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John KurtzCharlotte · NC

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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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.