CompCasa Property Analysis · single_family

74 Shipman Pkwy

Custom Modern Farmhouse on 0.77-Acre Lot in Berwick Downs

2019-built 4BR/2.5BA farmhouse steps from Kenmure Country Club

4 beds2.5 baths2,918 sq ftBuilt 20190.77 acres2-car attached
CompCasa valuation analysis
Estimated market value
$1,150,000
Low $1,100,000 · Midpoint $1,150,000 · High $1,200,000
Confidence85%Sales comparison approach
Last recorded sale$1,150,000Mar 31, 2025
Assessed value$1,009,7002025 assessment
CompCasa estimate$1,150,000Mar 6, 2026
Estimate vs. last recorded sale+$0 / +0.0%
$1,100,000$1,150,000 midpoint$1,200,000
Price / sq ft$394
Median sale price$900,000
Avg days on market45 days
Inventory3.2 months

Sales comparison approach using recent sales within Berwick Downs and surrounding Flat Rock area. Adjusted for lot size, construction year, and amenities. Assessed value aligns with market estimates.

About the property

Custom Modern Farmhouse on 0.77-Acre Lot in Berwick Downs

What distinguishes this farmhouse is its setting inside Berwick Downs — a gated enclave that puts Kenmure Country Club and Flat Rock’s cultural anchors within easy reach. Sited on a level, landscaped 0.77-acre lot, the home presents a confident combination of fiber cement and stone exterior, a covered front porch and a long, private yard that invites weekend gatherings or quiet evenings by the stone fireplace.

Step through a vaulted-ceiling entry and you feel the house’s modern attention to proportion. The great room centers on a stone hearth and opens toward the chef’s kitchen, appointed with granite countertops and thoughtful workspaces for everyday cooking and entertaining. The main level hosts the primary suite, finished with a spa-like walk-in shower and a layout that reads as a comfortable private wing. Upstairs are three additional bedrooms and a full bath — ideal for family, guests or a home office.

Built in 2019 with low-maintenance materials and contemporary systems (central air, forced air heating), the residence totals 2,918 square feet of living space and includes a two-car attached garage. Utilities include municipal water, private sewer and Piedmont Natural Gas. The result is a modern farmhouse that feels complete and move-in ready without a long to-do list.

Lifestyle here blends privacy with convenience: Kenmure Country Club sits roughly 0.5 miles away; the Flat Rock Playhouse and the Carl Sandburg Home are within a couple of miles, and downtown Hendersonville’s shops and restaurants are a short drive. Buyers should note the community’s annual HOA of $2,222 and recent transaction history — the property was acquired by the current owner in March 2025 for $1,150,000 — which reflect the market for gated, well-appointed homes in Flat Rock.

If you’re seeking a modern farmhouse with generous outdoor space, refined interior details and immediate access to golf and cultural amenities, schedule a private viewing to feel how this property fits into everyday life in Berwick Downs.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$900,000
Property address114 Linda Ann Dr, Flat Rock, NC 28731
4 bed3 bath2,329 sq ftBuilt 20180.9 mi45,738 sq ft lot$386/SF
Sold Jan 30, 2026
Subject difference
  • 589 SF smaller
  • 0.5 additional bathrooms
  • 12,197 SF larger lot
  • 1 year older
Research comparison noteSimilar age and size, slightly larger lot
02Sold price$1,182,500
Property address386 Lindsey Farm Dr, Flat Rock, NC 28731
4 bed3.5 bath2,992 sq ftBuilt 20171.2 mi40,075 sq ft lot$395/SF
Sold Feb 4, 2026
Subject difference
  • 74 SF larger
  • 1 additional bathroom
  • 6,534 SF larger lot
  • 2 years older
Research comparison noteLarger home with additional half bath
03Sold price$867,500
Property address102 Pinnacle Peak Ln, Flat Rock, NC 28731
3 bed3 bath3,137 sq ftBuilt 20161.5 mi43,560 sq ft lot$276/SF
Sold Feb 12, 2026
Subject difference
  • 219 SF larger
  • 1 fewer bedroom
  • 0.5 additional bathrooms
  • 10,019 SF larger lot
  • 3 years older
Research comparison noteSlightly older, larger lot, fewer bedrooms
Comp methodology: Focused on properties within 1.5 miles in Flat Rock sold or leased in the last 12 months for maximum relevance
Property details

A 2019 farmhouse on 0.77 acres.

