12,20,28,36 Collins Mountain DR, Asheville, NC 28804
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12,20,28,36 Collins Mountain DR, Asheville, NC 28804
12,20,28,36 Collins Mountain DR, Asheville, NC 28804
12,20,28,36 Collins Mountain DR, Asheville, NC 28804
12,20,28,36 Collins Mountain DR, Asheville, NC 28804
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Sheila St Germain

Sheila St Germain

+1(704) 438-8339
$ 2,150,000
Est. payment /mo
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12, 20, 28, 36 Collins Mountain DR Asheville, NC 28804

5,200 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $413

MLS Listing ID 4433391

Construction Status Completed

HOA Fees $50/mo

HOA Y/N 1

Abv Grd Liv Area 3,739

Year Built 1972

Lot Size 0.850 Acres

Acres 0.85

Property Sub-Type Portfolio

Property Description

Rare opportunity to acquire an established, income-producing four-property rental portfolio approximately 14 minutes from downtown Asheville! The Collins Mountain portfolio includes 20, 12, 28, and 36 Collins Mountain Drive, offering investors a diversified rental operation with three grandfathered STR permits, one established medium-term rental, documented rental performance, and multiple booking configurations.

20 Collins Mountain Drive ("The Move") serves as the portfolio's primary rental attraction, featuring a resort-style outdoor entertainment area with a swimming pool, hot tub, sauna, and fire pit. Neighboring 12 Collins Mountain Drive ("Side Quest") offers a separate guest retreat with its own private hot tub. Both properties operate independently and together through the established "Big Moves" Airbnb listing, allowing investors to accommodate different group sizes and maximize booking opportunities.

36 Collins Mountain Drive adds another permitted STR featuring a private hot tub and sauna, while 28 Collins Mountain Drive ("Hilltop Cabin") operates as a furnished medium-term rental, providing an additional income stream and diversification beyond traditional vacation bookings.

Across all four properties, investors benefit from a swimming pool, three hot tubs, two saunas, and multiple guest experiences designed to attract different rental demographics. Furnishings convey, and continued third-party property management is available under a new agreement. Seller-reported improvements include roofing and HVAC updates. With established rental history, multiple income streams, and proximity to downtown Asheville, this portfolio presents an opportunity to acquire an operating rental business with potential for continued revenue optimization. Detailed financials and offering memorandum available upon request.

Location

State NC

County Buncombe

Zoning R-10

Rooms

Basement Finished

Interior

Interior Features Hot Tub, Sauna

Heating Ductless

Cooling Ductless

Fireplaces Type Other - See Remarks

Fireplace true

Appliance Dishwasher, Dryer, Indoor Grill, Microwave, Oven, Refrigerator, Washer, Washer/Dryer

Laundry Laundry Room

Exterior

Exterior Feature Fire Pit, Hot Tub

Pool In Ground

Street Surface Asphalt,Gravel,Paved

Porch Front Porch

Garage false

Building

Dwelling Type Site Built

Foundation Basement, Slab

Sewer Septic Installed

Water Shared Well

Structure Type Brick Partial,Fiber Cement,Wood

New Construction false

Construction Status Completed

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed No

HOA Name Collins Mountain Owners Association Inc.

Senior Community false

Restrictions Short Term Rental Allowed

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Coon • EXP Realty LLC • tyler@savvy.realty

Nearby Locations

Sheila St Germain
Sheila St Germain

Broker | Realtor | Team Lead License ID: 277315

+1(704) 438-8339 | sheila.stgermain@exprealty.com

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12,20,28,36 Collins Mountain DR