Possible Seller Financing . Historic Weaverville Milling Company. Circa 1914 ... Rare Opportunity.....150+ year old Grist Mill / former 150 seat Restaurant includes house and cottage, on 5.25 acres, with a private oasis along 1,000 ft. of bold Reems Creek waterway. Property is ocated in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.
7 days
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Mike Bryantmgbryant33@gmail.com,
Estate Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4410364
Parking features: Parking Lot, Other - See Remarks
Features
Stories: 4
Patio & porch: Covered, Front Porch
On waterfront: Yes
Waterfront features: Other - See Remarks, Creek
Lot
Size: 5.25 Acres
Features: Cul-De-Sac
Details
Additional structures: Other
Additional parcels included: 9742-22-1726 R-3
Parcel number: 9742137098
Zoning: EMP
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Triplex
Materials
Wood
Roof: Metal
Condition
New construction: No
Year built: 1914
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Phone Connected
Community & HOA
Location
Region: Weaverville
Financial & listing details
Price per square foot: $444/sqft
Tax assessed value: $999,999
Date on market: 8/1/2026
Cumulative days on market: 8 days
Listing terms: Cash,Owner Financing
Tenant pays: None
Road surface type: Gravel
Estimated market value
Zestimate®
$3,860,200
Estimated sales range
$3.59M - $4.05M
Rent Zestimate®
$1,730/mo
Price history
Date
Event
Price
8/1/2026
Listed for sale
$4,000,000+14.3%$444/sqft
Source: Canopy MLS as distributed by MLS GRID #4410364Report a problem
1/27/2026
Listing removed
$3,500,000$389/sqft
Source: Canopy MLS as distributed by MLS GRID #4310533Report a problem
12/22/2025
Price change
$3,500,000+9.4%$389/sqft
Source: Canopy MLS as distributed by MLS GRID #4310533Report a problem
12/9/2025
Price change
$3,200,000-3%$356/sqft
Source: Canopy MLS as distributed by MLS GRID #4310533Report a problem
10/7/2025
Listed for sale
$3,300,000-5.7%$367/sqft
Source: Canopy MLS as distributed by MLS GRID #4310533Report a problem
10/28/2024
Listing removed
$3,500,000$389/sqft
Source: Canopy MLS as distributed by MLS GRID #4104899Report a problem
10/28/2024
Price change
$3,500,000+20.7%$389/sqft
Source: Canopy MLS as distributed by MLS GRID #4104899Report a problem
9/10/2024
Listed for sale
$2,900,000$322/sqft
Source: Canopy MLS as distributed by MLS GRID #4104899Report a problem
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Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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