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The rarest thing in Asheville’s short-term rental market: a fully licensed, completely renovated multi-unit STR building in the heart of downtown, ready for a great operator to make their mark. Asheville stopped issuing new short-term rental permits in the urban core. That means 42 Furman Avenue is not just a building — it is one of the only opportunities in the market to acquire a licensed, compliant, income-producing STR portfolio without the permitting risk that makes most comparable deals impossible to execute. You cannot build this asset from scratch. You can only buy it. The building itself was taken down to the studs and completely rebuilt from the inside out. Every system, every finish, every unit was purpose-built for short-term rental from day one — not retrofitted, not patched together from an old apartment conversion. The result is a 16-unit, 8,395 sq ft brick building spanning three stories plus a walkout basement, positioned less than a mile from the best of downtown Asheville’s dining, arts, and entertainment scene. The Unit Mix 12 one-bedroom / one-bath units and 4 studio units across the building. Clean, modern interiors with hardwood floors, black-frame windows, and thoughtfully designed layouts that photograph well and generate strong guest reviews. The Opportunity This building has never been operated at its full potential. With all 16 units now live and the Asheville tourism market fully recovered from Hurricane Helene, the timing is right for an operator who knows what they’re doing to come in, put their systems to work, and capture what the market is already offering. AirDNA and Rabbu market data consistently show comparable downtown Asheville units achieving $123 to $213 ADR with 70%+ occupancy. The infrastructure is here. The license is here. The demand is here. What this building needs is the right operator behind it. Why Asheville Asheville is one of the most consistently high-demand short-term rental markets in the Southeast. A top-tier destination for food, music, outdoor recreation, and year-round tourism, it draws visitors from across the country and commands premium nightly rates. The Blue Ridge Parkway, the Biltmore Estate, the River Arts District, and a nationally recognized culinary scene ensure that demand is not seasonal — it is structural. The Details · 16 licensed STR units (12 one-bed / 4 studio) · Fully renovated to the studs — purpose-built for STR · 3 stories plus walkout basement · ~8,395 sq ft brick construction · Active, compliant STR license — one of the very few in downtown Asheville · Dedicated parking · Offered at $5,499,000 For qualified buyers, a full investor package including unit-level financials, market comp analysis, and stabilized NOI projections is available upon request.
#4355188

Asheville

42 Furman Avenue

None Beds

None Baths

N/A

$5,500,000

MLS#: 4355188

Prepare to be captivated. Punctuated with thoughtful touches, this home embraces you like a best friend. Designed by The Architectural Practice and built by Glennwood Custom Builders, every space is designed and delivered with exceptional quality to intentionally capture your day’s most memorable moments. From your bedroom, awake to your private view of Pisgah National Forest. The naturally bright and cheery living room invites you to enjoy your morning coffee overlooking Walnut Cove’s 11th golf hole. Enjoy your meals while taking in panoramic views from the dining room. Become mesmerized by the sunset over the mountains on the open deck, or exchange stories over evening cocktails on the screened porch. The oversized spa, complete with a waterfall, invites you to unwind as fireflies dance over the valley. Even though your sanctuary feels a world away, you are a short stroll to Walnut Cove’s Club Village for top shelf dining, golf and merrymaking. Your newest memories start right here.
#4265201

Arden

30 Rain Lily Trail

4 Beds

6 Baths

6,039 Sq.Ft.

$5,495,000

MLS#: 4265201

Introducing "Sunset Serenity!" Your dream waterfront retreat on Lake Norman! This exquisite custom-built home by Kingswood Custom Homes, offers unparalleled luxury & privacy on a serene cul-de-sac lot spanning .96 acres. You'll be greeted by the warmth of wood floors throughout, complemented by the inviting ambiance of 4 fireplaces strategically placed for cozy evenings. Entertaining is a delight in the custom-designed kitchen featuring high-end appliances & meticulous attention to detail. The expansive living spaces seamlessly flow to the outdoors, where panoramic views of stunning sunsets over LKN await you. Outdoor enthusiasts will revel in the 400ft of water frontage, complete w/private dock, private beach, custom pool w/multiple waterfalls & covered patio equipped w/automatic screens, built in wet bar & Viking grill ensuring memorable moments w/family & friends; a backdrop of nature's beauty where paradise & luxury meet natural splendor, offering the ultimate waterfront lifestyle.
#4113853

Mooresville

193 Attleboro Place

4 Beds

4 Baths

5,488 Sq.Ft.

