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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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131 Mills Ave , Brevard, NC 28712
$875,000
Est. Payment: $4,917.53/mo
3 Bed
3 Bath
2586 Sqft
0.2 Acres
Status: active | Days on site: 5
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NCM875001 - 67412
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Terri Bias
Operator/Brokerage Owner

House Description

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.

Highlights

Listed by Jordan Clark , 828-817-1880 Looking Glass Realty, Connestee Falls , 828-884-7355. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
0.2

Year Built

2022

County

Transylvania

Neighborhood

None

Listing ID

4431844

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Gas Oven, Gas Range, Indoor Grill, Microwave, Refrigerator
Air Cond:Ceiling Fan(s),Heat Pump
Fireplaces:Gas Unvented,Living Room
Floor:Tile,Wood
Above Ground Sq Ft:1398
Below Ground Sq Ft:1188
Basement:Finished
Other:
  • ▪ Additional:Has Fireplace, Master on Main
Water:City

Exterior Features

Roof:Architectural Shingle
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$4,918
Taxes
$558

Home Price

$875,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$175,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,917.53

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,917.53 $557.81 $0.00 $5,475.34
Yearly $59,010.36 $6,693.75 $0.00 $65,704.11
Total $1,770,310.72 $200,812.50 $0.00 $1,971,123.22

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Brevard, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T15:52:06.000Z

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