Closed

5 Magnolia Farms Drive

Asheville, NC 28806

Closed Closed Jun 2, 2026 Listing ID CAR 294964103

$807,500

$203/Sq Ft

Sold

3 bd · 3 ba · 3,987 sqft · $203/sqft

3 Beds

3 Baths

3,987 Sq Ft

$203/Sq Ft

2016 Built

.62 acres Single Family Residence Magnolia Farms Listed Feb 6, 2026 Updated Jun 2, 2026 HOA $360/yr

HOA & Association

Dues$360/yrMonthly≈ $30/mo

About This Home

Wake up to mountain views and end the day with unforgettable sunsets in this beautifully designed home, set in a desirable upscale neighborhood just minutes from downtown Asheville. The main level is open and inviting, with living and dining spaces that feel equally suited for quiet mornings and easy entertaining. A see-through fireplace opens to the back porch, creating a natural flow between indoor comfort and outdoor living.

The kitchen sits at the center of the home and connects effortlessly to the main living areas, making it easy to stay connected whether you are cooking, hosting, or simply enjoying the space. Three bedrooms are located on the main level, including a primary suite that opens to the back porch and offers a peaceful retreat with a spacious walk-in closet and a tiled bath with a soaker tub.

The finished lower level expands how the home lives day to day. A private home gym with sauna and cold plunge creates a true wellness space, while a third full bath and two additional finished rooms offer flexibility for work, guests, or creative pursuits. This level allows the home to adapt easily to changing needs and lifestyles.

Owned solar panels support energy efficiency and long-term savings, while the yard provides room to relax, play, or gather outdoors. An oversized garage and the convenience of being just minutes to downtown Asheville round out a home designed for both comfort and balance.

Property history

Jun 2, 2026

Sold $815,000 Closed

Listed $815,000 · Feb 6, 2026 116 days on market
Jun 2, 2026

Sold $807,500 Closed

Listed $815,000 · Feb 6, 2026 116 days on market
May 1, 2026

Went pending $815,000 Pending

Active -> Pending
Apr 23, 2026

Price reduced $815,000 Active

Was $850,000
Apr 23, 2026

Price reduced $815,000 Closed

Was $850,000
Mar 19, 2026

Price reduced $850,000 Active

Was $875,000
Feb 6, 2026

Back on market $875,000 Active

Coming Soon -> Active
Feb 6, 2026

Previously listed $815,000 Closed
Feb 1, 2018

Sold $465,000 Closed

Listed $475,000 · Oct 13, 2017 111 days on market
Nov 14, 2017

Price reduced $475,000 Closed

Was $525,000
Oct 13, 2017

Previously listed $475,000 Closed

Property Details

Interior Details

Heating: Ductless
Heat Pump
Flooring: Tile
Wood
Sqftmain: 2087
Roomcount: 13
Sqftlower: 0
Sqftthird: 0
Sqftupper: 0
Bedroommain: 3
Fullbathmain: 2
Halfbathmain: 0
Half Bathrooms: 0
Bedroombasement: 0
Total Bathrooms: 3
Fullbathbasement: 1
Halfbathbasement: 0
Laundry Features: Laundry Room
Main Level
Interior Features: Cable Prewire
Garden Tub
Open Floorplan
Pantry
Sauna
Walk-In Closet(s)
Mainlevelgarageyn: 1
Sqftunheatedtotal: 0
Fireplace Features: Great Room
Sqfttotalpropertyhla: 3987

Dwelling And Structure

Architectural Style: Arts and Crafts

Square Footage And Levels

Levels: One
Above Grade Finished Area: 2087
Below Grade Finished Area: 1900

Parking And Garage

Open Parking: true
Parking Features: Attached Garage
Open Parking Spaces: 4

Exterior Features

Roof: Architectural Shingle
Construction Materials: Fiber Cement
Patio And Porch Features: Covered
Front Porch
Rear Porch

Lot And Land

Lot Size Acres: 0.62
Lot Size Units: Acres

Basement And Foundation

Basement: Exterior Entry
Finished
Interior Entry
Foundation Details: Basement

Waterfront And View

View: Mountain(s)

Utilities

Sewer: Septic Installed
Utilities: Cable Available
Water Source: City

Financial Information

Citytaxespaidto: No City Taxes Paid

Zoning And Restrictions

Zoningspecification: O U

Listed by Matthew Jernigan (828-230-7211) · NextHome Partners (828-338-8121)

Location

Address: 5 Magnolia Farms Drive
City: Asheville, NC 28806
Community: Magnolia Farms

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Schools

Elementary: West Buncombe/Eblen
Middle: Clyde A Erwin
High: Clyde A Erwin

School assignments may change. Contact the school district to confirm.

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