$5,495,000

MLS#: 4113853

The Gem of Cliffs Valley: A Story of Unrivaled Views and Mountain Majesty There are places that capture the imagination, and then there are those that redefine it. Welcome to 15 Water View Court, a property so iconic it has graced the cover of the Cliffs Valley golf scorecard and has long been whispered about as “The Gem” of this prestigious community. Perched on a private 270-degree peninsula, 40 feet above the emerald fairways, this is more than a home—it is a legacy, a sanctuary, and a front-row seat to the breathtaking theater of the Blue Ridge Mountains. From the moment you arrive, the world outside falls away, replaced by a sense of tranquility and awe. The estate’s 1.5 acres of meticulously landscaped grounds offer a level of privacy that is simply unattainable elsewhere in the community. Here, you are surrounded by nature’s grandeur, with no close neighbors to interrupt the symphony of rustling leaves and distant birdsong. Yet, the convenience of the Cliffs Valley gatehouse and clubhouse remains just a short stroll away, offering the perfect balance of seclusion and community. The home itself, a masterpiece by premier builder Alora, is a testament to architectural excellence and thoughtful design. Step inside, and your gaze is immediately drawn through walls of glass to the stunning panorama beyond. The 25-foot ceilings of the great room soar towards the heavens, while a magnificent stone fireplace provides a warm and inviting anchor to the space. Every room is a vantage point, offering ever-changing views of the Ben Wright-designed golf course, the shimmering lake, and the majestic mountains that stretch to the horizon. This is a home built for both grand entertaining and intimate moments. The gourmet chef’s kitchen is a culinary dream, with custom cabinetry, professional-grade appliances, and a massive center island that invites family and friends to gather. The seamless flow into the dining room and the elegant butler’s pantry ensures that every occasion is effortless. For moments of quiet reflection, the sunroom lounge offers a 270-degree embrace of the surrounding beauty, a place to savor your morning coffee as the sun crests the mountains. The main-level primary suite is a sanctuary of its own, with a curved wall of windows that frames the stunning landscape like a living work of art. A cozy fireplace, a spa-inspired bath, and a private sitting area create a retreat where you can rejuvenate your body and soul. The terrace level is an entertainer’s paradise, complete with a second full kitchen, a wine cellar, and a state-of-the-art golf simulator. A private gym, steam shower, and sauna offer a wellness experience that rivals the world’s finest resorts. Outside, the expansive flagstone terraces and screened-in porch with its own fireplace provide the perfect setting for alfresco dining, sunset cocktails, or simply unwinding to the gentle sounds of the cascading waterfall and koi pond. This is a place where memories are made, where stories are told, and where the beauty of the mountains becomes a part of your soul. 15 Water View Court is not just a home; it is a lifestyle. It is the thrill of a morning round of golf on a world-class course, the joy of an afternoon hike on a private trail, and the peace of an evening spent watching the stars blanket the mountains. It is a place where you can connect with nature, with your loved ones, and with yourself. This is your opportunity to own a piece of paradise, to live the story that only “The Gem of Cliffs Valley” can tell. Cliffs Membership Available with access to 7 world class clubs.
#4300904

Travelers Rest

15 Water View Court

4 Beds

5 Baths

5,528 Sq.Ft.

$5,495,000

MLS#: 4300904

This exquisitely remodeled home on the shores of Lake Toxaway was updated in 2014 with family and friends in mind. 3 bedrooms, 4 1/2 baths and a bonus room. Extensive landscaping surrounds the rear lawn overlooking the private dock. The foyer opens into the living area with a wood burning fireplace and a triple bay window box. The kitchen area overlooks the private entrance and opens onto a porch designed for entertaining. Inside the primary sanctuary is a sitting room with a wood burning fireplace and en-suite bath with double sinks and access to the sun deck. Upstairs, find an additional bedroom with en-suite bath, bonus room, office and ample storage. Downstairs, find a living space with a fireplace and a bunk room. This guest’s paradise includes an outdoor shower off the lower bathroom, a wine room, workshop, ping-pong room and storage for all the water sport toys. This home is the ideal blend of comfort, privacy, function and style for lakefront living at its finest.
#4179533

Lake Toxaway

598 North East Shore Drive

3 Beds

4 Baths

4,276 Sq.Ft.

$5,495,000

MLS#: 4179533

This one-of-a-kind lakefront home has recently been transformed both inside and out. From the newly redesigned gourmet kitchen to the 15 ft ceilings, you will find breathtaking lake views from every room. Not a detail was missed in this totally remodeled turnkey masterpiece. Two primary suites on the first floor makes having guest a comfortable decision. Entertaining was at the forefront when entering the lower level, complete with a bar, a billiard room, a wine bar, a golf simulation room, a home gym and two more guest suites all with 12-foot ceilings. You will find Custom drapery, intricate molding, detailed ceilings, exquisite chandeliers and an elevator add to the elegance of this home. The outdoor spaces feature a saltwater pool and spa, a fireplace, a new dock with two jet ski lifts and a 10,000-pound boat hoist, automatic boat cover, all surrounded by 220 feet of shoreline. If this isn’t the best lake view in The Point, it’s certainly one of them.
#4038456

Mooresville

148 Lightship Drive

4 Beds

4 Baths

8,318 Sq.Ft.

