UPDATED:
Key Details
Property Type Single Family Home
Sub Type Portfolio
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $413
MLS Listing ID 4433391
Construction Status Completed
HOA Fees $50/mo
HOA Y/N 1
Abv Grd Liv Area 3,739
Year Built 1972
Lot Size 0.850 Acres
Acres 0.85
Property Sub-Type Portfolio
Property Description
20 Collins Mountain Drive ("The Move") serves as the portfolio's primary rental attraction, featuring a resort-style outdoor entertainment area with a swimming pool, hot tub, sauna, and fire pit. Neighboring 12 Collins Mountain Drive ("Side Quest") offers a separate guest retreat with its own private hot tub. Both properties operate independently and together through the established "Big Moves" Airbnb listing, allowing investors to accommodate different group sizes and maximize booking opportunities.
36 Collins Mountain Drive adds another permitted STR featuring a private hot tub and sauna, while 28 Collins Mountain Drive ("Hilltop Cabin") operates as a furnished medium-term rental, providing an additional income stream and diversification beyond traditional vacation bookings.
Across all four properties, investors benefit from a swimming pool, three hot tubs, two saunas, and multiple guest experiences designed to attract different rental demographics. Furnishings convey, and continued third-party property management is available under a new agreement. Seller-reported improvements include roofing and HVAC updates. With established rental history, multiple income streams, and proximity to downtown Asheville, this portfolio presents an opportunity to acquire an operating rental business with potential for continued revenue optimization. Detailed financials and offering memorandum available upon request.
Location
State NC
County Buncombe
Zoning R-10
Rooms
Basement Finished
Interior
Interior Features Hot Tub, Sauna
Heating Ductless
Cooling Ductless
Fireplaces Type Other - See Remarks
Fireplace true
Appliance Dishwasher, Dryer, Indoor Grill, Microwave, Oven, Refrigerator, Washer, Washer/Dryer
Laundry Laundry Room
Exterior
Exterior Feature Fire Pit, Hot Tub
Pool In Ground
Street Surface Asphalt,Gravel,Paved
Porch Front Porch
Garage false
Building
Dwelling Type Site Built
Foundation Basement, Slab
Sewer Septic Installed
Water Shared Well
Structure Type Brick Partial,Fiber Cement,Wood
New Construction false
Construction Status Completed
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed No
HOA Name Collins Mountain Owners Association Inc.
Senior Community false
Restrictions Short Term Rental Allowed
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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