Black Mountain · Black Mountain, NC
416 S Cherokee Avenue
Black Mountain, NC · 1,394 sqft
$850,000
Reduced from $895,000
- 4Beds
- 3Baths
- 1,394SqFt
- 1965Year
- 151Days on market
About this home
Two Homes | Multigenerational Living | Proven Short-Term Rental Success
Welcome to a rare and remarkable opportunity in one of Black Mountain’s most sought-after neighborhoods. Ideally situated across from the scenic Black Mountain Golf Course and just a short stroll to Lake Tomahawk—featuring tennis courts, a playground, and a community pool—this property offers more than a home; it offers a lifestyle defined by charm, connection, and natural beauty.
This unique property includes two thoughtfully maintained residences on a single parcel, making it ideal for multigenerational living, an income-producing investment, or a live-and-earn arrangement.
The main home offers 1,394 square feet of comfortable, well-designed living space with a functional layout suited for everyday living or long-term rental potential. Privately set just behind, the 807 square foot one-bedroom guest cottage is a proven short-term rental performer. Carefully curated for guest comfort, it has become a favorite retreat for visitors who return year after year to experience the charm of Black Mountain.
Don’t miss this exceptional opportunity to own a versatile property in one of Western North Carolina’s most welcoming and vibrant communities.
Property details
- Beds
- 4
- Baths
- 3
- SqFt
- 1,394
- Lot
- —
- Year built
- 1965
- Type
- Single Family
- Days on market
- 151
- Garage
- 1
- Style
- Bungalow
- Heating
- Electric, Heat Pump
- Cooling
- Electric, Heat Pump
- Foundation
- Crawl Space
- Flooring
- Wood
- View
- Golf Course
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$6,255/ month
- Principal & interest
- $5,264
- Property tax (~1.05%)
- $743
- Homeowners insurance
- $247
- HOA dues
- —
Down payment
$42,500 down · $807,500 financed
Income to qualify (28% rule)
~$268,113 / 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.