1 Old Mill Lane Weaverville, NC $ 3,750,000
1 Old Mill Lane
$ 3,750,000
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1 Old Mill Lane

Weaverville, NC, 28787
$ 3,750,000
Bedrooms5 Baths4.2 Sq 9,675

Monthly Estimate*

$ 25,900

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Single Family Home for sale in Weaverville, NC

for $3,750,000 with 5 bedrooms and 4 full baths, 2 half baths. This 9,675 square foot home was built in 1914 on a lot size of 5.25.

Historic Weaverville Milling Company Circa 1914 Rare Opportunity to owne this former Grist and Woven Mill, House and Cottage on 5 Acres with 1,000 ft. of Bold Creek Frontage. The former 200 seat Restaurant closed in 2011. Just 10 minute North of Downtown Asheville and 5 minutes to Downtown Weaverville shopping and restaurants. Property is located in the County for lower taxes & only 10 min. to Downtown Asheville. Ideal for Private Club, Event Space or Restaurant.... The Mill is over 7,000 sq.ft. + 1,400 sq ft covered patio. The Old Mill building has strong local history. Old house (1940s) remodeled w 3 bed /2 bath , and rear deck, large unfinished lower level daylight basement. Old Cottage remodeled w 1 bed and 1 bath , kitchenette approx. 600 SQ Ft with 300 sq ft rear deck. Zoning allows short term rental and mixed use commercial. 1 Old Mill lane lot zoned EMP, 9 Old Mill lane zoned R-3. Not in Weaverville City limits. Property has City Water, Sewer & Natural Gas. Property has flood plain but structures stand up high on land and not impacted during Hurricane Helene. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Some photos enhanced with AI to show update potential and residential potential. Property has multiple potential uses. Very rare private peaceful sanctuary along the bold waterway. Any photos enhanced with AI are labeled individually including staging for residential conversion of Mill space.

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Single Family Active

Price

$ 3,750,000

Bedrooms

5

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

5.25

Year Built

1914

Town/City

Weaverville

County/Region

Buncombe

MLS | Web ID

4410367

Features
General
Living Area 9675
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling None
Utilities Cable Connected Natural Gas Phone Connected
Roof Metal
Appliances Other
Zoning EMP
Patio/Porch Features Covered Front Porch
Construction Materials Wood
Pets Allowed No
Year Built 1914
Levels One
Property Subtype Single Family Residence
Parcel Number 9742-13-7098
Waterfront Features Other - See Remarks
Additional Parcels Description 9742-22-1726 R-3
County Buncombe
New Construction N
Property Type Residential
HOA N
Subdivision Name none
Garage Y/N N
Other Structures Other - See Remarks
Full Baths 4
Directions 26 North from Asheville to exit 21 New Stock Road rt off exit ;left on Asheville HEWY 25 to rt on ReemsmCreek Road to subject property on right behind convenience store approx 1.2 mile off S. Main St
High School Unspecified
City Weaverville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N Y
Standard Status Active
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 999999
Listing Terms Cash Owner Financing
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Interior
Basement Basement Shop Partially Finished Walk-Out Access Other
Fireplace Features Outside
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 9675
Half Baths 2
Laundry Features Electric Dryer Hookup Main Level
Total Bedrooms 5
Below Grade Finished Area 0
Entry Level 1
Total Baths 6
SqFt Main 6800
SqFt Lower 0
SqFt Upper 2200
Bedroom 4
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Exterior
Parking Features Parking Lot Other - See Remarks
Lot Features Creek Front Cul-De-Sac
Water Source Public
Lot Size Area 5.25
Foundation Details Basement
Road Surface Type Gravel
Road Responsibility Other - See Remarks
Main Level Garage YN N
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Internal Only
Street Number 1 1
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* Excluded Features
List By
Estate Realty

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$25,900
Per Month
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Monthly Principal & Interest
$25,900
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
8/29/2026$3,750,000 -6.25% Price Down
8/1/2026$4,000,000 Listed Price

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1 Old Mill Lane, Weaverville, NC, 28787 is a Single Family Home for sale at $3,750,000 with 9,675 sqft and a lot size of 5.25. 1 Old Mill Lane has 5 bedrooms, 4.2 baths, and was built in 1914. The property's zip code is 28787 which is in Weaverville, NC