$785,000

About this home

A fully renovated brick ranch paired with an adjacent building lot offers room to settle in, invest, or build in Asheville’s established Malvern Hills neighborhood. Set along the neighborhood’s western edge, the property combines a wooded, private setting with convenient access to shopping and walkable neighborhood streets. Larger lots, mid-century ranches, and modern infill give this area its distinctive character—and the deer that frequent the property add to its storybook rural feel. The .34-acre cul-de-sac lot at 68 Cranesway has been surveyed and legally subdivided. Bordered by larger wooded properties and Asheville School land, it offers an opportunity to build while living in or generating rental income from the adjacent home. 340 School Rd sits on .4 acres and features three bedrooms, three full baths, hardwood floors, and an open floor plan. Renovations include all new appliances, electrical upgrades, updated interior plumbing, new water and sewer lines to the street, a new roof, and new decking. A large unfinished area with natural light provides generous storage and potential for studio or recreation space. 340 School Rd is also available without 68 Cranesway Drive at MLS #4418622. The building lot is offered only with the home. Builder is open to add-ons, or modifications with an appropriate offer.

Property details

MLS

Canopy MLS

MLS #

CAR4438703

Property type

Lot

Subdivision

N/A

Status

Active

Days on market

N/A

On market date

October 30, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

N/A

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.