32 Franklin Farm Rd

Fletcher, NC 28732
List Price
$799,000
32 Franklin Farm Rd
32 Franklin Farm Rd - Image 2
32 Franklin Farm Rd - Image 3
More photos

Why I Like This Property

“This property stands out because of its excellent location, strong rental history, and potential for above-market returns.”

Login to view details
Tyler Coon
Tyler Coon
Savvy STR Agent

About This Property

Set on nearly 2 acres in the highly sought-after Franklin Farm community, this expansive 3,600 sq ft home delivers a rare blend of privacy, versatility, and modern convenience—just minutes from South Asheville’s shopping, dining, and amenities. What truly makes this property stand out is its fully finished, walk-out basement featuring its own private entrance and a second kitchen. This spacious lower level is ideal for multigenerational living, offering parents or in-laws their own private suite complete with living area, full bath, and kitchen facilities. The separate entrance and self-contained layout also create excellent income potential as a short-term rental, long-term guest quarters, or even a private in-law apartment—perfect for families who want everyone together yet independent. On the main level, the thoughtfully designed layout welcomes you with a formal dining room, a dedicated home office, and a cozy den that flows seamlessly onto an elevated deck. Enjoy peaceful views of the wooded surroundings and open space beyond while sipping morning coffee or entertaining friends. The well-appointed kitchen and generous living spaces make everyday life effortless and enjoyable. Upstairs, you’ll discover three spacious bedrooms and a large versatile bonus room that can easily serve as a media room, home gym, craft space, or additional home office. Outside, the large, usable yard is framed by mature trees and offers plenty of room for gardening, play, or outdoor gatherings—something increasingly rare this close to town. Additional features include a two-car garage, abundant storage, and functional living space across all three levels. This exceptional home provides the perfect balance of Western North Carolina lifestyle and long-term flexibility. Whether you’re looking for room to grow with extended family or the opportunity to generate supplemental income, this Franklin Farm gem delivers outstanding value in a location you’ll love coming home to every day.

Family-friendly
Adventure
Pet-friendly
Remote-work
Mountain
Hot Tub
Sauna
Game Room
Fireplace
Ev Charger
Home Theater
Outdoor Kitchen
Fire Pit
Gym

Property Details

3
Bedrooms
4
Bathrooms
3,670
Square Feet
1992
Year Built
1.86 ac
Lot Size
Single Family
Property Type
$83/mo
HOA Fee

Projected Opportunity

Revenue Range
Projected ROI (optimized)
Avg Daily Rate
Avg Occupancy

Comparable Airbnb Listings

Revenue data from similar short-term rentals in the area

Biltmore Forest Retreat! Sauna Hot tub Game Rm

Biltmore Forest Retreat! Sauna Hot tub Game Rm

Asheville, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb
Luxury Asheville Escape | Sauna | Movie Theater

Luxury Asheville Escape | Sauna | Movie Theater

Asheville, NC

ADR
Occupancy
Revenue
Login to view details
View on Airbnb

Savvy Recommended Upgrades

Design, Equipment, Fixtures, Furnishings, & Reno

Est. $250,000

Your Agent

Tyler Coon

Tyler Coon

STR Investment Specialist

Western North Carolina, NC

261
Deals Closed
6
Years Experience

Investment Calculator

Calculate your potential returns with real property data

Est. Monthly Cash Flow
Cash-on-Cash Return

Listing agent: John Ellis. Listing courtesy of Walnut Cove Realty/Allen Tate/Beverly-Hanks. Information deemed reliable but not guaranteed.

Financial & Investment Disclaimer: All information on this website is for informational purposes only and is believed accurate to the best of our knowledge but is not guaranteed. Nothing constitutes financial, tax, legal, or investment advice. All investments involve risk and you may lose some or all of your capital. Projections, case studies, and examples are illustrative only and not guarantees of future results. Agents operate independently under their own brokerages. Savvy may receive affiliate or referral compensation. Intended primarily for US residents. Conduct your own due diligence and consult your own professionals. Full disclosure applies.