Home on property of no value - Black Mountain
Come build your dream in Black Mountain!  Just minutes to downtown - Black Mountain
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19 photos

$225,000

Black Mountain, NC 28711
Listed by Clarissa Marshall · EXP Realty LLC
Bedrooms
2
Bathrooms
1
Living area
N/A
Year built
1900

About this home

Attention builders, developers, and investors—don’t miss this rare opportunity in the heart of Black Mountain. Tucked away on a quiet, low-traffic street, this private, wooded property is just moments from Lake Tomahawk and the charm of downtown. With public utilities available and short-term rentals allowed, the possibilities here are abundant. Preliminary guidance suggests potential for up to two-three build sites (buyer to confirm), making this an ideal candidate for an investment project. The surrounding area offers an inviting lifestyle with nearby golf, tennis, sports fields, and a thriving downtown filled with beloved restaurants, breweries, coffee shops, and boutiques. Asheville is just a short 20-minute drive away. The existing structure is likely a teardown.

Property details

MLS #
CAR4372235
Property type
Single Family Residence
Subdivision
Grove Park
Status
Active
Days on market
18
On market date
April 30, 2026
Stories
N/A
Total bathrooms
1
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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Black Mountain Elementary
1.42 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
2.15 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
12.64 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).

18
Very car-dependent
out of 100
EPA National Walkability Index
5.7 / 20 -- Least walkable
Google Places amenity density
3 / 100
Restaurants & cafes1
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

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

On the market 18 days -- 118 fewer days than Black Mountain's current average of 136 days.
For reference, the median list price across 246 active listings in Black Mountain right now is $409,798.

Mortgage calculator

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

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Est. monthly payment
$1,505/mo
$45,000 down
$180,000 loan
Principal & interest$1,167
Property tax (est.)$188
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 18, 2026.

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.