$1,600,000
24 Chapel Hill Ln #40, Leicester, NC 28748
Custom 5,142 SF Modern Farmhouse on 1.83 Private Acres
5 Bed · 5 Bath · 5,142 Sq Ft
Turnkey modern farmhouse with multiple kitchens, wraparound porches, and long-range views.
5
Beds
5
Baths
5,142
Sq Ft
2020
Built
1.83 acres
Lot
No attached garage listed — driveway parking and room for outbuildings
Garage
About 24 Chapel Hill Ln #40
This custom-built modern farmhouse (2020) pairs large-scale living with private rural character: 5,142 finished square feet, five bedrooms, and flexible living spaces sited on 1.83 acres with year-round long-distance views and easy access to Asheville (approx. 25 minutes). The main kitchen is a designer's kitchen—marble counters, custom cabinetry, stainless appliances and a large island—backed by a fully equipped prep kitchen that makes entertaining effortless. A third kitchen/food-prep area on the lower level increases options for multi-generational living or income generation.
The house is bright, open, and thoughtfully arranged: 9-foot ceilings on the main level, an expansive primary kitchen/eat-in island, and generous circulation space for gatherings. The lower-level recreation room centers around a stone wood-burning fireplace and includes a workshop area—ideal for hobbyists or those needing practical workspace. Interior finishes reflect recent construction quality and attention to detail throughout.
Outdoor living is a standout: extensive wraparound porches and multi-level decks capture the long-range views and expand entertaining options. The almost-two-acre lot is mostly open with established vegetable beds and flat areas perfect for a future outbuilding, beekeeping, small animals, or a play area. With no HOA, the site provides flexibility for lifestyle uses typical of Buncombe County rural parcels.
Practical details: built in 2020 and shown in excellent condition, this property features multiple distinct living/dining areas, flexible lower-level space, and abundant parking room on-site. For buyers who want privacy, modern finishes, and immediate access to Asheville culture and outdoor recreation, this listing offers a rare combination of scale and convenience. Contact listing agent Damon Peary for a showing and to verify utilities and owner disclosures.
Home Highlights
Property Features
Interior Features
- Primary kitchen: marble countertops, custom cabinetry, large eat-in island
- Prep kitchen fully equipped — ideal for catering/large gatherings
- Lower-level recreation room with stone wood-burning fireplace
- Workshop space on lower level
- 9' ceilings on main level and open circulation
- Five bedrooms with multiple en-suite possibilities
Exterior & Lot
- 1.83-acre lot (79,714 sqft) with open yard and vegetable beds
- Extensive wraparound porches and multi-level decks
- Year-round long-distance views from main living areas
- No HOA — flexibility for outbuildings and small livestock
- Ample driveway parking and room for detached garage
Location & Neighborhood
- Approx. 25-minute drive to downtown Asheville
- Rural Leicester setting with quiet lane access
- Nearby small farms, woodlands, and low-density residential parcels
- Quick access to regional amenities in Weaverville and Mars Hill
Walkability & Recreation
- Walkability Rating: 18/100
- Close to numerous Blue Ridge trails and outdoor recreation within a short drive
- Property suited for gardening, beekeeping, and outdoor hobbies
Neighborhood & Location
Leicester is a quiet, rural community northwest of Asheville characterized by rolling farmland, wooded parcels, and a mix of custom homes and older farmhouses. Residents enjoy a slower pace with direct access to Blue Ridge outdoor recreation, while Asheville’s arts, dining, and medical amenities remain within commuting distance. The Chapel Hill lane area offers privacy and scenic outlooks common to higher-elevation parcels in Buncombe County.
Market Insights
The Asheville-area market remains attractive for buyers seeking lifestyle and mountain-accessible properties. Inventory in Buncombe County has been relatively tight for turnkey, well-built homes; demand for homes with acreage and quality finishes tends to outpace supply. Median single-family prices in the broader area are materially lower than this listing, reflecting the premium attached to large custom homes with views. Expect this property to compete in the luxury/rural niche—buy-side competition strongest from buyers relocating from larger cities and from local buyers seeking more space. Days on market for comparable premium properties is typically moderate; well-priced, turnkey listings with proximity to Asheville can see quick interest. For investors, the property's multiple kitchens and lower-level living area increase potential for short-term rental or long-term rental income, subject to local rules and approvals.
Nearby Schools
Leicester Elementary School
Elementary · 3–6 mi (estimate)
North Buncombe Middle School
Middle · 8–12 mi (estimate)
North Buncombe High School
High · 8–15 mi (estimate)
Walkability & Recreation
Strong access to Blue Ridge hiking, mountain biking, and outdoor recreation within a short drive; property supports gardening, beekeeping, and small-animal uses.
Investment Highlights
- Large custom home: **5,142 SF** (2020 construction) on **1.83 acres** with long-range views
- Multiple full/partial kitchens (primary + prep + lower-level) enabling multi-family use or rental income
- High-end interior finishes: marble counters, custom cabinetry, generous island and stainless appliances
- Expansive outdoor living — wraparound porches, decks, vegetable beds, and ample yard
- Close proximity to Asheville (≈25 minutes) making it attractive for full-time residents or short-term rental market
Key Findings
- List price anchors valuation at **$1,600,000** (given condition and size, estimated market range $1.45M–$1.75M)
- 5 bedrooms, 5 baths (structured data) and 5,142 sqft total living area (2020 build)
- Site: 1.83 acres (79,714 sqft) with private lane access and long-distance views
- No HOA, which increases flexibility for uses like small-scale farming or outbuildings
- Lower-level recreation room with stone fireplace and workshop enhances utility and resale appeal
Things to Consider
- Rural utilities likely include private well and septic — verify system condition and capacity
- No attached garage listed; buyers seeking covered parking may need to budget for an outbuilding
- School assignments and exact zoning/setback rules should be confirmed with Buncombe County and the school district
- Listing data shows discrepancy in bath count in descriptive text versus structured fields; confirm final room counts in disclosures
Opportunity Analysis
Acquire a turnkey, modern farmhouse-scale home near Asheville that can serve as a primary residence, multi-generational property, or short-term rental; use the multiple kitchens and finished lower level to generate income and offset ownership costs.
Potential Use Scenarios
- Target buyers seeking lifestyle properties within commuting distance of Asheville — emphasize turnkey nature and flexible living areas
- Consider professional inspection of well/septic and documentation for rental compliance
- If seeking higher yield, market lower-level separately as ADU-style rental or long-term tenant space (verify local rules)
- If buyer wants covered parking, budget for a detached garage/sitework
Risk Factors
- Utility system unknowns (well/septic) can require near-term capital expenditure
- Luxury rural market can be narrower than entry-level urban markets — pricing should reflect premium but realistic comps
- Regulatory limits on short-term rentals in Buncombe County or neighborhood covenants may restrict STR usage
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$1450K
Midpoint
$1600K
High
$1750K
$311/SF estimated price per square foot
Estimate anchored to the provided list price of $1,600,000, adjusted by size (5,142 SF), high-end finishes, acreage (1.83 ac), and proximity to Asheville. No live comparable sales were available during generation; range reflects market variability for premium rural homes near Asheville.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Leicester and Buncombe County have seen steady in-migration and demand for mountain properties since 2015; market has segmented with higher demand for turnkey modern/rural homes near Asheville.
Nearby Points of Interest
- Asheville (˜15–25 min)
- Mars Hill / Weaverville (˜10–20 min)
Rural Leicester location with quick access to Asheville's cultural and dining scene; outdoor recreation including hiking and Blue Ridge Mountain trails within a short drive.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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