An exceptional investment or primary residence opportunity just minutes from downtown Asheville! This successful, turnkey short-term rental property is being offered below its 2025 appraised value of over $1.5 million, presenting a rare opportunity to acquire an established income-producing property with tremendous potential for additional value. Situated on nearly 5 acres of predominantly flat, usable land with open use zoning - this unique property features two fully furnished homes, a swimming pool, hot tub, and an outdoor fire pit, creating an inviting retreat for guests and an attractive opportunity for investors. The main residence offers three above-grade bedrooms plus an additional bonus room below grade, while the detached guest house features two additional bonus rooms. A partially finished basement and spacious two-car garage offer further opportunities for improvements, customization, or additional amenities. For investors seeking to maximize the property's potential, there may be an opportunity to expand the septic system to accommodate 6 bedrooms, potentially increasing resale value. The expansive acreage and flexible zoning may also provide opportunities for an additional dwelling unit (ADU), pickleball court, expanded outdoor entertainment areas, or other guest-focused amenities. Buyer to independently verify all zoning, permitting, septic capacity, and development feasibility. Whether you're looking to expand your investment portfolio, purchase your dream home, capitalize on an established short-term rental operation, or unlock additional value through strategic improvements, this property offers an exceptional combination of immediate income potential, acreage, desirable amenities, and future upside -all within minutes of downtown Asheville!