$875,000

About this home

Live in it, rent it, or both. 131 Mills Avenue is a fully furnished, turnkey home in the heart of downtown Brevard. It comes with everything you need to start hosting guests tomorrow, or to move in with nothing but your bike. It works as a personal mountain retreat, a ready-to-operate short-term rental, or a mix of the two. Downtown shops, restaurants, and galleries are a short walk away, and Pisgah National Forest is just minutes from the door. A rare grandfathered rental. New short-term rentals are restricted in Brevard's downtown residential zoning areas, but this home is grandfathered in as an existing short-term rental. That makes it one of the few ways to own a rental-ready home in walking distance of downtown, and it adds significant value whether you rent it full time, part time, or simply want to keep the option open. This modern 3-bedroom, 3-bath home is built for gathering. It has two separate living areas, so there's room to spread out. The open main level combines the kitchen, dining area, and living room, which has a gas fireplace. Off the main level, the upper deck is set up for grilling and meals outside in the mountain air. The lower level adds two bonus rooms, a second living area with a wet bar, a private hot tub, and a game area with foosball and air hockey. There are seven TVs throughout the home. The backyard sets this property apart. A level, usable yard is rare this close to downtown, and this one is ready for cornhole, cookouts, and evenings outside. A bike cleaning station in the front yard serves riders headed to Brevard's well-known trails. Future plans for the Brevard bike path may route it along the rear of the property, connecting toward the Ecusta Trail. That is possible but not guaranteed, and buyers should verify. Three ways to own it: Personal retreat. A move-in-ready home or second home with walkable downtown living and mountain recreation close by. Short-term rental. An established, operating rental with a proven guest following. Nightly rates have increased each year and occupancy continues to strengthen. Hybrid. Block off the weeks you want to enjoy it yourself, and let rental income help carry the property the rest of the year. Two-property opportunity. The nearly identical home next door at 121 Mills Avenue, also an operating short-term rental, is available for purchase as well. Together they offer a family compound, side-by-side units for larger groups, or a stronger combined portfolio. Financials are available to qualified buyers upon request. Buyers should verify all information, including short-term rental regulations and the transfer of rental status, with the City of Brevard.

Highlights

Property details

MLS

Canopy MLS

MLS #

CAR4431844

Property type

Single Family Residence

Subdivision

None

Status

Active

Days on market

5

On market date

October 9, 2026

Stories

N/A

Total bathrooms

3

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.