Active
Residential
131 Mills Avenue
Brevard, NC 28712
Beds
3
Baths
3
Square Ft.
2,824
$875,000
Live in it, rent it, or both. 131 Mills Avenue is a fully furnished, turnkey home in the heart of downtown Brevard. It comes with everything you need to start hosting guests tomorrow, or to move in with nothing but your bike. It works as a personal mountain retreat, a… Read More ready-to-operate short-term rental, or a mix of the two. Downtown shops, restaurants, and galleries are a short walk away, and Pisgah National Forest is just minutes from the door.
A rare grandfathered rental. New short-term rentals are restricted in Brevard's downtown residential zoning areas, but this home is grandfathered in as an existing short-term rental. That makes it one of the few ways to own a rental-ready home in walking distance of downtown, and it adds significant value whether you rent it full time, part time, or simply want to keep the option open.
This modern 3-bedroom, 3-bath home is built for gathering. It has two separate living areas, so there's room to spread out. The open main level combines the kitchen, dining area, and living room, which has a gas fireplace. Off the main level, the upper deck is set up for grilling and meals outside in the mountain air. The lower level adds two bonus rooms, a second living area with a wet bar, a private hot tub, and a game area with foosball and air hockey. There are seven TVs throughout the home.
The backyard sets this property apart. A level, usable yard is rare this close to downtown, and this one is ready for cornhole, cookouts, and evenings outside. A bike cleaning station in the front yard serves riders headed to Brevard's well-known trails. Future plans for the Brevard bike path may route it along the rear of the property, connecting toward the Ecusta Trail. That is possible but not guaranteed, and buyers should verify.
Three ways to own it:
Personal retreat. A move-in-ready home or second home with walkable downtown living and mountain recreation close by.
Short-term rental. An established, operating rental with a proven guest following. Nightly rates have increased each year and occupancy continues to strengthen.
Hybrid. Block off the weeks you want to enjoy it yourself, and let rental income help carry the property the rest of the year.
Two-property opportunity. The nearly identical home next door at 121 Mills Avenue, also an operating short-term rental, is available for purchase as well. Together they offer a family compound, side-by-side units for larger groups, or a stronger combined portfolio.
Financials are available to qualified buyers upon request. Buyers should verify all information, including short-term rental regulations and the transfer of rental status, with the City of Brevard. Read Less
Courtesy of Looking Glass Realty, Connestee Falls, Jordan Clark, 828-884-7355.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
3
Square Ft.
2,824
Year Built
2022
MLS Number
4431844
Additional Details
Property Access
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Appliances & Equipment
Gas Oven, Gas Range, Indoor Grill, Microwave, Refrigerator
Basement
Finished
Building
Built in 2022, Living area: 2824, Levels: One, Construction Materials: Hardboard Siding
Cooling
Ceiling Fan(s), Heat Pump
Exterior Features
Patio/Porch Features: Covered, Front Porch, Rear Porch
Fireplaces
Gas Unvented, Living Room
Floors
Tile, Wood
Foundation
Basement
Heating
Heat Pump
Laundry
In Kitchen, Laundry Closet
Parking
2 open parking spaces, Driveway
Property
Elevation: 2000
Roof
Architectural Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 8586-31-2309-000, Assessed Value: $582,200
Utilities
Water Source: City
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