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$139,000 -$7,000 (-4.79%) Price Reduced
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Property Description
This is a rare opportunity to secure the last of three premium plots in the center of Asheville's Oakley neighborhood - a walkable community steeped in local history. The land and street carry the name of their original owner, L. L. Merchant, known for constructing Asheville's tallest Gothic Revival building, The Jackson, in 1924. Designed with two anti-erosion terraces and a newly constructed rear retaining wall, this primed parcel is ready for your architectural vision. Direct connections are in place for natural gas, electricity, cable, city recycling, hydrant access, public works, and dedicated frontage for a city-installed sidewalk, meaning you can break ground without delay. In addition to the infrastructure, the land is already alive. Mature ten-year-old fruit trees - including Asian plum, apricot, and muscadine vine - produce thousands of pieces of fruit each season, making this not just a lot, but an urban orchard. The RS8 zoning unlocks extraordinary building potential that sets this lot apart from virtually anything else on the Asheville market. At 2,100 feet elevation with unrestricted views, a primary structure can rise to a full 40 feet - tall enough for a rooftop deck to capture panoramic views of Asheville's iconic mountain sunsets over Mount Pisgah and the Blue Ridge. Better still, modern zoning also permits a separate Accessory Dwelling Unit (ADU) up to 25 feet tall, allowing an 800-square-foot guest house - flexibility that dramatically amplifies the investment value. A perfect location seals the case. Just one mile from Biltmore Village, Whole Foods, and Asheville Mall, and a five-minute walk to Oakley Park's tennis and pickleball courts, the public library, and Oakley Elementary - and only one minute from the fire and police departments - 20 Merchant Street places you in one of the city's most convenient and community-rooted neighborhoods. Contact me today and let's make your dream home a reality.
Full Property Details
Full Property Details for 20 Merchant St
General
- Price: $139,000
- Status: Active
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4309679
- Updated: 3/6/2026
- Added to Site: 151 day(s) ago
Location
- County: Buncombe
- Subdivision: Oakley
- Driving Directions: 240 E to Exit 8 - Right on Fairview Rd. Left on Merchant St. to #20 on Left.
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Natural Gas
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Wooded
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Restrictions: No Representation
- Property ID: 9657-39-9073-00000
- Lot Number: 4661/0729
Listed by Town and Mountain Realty
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Schools
Schools serving 20 Merchant St
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
Oakley Elementary 753 Fairview Road, Asheville, NC 28803 | PK-5 | 0.3 mi |
A C Reynolds High One Rocket Drive, Asheville, NC 28803 | 9-12 | 2.6 mi |
A C Reynolds Middle 2 Rocket Drive, Asheville, NC 28803 | 6-8 | 2.7 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 20 Merchant St
Date
Details
Price
Change
Source
3/06/2026
Price Reduced
$139,000
-4.79%
MLS
10/09/2025
Listed
$146,000
—
MLS
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
Tax History for 20 Merchant St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$625
10%
$63,200
—
2023
$569
1%
$63,200
—
2022
$563
—
$63,200
—
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
Estimate the Cost for 20 Merchant St
20 Merchant Street, Asheville, NC 28803 (MLS# 4309679) is a Lots/Land property with a lot size of acres. 20 Merchant Street is currently listed for $139,000 and was received on October 09, 2025. Want to learn more about 20 Merchant Street? Do you have questions about finding other Lots/Land real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

