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131 Mills Avenue, 
Brevard, NC 28712

$875,000


3

Beds


3

Baths


2,586

Sq Ft


Single Family

Active

Listed by

Jordan Clark

Looking Glass Realty, Connestee Falls

Last updated:

October 15, 2026, 02:04 PM

MLS#

4431844

Source:

CH

About This Home

131 Mills Avenue

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.

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 2022

Subdivision & Development:

None

Price Summary

875,000

$338 per Sq. Ft.

MLS #:

4431844

Last Updated:

October 15, 2026, 02:04 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,586 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow

Building Area:

2,586 Sq. Ft.

Year Built:

2022


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$875,000

Price per Sq. Ft:

$338 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.