Black Mountain · Black Mountain, NC
1186 Old US 70 Highway
Black Mountain, NC · 4,703 sqft
$1,500,000
Reduced from $1,650,000
- 7Beds
- 9Baths
- 4,703SqFt
- 1830Year
- 344Days on market
About this home
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!
Property details
- Beds
- 7
- Baths
- 9
- SqFt
- 4,703
- Lot
- —
- Year built
- 1830
- Type
- Single Family
- Days on market
- 344
- Heating
- Baseboard, Central, Wall Furnace, Wood Stove
- Cooling
- Central Air, Wall Unit(s), Window Unit(s)
- Foundation
- Basement
- Flooring
- Tile, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$11,039/ month
- Principal & interest
- $9,289
- Property tax (~1.05%)
- $1,312
- Homeowners insurance
- $437
- HOA dues
- —
Down payment
$75,000 down · $1,425,000 financed
Income to qualify (28% rule)
~$473,139 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.