Single Family Residence at 280 Old Lakey Gap Road, Black Mountain
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48 photos

$999,000

280 Old Lakey Gap Road
Black Mountain, NC 28711
Listed by Shanda Richardson · Nest Realty Asheville
Bedrooms
3
Bathrooms
2
Living area
1,570 sqft
Year built
2002

About this home

Extraordinary property with 4.75+/- acres, streams, and stunning year-round mountain views, perfectly nestled in the heart of Black Mountain and convenient to Cheshire Village. Currently a comprehensive equestrian facility, the property presents many options as a private mountain estate, a multi-generational family compound, a boutique mini-farm, or development. Enjoy the ideal balance of peaceful privacy and neighborhood convenience, with local restaurants, boutique shops, and everyday conveniences all within easy walking distance. TWO HOMES | Charming one-level home with some recent improvements including European French white oak hardwood flooring and high-end carpeting throughout. This could be a wonderful space with the new owner’s vision. There is also an older, but functional, mobile home on the property, offering a flexible space for caretakers or extended family. EQUESTRIAN FACILITIES | Featuring an indoor riding arena, a 6-stall barn equipped with water service, an outdoor grass arena, and dedicated feed and tack storage rooms. LAND HIGHLIGHTS | Enjoy long-range mountain views all year long, without the steep winding road. A hard to find combination of privacy, abundant usable land, streams and views. DEVELOPMENT POTENTIAL | Nearly impossible to find within Black Mountain town limits, this property offers many possibilities. Zoned TR-4 with the potential for four homes per one acre.

Property details

MLS
Canopy MLS
MLS #
CAR4436148
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
N/A
On market date
November 2, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
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
Black Mountain Elementary
1.48 mi away · Grades 4-5
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
146
Student:teacher ratio
11.2:1
District
Buncombe County Schools
Middle
Owen Middle
3.35 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
457
Student:teacher ratio
13.4:1
District
Buncombe County Schools
High
Early College
13.67 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Black Mountain'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).

27
Car-dependent
out of 100
EPA National Walkability Index
8.5 / 20 -- Below average walkable
Google Places amenity density
3 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops1
Pharmacies0

Market position

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

On the market 0 days -- 153 fewer days than Black Mountain's current average of 153 days.
For reference, the median list price across 255 active listings in Black Mountain right now is $370,000.

Mortgage calculator

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

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Est. monthly payment
$6,166/mo
$199,800 down
$799,200 loan
Principal & interest$5,184
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 13 hr 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.