$2,850,000

Just three miles from the heart of downtown Asheville, this exceptional property offers a rare opportunity to either create a family compound or a new residential development project. Spanning over 12 acres, this sprawling estate combines end-of-the-road privacy with the convenience of being moments from downtown Asheville. The existing estate includes a main house with all the charm of a 1930s home that has been completely updated, a guest cottage ideal for guests or a caretaker, and a three-car, air-conditioned detached garage with apartment/living space above it. The home's position on the property allows for multiple development options. The existing estate could stay as is and the additional eight acres (approximately) could be developed, or the entire 12-plus acres could be developed. Buyer to confirm utility connections for development purposes and development potential with City of Asheville. Please see attachments for more development information. One of the few remaining large parcels available for development within Asheville city limits. No drive-bys as home not visible from road and driveway is gated. An 8.87-acre adjacent property is also available for purchase, see MLS #4331437. The address is 67 Shawnee Trail.