Exceptional development or estate opportunity in Swannanoa. This offering includes 8.756 acres of gently lying, wooded land, plus an additional .079-acre road right-of-way, parcel B on survey, at the front providing over 100+ feet of road frontage for excellent access (ROW not owned by seller but benefits ingress/egress).
Public utilities are nearby, with a 6-inch public water line available to the northern property line along Gibbs Street right-of-way, and there's a 6-inch public sewer line located a short distance from the property. With the extension of water and sewer, preliminary evaluations indicate the potential for approximately 25–30 lots. Current zoning would allow duplex construction of those lots, creating the possibility of 50–60 total units, subject to approvals.
The property features multiple small streams, is not located in a designated flood zone, and offers highly buildable topography—a rare combination for a tract of this size. A site development opinion has been completed, and when considering topography, access, and utilities, the property presents strong development potential.
Alternatively, the property would make a beautiful private estate, family compound, or long-term investment hold, offering privacy, natural beauty, and convenient proximity to Swannanoa, Black Mountain, and the greater Asheville area.
A rare opportunity combining scale, infrastructure access, and zoning flexibility in a rapidly growing market.
Zoning, density, and utility availability to be verified by the buyer with Buncombe County, the Town of Swannanoa, and applicable utility providers.
229 days
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Zillow last checked:
Listing updated:
Listed by:
David Godfreygodfreyrealtyteam@gmail.com,
Godfrey Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4329977
Facts & features
Interior
Interior area
Finished area below ground: 0
Property
Features
On waterfront: Yes
Waterfront features: None, Creek, Creek/Stream
Frontage length: Road Frontage: 100
Lot
Size: 8.76 Acres
Features: Level, Private, Rolling Slope, Wooded, Views, Waterfall
Details
Additional parcels included: See Plat for Parcel B "Area Of Gap" .079 acres, Right-of-Way with property
Parcel number: 969828643700000
Zoning: R1
Special conditions: Standard
Utilities & green energy
Sewer: Public Sewer, Tap Fee Required, Other - See Remarks
Water: City, Tap Fee Required, Other - See Remarks
Community & HOA
Location
Region: Swannanoa
Financial & listing details
Tax assessed value: $171,400
Date on market: 12/18/2025
Cumulative days on market: 97 days
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
12/19/2025
Listed for sale
$1,400,000+11566.7%
Source: Canopy MLS as distributed by MLS GRID #4329977Report a problem
8/12/2025
Sold
$12,000-55.6%
Source: Canopy MLS as distributed by MLS GRID #4150186Report a problem
6/11/2024
Listed for sale
$27,000-25%
Source: Canopy MLS as distributed by MLS GRID #4150186Report a problem
12/20/2023
Listing removed
--
Source: Canopy MLS as distributed by MLS GRID #4048417Report a problem
9/7/2023
Listing removed
$36,000
Source: Canopy MLS as distributed by MLS GRID #4048417Report a problem
7/11/2023
Listed for sale
$36,000
Source: Canopy MLS as distributed by MLS GRID #CAR4048417Report a problem
Hide
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.