Walnut Cove Realty Sells 47+ Acre Luxury Tract Adjoining The Cliffs at Walnut Cove for $5,250,000

Avery Creek Road property

Walnut Cove Realty achieved sales of $77.6M through the third quarter of 2021 and participated in 93%, or 75 of the 81 transactions in the community representing either the buyer, seller, or both.

Asheville, North Carolina: October 21, 2021 – Walnut Cove Realty, an independent luxury real estate company affiliated with Beverly-Hanks, REALTORS®, recently sold a large continuous property bordering the coveted Cliffs at Walnut Cove community in just three days. Josh Smith, President of Walnut Cove Realty and the number two individual residential sales leader among all 2,000+ licensed residential brokers in Western North Carolina, was the listing agent for the property located at 173 Avery Creek Road in Arden. 

The 47+-acre property features long-range, year-round mountain views and multiple build sites, two private roads to access the land, a pond, a seven-stall horse barn with tack stall, a homestead and barn over 100 years old already on site, plus a potential future caretaker’s house. Directly boarding The Cliffs at Walnut Cove, the property sold in just three days after listing, with multiple offers, and will be closing at $5.25 million, $255,000 over its list price. 

“Luxury buyers in today’s competitive real estate market expect a level of responsiveness, attention to detail, honesty, and integrity that are the hallmarks of the Walnut Cove Realty experience,” said Smith. “From the moment our clients visit our sales office, book a tour, or call a member of our team, they recognize the value of our specialized real estate knowledge about Walnut Cove and luxury communities across Western North Carolina. In such a competitive real estate market, every advantage counts, and Walnut Cove Realty delivers.”

As a long-time leader in the high-end luxury real estate industry in WNC, Walnut Cove Realty achieved record-breaking sales of $82.8 million at The Cliffs at Walnut Cove in 2020. Continuing the momentum through 2021, Walnut Cove Realty has achieved sales of $77.6M to date and participated in 93%, or 75 of the 81 transactions representing either the buyer, seller, or both through the third quarter of 2021.

Earlier this year, Walnut Cove Realty announced the location of its new sales center and comprehensive luxury real estate complex in Asheville, N.C. Conveniently located on Brevard Road directly across from the entrance to The Cliffs at Walnut Cove, Walnut Cove Realty’s new premises will include more than 24,500 square feet of commercial space, including the sales center and 14 retail spaces, supporting the real estate needs of the South Asheville area. Tenants will include builders, architects, design and selection centers, property management, and other businesses supporting the residents of both The Cliffs at Walnut Cove and the greater area, as well as a proposed coffee shop/café. The premises will also feature more than 100 parking spaces for guests of Walnut Cove Realty and real estate related businesses. From agent to builder to interior design, Walnut Cove Realty’s new premises will serve as a one-stop shop for consumers’ real estate needs. 

Currently, the team of luxury real estate industry specialists at Walnut Cove Realty are serving clients out of the newly established sales office located at 630 Long Shoals Road in Arden, N.C. The new Walnut Cove Realty Sales Center is expected to open fully in 2022. 


About Walnut Cove Realty

For more than 10 years, Walnut Cove Realty has been a trusted and valued partner for those seeking luxury properties in Western North Carolina. With a demonstrated track record of sales leadership and market dominance in the Cliffs at Walnut Cove, Walnut Cove Realty has been sharing insights into the unique Walnut Cove lifestyle, the various ownership options, and the perks of living so close to Asheville for years. With a wealth of industry experience, the trusted real estate sales team at Walnut Cove Realty has first-hand knowledge about each home, homesite, and the distinctive lifestyle at Walnut Cove because several members of the team are not only members but live in the community. In 2020, Walnut Cove Realty was involved in 89 of 99 real estate transactions in The Cliffs at Walnut Cove totaling nearly $82.8 million. For more information, visit walnutcoverealty.com.

About Beverly-Hanks

The market leader since 1976, Beverly-Hanks is a full-service real estate firm offering residential and commercial sales, marketing, and consulting services across Western North Carolina. Locally owned Beverly-Hanks also has strategic partnerships with global brokerage networks including Leading Real Estate Companies of the World®, Luxury Portfolio, and NAI Global. In addition to brokerage operations, Beverly-Hanks has ownership in several related industry ventures including Beverly-Hanks Mortgage Services and the Cardinal Title Center, LLC. For more information, visit beverly-hanks.com.

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