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71 Panorama Dr #73, Asheville, NC, 28806

4beds
6baths
2,860sqft
$669,000
$234price/sqft
$4,150/moest. monthly cost
$166,000/yrincome needed

About This Home

Located just 15 minutes from downtown Asheville, this well-maintained 2019 duplex offers a rare turnkey investment opportunity in one of Western North Carolina’s most desirable markets. Situated at 71 Panorama Drive, this property provides convenient access to dining, shopping, and outdoor recreation while maintaining a quiet, residential feel. Each side features a spacious 2-bedroom, 2.5-bath layout, thoughtfully designed for comfort and functionality. The units come fully furnished, making this an ideal option for investors seeking immediate rental income without additional setup. Both sides are currently tenant-occupied with leases in place at market rates, providing stable, consistent cash flow from day one. Built in 2019, the property is in excellent condition with modern finishes and low maintenance requirements—an attractive advantage for investors looking to minimize ongoing expenses. Whether you're expanding your portfolio or entering the Asheville market, this duplex delivers strong income potential in a prime location. Don’t miss this opportunity to own a newer, income-producing property just minutes from downtown Asheville and the surrounding areas.

Getting Around

1
WalkingCar-Dependent
0
TransitNo Nearby Transit
6
BikeSomewhat Bikeable

Schools

1/10
6/10
3/10
Clyde A Erwin HighGrades PK,9-121.4 mi

Construction

Condition

  • Year built: 2019

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Microwave,Oven,Refrigerator,Washer/Dryer
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Window features: Insulated Windows
  • Flooring: Carpet,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 2,860

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Electric

Interior Area

  • Total structure area: 2,860
  • Total interior livable area: 2,860 sqft

Property

Details

  • Parcel number: 972027611800000
  • Zoning: OU
  • Special condition: Standard

Features

  • Stories: 2
  • Patio & porch: Covered,Patio
  • Waterfront features: None

Lot

  • Lot size: 0.36 Acres

Parking

  • Parking features: Parking Space(s)

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Ice Storm
Landslide
Strong Wind
Winter Weather

FEMA Declared Disasters in Buncombe County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,382$40,584
Home Insurance *$185$2,220
Property Taxes $317$3,804
Electricity $266$3,196
Total$4,150$49,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$142,285/yr
40% on housing$124,500/yr
45% on housing$110,666/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 28806$220
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28806$295
Buncombe County$278

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Listed for sale$695,000
2022-08-31Sold$575,000
2022-07-07Contingent$585,000
2022-07-01Price change$585,000
2022-06-09Listed for sale$645,000

For Sale by Agent

AgentMike Szabo
BrokerageEXP Realty LLC

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