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32643635
32643693

767 New Haw Creek Road, Asheville, NC 28805-1419

Weichert Realtors - Unlimited
Listed by Weichert Realtors - Unlimited
$3,300,000
24 days on market
Updated 23 days ago

767 New Haw Creek Road

Details
APN 9659-93-9458-00000
Property Type Multifamily, Land
Sub Type Single Family Rental Portfolio
Units 5
Beds 13
Tenancy Multi
Class B
Year Built 1966
Buildings 5
Acreage 26.000
Zoning RS4
Investment Type Redevelopment

25+ acres of buildable land with 5 existing houses in Haw Creek!

Marketing description

25 acres of highly desirable, development-ready land in Haw Creek with city water and sewer — an increasingly rare opportunity. Featuring a blend of wooded and cleared acreage with gentle rolling topography, this exceptional parcel offers the kind of usable terrain developers struggle to find in today’s market, especially in a convenient location like Haw Creek. Located just 12 minutes from Downtown Asheville and 10 minutes from the Blue Ridge Parkway, the property combines a peaceful, country-like setting with quick access to shopping, dining, recreation, and city amenities. Two local parks, a county public K-5 and a K-8 community charter school are located within five minutes, further enhancing the appeal for future residential development. Investors and developers should explore the strong subdivision and residential development potential, with nearby communities such as Trapper’s Run, Huntington Chase, and the long-established Happy Valley neighborhood demonstrating the area's amazing community appeal along with continued demand and growth. Whether envisioned as a private estate compound, boutique neighborhood, family subdivision, or phased investment project, this property offers exceptional flexibility and upside potential. The property currently includes five existing single-family homes, each with newer roofing, updated plumbing, and circuit-breaker panel boxes, which with some repair can provide immediate opportunities for rental income, workforce housing, or phased redevelopment. Additional improvements include a separate two-bay mechanic’s shop with tall bay doors and independent electrical service, plus several storage sheds. Current zoning is conditional, with base zoning RS4. Buyer to verify all information and development possibilities. Seller is executor of estate, has limited knowledge of the property, and has never occupied the property.

Investment highlights

Scarcity & Scale: 25 contiguous acres in the highly coveted Haw Creek valley; one of the largest remaining tracts in East Asheville.

Infrastructure Ready: access to city water and sewer

Optimal Topography: Rare combination of cleared and wooded acreage with gentle rolling terrain, maximizing the buildable footprint and minimizing grading costs.

Strategic Location: Prime "10-minute" radius to Downtown Asheville, the Blue Ridge Parkway, and major retail hubs.

Proven Market Demand: Flanked by successful established communities like Trapper’s Run and Huntington Chase, providing a clear "proof of concept" for high-end residential exit strategies.

Listing Contacts

Weichert Realtors - Unlimited
Listed by Weichert Realtors - Unlimited

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