(864) 362-2375
$599,000
169 and 171 Cragmont Road, Black Mountain, NC 28711
4Beds
1,516SQFT
1954YearYear Built
About This Home
Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living.
The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility.
Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation.
And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car.
Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.
Location
Key Facts
Status: Active
Type: Residential Income
HOA Fees: $0
MLS: Canopy
MLS #: 4416488
Features
Portfolio
Electric Oven
Electric Range
Refrigerator
Mortgage Calculator
$3,029Estimated monthly payment
Principal & interest only. Estimate for informational purposes — excludes taxes, insurance, and HOA dues.
History
Current list price: $599,000
Status: Active — For Sale
Recent change: Price reduced
Days on market: 47
Last updated: Oct 7, 2026
Schools
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Listing courtesy of Noble & Company Realty
Source MLS #: 4416488
Last updated: Oct 7, 2026
Listing data is provided for consumers' personal, non-commercial use and may not reflect all real-estate activity in the market. Information is deemed reliable but is not guaranteed.