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  • $345,000

    720 Reed St, Asheville, NC 28803

    3beds
    1,088sqft
    Single Family Residence
    Built in 1962
    0.11 Acres Lot
    $343,800 Zestimate®
    $317/sqft
    $2,028 Estimated rent

    Home value

    $343,800

    $327,000 - $361,000

    $2,028/mo

    Zestimate® history
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    $2,028/mo

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    $2,028/mo

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    $1,906/mo

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    $1,906/mo

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    What's special

    Exceptional Live/Work Opportunity with Built-In Value Add in Highway Business Zoning. Some properties simply exist and then there are the ones that feel like they’re already humming with possibility the moment you pull in. This South Asheville gem is the latter: a rare blend of flexibility, function, and future potential that invites you to imagine not just how you’ll live here, but how you’ll grow here. Zoned Highway Business (HB), it’s a truly versatile find for business owners, investors, or anyone seeking a dynamic live/work lifestyle. With multiple entrances, two separate parking areas, and a thoughtfully segmented layout, it’s built for dual use without compromising comfort. You’re greeted by fresh paint and new double-pane vinyl windows, offering both efficiency and a crisp, updated feel. The kitchen, refreshed within the past decade, features modern cabinetry, generous storage, and an intuitive flow into the main living and dining spaces. Warm, bright, and welcoming in that quietly confident way. Just beyond, an unexpected twist in the floorplan reveals a private wing with its own exterior access. A home office tucked away for focus, a workspace, an art studio where ideas take shape, or a mini suite for a small business seeking visibility and convenience. Here, the line between home and work doesn’t blur, it becomes beautifully intentional. Downstairs, the unfinished walkout basement, already plumbed for a full bathroom, offers the kind of value-add that savvy buyers dream about. Imagine expanding your living space, creating a rental unit, or building out a dedicated business zone with easy access. It’s potential in its purest form. Whether you picture a boutique office that draws in passerby, a creative studio bathed in natural light, or an income-producing setup that supports your long-term goals, this property stands ready. With modern updates, a highly functional layout, and rare commercial zoning, it offers more than a place to land, it offers a canvas for your next chapter.

    Zillow last checked: 8 hours ago

    Listing updated: December 18, 2025 at 12:32pm

    Listing Provided by:

    Alexandra Schrank brokeralexandra@gmail.com,

    RE/MAX Executive

    Bought with:

    Sharon Sweeney

    Walnut Cove Realty/Allen Tate/Beverly-Hanks

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4320921MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 3
    Primary bedroom
    • Level: Main
    Heating
    • Electric, Heat Pump
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Refrigerator
    • Laundry: In Basement, Lower Level, Washer Hookup
    Features
    • Kitchen Island, Open Floorplan, Storage
    • Flooring: Tile, Wood
    • Doors: Sliding Doors
    • Basement: Exterior Entry,Interior Entry,Storage Space,Unfinished,Walk-Out Access,Walk-Up Access
    Interior area
    • Total structure area: 1,088
    • Total interior livable area: 1,088 sqft
    • Finished area above ground: 1,088
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway, On Street, Parking Space(s)
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Fencing: Back Yard,Fenced,Privacy
    Lot
    • Size: 0.11 Acres
    • Features: Level
    Details
    • Parcel number: 964784418000000
    • Zoning: HB
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City
    • Utilities for property: Cable Available, Electricity Connected

    Community & neighborhood

    Location
    • Region: Asheville
    • Subdivision: Gay Green

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Gravel, Paved

    Price history

    DateEventPrice
    12/18/2025Sold$345,000+3%$317/sqft
    Source: Canopy MLS as distributed by MLS GRID #4320921 Report a problem
    11/17/2025Listed for sale$335,000+137.6%$308/sqft
    Source: Canopy MLS as distributed by MLS GRID #4320921 Report a problem
    9/11/2015Sold$141,000+0.7%$130/sqft
    Source: Canopy MLS as distributed by MLS GRID #NCM587054 Report a problem
    6/15/2015Listed for sale$140,000-6.6%$129/sqft
    Source: Town and Mountain Realty #587054 Report a problem
    5/1/2009Listing removed$149,900$138/sqft
    Source: Listhub #428373 Report a problem

    Public tax history

    Tax history is unavailable.

    Find assessor info on the county website

    Neighborhood: 28803

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Estes/Koontz
    • Middle: Valley Springs
    • High: T.C. Roberson

    Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $343,800