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    450 Lakey Gap Rd Black Mountain, NC 28711

    For Sale
    $734,450

    MULTI_FAMILY - Black Mountain, NC

    Lot size:
    0.98 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 450 Lakey Gap Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    2
    APN
    0619-42-5542-00000
    Parking features
    Driveway
    Pets allowed
    Yes
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Oven, Refrigerator, Washer, Washer/Dryer
    Lot size
    0.98 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    2018
    Number of units
    2
    Building materials
    Metal
    Roof type
    Metal

    GreyBeard Realty (828) 669-1072 [email protected]

    Listing agent Sunday Grant (828) 231-3849

    Listing date Oct 31, 2025

    MLS# 4294996 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Black Mountain Income-Producing Property

    Located minutes from downtown Black Mountain, this property at 450 Lakey Gap Rd offers a mountain setting. Situated on nearly an acre, the property features a tiny home and a separate cottage, each designed for privacy. Currently operating as a vacation rental, the property is set up for immediate income. Both homes feature a modern design with thoughtful touches. The property includes a screened-in gazebo, an outdoor shower, and a firepit area. There is space for gardening or expansion. This property offers flexibility and comfort.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Black Mountain
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.31585788
    Latitude
    35.60763544

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    FAQs

    What type of property is this?
    Single family property - Modern tiny home and cottage on nearly an acre.
    Where is this single family property located?
    The property is located at 450 Lakey Gap Rd Black Mountain, NC.
    What is the asking price?
    The asking price for this property is $734,450.
    What are key features of this property?
    This property features: - Income-producing property currently operating as a successful vacation rental.; - Two separate dwellings: a stylish tiny home and a small cottage, each with privacy.; - Located minutes from downtown Black Mountain in a peaceful, secluded mountain setting on nearly an acre.
    (828) 231-3849
    Request Owner's contact information
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    Black Mountain, NC 28711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    450 Lakey Gap Rd Black Mountain, NC 28711
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