12 Peeler Drive, Asheville, NC 28803

$555,000
4
BD
3
BA
1,661
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$555,000
MLS#
4411996
Status
ACTIVE
Property Type
Residential
Year Built
2001
Price Change
▼ $25,000 1787688826
Days on Market
36
Bedrooms
4
Bathrooms
3
Full Baths
2
Half Baths
1
Lot Size
7,405
Lot Size Area
0.17
Living Area
1,661
Sq Ft Total
1661
County
Buncombe
Subdivision
Twin Springs

Property Description

Location, flexibility, and income potential come together in this versatile Asheville property. Just 4 miles from downtown Asheville, this two-living-space property offers an exciting opportunity for buyers seeking rental income, a guest suite, multigenerational living, or a flexible space to work from home. The main residence offers 1,661 square feet with four bedrooms and 1.5 baths, an updated kitchen, and new flooring in the kitchen and dining areas. Outside, enjoy a low-maintenance composite front deck and rear deck and patio overlooking a lush, private setting. A partially fenced side yard with fruit trees and established landscaping adds to the property's appeal, while a rear storage shed provides convenient additional space. The recently remodeled 808-square-foot lower-level studio apartment is where the income potential really shines. With two exterior entrances, the apartment offers privacy, flexibility, and easy access for tenants, guests, or extended family, making it especially appealing for those looking to generate rental income or create a separate living space. Updates include new flooring, drywall, paint, refrigerator, mini-split, and lighting, along with a full bath and kitchenette, creating a move-in-ready opportunity for generating additional income. Additional home improvements include a 2023 roof replacement, 2025 water heater, French drain, gutter guards, and recently painted exterior. With a desirable Asheville location and two separate living spaces, this property offers options and the potential to offset ownership costs through rental income.

Additional Information

Equipment
Dishwasher, Disposal, Dryer, Dual Flush Toilets, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Exhaust Hood, Refrigerator, Washer/Dryer
Foundation
Basement
Main Level Rooms
Kitchen
Laundry Location
In Hall, Laundry Closet
Heating
Ductless, Heat Pump
Water
City
Sewer
Public Sewer
Exterior Features
Fire Pit
Exterior Construction
Hard Stucco, Vinyl
Roof
Architectural Shingle
Parking
Driveway
Driveway
Concrete, Paved
Lot Description
Orchard(s)
Elementary School
Oakley
Middle School
AC Reynolds
High School
AC Reynolds
Zoning
RS8
Special Conditions
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Howard Hanna Beverly-Hanks Fletcher. lauren.reinhardt@allentate.com

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”