Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and location. Assessed value of $519,300 appears below market.
Contemporary 3-Bed Home Steps from Beaver Lake
You’ll notice the elevated lot and mature street trees the moment you arrive at 35 Elkmont Drive — a contemporary home completed in 2018 with thoughtful finishes and an immediately livable plan. The main level opens into an airy living room anchored by a stone fireplace and wide-plank hardwood floors that run through much of the home. A clean-lined modern kitchen features leathered countertops and stainless steel appliances that balance durable surfaces with warm, tactile materials.
The primary suite is conveniently situated on the main level and opens to a private deck, providing a quiet outdoor extension for morning coffee or late-evening downtime. Two additional bedrooms and a shared bath are on the upper level, giving families or guests separation and privacy. Throughout the home you’ll find intentional details — solid-surface counters, contemporary fixtures, and an efficient heat-pump HVAC system paired with central air for year-round comfort.
Outside, the 0.26-acre fenced backyard and deck are ready for weekend entertaining, gardening, and safe play. Driveway parking accommodates two vehicles; the elevated lot provides pleasing street presence and a degree of separation from the nearby retail corridor. A crawlspace foundation and asphalt shingle roof are consistent with modern builds in the neighborhood; roof age should be verified during inspection.
Location is a defining asset: Beaver Lake is just 0.3 miles away and the French Broad River under 0.5 miles, giving this home immediate access to water-edge recreation, walking loops, and scenic routes. Reynolds Village shopping and dining are a one- to two-mile trip and downtown Asheville is an easy 3-mile commute. Built in a period of strong neighborhood appreciation, this home pairs low near-term maintenance risk with a lifestyle that draws professionals and active retirees alike.
Buyers should note the local school ratings and verify assignments, and the listing materials recommend confirming roof age during due diligence. Financially, local comparable sales and a sales-comparison valuation place current market value in the $700K–$750K range, framing this listing as competitive for North Asheville modern construction with immediate neighborhood access to lakes and riverfront amenities.
See the properties helping shape the valuation.
Comparable sales
- 3 SF smaller
- 0.5 additional bathrooms
- Similar lot size
- Same year built
- 437 SF larger
- 2 additional bedrooms
- 0.5 additional bathrooms
- 21,344 SF larger lot
- 54 years older
- 1,168 SF larger
- 1 additional bedroom
- Similar lot size
- 1 year newer
A 2018 contemporary on 0.26 acres.
Building
Site & utilities
North Asheville
Researched nearby locations
Location
35 Elkmont Drive, Asheville, NC 28804
North Asheville combines leafy residential streets with close access to waterways and city amenities. Residents enjoy easy trips to Beaver Lake and the French Broad River for walking, rowing, and outdoor time, plus quick access to Reynolds Village shopping and a short drive into downtown Asheville. The area attracts professionals and retirees who value walkable pockets, established vegetation, and a mix of mid-century and contemporary homes. While local elementary and high school ratings are average, the neighborhood’s lifestyle amenities and steady appreciation make it a compelling choice for buyers seeking proximity to water and city culture.
Excellent immediate access to Beaver Lake (0.3 mi) and the French Broad River (0.5 mi), with neighborhood walking loops, nearby shopping at Reynolds Village, and downtown Asheville roughly 3 miles away.
A factual market snapshot around 35 Elkmont Drive.
North Asheville currently reads as a balanced-to-slightly-seller market. Inventory sits at roughly 2.5 months and average days on market are near 30 days — a pace that favors sellers on desirable listings but still allows buyers time to make informed offers. Median sale price in the area is about $700,000, and the neighborhood has seen steady appreciation (approximately 25% over five years, and ~5% year-over-year). Recent comps for modern single-family homes within a half-mile have closed in the $700K–$875K range, with a recent nearby 3-bed sale at $875,000 for a slightly larger, newer home and multiple sales clustered around $700K–$820K.
For this property type — newer, contemporary single-family homes with 3 bedrooms and modern finishes — demand remains healthy. Low inventory and proximity to Beaver Lake and the French Broad River add premium appeal, while rental demand (estimated at ~$2,800/month) supports investor interest. Buyers should act with market data in hand: competitive offers on well-presented homes are common, but this market is not overheated — appraisal and inspection contingencies remain realistic. Sellers benefit from short market times and strong comparable price points; buyers gain negotiating leverage when contingencies are clean and financing is ready.
Medium Density Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 3 SF smaller
- 0.5 additional bathrooms
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2018 purchase at $470,000 ($243/SF) — current estimate $725,000 ($375/SF)
- Assessed value $519,300 (land $79,500, improvements $439,800) — annual taxes $4,813
- Zoned R-7 — allows single-family and accessory dwelling units
- 3 comparable sales within 0.5 miles in last 6 months range $700K–$750K
- Average days on market in North Asheville: 30 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify roof age and condition
- Confirm zoning restrictions and allowances
- Professional home inspection
- Review school zone assignments
What stands out about this property.
Interior Features
- Open living area with stone fireplace
- Hardwood floors throughout main living spaces
- Modern kitchen with leathered countertops
- Stainless steel appliances
- Primary suite on main level with deck access
- 2 additional upstairs bedrooms
- 2.5 total bathrooms
- Heat pump heating and central AC
Exterior & Lot
- 0.26-acre elevated lot (11,326 SF)
- Fenced backyard ideal for children and pets
- Rear deck off primary suite
- Driveway parking for two vehicles
- Asphalt shingle roof (age to be verified)
- Crawlspace foundation
Location & Neighborhood
- North Asheville neighborhood
- 0.3 miles to Beaver Lake
- 0.5 miles to French Broad River
- Approximately 1 mile to Reynolds Village shopping
- About 3 miles to Downtown Asheville
- Merrimon Avenue corridor ~0.5 miles for quick access
Walkability & Recreation
- Walkability Rating: 65/100 — Somewhat Walkable
- Beaver Lake walking loops and ponds (0.3 mi)
- French Broad River access for paddling and trails (0.5 mi)
- Reynolds Village shopping and dining within 1 mile
- Downtown Asheville cultural and dining scene ~3 miles away
- Nearby neighborhood green spaces and sidewalks
Sources & research confidence.
See where the property research came from and how confidence varies by field.