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Under contract-show
$650,000
1beds
1,000sqft

56 Patton Ave Ste 306, Asheville, NC 28801

1beds
1,000sqft
Condominium
Built in 1929
Open parking
$650 price/sqft
$303/mo HOA

What's special

Gleaming hardwood floorsOpen-concept layoutStainless steel appliancesChic dining area

Own a piece of Asheville history with this premier turnkey investment opportunity. Nestled on the third floor of the iconic, Douglas Ellington-designed Art Deco S&W Building, this luxury 1-bed, 1-bath loft is a highly successful, proven short-term rental in the absolute heart of downtown. Accessible via a secure elevator, the condo beautifully marries historic character with modern urban luxury. Fall in love with the soaring raw concrete ceilings, original exposed brick accent walls, gleaming hardwood floors, and massive windows that frame downtown views. The open-concept layout flows seamlessly from the chic dining area into a fully equipped kitchen featuring granite countertops and stainless steel appliances. Walk out into Asheville’s finest dining, shopping, and entertainment—or simply take the elevator downstairs to the bustling S&W Market food hall. Fully furnished and completely turnkey, this is a rare, blue-chip asset to add to your portfolio or utilize as the ultimate downtown getaway. Transferable legal short term rental.

64 days
|
33
|
0
|

Likely to sell faster than

Source: Canopy MLS as distributed by MLS GRID,MLS#: 4394114MLS Logo
Travel times

Living Room

Kitchen

Dining Room

Zillow last checked:

Listing updated:

Listed by:

Julie Smith julie.smith@allentate.com,

Howard Hanna Beverly-Hanks Asheville-Downtown,

Todd Kaderabek,

Howard Hanna Beverly-Hanks Asheville-Downtown

Source: Canopy MLS as distributed by MLS GRID,MLS#: 4394114MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1
Primary bedroom
  • Level: Main
Bathroom full
  • Level: Main
Kitchen
  • Level: Main
Laundry
  • Level: Main
Living room
  • Level: Main
Heating
  • Electric, Heat Pump
Cooling
  • Heat Pump
Appliances
  • Included: Dishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Refrigerator with Ice Maker, Washer/Dryer
  • Laundry: In Hall, Laundry Closet
Features
  • Built-in Features, Open Floorplan
  • Flooring: Tile, Wood
  • Doors: Insulated Door(s), Sliding Doors
  • Windows: Insulated Windows, Window Treatments
  • Basement: Other
Interior area
  • Total structure area: 1,000
  • Total interior livable area: 1,000 sqft
  • Finished area above ground: 1,000
  • Finished area below ground: 0
Video & virtual tour

Property

Parking
  • Parking features: On Street
  • Has uncovered spaces: Yes
Features
  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Exterior features: Elevator
  • Has view: Yes
  • View description: City
  • Waterfront features: None
Lot
  • Features: Views, Other - See Remarks
Details
  • Additional structures: None
  • Parcel number: 9649306197C0306
  • Zoning: CBD
  • Special conditions: Subject to Lease
  • Horse amenities: None

Construction

Type & style
  • Home type: Condo
  • Architectural style: Modern
  • Property subtype: Condominium
Materials
  • Brick Full, Stone
  • Foundation: Other - See Remarks
  • Roof: Rubber,Other - See Remarks
Condition
  • New construction: No
  • Year built: 1929

Utilities & green energy

  • Sewer: Public Sewer
  • Water: City
  • Utilities for property: Cable Available, Cable Connected, Electricity Connected, Wired Internet Available

Community & HOA

Community
  • Features: None
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision: S & W Condominium
HOA
  • Has HOA: Yes
  • HOA fee: $303 monthly
  • HOA name: S&W Condominium Assoc
Location
  • Region: Asheville
  • Elevation: 2000 Feet

Financial & listing details

  • Price per square foot: $650/sqft
  • Tax assessed value: $605,000
  • Annual tax amount: $3,184
  • Date on market: 6/26/2026
  • Cumulative days on market: 65 days
  • Listing terms: Cash,Conventional
  • Electric utility on property: Yes
  • Road surface type: Concrete, None, Paved

Price history

DateEventPrice
6/26/2026Listed for sale$650,000+39.8%$650/sqft
Source: Canopy MLS as distributed by MLS GRID #4394114 Report a problem
1/4/2016Sold$465,000+45.3%$465/sqft
Source: Public Record Report a problem
12/21/2012Sold$320,000$320/sqft
Source: Canopy MLS as distributed by MLS GRID #NCM519831 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$3,184 +9.5%$508,200
2024$2,908 +13.6%$508,200
2023$2,559 +1%$508,200
2022$2,534 $508,200
2021$2,534 +1.7%$508,200 +10%
2020$2,491 $462,200
2019$2,491 $462,200
2018$2,491 +47.4%$462,200 +68%
2017$1,690 -32.8%$275,100
2016$2,514 --
2015-- $275,100
2014$1,669 $275,100
2013-- $275,100 -3.3%
2012-- $284,400
2011-- $284,400 +42.8%
2010-- $199,100

Find assessor info on the county website

Monthly payment

Est. payment
$3,826/mo
Principal & interest
$3236
HOA Fees
$303
Property taxes
$287
More affordability toolsChevron Right

Estimated market value

$630,300

$599,000 - $662,000

$1,856/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 28801

Nearby schools

Isaac Dickson Elementary
Grades PK-5 • 0.7 miles
5/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
3/10
Asheville Middle
Grades 6-8 • 0.7 miles
7/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
7/10
Asheville High
Grades PK,9-12 • 1.5 miles
6/10
GreatSchools® Rating
Test Score Rating
6/10
College Readiness Rating
7/10
Student Progress Rating
4/10

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