fil-A, one of the highest-volume quick-service brands in the U.S., generates consistent traffic flow and reinforces tenant sales productivity.

15-40 Peaks Center Lane, Asheville

Listing courtesy of Whitney Commercial Real Estate. jburk@whitneycre.com
$5,995,000
6 Beds ⋅ 11 Baths ⋅ 4365453 MLS ⋅ ACTIVE Status
This exceptional estate, masterfully crafted by the renowned Morgan-Keefe Builders and visionary architect Alice Dodson, represents a rare intersection of architectural pedigree and an incomparable natural setting. Perched on 2.4 private, lushly landscaped acres, this residence offers a sense of seclusion and tranquility, all while being situated in one of the area's most prestigious and quiet neighborhoods. The crown jewel of this property is its breathtaking 180-degree panoramic vista. From nearly every vantage point, you are treated to a visual symphony that includes the vibrant skyline of Downtown Asheville, the historic Grove Park Inn, the shimmering waters of Beaver Lake, and the French Broad River. The gaze extends to the iconic silhouette of Mt. Pisgah and layer upon layer of the Blue Ridge Mountains. Whether it is the morning mist rising off the river or the twinkling city lights at night, the views here are a dynamic work of art. Designed for longevity and ease of use, the primary living areas are conveniently located on the main entry level. This includes a gourmet kitchen, elegant formal and informal living spaces, and a magnificent Owner’s Suite. The main level also features expansive porches that serve as outdoor living rooms. At nearly 3000 foot elevation, the cool mountain breezes keep the bugs and heat at bay. Home will be sold fully furnished. Some exceptions on personal items.

633 Altamont View, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. billbyrne@beverly-hanks.com
$6,995,000
5 Beds ⋅ 6 Baths ⋅ 4340539 MLS ⋅ ACTIVE UNDER CONTRACT Status
Set along the 13th fairway of the private Biltmore Forest Country Club, this quietly commanding mountain estate is a study in craftsmanship, privacy and enduring elegance. Reached by a long, gently rising drive through mature trees, the home reveals itself on a flat, sunlit 1.71-acre homesite, where sweeping golf course and mountain views unfold with effortless grace. Designed by PLATT Architecture and built between 2017 and 2019, the stone residence offers approximately 5,000 square feet of finished living space across two levels, with an additional 3,500-square-foot lower level plumbed and planned for future expansion. The architecture is timeless yet forward-looking, Energy Star certified, geothermal heated and cooled, and supported by a whole-house generator, delivering modern performance without compromising aesthetic integrity. Inside, light and volume define the experience. Ten-foot ceilings on the main level rise to vaulted 12-foot ceilings above, while wide-plank solid oak floors, substantial millwork, and Ashley Norton bronze hardware establish a refined, tactile warmth. The great room, with its soaring beamed ceiling, stone fireplace and bespoke cabinetry, opens through French doors to an expansive stone terrace, nearly 50 feet in length, designed for seamless indoor-outdoor living against a backdrop of mountains and fairways. The main-level primary suite is a private sanctuary, offering terrace access, panoramic views, heated marble floors and dual dressing rooms with custom quarter-sawn oak cabinetry. Additional bedroom suites, one more on the main level and three above, including a second primary suite, provide exceptional flexibility for guests or multi-generational living, each with beautifully appointed marble baths and abundant natural light. At the heart of the home, the gourmet kitchen pairs custom Mason Elliott cabinetry with Brazilian granite, professional-grade appliances and a gracious breakfast area overlooking the landscape. It opens to a skylit screened porch with stone fireplace and built-in grill, an all-season retreat equally suited to intimate mornings or elegant evenings. Every detail has been considered, from the home elevator and advanced water filtration to curated lighting, integrated audio and thoughtfully designed service spaces. This is a residence of quiet confidence, where luxury is measured not by excess but by intention.

402 Vanderbilt Road, Asheville

Listing courtesy of Premier Sotheby’s International Realty. 828-279-3980
$6,289,400
4308729 MLS ⋅ ACTIVE Status
Look Close! This 10.063 acres across seven parcels held under multiple entity ownerships offers the potential for acquisition and redevelopment for multifamily use– affordable, work force, market rate, LIHTC– you decide. Singularly, each ownership segment presents challenges relative to: FEMA’s 50% rule, slope, floodplain and floodway ordinances. Combined, with calculated thought, the door to opportunity is opened for multifamily redevelopment by shifting proposed buildout to the middle of all the conjoined land & taking advantage of the UP, RM8 & RIV zoning (or conditional use rezoning) blending all land tracts under a single use concept! Combined, some development hurdles are potentially mitigated. Resources, grants and low interest loans are potentially available to make this post disaster land opp the rising phoenix! Buyer to conduct all due diligence; by appointment only, buildings occupied– do NOT ride on property; agent must accompany!

