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  • $4,000,000

    1 Old Mill Ln, Weaverville, NC 28787

    6beds
    9,000sqft
    : 
    $23,691/mo
    Get pre-qualified
    Triplex
    Built in 1914
    -- sqft lot
    $3,860,200 Zestimate®
    $444/sqft
    $-- HOA

    What's special

    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
    |
    440
    |
    24
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Bryant mgbryant33@gmail.com,

    Estate Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4410364MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 1
      • 1/2 bathrooms: 2
      Heating
      • Forced Air, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Other
      • Laundry: Electric Dryer Hookup, Main Level
      Features
      • Basement: Basement Shop,Partially Finished,Walk-Out Access,Other
      Interior area
      • Total structure area: 9,000
      • Total interior livable area: 9,000 sqft
      • Finished area above ground: 9,000
      • Finished area below ground: 0

      Property

      Parking
      • 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

        $3,860,200

        $3.59M - $4.05M

        $1,730/mo

        Price history

        DateEventPrice
        8/1/2026Listed for sale$4,000,000+14.3%$444/sqft
        Source: Canopy MLS as distributed by MLS GRID #4410364 Report a problem
        1/27/2026Listing removed$3,500,000$389/sqft
        Source: Canopy MLS as distributed by MLS GRID #4310533 Report a problem
        12/22/2025Price change$3,500,000+9.4%$389/sqft
        Source: Canopy MLS as distributed by MLS GRID #4310533 Report a problem
        12/9/2025Price change$3,200,000-3%$356/sqft
        Source: Canopy MLS as distributed by MLS GRID #4310533 Report a problem
        10/7/2025Listed for sale$3,300,000-5.7%$367/sqft
        Source: Canopy MLS as distributed by MLS GRID #4310533 Report a problem
        10/28/2024Listing removed$3,500,000$389/sqft
        Source: Canopy MLS as distributed by MLS GRID #4104899 Report a problem
        10/28/2024Price change$3,500,000+20.7%$389/sqft
        Source: Canopy MLS as distributed by MLS GRID #4104899 Report a problem
        9/10/2024Listed for sale$2,900,000$322/sqft
        Source: Canopy MLS as distributed by MLS GRID #4104899 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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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        Climate risks

        Neighborhood: 28787

        Getting around

        22 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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