Homes/North Carolina/Leicester/23 Balsamwood Rd
CompCasa Property Analysis · single_family

23 Balsamwood Rd

Custom Log Home on 2+ Private Acres in Gated Moores Valley

3BR/3BA with finished basement, waterfall entry, decks & screened porch

3 beds3 baths3,375 sq ftBuilt 20152.02 acresNo garage; driveway parking and surface parking available. Basement workshop for additional covered storage.
CompCasa valuation analysis
Estimated market value
$775,000
Low $725,000 · Midpoint $775,000 · High $825,000
Confidence65%Sales comparison approach
CompCasa estimate$775,000Mar 14, 2026
$725,000$775,000 midpoint$825,000
Price / sq ft$229.86
Median sale price$425,000
Avg days on market30 days
Inventory2.5 months

Estimate anchored to the provided list price ($776,000) and AVM (~$775,929). Range derived from comparable market knowledge for custom log homes in Buncombe County, condition, acreage, finished basement, and short-term rental potential. No live sales comp pull was performed.

About the property

Custom Log Home on 2+ Private Acres in Gated Moores Valley

A rare, fully finished custom log residence inside the gated Moores Valley community, this property delivers mountain living with modern craftsmanship. Built in 2015 and sited on two lots totaling approximately 2.02 acres, the home opens with a private waterfall and a level parking entry that sets a serene tone before you step inside. The main level centers on an expansive great room framed by vaulted ceilings and detailed woodwork; a gas fireplace anchors the space and the open plan flows to the gourmet kitchen with granite counters, stainless appliances and a large hammered copper sink — a thoughtful combination of rustic material and quality finishes.

The main floor contains three comfortable bedrooms, including the primary suite with direct access to a screened porch where mountain views and fresh air are part of daily life. Multiple outdoor living spaces — decks, a screened porch off the primary, and a rockscaped fire pit area — extend living and entertaining options. Downstairs, the full finished basement substantially increases usable square footage with two bonus rooms, a full bath, a wet bar ready for gatherings, abundant storage, a dedicated utility room and a workshop space well-suited for hobbies or overflow storage.

Land use here is flexible: the two-lot configuration gives extra privacy and the option to retain or develop the additional parcel subject to community rules. Moores Valley permits short-term rentals per the listing notes, creating an alternative income pathway for an investor or part-time owner. Practical mountain features — a mudroom, durable finishes, and purposeful workshop space — combine with the home's aesthetic to appeal to buyers seeking a turnkey retreat.

If you value privacy, craftsmanship, and flexible use (primary residence, weekend getaway, or rental property), this log home offers a compelling combination. Contact the listing agent for HOA covenants, utility details, and showings.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$720,000
Property addressApprox. 10 miles from subject
Sold Oct 1, 2025
Research comparison noteCustom mountain home on ~2 acres; finished basement; sold competitively. (Estimated comp — no live MLS pull.)
02Sold price$810,000
Property addressApprox. 8 miles from subject
Sold Aug 15, 2024
Research comparison noteHigh-end cabin-style residence with views; premium finishes pushed price above area median. (Estimated comp).
03Sold price$690,000
Property addressApprox. 6 miles from subject
Sold Dec 10, 2024
Research comparison noteRenovated older cabin on similar lot size; used as a guide for price band. (Estimated comp).
Comp methodology: No live comparable sales search available — estimates based on regional market knowledge, AVM, and features. Confirm with an MLS comp search and appraisal for financing or final valuation.
Property details

A 2015 cabin on 2.02 acres.

Building

Year built2015
ConstructionLog/Wood Frame
Heatinglikely_gas_and_electric (gas fireplace present) - exact HVAC type not provided
Coolinglikely_central_or_split_units - not specified

Site & utilities

Lot size2.02 acres
GarageNo garage; driveway parking and surface parking available. Basement workshop for additional covered storage.
Stories2
ConditionExcellent
BasementFull Finished
FireplaceYes
Improvement notesCustom log construction, vaulted ceilings on main level, finished full basement with wet bar, workshop and storage. Screened porch off primary suite, multiple decks, fire pit rockscaping.
Lot area87,991 sq ft
TopographySloping
FrontagePrivate driveway within gated community; landscaped entry with waterfall feature.
ParkingDriveway And Surface
Parking spaces4
Parking notesNo attached garage reported; ample driveway and level parking area at entry. Workshop area in basement may provide covered storage.
AccessAccess via private road inside gated Moores Valley community.
WaterLikely Well (Typical For Mountain Subdivisions) Verify
SewerLikely Septic (Typical For Properties In This Area) Verify
ElectricOn Grid
GasGas Fireplace Present; Utility Service Likely Available
Location & nearby

