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12 S Lexington Ave Unit 402, Asheville, NC, 28801

1beds
1baths
633sqft
$575,000
$908price/sqft
$3,794/moest. monthly cost
$151,760/yrincome needed

About This Home

Experience contemporary urban living in this stylish one-bedroom, one-bath condominium offering 633 square feet in the iconic 12 S Lexington Avenue building, in the heart of downtown Asheville. Completed in 2006, this modern five-story building blends sleek design with the vibrant energy of city life, placing you near Asheville’s renowned restaurants, boutiques, galleries and cultural attractions. Welcome to Residence 402 at Lexington, an elevated downtown retreat showcasing refined finishes and captivating city and mountain views. The thoughtfully designed open layout maximizes natural light and ambiance while delivering exceptional comfort and functionality. Upscale features include slate flooring, double-wall insulation for enhanced energy efficiency, a denatured fuel fireplace for warmth and atmosphere, and a spa-inspired bath with a smart bidet toilet. The open-concept kitchen features Polyform cabinetry throughout, including a sleek Snaidero kitchen, and is appointed with luxury appliances such as a Miele mircrowave, Induction cooktop and oven, Fisher Paykel dishwasher, Sub-Zero refrigerator and Sub-Zero wine refrigerator, offering performance and prestige for everyday living or entertaining. Residents enjoy outstanding amenities including a rooftop terrace with sweeping city and mountain views, an outdoor community terrace ideal for gatherings, a shared garden, fenced backyard, private dog walk and dedicated dog green space. Additional conveniences include elevator access, a secure lobby with intercoms, bike storage and secure deeded parking space in the building’s private gated garage. The building is non-smoking and designed for a low-maintenance, high-comfort lifestyle. Surrounded by Asheville’s thriving arts scene, acclaimed dining at Curate and Zambra, nearby parks such as Pritchard Park and Pack Square, and convenient shopping at the French Broad Food Co-Op and beloved local boutiques, this location delivers unmatched walkability and lifestyle appeal. Bike-friendly streets and easy access to Asheville Regional Airport further enhance everyday convenience. HOA fees cover common area maintenance and secure parking. This property offers a rare opportunity to own a refined, amenity-rich downtown residence at one of Asheville’s desirable urban addresses.

Getting Around

92
WalkingWalker's Paradise
54
TransitGood Transit
69
BikeBikeable

Schools

5/10
Isaac Dickson ElementaryGrades PK-50.9 mi
7/10
Asheville MiddleGrades 6-80.7 mi
5/10
Asheville HighGrades PK,9-121.5 mi

Construction

Condition

  • Year built: 2006

Materials

  • Foundation: Other - See Remarks
  • Roof: Rubber
  • Construction materials: Brick Partial,Stucco

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Disposal,Double Oven,Induction Cooktop,Microwave,Refrigerator,Washer/Dryer,None
  • Laundry features: In Bathroom

Basement

  • Basement: Basement Garage Door,Exterior Entry,Interior Entry

Bathroom Full

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Window features: Window Treatments
  • Fireplace features: Living Room,Other - See Remarks
  • Finished area below ground: 0
  • Finished area above ground: 633

Heating & Cooling

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

Interior Area

  • Total structure area: 633
  • Total interior livable area: 633 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 9649402100C0402
  • Zoning: CBD
  • Special condition: Standard

Features

  • Levels: 5 Story or more
  • Entry location: Main
  • Exterior features: Rooftop Terrace
  • Fencing: Back Yard,Fenced
  • Has view: Yes
  • View description: City,Mountain(s)

Lot

  • Features: Green Area,Paved,Views

Parking

  • Total spaces: 1
  • Parking features: Assigned,Garage Door Opener,Garage Faces Side,Parking Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 WaveModerate
  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Ice Storm
Lightning
Strong Wind
Tornado

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 $2,907$34,884
Home Insurance *$120$1,440
Property Taxes $567$6,804
Electricity $200$2,405
Total$3,794$45,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,080/yr
40% on housing$113,820/yr
45% on housing$101,173/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

$908This listing

vs Other Active Listings

Avg $/sqft

ZIP 28801$352
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28801$364
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
2026-02-15Listed for sale$599,000
2025-12-15Listing removed$3,000
2025-07-07Listed for rent$3,000
2025-05-21Listing removed$3,500
2025-03-22Listed for rent$3,500
2024-09-13Listing removed$4,500
2024-08-02Listed for rent$4,500
2024-07-22Listing removed--
2024-07-01Listed for rent$4,500
2024-06-12Listing removed--
2024-05-22Listed for rent$4,500

For Sale by Agent

AgentD'Ann Ford
BrokeragePremier Sotheby’s International Realty

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