$5,485,000

MLS#: 4038456

Completely renovated in 2020, Broad Street Place located at 166-186 N Broad St Mooresville, NC offers a prime mixed use space in one of the fastest-growing communities in North Carolina. Fully leased with 17 tenants offering immediate cash flow and potential for increased returns as rents have room for growth to meet market rates. Eight street level retail spaces span both sides of the building plus a stand alone workshop space are all currently occupied. Upper level features 8 apartments spread across 3 separate entryways. Four single bedroom units and four 2 bedroom units. Iredell County's dynamic business environment, steady population growth, and strong economic drivers make Mooresville an exceptional opportunity for commercial investment.
#4267317

Mooresville

166-186 N Broad Street

None Beds

None Baths

N/A

$5,475,000

MLS#: 4267317

Discover unparalleled serenity with this private estate nestled on over four acres of curated gardens, open meadows and fern-covered forests. This enchanting property features a storybook conservancy, two charming guest cottages and an exquisite main residence. A stunning stone wall lines the property, ensuring privacy and creating an oasis that feels worlds apart—yet it's conveniently located 15 minutes from the heart of downtown Asheville. Situated within the prestigious gates of The Ramble, this estate offers a rare opportunity: the privacy and security of a gated community without the architectural or usage restrictions and currently no rental restrictions. The main residence is the ultimate mountain retreat, showcasing soaring post-and-beam ceilings, dramatic floor-to-ceiling stone fireplaces, an exquisite primary suite, a chef’s kitchen, five guest suites and over 2,000 square feet of outdoor living space with forest views. The main residence was meticulously renovated in 2022.
#4268471

Asheville

268 Holly Arbor Lane

8 Beds

7 Baths

5,958 Sq.Ft.

$5,475,000

MLS#: 4268471

Nestled along the serene shores of Lake Norman, this waterfront masterpiece offers an unparalleled blend of luxury, convenience, and natural beauty. Just a short bike ride from both the prestigious Peninsula Country Club and Yacht Club, this custom built 5 BR home has it all. Large glass doors throughout offer panoramic views of the shimmering waters beyond. A gourmet kitchen and open-concept living area with multiple fireplaces provides the perfect setting for intimate gatherings and festive celebrations alike.The lower level is perfect for entertaining with a bar, fireplace, movie room, gym, fully climate controlled wine room and seamless access to the pool, lake and dock. Multiple porches and terraces beckon you to unwind and soak in the breathtaking views. Lounge by the sparkling pool, take a refreshing dip on warm summer days, or retreat to the pool cabana for shade and relaxation. As the sun sets, gather around the fireplace and savor the magic of lakeside living under the stars.
#4148392

Cornelius

15515 Jetton Road

5 Beds

6 Baths

7,935 Sq.Ft.

$5,400,000

MLS#: 4148392

Nestled in the esteemed Peninsula community, directly across from the Yacht Club, this grand estate is the epitome of timeless elegance. Set on the tranquil shores of Lake Norman, the home features multiple fireplaces, including a stunning double-sided design in the great room. The expansive master suite serves as a serene retreat, with a lavish ensuite to match. The gourmet kitchen, second kitchen, and open-concept living areas are tailored for refined entertaining. A wine room, theater, sauna, & gym complete the home's offerings. Outdoors, the covered sitting area along the gangway invites leisurely lakeside moments, while the outdoor grilling area, firepit, & two pergolas enhance the space for gatherings. A saltwater pool and spa provide an inviting oasis. With an elevator, exquisite finishes, and sweeping lake views, this residence is a rare gem for those who appreciate the finest in sophisticated living. Offered fully furnished with select exclusions—see attachments for details.
#4224291

Cornelius

18432 Harbor Light Boulevard

6 Beds

5 Baths

8,510 Sq.Ft.

$5,400,000

MLS#: 4224291

Here's one of the most fabulous panoramic views of Lake Toxaway, a view from almost every room in the house. This stunning home boasts three bedrooms, and four and a half baths with two bonus rooms that might serve as office, and living spaces, or provide flexibility for guests. The spacious main-level living room with its dramatic floor-to-ceiling fireplace features large windows, allowing plenty of natural light and spectacular lake views. The open-concept floorplan allows easy access from the kitchen to the dining area, making it ideal for hosting friends and family. The kitchen has stainless steel appliances, custom cabinetry, and ample counter space. Upstairs each bedroom is complete with an ensuite bath and private balcony. The lower level boasts loads of entertaining space and level access to the backyard with the boathouse and dock steps away. Lush landscaping completes the package! Easy golf cart access to Lake Toxaway Marina, Greystone Inn, and Lake Toxaway Country Club.
#4213526

Lake Toxaway

130 Indian Trace

3 Beds

4 Baths

5,097 Sq.Ft.

