$1,299,000
●
House -
Off Market
640 Blue Mist Way
Arden, NC 28704
3 Beds
3 Baths,
1
Half Bath
4,009 Ft²
$6,496
Est. Monthly
$118
HOA / Fees
1.83%
Cap Rate
About This Property
SPECTACULAR YR-ROUND MTN VIEWS! This 3BD/3.5BA cabin,w/ key
features crafted by local Artisan,boasts an open floor plan w/
soaring cathedral ceilings & natural light,seamlessly connecting
the dining and kitchen areas w/ stunning mountain vistas.Expansive
wraparound decks on 3 levels provide a perfect space to relax &
enjoy sweeping views of distant mountain ranges.A massive stone
hearth fireplace adds warmth & coziness on cool nights.The chef's
kitchen is equipped w/ stainless steel appliances,farmhouse
sink,custom cabinetry,high-end granite counters, & breakfast
bar.Main suite includes a spacious ensuite bath & walk-in
closet.Basement is an entertainer's dream w/a pub,movie
theater,bonus room,& full bath.Guest rooms offer large cedar-lined
closets & beautiful mountain views.Highlights include a hot
tub,custom staircase,copper gutters, & Briggs & Stratton
generator.Located in the desirable gated community of Avery
Park,just 10mins from Biltmore Park, w/ easy access to shops &
amenities
Unit Size
4,009 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$324
Property Type
House
Property Taxes
-
HOA Dues
$118
Year Built
2009
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CANOPYMLS #CAR4224572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| Feb 21, 2025 | Listed by Keller Williams Professionals | $1,299,000 | |
| Listed by Keller Williams Professionals | |||
| Jun 12, 2022 | No longer available | - | |
| No longer available | |||
| Apr 21, 2022 | Listed by Weaverville Realty | $1,350,000 | |
| Listed by Weaverville Realty | |||
| | |||
|
Some of the best views in the Asheville area with privacy and convenience to town. Gorgeous custom-built log home with open floor plan, stunning attention to detail, and wonderful natural light. Many upgrades throughout including a custom kitchen with full Thermador range and oven, a spectacular pub and movie theater in the basement along with additional guest room/office and full bath. Two levels of wrap-around decks with long range views. Hot Tub, Copper Gutters, One-of-a-kind staircase and hearth. Briggs & Stratton 19 kW whole house generator. Screened-in porch and a warmth that let you know you are in the mountains and have found your home. Move-in-ready. The gated community of Avery Park is just 10 minutes from Biltmore Park, and close to the Airport for easy travel. Come see for yourself! The manager has listed the unit size as 4204 square feet.
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About Buncombe
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Listed by: Matt Tavener, Keller Williams Professionals
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4224572
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4224572
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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