Nestled on approximately 6 private acres, this exceptional estate offers two purchase options: the fully renovated main residence alone or the complete package including a charming 2 bedroom guest cottage. The main home features 4 bedrooms, a top to studs overhaul with upscale finishes, a sparkling pool, and a dedicated space for animals such as chickens, or a pig also a place to park an RV. A two car garage with a built in workshop provides ample storage and workspace. Inside, an open floor plan showcases a chefs kitchen, spa inspired baths, gleaming hardwoods, and abundant natural light. The separate guest cottage boasts 3 bedrooms and a cozy living area perfect for short term rental income or multigenerational living. Experience the rare combination of luxury, versatility, and serenity in one turnkey property.
Closed
$1,625,000
48 Walter Morgan Dr, Asheville, NC 28803
4beds
4,496sqft
Single Family Residence
Built in 1987
6.2 Acres Lot
$1,359,000 Zestimate®
$361/sqft
$5,025 Estimated rent
Home value
$1,359,000
$1.16M - $1.59M
$5,025/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Viv Snyder viv.snyder@allentate.com,
Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Bought with:
Heidi DuBose
Unique: A Real Estate Collective
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4257054
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
- Laundry: Lower Level
Features
- Total Primary Heated Living Area: 2785
- Flooring: Tile, Wood
- Basement: Basement Garage Door,Basement Shop
- Fireplace features: Great Room
Interior area
- Total structure area: 2,785
- Total interior livable area: 4,496 sqft
- Finished area above ground: 2,785
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Parking Space(s), Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Exterior features: Other - See Remarks
- Pool features: In Ground
Lot
- Size: 6.2 Acres
Living quarters
- Secondary living space: 1711 sqft
- Secondary features: Other - See Remarks
Details
- Parcel number: 966543804600000
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Hardboard Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Features: None
- Subdivision: none
Location
- Region: Asheville
Financial & listing details
- Price per square foot: $361/sqft
- Tax assessed value: $659,700
- Annual tax amount: $2,586
- Date on market: 5/8/2025
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $1,625,000+47.7%$361/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4257054 Report a problem | ||
| 5/9/2025 | Price change | $1,100,000-29%$245/sqft |
Source: Canopy MLS as distributed by MLS GRID #4257189 Report a problem | ||
| 5/9/2025 | Listed for sale | $1,550,000+300.5%$345/sqft |
Source: Canopy MLS as distributed by MLS GRID #4257054 Report a problem | ||
| 7/15/2020 | Sold | $387,000-3.3%$86/sqft |
Source: Canopy MLS as distributed by MLS GRID #3593046 Report a problem | ||
| 5/4/2020 | Pending sale | $400,000$89/sqft |
Source: Move Asheville Realty #3593046 Report a problem | ||
| 4/14/2020 | Listed for sale | $400,000$89/sqft |
Source: Move Asheville Realty #3593046 Report a problem | ||
| 3/3/2020 | Pending sale | $400,000$89/sqft |
Source: Move Asheville Realty #3593046 Report a problem | ||
| 2/25/2020 | Price change | $400,000-11.1%$89/sqft |
Source: Move Asheville Realty #3593046 Report a problem | ||
| 5/12/2019 | Price change | $450,000-5.3%$100/sqft |
Source: Beverly-Hanks Biltmore Park #3474785 Report a problem | ||
| 2/16/2019 | Listed for sale | $475,000$106/sqft |
Source: Beverly-Hanks Biltmore Park #3474785 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,586 +4.7% | $401,200 |
| 2024 | $2,470 +3.3% | $401,200 |
| 2023 | $2,391 +1.7% | $401,200 |
| 2022 | $2,351 +11.8% | $401,200 +11.8% |
| 2021 | $2,104 -3.4% | $359,000 +3.9% |
| 2020 | $2,177 | $345,500 |
| 2019 | $2,177 | $345,500 |
| 2018 | $2,177 | $345,500 +10% |
| 2017 | $2,177 | $314,200 |
| 2016 | $2,177 -0.3% | $314,200 |
| 2015 | $2,184 | $314,200 |
| 2014 | $2,184 | $314,200 |
| 2013 | -- | $314,200 +9.1% |
| 2012 | -- | $288,100 |
| 2011 | -- | $288,100 |
| 2010 | -- | $288,100 |
| 2009 | -- | $288,100 |
| 2007 | -- | $288,100 |
| 2006 | -- | $288,100 +25.4% |
| 2005 | -- | $229,700 |
| 2004 | -- | $229,700 |
| 2003 | -- | $229,700 |
| 2002 | -- | $229,700 +24.8% |
| 2001 | -- | $184,100 |
Find assessor info on the county website
Neighborhood: 28803
Nearby homes
- $457,9002 bd2 ba1.6k sqft9 Walter Morgan Dr, Asheville, NC 28803Off Market
- $207,8003 bd1 ba1.3k sqft92 Merrills Cove Rd, Asheville, NC 28803Off Market
- $39,000-- bd-- ba-- sqft20 Walter Morgan Dr, Asheville, NC 28803Off Market
- $943,7004 bd4 ba4.2k sqft7 Walter Morgan Dr, Asheville, NC 28803Off Market
- $1,750,0003 bd6 ba4.6k sqft34 Merrills Chase Rd, Asheville, NC 28803Sold
- $604,1003 bd2 ba2.5k sqft35 Merrills Chase Rd, Asheville, NC 28803Off Market
- $478,6003 bd2 ba1.5k sqft18 Walter Morgan Dr, Asheville, NC 28803Off Market
- $583,1004 bd2 ba1.2k sqft17 Merrills Chase Rd, Asheville, NC 28803Off Market
Nearby schools
GreatSchools rating
- 6/10Glen Arden ElementaryGrades: PK-4Distance: 2 mi
- 7/10Cane Creek MiddleGrades: 6-8Distance: 2.6 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Glen Arden/Koontz
- Middle: Cane Creek
- High: T.C. Roberson
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.
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Estimated market value
$1,359,000
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Estimated market value
$1,359,000
- North Carolina
- Buncombe County
- Asheville
- 28803
- 48 Walter Morgan Dr
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