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Grace Multifamily Home for Sale

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    $375,000

    • 3 Beds
    • 2 Baths
    • 1,532 Sq Ft

    55 Lookout Dr, Asheville, NC 28804

    Bona fide potential for value-add investors or buyers seeking rental income. The home features two levels with separate entrances—each with its own kitchen and bath—making it ideal for a duplex-style setup, house-hack, or full renovation into a single-family home.Some needed repairs were identified upon inspection, and the pricing reflects that. This isn't a cosmetic refresh—it’s a solid

    Michelle Jernigan NextHome Partners

    55 Lookout Dr, Asheville, NC 28804

Why Live in Grace

Grace, a serene suburb in northern Asheville, sits at the base of the tallest mountains in Appalachia, offering residents scenic views of the Blue Ridge and Black Mountains. This neighborhood features a diverse collection of home styles, including historic Craftsman, foursquare, colonial revival, midcentury ranchers, bungalows, Cape Cods, and Tudors. The area is known for its mature trees and colorful wildflowers, providing a sense of privacy and seclusion. Grace has seen little new construction, with many homeowners remaining in the community for years. Local students benefit from the highly rated Asheville City School System, with Asheville Middle School and Asheville High School both receiving high marks. The University of North Carolina’s Asheville Campus is just one mile south, offering higher education and Division 1 athletics. Grace offers numerous outdoor activities, such as exploring trails at Lakeview Park, canoeing on Beaver Lake, and birdwatching at the Beaver Lake Bird Sanctuary. Golf enthusiasts can enjoy the Country Club of Asheville's 18-hole course. The Blue Ridge Parkway, easily accessible from Grace, provides a scenic drive through the mountains. Merrimon Avenue, the neighborhood's main commercial corridor, is lined with shops and restaurants, including 828 Family Pizzeria, Rye Knot, and The Hop Ice Cream Café. For groceries, residents have options like Ingles Market and The Fresh Market. The North Asheville Tailgate Market offers locally sourced goods and organic produce every Saturday. Grace is conveniently located 3 miles from downtown Asheville, with two bus routes running along Merrimon Avenue for easy commutes. Interstate 26 and Interstate 240 provide direct routes to Asheville Regional Airport, 17 miles away. The neighborhood's crime rate is lower than the national average, contributing to its appeal for long-term residents.

Home Trends in Grace, NC

Housing Trends

Median Sale Price
$715,000
Median Single Family Sale Price
$680,000
Median 2 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$392
Number of Homes for Sale
6
Last 12 months Home Sales
10
Months of Supply
7.20
Median List Price
$775,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-16%
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