131 Mills Avenue
Brevard, NC, 28712 $ 875,000
Bedrooms3 Baths3.0 Sq 2,586 Monthly Estimate*
$ 6,043
for $875,000 with 3 bedrooms and 3 full baths. This 2,586 square foot home was built in 2022 on a lot size of 0.2.
Live in it, rent it, or both. 131 Mills Avenue is a fully furnished, turnkey home in the heart of downtown Brevard. It comes with everything you need to start hosting guests tomorrow, or to move in with nothing but your bike. It works as a personal mountain retreat, a ready-to-operate short-term rental, or a mix of the two. Downtown shops, restaurants, and galleries are a short walk away, and Pisgah National Forest is just minutes from the door. A rare grandfathered rental. New short-term rentals are restricted in Brevard's downtown residential zoning areas, but this home is grandfathered in as an existing short-term rental. That makes it one of the few ways to own a rental-ready home in walking distance of downtown, and it adds significant value whether you rent it full time, part time, or simply want to keep the option open. This modern 3-bedroom, 3-bath home is built for gathering. It has two separate living areas, so there's room to spread out. The open main level combines the kitchen, dining area, and living room, which has a gas fireplace. Off the main level, the upper deck is set up for grilling and meals outside in the mountain air. The lower level adds two bonus rooms, a second living area with a wet bar, a private hot tub, and a game area with foosball and air hockey. There are seven TVs throughout the home. The backyard sets this property apart. A level, usable yard is rare this close to downtown, and this one is ready for cornhole, cookouts, and evenings outside. A bike cleaning station in the front yard serves riders headed to Brevard's well-known trails. Future plans for the Brevard bike path may route it along the rear of the property, connecting toward the Ecusta Trail. That is possible but not guaranteed, and buyers should verify. Three ways to own it: Personal retreat. A move-in-ready home or second home with walkable downtown living and mountain recreation close by. Short-term rental. An established, operating rental with a proven guest following. Nightly rates have increased each year and occupancy continues to strengthen. Hybrid. Block off the weeks you want to enjoy it yourself, and let rental income help carry the property the rest of the year. Two-property opportunity. The nearly identical home next door at 121 Mills Avenue, also an operating short-term rental, is available for purchase as well. Together they offer a family compound, side-by-side units for larger groups, or a stronger combined portfolio. Financials are available to qualified buyers upon request. Buyers should verify all information, including short-term rental regulations and the transfer of rental status, with the City of Brevard.
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FeaturesGeneralLiving Area 2586
Sewer Public Sewer
Heating Heat Pump
Cooling Ceiling Fan(s) Heat Pump
Roof Architectural Shingle
Appliances Gas Oven Gas Range Indoor Grill Microwave Refrigerator
Garage Spaces 0
Patio/Porch Features Covered Front Porch Rear Porch
Architectural Style Bungalow
Construction Materials Hardboard Siding
Year Built 2022
Levels One
Property Subtype Single Family Residence
Parcel Number 8586-31-2309-000
Elevation 2000
County Transylvania
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N N
Full Baths 3
Directions From Downtown Brevard take Main St. West to a left on Mills Ave. 131 Mills Ave will be on your left.
High School Unspecified
City Brevard
Senior Community Y/N N
Open Parking Spaces 2
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 582200
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InteriorBasement Finished
Flooring Tile Wood
Fireplace Features Gas Unvented Living Room
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1398
Half Baths 0
Laundry Features In Kitchen Laundry Closet
Total Bedrooms 3
Below Grade Finished Area 1188
Total Baths 3
SqFt Main 1398
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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ExteriorParking Features Driveway
Water Source City
Lot Size Area 0.2
Foundation Details Basement
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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* Excluded FeaturesList ByLooking Glass Realty, Connestee FallsBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,043
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbySingle family listings in Brevard, NC
Average List Price $828,459
Percent of Sale Price 5%
About Brevard, NC 7,914 Population
14% Since 2002
$ 40,469 Median Income
41.35 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/9/2026 | $875,000 | | Listed Price |