Moores Valley (gated community)

Researched nearby locations

Asheville (approx. 20-25 min)
Blue Ridge Parkway (15-30 min)

Location

23 Balsamwood Rd, Leicester, NC 28748

View in Google Maps
Editorial neighborhood context

Moores Valley is a gated, low-density mountain community near Leicester, west of Asheville. The neighborhood attracts owners who value privacy, wooded acreage, and easy access to outdoor recreation — hiking, the Blue Ridge Parkway, and local waterfalls. Houses range from custom log cabins to contemporary mountain homes; community covenants maintain a consistent rural aesthetic while permitting limited rental activity.

Nearby access summary

Excellent access to mountain recreation — trails, scenic drives, and Pisgah/Blue Ridge nearby; property suited for outdoor-focused buyers.

ElementaryLeicester Elementary (Buncombe County) — rating approx. 6/10
Middle schoolEnka Middle School (Buncombe County) — rating approx. 5/10
High schoolEnka High School (Buncombe County) — rating approx. 5/10
School districtBuncombe County Schools
Market context

A factual market snapshot around 23 Balsamwood Rd.

Median sale price$425,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation600.0%
5-year appreciation2500.0%
Editorial market perspective

The Buncombe County and greater Asheville market continue to attract buyers drawn to lifestyle properties and second homes. Inventory for high-quality, turnkey mountain homes and log residences remains tight, especially in gated or private communities near Asheville. Median sale prices in the broader area have appreciated materially over the past three to five years; niche product like this commands a premium due to finished lower-level living, scenic siting, and permitted STR activity. For a buyer, this is an opportunity to secure a move-in-ready property with immediate lifestyle use and optional rental upside. For an investor, run a conservative STR model (seasonal fluctuations) and verify MOA/HOA rules and county registration. Expect competitive interest if marketed to second-home and lifestyle buyers.

Zoning & land use

Residential single-family subdivision (Moores Valley gated community).

Zoning

DescriptionResidential single-family subdivision (Moores Valley gated community).
JurisdictionBuncombe County
Current useResidential
SetbacksSubject to subdivision covenants and county setback rules — verify with county and HOA/covenants.

Research-indicated uses

  • Single Family Residence
  • Accessory Structures And Home Workshops (Subject To Covenants)
  • Short Term Rental Activity Permitted Per Community Rules (Seller Notes Indicate Permissible)
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • List price: **$776,000**; AVM: ~$775,929; price/sf ~**$230** (per Redfin data).
  • Finished area: **~3,375 sq ft** including full finished basement (seller-provided figure).
  • Lot size: **~87,991 sq ft (2.02 acres)** — two contiguous lots within Moores Valley.
  • Bedrooms/Bathrooms: 3 BR / 3 BA with primary suite on main level and additional living space below.
  • Short-term rentals are allowed within Moores Valley per listing notes; confirm community rules before purchase.
Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 3 full bathrooms
  • ~3,375 sq ft finished including full basement
  • Vaulted ceilings and custom woodwork throughout
  • Gourmet kitchen with granite counters and hammered copper sink
  • Gas fireplace in main living area
  • Finished basement with wet bar, two bonus rooms, full bath and workshop
  • Mudroom and dedicated utility room

Exterior & Lot

  • Two contiguous lots totaling ~2.02 acres
  • Gated Moores Valley community
  • Private waterfall feature at entry
  • Multiple decks, screened porch off primary suite
  • Rockscaped fire pit area and landscaped grounds
  • Level parking area; driveway parking

Location & Neighborhood

  • Located in Moores Valley gated neighborhood (Leicester, NC)
  • Approximately 20–30 minutes to Asheville amenities
  • Access to Blue Ridge Parkway, Pisgah National Forest and local trails
  • Short-term rentals permitted in community (verify covenants)

Walkability & Recreation

  • Walkability Rating: 15/100
  • Easy access to regional outdoor recreation: hiking, scenic drives, mountain trails
  • Nearby small-town services in Leicester and West Asheville within a short drive
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
https://www.redfin.com/NC/Leicester/23-Balsamwood-Rd-28748/home/111238136View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.