$875,000

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… Read More 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. Read Less

Courtesy of Looking Glass Realty, Connestee Falls 828-884-7355

Listing Snapshot | Source HomeJunction

Days Online

Last Updated

Oct 24, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

2,586

Year Built

2022

MLS Number

4431844

Additional Details | Source HomeJunction

Property Access

Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved

Appliances & Equipment

Gas Oven, Gas Range, Indoor Grill, Microwave, Refrigerator

Basement

Finished

Building

Built in 2022, Living area: 2586, Levels: One, Construction Materials: Hardboard Siding

Cooling

Ceiling Fan(s), Heat Pump

Exterior Features

Patio/Porch Features: Covered, Front Porch, Rear Porch

Fireplaces

Gas Unvented, Living Room

Floors

Tile, Wood

Foundation

Basement

Heating

Heat Pump

Laundry

In Kitchen, Laundry Closet

Parking

2 open parking spaces, Driveway

Property

Elevation: 2000

Roof

Architectural Shingle

Sewer

Public Sewer

Taxes

Additional parcels description:, Parcel Number: 8586-31-2309-000, Assessed Value: $582,200

Utilities

Water Source: City

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