416 S Cherokee Ave, Black Mountain, NC, 28711
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Crawl Space
- Construction materials: Brick Partial,Hardboard Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Electric Oven,Electric Range,Electric Water Heater,Refrigerator,Washer
- Laundry features: Inside
Basement
- Basement: Basement Garage Door
Bathroom Full
- Level: 2nd Living Quarters
Bathroom Full
- Level: Main
Bathroom Full
- Level: Main
Bedroom S
- Level: Main
Bedroom S
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 3
Dining Room
- Level: Main
Features
- Total Primary Heated Living Area: 1394
- Flooring: Wood
- Fireplace features: Den
- Finished area below ground: 0
- Finished area above ground: 1,394
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Electric,Heat Pump
Interior Area
- Total structure area: 1,394
- Total interior livable area: 2,201 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Other
- Level: 2nd Living Quarters
Other
- Level: 2nd Living Quarters
Other
- Level: 2nd Living Quarters
Primary Bedroom
- Level: Main
Property
Details
- Parcel number: 061907253100000
- Zoning: UR-8
- Special condition: Standard
- Exclusions: See List Attached to listing
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Front Porch
- Fencing: Partial
- Has view: Yes
- View description: Golf Course
Lot
- Lot size: 0.45 Acres
Parking
- Total spaces: 11
- Parking features: Driveway,Garage on Main Level
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
- Uncovered spaces: 10
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
- Lightning
- Inland Flooding
- Ice Storm
- Landslide
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Buncombe County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,045 | $48,540 |
| Home Insurance * | $222 | $2,664 |
| Property Taxes | $575 | $6,900 |
| Electricity | $205 | $2,460 |
| Total | $5,047 | $60,564 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-16 | Price change | $850,000 |
| 2025-12-27 | Listed for sale | $895,000 |
| 2025-12-19 | Listing removed | $895,000 |
| 2025-09-15 | Price change | $895,000 |
| 2025-05-23 | Listed for sale | $925,000 |
| 2012-12-14 | Sold | $189,000 |
| 2012-02-15 | Sold | $215,758 |
For Sale by Agent
View on Zillow