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$298,000

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1 Car Garage
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Discover turnkey living in this beautifully updated, end unit condo in Covington Crossing! Located in a highly desirable area of South Asheville, you'll be centrally located to vibrant downtown Asheville and Hendersonville without city taxes. This spacious 3-bedroom, 2.5 bath condo is tucked away at the end of a cul-de-sac and has a large, green-space area adjacent to it. Enjoy peaceful mornings with a cup of coffee on your back patio or cozy evenings with a book in front of your gas fireplace. Relax as the HOA takes care of all exterior grounds and building maintenance. This property is an easy lock and go second home or would make an excellent investment property for long-term rentals. The interior has been updated to include fresh paint, ceiling fans, lighting fixtures, electric garage door opener, stainless steel appliances and new carpet throughout. Excellent location convenient to the Asheville Airport, WNC Ag Center, Biltmore Park Town Square, shopping and restaurants.

Full Property Details for 506 Olde Covington Way

General

  • Price: $298,000
  • HOA FEE: $213/month
  • Status: Active
  • Type: Condo
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4314368
  • Updated: 12/23/2025
  • Added to Site: 52 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): Family Room, Gas, Family Room, Gas
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
  • Flooring: Carpet, Linoleum

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper - Full Baths: 2
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Upper: 3

Other Rooms

  • Laundry: Laundry Room, Main Level

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Driveway, Attached Garage, Garage Door Opener

Location

  • County: Buncombe
  • Subdivision: Covington Crossing
  • Driving Directions: From I-26 to Airport Road exit, left on Airport Rd, cross over 25 (Hendersonville Rd) onto 25A (Sweeten Creek) and take first right on Pensacola Ave, take immediate right on Christ School Road then .04 to right on Baldwin Rd and another .04 to right into Covington Crossing on Olde Covington Way. .03 to condos on right.

School Information

  • Elementary School: Glen Arden/Koontz
  • Middle School: Cane Creek
  • High School: T.C. Roberson

Community

  • Assoc. Name: Baldwin Real Estate
  • Pets Allowed: Yes
  • Pets: Yes

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: City
  • Utility Description: Cable Available, Electricity Connected, Natural Gas, Underground Utilities

Structural Information

  • Construction: Site Built
  • Exterior Const.: Vinyl
  • Roof: Architectural Shingle
  • Entry Floor Number: 1
  • Upper: 550 Sq. Ft.
  • Main/1st Level: 810 Sq. Ft.
  • Year Built: 2002

Lot Features

  • Street/Road Desc.: Asphalt, Paved
  • Lot Features: Cul-De-Sac, Level

Financial Considerations

  • Association Fee: $213
  • Assoc Fee Freq.: Monthly
  • Other Assoc Fees: $157
  • Other Fee Freq.: Annually
  • Terms: Cash, Conventional

Disclosures and Reports

  • Restrictions: Subdivision
  • Property ID: 9653-77-8695-CE506
  • Plat: 0086-0152
  • Lot Number: 5939-1487

Listed by Two Trails LLC

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Listing agent

— 506 Olde Covington Way —

  • Two Trails LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 Olde Covington Way

School District:Buncombe County Schools
NameGradesDistance
Glen Arden Elementary
50 Pinehurst Circle, Arden, NC 28704
PK-41.3 mi
T C Roberson High
250 Overlook Road, Asheville, NC 28803
9-123.1 mi
Koontz Intermediate School
305 Overlook Road, Asheville, NC 28803
5-63.2 mi
Cane Creek Middle
570 Lower Brush Creek Road, Fletcher, NC 28732
7-84.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Olde Covington Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/23/2025
Price Reduced
$298,000
-1.97%
MLS
11/25/2025
Listed
$304,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 Olde Covington Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,086
9%
$167,500
—
2023
$998
2%
$167,500
—
2022
$982
—
$167,500
—
2021
$982
16%
$167,500
25%
2020
$844
—
$134,000
—
2019
$844
—
$134,000
—
2018
$844
—
$134,000
—
2017
$844
1%
$134,000
11%
2015
$836
—
$120,300
—
2014
$836
—
$120,300
—
2013
$836
—
$120,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 506 Olde Covington Way

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Two Trails LLC

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506 Olde Covington Way, Arden, NC 28704 (MLS# 4314368) is a Condo property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 506 Olde Covington Way is currently listed for $298,000 and was received on November 25, 2025. Want to learn more about 506 Olde Covington Way? Do you have questions about finding other Condo real estate for sale in Arden? You can browse all Arden real estate or contact a Coldwell Banker agent to request more information.

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