120 Biltmore Avenue, Unit 408Asheville, NC 28801Price: $720,000

Residence 408 at MK on Biltmore Avenue is a one-bedroom, one-bath home on the southeast corner of the fourth floor, with 822 square feet inside and a 116-square-foot private balcony. From the top of the building's short-term rental floors, its corner position brings in morning light from two sides and gives wider views over Biltmore Avenue and the South Slope. The open plan joins the kitchen, dining and living areas into one bright space, and the bedroom has its own bath. The residence is approved for short-term rentals, so it works equally well as a downtown pied-a-terre or a fully legal income property in the center of Asheville. This residence is under contract. MK on Biltmore Avenue is a new six-story building at 120 Biltmore Avenue with 44 residences, in the heart of downtown Asheville. Floors one through four have full short-term rental authorization, one of the last opportunities of its kind downtown. The building will have an on-site restaurant and retail space, a lobby concierge, deeded parking and EV charging, and it is steps from the South Slope breweries, the Orange Peel and the city's best dining. Completion is scheduled for fall 2028.