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  • $995,000

    502 Long Shoals Rd, Arden, NC 28704

    4beds
    1,956sqft
    : 
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    Single Family Residence
    Built in 1966
    0.95 Acres Lot
    $957,500 Zestimate®
    $509/sqft
    $-- HOA

    What's special

    Mountain viewsPrivate deckLower-level theatre room
    Rare investor opportunity centered around potential commercial frontage on Long Shoals Road. This nearly 1-acre property offers excellent visibility along a high-traffic corridor, while the existing income-producing home sits privately toward the rear of the lot with separate driveway access from Memory Lane. Currently zoned R2, the property features a 4-bedroom, 3-bath bungalow with strong rental history, mountain views, private deck, lower-level theatre room, second primary suite with separate entry, 1-car garage, and roof replaced in 2014. The home can continue generating income while a buyer explores the long-term value of the Long Shoals Road frontage. City sewer is believed to be very close by near the corner of Memory Lane and Clayton Road, creating potential upside for a buyer willing to pursue sewer connection, subdivision, or possible commercial rezoning, all subject to applicable approvals. The property also benefits from strong sight lines near the Clayton Road intersection and visually reads like a corner lot because the lot at the intersection in front of it is not buildable. Hold the rental home, pursue the frontage opportunity, and unlock the future potential of this highly visible Long Shoals Road parcel. Owner also owns the property next door at 506 Long Shoals, if interested in more frontage potential, please reach out.
    50 days
    |
    147
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Matt Payne matt@walnutcoverealty.com,

    Walnut Cove Realty/Allen Tate/Beverly-Hanks

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4372104MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bedrooms: 3
      Primary bedroom
      • Level: Main
      Heating
      • Heat Pump
      Cooling
      • Attic Fan
      Appliances
      • Included: Convection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave
      • Laundry: Electric Dryer Hookup
      Features
      • Basement: Basement Garage Door,Finished,Interior Entry
      Interior area
      • Total structure area: 1,226
      • Total interior livable area: 1,956 sqft
      • Finished area above ground: 1,226
      • Finished area below ground: 730

      Property

      Parking
      • Total spaces: 1
      • Parking features: Driveway, Attached Garage
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Waterfront features: None
      Lot
      • Size: 0.95 Acres
      Details
      • Parcel number: 9634883498
      • Zoning: R2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block, Hardboard Siding, Stone Veneer
      Condition
      • New construction: No
      • Year built: 1966

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Arden
      • Elevation: 2000 Feet

      Financial & listing details

      • Price per square foot: $509/sqft
      • Tax assessed value: $263,100
      • Annual tax amount: $1,696
      • Date on market: 4/20/2026
      • Cumulative days on market: 50 days
      • Road surface type: Asphalt, Paved
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        Estimated market value

        $957,500

        $910,000 - $1.01M

        $3,250/mo

        Price history

        DateEventPrice
        4/22/2026Listing removed$3,295$2/sqft
        Source: Zillow Rentals Report a problem
        4/20/2026Listed for sale$995,000+563.3%$509/sqft
        Source: Canopy MLS as distributed by MLS GRID #4372104 Report a problem
        4/1/2026Price change$3,295+6.3%$2/sqft
        Source: Zillow Rentals Report a problem
        3/31/2026Listed for rent$3,100$2/sqft
        Source: Zillow Rentals Report a problem
        3/22/2026Listing removed$3,100$2/sqft
        Source: Zillow Rentals Report a problem
        2/23/2026Listed for rent$3,100$2/sqft
        Source: Zillow Rentals Report a problem
        2/15/2026Listing removed$3,100$2/sqft
        Source: Zillow Rentals Report a problem
        1/16/2026Listed for rent$3,100$2/sqft
        Source: Zillow Rentals Report a problem
        3/18/2016Sold$150,000$77/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,696 +4.7%$263,100
        2024$1,620 +3.3%$263,100
        2023$1,568 +1.7%$263,100
        2022$1,542 $263,100
        2021$1,542 +31.6%$263,100 +41.5%
        2020$1,171 $185,900
        2019$1,171 $185,900
        2018$1,171 $185,900 +28.9%
        2017$1,171 +16.9%$144,200
        2016$1,002 $144,200
        2015-- $144,200
        2014$1,002 $144,200
        2013-- $144,200 -5.6%
        2012-- $152,800
        2011-- $152,800
        2010-- $152,800
        2009-- $152,800
        2007-- $152,800
        2006-- $152,800 +36.6%
        2005-- $111,900

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 28704

          Getting around

          15 / 100
          Car-Dependent
          1 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Avery's Creek/Koontz
          • Middle: Valley Springs
          • High: T.C. Roberson

          Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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