131 Mills AVE Brevard, NC 28712
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $309
MLS Listing ID 4431844
Style Bungalow
Bedrooms 3
Full Baths 3
Abv Grd Liv Area 1,412
Year Built 2022
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Single Family Residence
Property Description
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.
Location
State NC
County Transylvania
Rooms
Basement Finished
Primary Bedroom Level Main
Main Level Bedrooms 3
Interior
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Flooring Tile, Wood
Fireplaces Type Gas Unvented, Living Room
Fireplace true
Appliance Gas Oven, Gas Range, Indoor Grill, Microwave, Refrigerator
Laundry In Kitchen, Laundry Closet
Exterior
Roof Type Architectural Shingle
Street Surface Concrete,Paved
Porch Covered, Front Porch, Rear Porch
Garage false
Building
Dwelling Type Site Built
Foundation Basement
Sewer Public Sewer
Water City
Architectural Style Bungalow
Level or Stories One
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None
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