416 S Cherokee Avenue, Black Mountain, NC 28711
Methodist Colony · Buncombe County
Key Facts
Description
Two Homes | Multigenerational Living | Proven Short-Term Rental Success Welcome to a rare and remarkable opportunity in one of Black Mountain’s most sought-after neighborhoods. Ideally situated across from the scenic Black Mountain Golf Course and just a short stroll to Lake Tomahawk—featuring tennis courts, a playground, and a community pool—this property offers more than a home; it offers a lifestyle defined by charm, connection, and natural beauty. This unique property includes two thoughtfully maintained residences on a single parcel, making it ideal for multigenerational living, an income-producing investment, or a live-and-earn arrangement. The main home offers 1,394 square feet of comfortable, well-designed living space with a functional layout suited for everyday living or long-term rental potential. Privately set just behind, the 807 square foot one-bedroom guest cottage is a proven short-term rental performer. Carefully curated for guest comfort, it has become a favorite retreat for visitors who return year after year to experience the charm of Black Mountain. Don’t miss this exceptional opportunity to own a versatile property in one of Western North Carolina’s most welcoming and vibrant communities.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow
Year Built
1965
Living Area
2,201 sq ft
Garage Spaces
1
Zoning
UR-8
Days on Market
168
MLS® Listing#
4330813
Property Features
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Laundry
Patio
Fencing
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Unspecified
- Middle:
- Unspecified
- High:
- Unspecified
Financial Details
HOA
None
Assessed Value
$407,900
Parcel Number
0619-07-2531-00000
Directions
Google Maps takes you right to it
Affordability Calculator
$160,000
Estimated monthly payment
$4,258/mo
Principal $639,999 · Est. interest $892,856 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Black Mountain, NC
- $477,941
- Median Listing Price
- 81
- Median Days on Market
- 1,789
- Median Sq Ft
- $273
- Median Price / Sq Ft
- 327
- Active Listings
- This home’s price is 67% above the area median.
- Its price per sq ft is 33% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Black Mountain, NC.
Location
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Points of Interest in Black Mountain, NC
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 24 Sarabec Hill Road, Black Mountain, NC | $560,000 | 3 | 2 | 1,739 |
| 119 Beechwood Lane, Beech Mountain, NC | $565,000 | 4 | 3 | 2,128 |
| 518 Sweet Birch Park Lane, Black Mountain, NC | $575,000 | 3 | 4 | 2,306 |
| 23 Hunting Lodge Drive, Black Mountain, NC | $575,000 | 3 | 2 | 1,541 |
| 108 Three Oaks Lane, Kings Mountain, NC | $575,000 | 3 | 2 | 1,706 |
| 48 & 50 Wild Turkey Run, Black Mountain, NC | $579,000 | 3 | 3 | 1,629 |
Moving Cost Estimate
EXIT Agents in Black Mountain
Listing Courtesy: Mosaic Community Lifestyle Realty - casey@mymosaicrealty.com
Last Updated: 2025-12-27
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