24 Nesbitts Olde Farm Road
About This Property
Imagine beginning each morning with coffee on the porch as sunlight rolls across open pasture and distant mountain ridges. Horses graze peacefully in the pasture, while a small creek marking the property's edge and mature hardwoods create a quiet, natural setting that changes beautifully with the seasons.
Offered for the first time in generations, 24 Nesbitt's Old Farm Road is a rare opportunity to own approximately 15.3 acres of rolling pasture, mature hardwoods, granite outcroppings, a small waterfall, and exceptional mountain views just minutes from Asheville. Beautifully updated with the warmth of a contemporary farmhouse, the home offers six permitted bedrooms, 4½ baths, flexible living spaces, and a county-approved lower level with its own private entrance, full kitchen, living area, bedrooms, and baths.
A substantial two-level barn with stalls, fenced pasture, spring-fed water system, oversized garage, and three versatile outbuildings-including covered high-clearance storage suitable for larger recreational vehicles, equipment, or farm implements-provide exceptional flexibility whether your vision includes horses, a hobby farm, gardening, or simply enjoying the freedom that comes with owning remarkable land.
Some homes offer a place to live. This one offers a way to live.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Sold | ||
| Sold | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by Keller Williams Professionals | $1,725,000 | |
| Listed by Keller Williams Professionals | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017