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$4,000,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 2 Partial Baths
  • Updated 2 hours ago
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Possible Seller Financing . Historic Weaverville Milling Company. Circa 1914 ... Rare Opportunity.....150+ year old Grist Mill / former 150 seat Restaurant includes house and cottage, on 5.25 acres, with a private oasis along 1,000 ft. of bold Reems Creek waterway. Property is ocated in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential.

Full Property Details for 1 Old Mill Ln

General

  • Price: $4,000,000
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4410367
  • Updated: Today (8/1/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Fireplace(s): Outside, Outside
  • Appliances: Other

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Upper 3 - Full Baths: 1
  • Main - Full Baths: 3
  • Main - 1/2 Baths: 2

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Main & Up: 4

Other Rooms

  • Laundry: Electric Dryer Hookup, Main Level

Parking

  • Parking Features: Parking Lot, Other - See Remarks

Location

  • County: Buncombe
  • Driving Directions: 26 North from Asheville to exit 21 New Stock Road rt off exit ;left on Asheville HEWY 25 to rt on ReemsmCreek Road to subject property on right behind convenience store approx 1.2 mile off S. Main Street

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Natural Gas, Phone Connected

Structural Information

  • Construction: Site Built
  • Exterior Const.: Wood
  • Basement: Yes
  • Basement Desc.: Basement Shop, Partially Finished, Walk-Out Access, Other
  • Roof: Metal
  • Entry Floor Number: 1
  • Upper: 2,200 Sq. Ft.
  • Main/1st Level: 6,800 Sq. Ft.
  • Year Built: 1914

Lot Features

  • Street/Road Desc.: Gravel
  • Lot Features: Creek Front, Cul-De-Sac
  • Rcmdd Zoning: EMP

Financial Considerations

  • Terms: Cash, Owner Financing

Disclosures and Reports

  • Restrictions: Other - See Remarks
  • Property ID: 9742-13-7098
  • Lot Number: 1255 / 338

Listed by Estate Realty

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— 1 Old Mill Ln —

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NMLS#: 1598647

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Schools serving 1 Old Mill Ln

School District:Buncombe County Schools
NameGradesDistance
Weaverville Elementary
129 South Main Street, Weaverville, NC 28787
2-40.4 mi
Weaverville Primary
39 South Main Street, Weaverville, NC 28787
PK-10.7 mi
North Buncombe High
890 Clarks Chapel Road, Weaverville, NC 28787
9-123.8 mi
North Buncombe Middle
51 North Buncombe School Road, Weaverville, NC 28787
7-82.2 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 1 Old Mill Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/01/2026
Listed
$4,000,000
700%
MLS
2/02/2024
Sold
$500,000
—
Public Record
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 1 Old Mill Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$377,800
4%
2023
$2,208
2%
$364,500
—
2022
$2,171
—
$364,500
—
2021
$2,171
9%
$364,500
18%
2020
$1,996
—
$307,600
—
2019
$1,996
—
$307,600
—
2018
$1,996
—
$307,600
—
2017
$2,002
14%
$307,600
25%
2015
$1,755
—
$245,100
—
2014
$1,755
—
$245,100
—
2013
$1,755
—
$245,100
—
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.

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

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1 Old Mill Lane, Weaverville, NC 28787 (MLS# 4410367) is a Single Family property with 5 bedrooms, 4 full bathrooms and 2 partial bathrooms. 1 Old Mill Lane is currently listed for $4,000,000 and was received on August 01, 2026. Want to learn more about 1 Old Mill Lane? Do you have questions about finding other Single Family real estate for sale in Weaverville? You can browse all Weaverville real estate or contact a Coldwell Banker agent to request more information.

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