$5,395,000

MLS#: 4213526

Exceptional Estate on Private Road - Welcome to this remarkable all-brick, 1-story estate offering nearly 6,000 sq. ft. of heated living space in one of South Charlotte’s most sought-after neighborhoods. Tucked away on a private road near Quail Hollow and Carmel Country Clubs, this residence blends timeless craftsmanship with modern comfort. Enter inside to high ceilings and stunning antique hand-hewn beams that anchor the main living spaces with warmth and character. The home boasts four bedrooms, four full baths and three half baths, along with abundant storage including a 1,200+ sq. ft. walk-up attic complete with a cedar closet. Multiple fireplaces create inviting gathering spaces plus, a dramatic wet bar in living room. Designed for both entertaining and everyday living, the floor plan flows seamlessly outdoors to expansive patios (with a 1/2 bath for the pool), a covered terrace and a sparkling pool—perfect for hosting or relaxing in privacy. A porte-cochere and four-car garage (with over 1,700sq ft) provide convenience and curb appeal. There is also a garage storage room and garage storage loft. Cedar shake roof and copper gutters compliment the exterior. This rare opportunity combines architectural detail, spacious design and a premier location—a true sanctuary just minutes from world-class golf, dining and shopping.
#4298233

Charlotte

2118 Bent Branch Road

4 Beds

4 Baths

5,956 Sq.Ft.

$5,375,000

MLS#: 4298233

This exquisite contemporary home on almost 4 acres, sits atop the mountain overlooking all of Walnut Cove and the Jack Nicklaus Signature Golf Course! This new construction home encompasses an expansive open floor plan, luxury living, incredible sweeping views from every room; and is the ultimate destination for generations to come together and celebrate in style! Convenient, high-end touches are evident throughout the home. Enjoy main level living with the spacious primary bedroom and splendid en-suite, chef’s kitchen, soaring great room, full guest suite, laundry; as well as an oversized 3 car garage! On the lower level, three well-appointed guest suites, a family room, wine room, and second laundry area await family and friends! This special property borders the National Forest, so your dream home will have the privacy that you desire as well. Come home to Walnut Cove where one membership opens a world of activities and friendships in seven communities in NC and SC!
#3794157

Arden

1225 Rockcrest Way

5 Beds

5 Baths

5,890 Sq.Ft.

$5,350,000

MLS#: 3794157

LUXURY LIVING IN EASTOVER! Experience unmatched elegance in this spectacular Eastover residence, where timeless design meets modern sophistication. Bathed in natural light, the home features a highly sought-after floor plan crafted for effortless entertaining and comfortable everyday living. Exceptional craftsmanship and high-end finishes are showcased throughout. The show-stopping chef’s kitchen flows seamlessly into a fireside family room and lounge creating the true heart of the home. Generous formal and informal living spaces offer the perfect backdrop for gatherings of any size. The serene primary suite serves as a private retreat with a beautifully appointed bathroom and walk-in closets. The main house includes five bedrooms and four full bathrooms, plus a versatile bonus room and dedicated office to accommodate a variety of needs. The beautifully designed pool house enhances the property with its own living space, full kitchen, bedroom, bathroom, and dedicated workout room perfect for guests, extended stays, or a private escape. Outdoor living is equally impressive. A covered porch overlooks the private, fenced backyard with a stunning pool ideal for year-round relaxation and entertaining. A charming grilling and dining area completes the setting. Convenient to shops and restaurants in Eastover, Myers Park, and easy commute to Uptown! Main House: 6,210 HLA, Guest House: 1,606 HLA, Total: 7,816 HLA.
#4350145

Charlotte

640 Colville Road

6 Beds

5 Baths

6,210 Sq.Ft.

$5,350,000

MLS#: 4350145

Experience designer luxury in this rare turn-key waterfront estate on one of the most coveted streets in The Peninsula. Meticulously updated and move-in ready, this 6,000+ sq ft home blends timeless elegance with modern comfort. Designed by a professional with exceptional attention to detail, it showcases stunning light fixtures and high-end finishes throughout. The open-concept kitchen flows seamlessly into a cozy family room and soaring two-story great room—ideal for entertaining and everyday living. Five spacious bedrooms and 6.5 spa-inspired baths span three beautifully finished levels. Enjoy breathtaking long-range views from modern windows, a resort-style backyard with pool, spa, outdoor kitchen, and covered patios. The walk-out basement features a guest suite, gym, and large family room. A deeded boat slip with covered dock and lift completes the ultimate Lake Norman lifestyle. Walk to the Yacht Club and minutes from The Peninsula Club.
#4273907

Cornelius

18408 Harbor Light Boulevard

5 Beds

6 Baths

6,013 Sq.Ft.

$5,350,000

MLS#: 4273907

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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