Condominium at 120 Biltmore Avenue, Asheville
Condominium at 120 Biltmore Avenue, Asheville, photo 2 of 10
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$1,500,000

120 Biltmore Avenue
Asheville, NC 28801
Listed by William Coin · Howard Hanna Beverly-Hanks Biltmore Avenue
Bedrooms
2
Bathrooms
2
Living area
1,402 sqft
Year built
2027

About this home

A rare find in downtown Asheville: Residence 201 at MK on Biltmore is a 3-bedroom, 2-bath short-term rental, a configuration that's hard to come by in this luxury new-construction market. This second-floor residence offers 1,402 square feet of interior living space plus a private 106-square-foot balcony, with long-range southern views from floor-to-ceiling windows, delivering genuine income-producing potential in the heart of South Slope. MK on Biltmore is a six-story, 44-residence building of steel and concrete construction, thoughtfully designed with an on-site restaurant and ground-floor retail. Kitchens feature quartz countertops and standard GE Café appliances, with Bosch available as an upgrade. Homes also offer 9-10' ceilings, smart home options, floating vanities, custom closets, and fire pit options, plus a complimentary consultation with the project's interior designer to personalize your finishes. Buy early and secure the extras: EV charging stations, additional deeded parking, and extra storage are all available as upgrades while supplies last. Steps from The Orange Peel, Wicked Weed Brewing, the Asheville Art Museum, Chestnut, and James Beard Award-winning restaurants, with McCormick Field, Aston Park, and the Blue Ridge Parkway just minutes away. Construction begins summer 2026, with move-ins beginning 2028. Contact listing team for a copy of building plans and interior finish options.

Highlights

New construction

Property details

MLS
Canopy MLS
MLS #
CAR4407602
Property type
Condominium
Subdivision
MK on Biltmore
Status
Active
Days on market
80
On market date
July 24, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Isaac Dickson Elementary
0.86 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
407
Student:teacher ratio
14.0:1
District
Asheville City Schools
Middle
Asheville Middle
0.6 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
1.24 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,135
Student:teacher ratio
13.2:1
District
Asheville City Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

99
Highly walkable
out of 100
EPA National Walkability Index
19.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores13
Parks20
Schools19
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 80 days -- 41 fewer days than Asheville's current average of 121 days.
For reference, the median list price across 1,591 active listings in Asheville right now is $489,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$9,183/mo
$300,000 down
$1,200,000 loan
Principal & interest$7,783
Property tax (est.)$1,250
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.