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16 Cottage Dr, Asheville, NC, 28805

1beds
1baths
253sqft
$215,000
$850price/sqft
$1,527/moest. monthly cost
$61,080/yrincome needed

About This Home

Unique opportunity to own a renovated cottage in historic Homeland Park, Asheville’s original tiny home community. Located minutes from the Blue Ridge Parkway, VA Hospital, Downtown Asheville and Black Mountain. This adorable and efficient studio/cottage has an open floor plan featuring a nicely equipped kitchenette, mini-split for heating and cooling, all in one washer/dryer and vinyl plank flooring. Great back deck for relaxing and enjoying the tranquil and beautiful setting. Being sold as a turn-key 30-day rental with most of the furnishings and equipment included. Solid rental income history. Income and expenses available on request. 15 Cottage Drive is also available as part of a package with 16 Cottage Dr. See Multi-Family MLS# 4392051. The Historic Homeland Park Resort was developed in the 1930s and included 65 cabins and cottages where vacationers enjoyed our beautiful mountain setting. Great investment rental, tiny home or Asheville crash pad.

Getting Around

56
WalkingSomewhat Walkable
35
TransitSome Transit
20
BikeSomewhat Bikeable

Schools

5/10
Charles C Bell ElementaryGrades PK-50.2 mi
8/10
A C Reynolds MiddleGrades 6-82.9 mi
8/10
A C Reynolds HighGrades PK,9-122.9 mi

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Crawl Space
  • Roof: Metal
  • Construction materials: Log

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Washer/Dryer
  • Laundry features: In Bathroom

Bathroom Full

  • Level: Main

Bedroom S

  • Features: Ceiling Fan(s),Vaulted Ceiling(s)
  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Dining Area

  • Level: Main

Features

  • Open Floorplan
  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 253

Heating & Cooling

  • Heating features: Ductless
  • Cooling features: Ductless

Interior Area

  • Total structure area: 253
  • Total interior livable area: 253 sqft

Kitchen

  • Level: Main

Property

Details

  • Parcel number: 966816974200000
  • Zoning: RS8
  • Special condition: Subject to Lease

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Deck

Lot

  • Lot size: 0.06 Acres

Parking

  • Parking features: Assigned,On Street
  • Has uncovered spaces: Yes

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Ice Storm
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 $1,087$13,044
Home Insurance *$58$696
Property Taxes $182$2,184
Electricity $200$2,405
Total$1,527$18,324
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,354/yr
40% on housing$45,810/yr
45% on housing$40,720/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

$850This listing

vs Other Active Listings

Avg $/sqft

ZIP 28805$226
Buncombe County$292

vs Homes Sold Last Month

Median $/sqft

ZIP 28805$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
2026-08-13Price change$214,000
2026-06-11Listed for sale$215,000
2025-11-07Listing removed$224,900
2025-07-15Listed for sale$224,900
2024-10-05Listing removed$225,000
2024-08-27Price change$225,000
2024-07-11Price change$235,000
2024-06-06Listed for sale$245,000
2022-10-18Sold$188,000
2021-07-28Sold$90,000
2021-07-08Contingent$125,000
2021-07-03Listed for sale$125,000
2014-10-13Sold$67,000

For Sale by Agent

AgentCarol Marin
BrokerageMosaic Community Lifestyle Realty

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