Swannanoa River Road, Asheville

Listing courtesy of NAI Allen Tate Beverly-Hanks Commercial. markmorris@naibeverly-hanks.com
$8,500,000
4 Beds ⋅ 6 Baths ⋅ 4280892 MLS ⋅ ACTIVE Status
Commanding breathtaking 180-degree views of the Blue Ridge Mountains and the Asheville skyline, this extraordinary European-inspired estate presents a rare opportunity to experience refined mountain living just approximately fifteen minutes from downtown Asheville. Secluded and serene, yet remarkably convenient, the residence offers effortless access to Asheville’s celebrated culinary scene, galleries, boutiques, live music, arts, and cultural experiences. Exceptional craftsmanship and timeless European influences define the interiors. Two magnificent 35-foot Italian limestone fireplaces anchor the grand living spaces beneath a dramatic 35-foot coffered ceiling, while custom ironwork, French doors, and exquisite flooring of quarter-sawn oak, marble, and Jerusalem gold limestone create an atmosphere of enduring elegance. Expansive terraces frame sweeping mountain and city views, providing an extraordinary backdrop for intimate gatherings, grand entertaining, or quiet evenings beneath the Carolina sky. The main level is designed for sophisticated entertaining, featuring an elegant billiards room complemented by a fully appointed custom bar, creating an inviting setting for cocktails, conversation, and relaxed gatherings. At the heart of the home, the chef’s kitchen balances beauty and function with a striking Verdi Fire granite island, Sub-Zero refrigeration, Dacor six-burner gas cooktop, double wall ovens with warming drawer, Bosch dishwasher, detailed tilework, and inviting banquette seating. The primary suite is a private sanctuary, with French doors opening to a balcony overlooking the surrounding landscape. Custom built-ins and beautifully appointed closets complement a luxurious bath featuring marble floors with intricate medallion accents, a two-person Jacuzzi tub, walk-in steam shower, and towel warmer. Designed for exceptional entertaining, the lower level evokes the ambiance of a private resort. Guest suites with private quarters, balcony and morning kitchen. An Old World-inspired, climate-controlled wine cellar accommodating more than 800 bottles is joined by a custom home theater featuring a 102-inch screen, acoustic fabric walls, and luxurious leather lounge seating. Perhaps the home’s most distinctive retreat is the private grotto, where a six-person poured-gunite hot tub with cascading waterfall, fireplace, and stone half bath creates an intimate spa-like escape. French doors open to the lower terrace, seamlessly extending the experience outdoors. Separate guest quarters feature a bedroom, living area, kitchenette, and full bath, offering privacy and comfort for family and guests. An elevator provides convenient access between levels, while two attached and two detached garage spaces provide generous parking. Furnishings are included, presenting the opportunity to enjoy this beautifully appointed estate as a turnkey residence. A 100-year ceramic tile roof complements the home’s enduring European architecture, while a commercial-grade generator, Starlink backup internet, and 1,500-gallon backup clean-water storage system provide an added level of preparedness and peace of mind.

234 Skycliff Drive, Asheville

Listing courtesy of Ivester Jackson Blackstream. Debra@ivesterjackson.com
$8,500,000
5 Beds ⋅ 8 Baths ⋅ 4245541 MLS ⋅ ACTIVE Status
Welcome to 8 Fairway Place, where timeless architecture, exceptional craftsmanship, and refined living come together in one of Asheville’s most coveted communities. Inspired by French château elegance with subtle Tudor influences, this Griffin Architects, PA home offers both architectural distinction and comfort, just steps from the 7th fairway of the Biltmore Forest Golf Country Club. The entry hall is graced with William Morris-inspired stained-glass windows and a painted strap work ceiling that highlight the home’s architectural character. An Edwardian sunroom/parlor, filled with natural light and set with terracotta flooring, creates an inviting space for relaxation. The formal dining room features stenciled Venetian plaster and a high ceiling adorned with a decorative plaster English rose motif. The butler’s pantry, with its backlit English Art Nouveau antique stained-glass doors, opens to an expansive terrace. At the heart of the home, the soaring great hall is anchored by a striking stone fireplace framed in handcrafted woodwork, a space that is both a dramatic showpiece and a warm gathering place. Just beyond, the screened-in porch extends the living area and offers panoramic views of the lush golf course. The grounds are equally as impressive as the interiors, with thoughtful landscaping that provides year-round color and texture. Stone retaining walls and winding pathways echo the architectural detail found throughout the home’s design. From sunlit interiors to serene outdoor spaces, every detail has been carefully considered, creating an elegant and effortless living experience. More than a home, it is a lifestyle defined by sophistication, community, and the natural beauty of Biltmore Forest.

8 Fairway Place, Asheville

Listing courtesy of Preferred Properties. jbmcneil@preferredprop.com
$5,200,000
4215560 MLS ⋅ ACTIVE Status
The historic Miles Building, constructed in 1903 and once home to the Asheville Men’s Club, offers a unique and storied past (though not on the National Register, facilitating easier redevelopment). Located at the signalized corner of Haywood and College Streets, this prime property boasts frontage on four major downtown streets, with a generous 260 feet of ground-floor street frontage. The building’s three stories feature sophisticated office spaces on the second and third floors, while the ground floor is home to lively retail establishments. The stunning Art Deco design and architectural details have been impeccably preserved. Situated within the CBD zoning district and designated as part of the "Small Hotel Overlay," this property presents tremendous income potential with below market rents, and exciting redevelopment opportunities. Asheville, a top international travel destination attracting 20 million visitors annually, draws affluent tourists seeking luxury experiences.

14 Haywood Street, Asheville

Listing courtesy of Whitney Commercial Real Estate. jburk@whitneycre.com
$5,500,000
4168333 MLS ⋅ ACTIVE Status
INVESTIMENT OPPORTUNITY. Fully leased building now for sale. CAP rate is 5.56%. Great location directly on Hendersonville Rd. Fully leased by Allergy Partners, PA. for an additional 5-years beginning in 2024.

1978 Hendersonville Road, Asheville

Listing courtesy of Pulliam Properties, Inc. tlatak@pulliamproperties.com
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