Building

Year built2019
ConstructionFiber Cement And Stone
RoofShingle
Heatingforced air
Coolingcentral air

Site & utilities

Lot size0.77 acres
Garage2-car attached
Stories2
ConditionExcellent
BasementNone
FireplaceYes
Improvement notes4 bedrooms, 2.5 bathrooms, vaulted ceilings, stone fireplace, chef's kitchen with granite countertops, primary suite with spa-like walk-in shower
Lot area33,541 sq ft
TopographyLevel
FrontageFrontage on Shipman Parkway
ParkingAttached Garage
Parking spaces2
Parking notes2-car attached garage
AccessStandard residential driveway from Shipman Parkway
WaterMunicipal
SewerPrivate Sewer
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Berwick Downs

Researched nearby locations

Kenmure Country Club (0.5 mi)
Flat Rock Playhouse (1.2 mi)
Carl Sandburg Home National Historic Site (1.5 mi)
Downtown Hendersonville (3 mi)

Location

74 Shipman Pkwy, Flat Rock, NC 28731

View in Google Maps
Editorial neighborhood context

Berwick Downs is an intimate, gated neighborhood in Flat Rock prized for privacy and proximity to country-club lifestyle. Residents trade the bustle for quiet streets, mature plantings and easy access to Kenmure Country Club’s golf and social calendar. Cultural destinations — the Flat Rock Playhouse and the Carl Sandburg Home — are minutes away, while downtown Hendersonville provides dining, boutiques and seasonal events. The area attracts retirees and professionals seeking a serene, amenity-rich setting; families should consider nearby school ratings as part of their search.

Nearby access summary

Very good access to recreation: Kenmure Country Club golf and dining (0.5 mi), Flat Rock Playhouse (1.2 mi), Carl Sandburg Home (1.5 mi), and downtown Hendersonville (≈3 mi) for parks and greenways.

ElementaryHillandale Elementary (2/10)
Middle schoolFlat Rock Middle (6/10)
High schoolEast Henderson High (5/10)
School districtHenderson County Public Schools
Market context

A factual market snapshot around 74 Shipman Pkwy.

Median sale price$900,000
Avg days on market45 days
Inventory3.2 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Flat Rock’s higher-end residential pockets like Berwick Downs are currently favoring sellers, though conditions are stabilizing toward a balanced market. Inventory in the area sits around 3.2 months, and the local median sale price is near $900,000; comparable gated-community homes typically move within an average of 45 days. Year-over-year appreciation is approximately 5%, with a stronger 25% rise over five years — evidence of sustained demand for newer, well-appointed properties. For single-family homes in gated neighborhoods, limited supply and proximity to amenities like Kenmure Country Club support pricing resilience. Buyers should be mindful of HOA costs and school ratings when comparing value; investors evaluating rental potential will note an estimated monthly rent in the $3,000 range but a modest gross yield (~3.1%). In short: motivated sellers still command attention, while measured buyer activity and low inventory make this a good moment to secure a distinctive Berwick Downs property before new listings increase.

