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$550,000 Just Listed
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Property Description
Beautiful opportunity with incredible potential! This ranch-style home sits on a spacious 2.12 acre property in the highly desirable Riceville area and offers multiple possibilities for personal use, rental income, or future development. Per the zoning department, the property may allow subdivision into up to 3 separate lots, and zoning may allow up to 2 units per lot for a potential total of 6 living structures. Buyer to verify all subdivision, zoning, density, and development possibilities with the appropriate authorities. The main home features 3 bedrooms, 2 baths, and a full-length enclosed rear porch spanning back of the home. All 3 bedrooms have direct access to the enclosed porch, which features glass panels and exterior doors providing access outside. Bedrooms are counted with this ingress/egress configuration leading to the enclosed porch, not directly to the exterior. This could be completed by simply removing one of the doors to the porch. Buyer to verify the ingress/egress they desire for these to be bedrooms. The home offers a comfortable ranch layout with great natural light and plenty of space to make your own. Additionally, on the property is an older, very charming singlewide that could be refurbished into an excellent rental, guest home, or additional living space. Seller states there are 2 septic systems on the property. A park model home located on the property is also available for purchase separately for an additional $65,000, or seller will remove it prior to closing. Conveniently located near shopping, restaurants, and local amenities, this unique property offers a rare combination of current usability, rental potential, and future development opportunity. Buyer to verify all information including zoning, subdivision potential, density allowances, septic systems, square footage, and all permitted uses.
Full Property Details
Full Property Details for 20 Reed Rd
General
- Price: $550,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4380460
- Updated: 5/14/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Gas Log, Propane, Gas Log, Propane
- Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator
- Flooring: Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup
Additional Information
- Equipment: Fuel Tank - Owned
Parking
- Parking Features: Driveway
Location
- County: Buncombe
- Driving Directions: From Hendersonville, take US-25 N toward Asheville. Turn right onto Riceville Rd, then turn right onto Reed Rd. Property will be on the left.
School Information
- Elementary School: Charles C Bell
- Middle School: AC Reynolds
- High School: AC Reynolds
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil, Propane
Utilities
- Sewer: Septic Installed
- Water: City
- Utility Description: Cable Available, Electricity Connected
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Partial, Block, Wood
- Roof: Flat
- Main/1st Level: 1,991 Sq. Ft.
- Year Built: 1954
Lot Features
- Street/Road Desc.: Gravel, Paved
Financial Considerations
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Property ID: 9669-77-6816-00000
- Plat: 46
- Lot Number: 1214-223
Listed by Keller Williams Elite Realty
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Schools
Schools serving 20 Reed Rd
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
Charles C Bell Elementary 90 Maple Springs Road, Asheville, NC 28805 | PK-5 | 2.2 mi |
A C Reynolds High One Rocket Drive, Asheville, NC 28803 | 9-12 | 4.9 mi |
A C Reynolds Middle 2 Rocket Drive, Asheville, NC 28803 | 6-8 | 4.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20 Reed Rd
Date
Details
Price
Change
Source
5/13/2026
Listed
$550,000
—
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 Reed Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,223
7%
$270,000
—
2023
$1,140
5%
$270,000
—
2022
$1,088
-5%
$270,000
—
2021
$1,146
3%
$270,000
10%
2020
$1,116
—
$245,500
—
2019
$1,116
-30%
$245,500
—
2018
$1,593
-1%
$245,500
—
2017
$1,615
1%
$245,500
12%
2015
$1,595
—
$220,100
—
2014
$1,595
101%
$220,100
—
2013
$795
—
$220,100
—
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 Reed Rd
20 Reed Road, Asheville, NC 28805 (MLS# 4380460) is a Single Family property with 3 bedrooms and 2 full bathrooms. 20 Reed Road is currently listed for $550,000 and was received on May 13, 2026. Want to learn more about 20 Reed Road? Do you have questions about finding other Single Family real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

