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Asheville · Asheville, NC

122 College Street #301

Asheville, NC · 2,706 sqft

$1,650,000

  • 3Beds
  • 3.5Baths
  • 2,706SqFt
  • 1917Year
  • 8Days on market

About this home

Downtown Asheville penthouse overlooking Pack Square Park. A rare offering in the heart of downtown Asheville, penthouse 301 occupies the top floor of a historic 1917 building, thoughtfully renovated in 2023, with direct views over Pack Square Park. Spanning 2,706 square feet across two levels, the residence pairs soaring ceilings, reaching approximately 25 feet, with exposed brick, oversized windows, and an open living and kitchen plan, striking a rare balance between architectural volume and the building's original character.

The three-bedroom, three-and-a-half-bath layout is anchored by a 496-square-foot mezzanine, offering flexible space for a media room, home office or additional lounge above the main living area. Above it all, a 389-square-foot private rooftop terrace serves as the residence's defining feature, delivering sweeping views across downtown Asheville to the Blue Ridge Mountains, an unmatched setting for outdoor dining and entertaining, accessed directly from the upper level. Offered fully furnished and turnkey, Penthouse 301 is move-in ready for an owner seeking a primary residence or downtown retreat and carries a proven track record as a furnished 30-plus day rental for those considering an income-producing second home.

The extensive renovation was completed by Beverly-Grant, updating the building's electrical, mechanical, and HVAC systems while carefully preserving its historic character and architectural integrity. The quality and sensitivity of the restoration were recognized in 2024 with a Griffin Award from the Preservation Society of Asheville, honoring outstanding achievement in historic preservation. The result is a rare combination of century-old architecture, thoughtful craftsmanship and modern infrastructure.

Near Asheville's finest restaurants, galleries, boutiques, live music and cultural landmarks, this penthouse offers an exceptional convergence of space, historic architecture, panoramic views and private outdoor living in one of downtown Asheville's most recognizable addresses.

Property details

Beds
3
Baths
3.5
SqFt
2,706
Lot
Year built
1917
Type
Condo
Days on market
8
Style
Other
Heating
Ductless, Heat Pump
Cooling
Ceiling Fan(s), Ductless, Heat Pump
Foundation
Basement
Flooring
Hardwood, Tile
View
City, Mountain(s), Year Round
HOA dues
$180 / mo

Features

  • Entrance Foyer
  • Kitchen Island
  • Open Floorplan
  • Wet Bar
  • Rooftop Terrace

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance, HOA

$12,117/ month

Principal & interest
$10,218
Property tax (~0.90%)
$1,237
Homeowners insurance
$481
HOA dues
$180

Down payment

$82,500 down · $1,567,500 financed

Income to qualify (28% rule)

~$519,329 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.