Zoning & land use

Residential District

Zoning

Zoning codeR-2
DescriptionResidential District
JurisdictionHenderson County
Assessor useSingle Family Residential
Current useResidential
SetbacksFront 30', side 10', rear 20'

Research-indicated uses

  • Single Family
  • Accessory Dwelling Unit
  • Home Occupation
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.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$200,000
Assessed improvements$809,700
Total assessed$1,009,700
Assessment year2025
Annual property tax$4,352
Tax year2025

Sale history

2025-03-31$1,150,000 · $394/SF
2018-01-03$157,500 · $52/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,800/mo
Property address320 Dawnbrook Dr, Flat Rock, NC 28731
4 bed4 bath2,825 sq ft$0.99/SF
Leased Aug 1, 2025
Subject difference
  • 93 SF smaller
  • 1.5 additional bathrooms
Research comparison noteSimilar size and bedroom count, slightly older construction
02Monthly rent$2,900/mo
Property address132 Overlook Dr, Flat Rock, NC 28731
4 bed3 bath3,144 sq ft$0.92/SF
Leased Jul 15, 2025
Subject difference
  • 226 SF larger
  • 0.5 additional bathrooms
Research comparison noteLarger home, older construction, similar amenities
Research findings & due diligence

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

Key findings

  • Purchased in March 2025 for $1,150,000 ($394/SF)
  • Current assessed value: $1,009,700 (land: $200K, improvements: $809.7K)
  • Located in Berwick Downs, a gated community with HOA fee of $2,222 annually
  • Nearby attractions: Kenmure Country Club (0.5 mi), Flat Rock Playhouse (1.2 mi)
  • Elementary school rating: 2/10; middle school: 6/10; high school: 5/10

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify construction permits and final inspections
  • Review HOA covenants and restrictions
  • Professional home inspection
  • Confirm utility service providers and costs
Highlights & features

What stands out about this property.

Interior Features

  • 4 bedrooms, 2.5 bathrooms across 2,918 sqft
  • Vaulted-ceiling entry and open great room
  • Stone fireplace anchoring the living area
  • Chef's kitchen with granite countertops
  • Primary suite with spa-like walk-in shower
  • Second-floor bedroom wing with full bath
  • Central air and forced-air heating
  • Built in 2019 — excellent condition

Exterior & Lot

  • 0.77-acre level, landscaped lot
  • Covered front porch
  • Fiber cement and stone exterior
  • 2-car attached garage
  • Frontage on Shipman Parkway
  • Private, level backyard suitable for outdoor living

Location & Neighborhood

  • Gated Berwick Downs community
  • Kenmure Country Club (≈0.5 mi) — golf and social amenities
  • Flat Rock Playhouse (≈1.2 mi) and Carl Sandburg Home (≈1.5 mi)
  • Downtown Hendersonville approximately 3 miles
  • Henderson County Public Schools district
  • HOA: $2,222 annually

Walkability & Recreation

  • Walkability Rating: 40/100 — Car-Dependent (some local paths and community sidewalks)
  • Kenmure Country Club (0.5 miles) for golf and dining
  • Flat Rock Playhouse (1.2 miles) and Carl Sandburg Home (1.5 miles)
  • Downtown Hendersonville (≈3 miles) for shops, restaurants and greenways
  • Nearby cultural attractions and community parks
Research transparency

Sources & research confidence.

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

View sources & confidence
1
Redfin property listing for 74 Shipman Pkwy, Flat Rock, NC 28731View source
2
Realty.com listing for 74 Shipman Parkway, Flat Rock, NC 28731View source
3
Zillow listing for 74 Shipman Pkwy #2, Flat Rock, NC 28731View source
4
Nest Realty Asheville listing for 74 Shipman Parkway, Flat Rock, NC 28731View source
5
Allen Tate Real Estate listing for 74 Shipman Parkway, Flat Rock, NC 28731View source
6
Howard Hanna listing for 74 Shipman Parkway, Flat Rock, NC 28731View source
7
Homes.com listing for 74 Shipman Pkwy Unit 2, Flat Rock, NC 28731View source
8
Nest Realty Asheville listing for 74 Shipman Parkway Unit 2, Flat Rock, NC 28731View source
9
Northrop Realty listing for 74 Shipman Parkway 2, Flat Rock, NC 28731View source
10
Journey Realty NC listing for 74 Shipman Parkway, Flat Rock, NC 28731View source
11
Trulia listing for 74 Shipman Pkwy, Flat Rock, NC 28731View source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.