Discover turnkey living in this beautifully updated, end unit condo in Covington Crossing! Located in a highly desirable area of South Asheville, you'll be centrally located to vibrant downtown Asheville and Hendersonville without city taxes. This spacious 3-bedroom, 2.5 bath condo is tucked away at the end of a cul-de-sac and has a large, green-space area adjacent to it. Enjoy peaceful mornings with a cup of coffee on your back patio or cozy evenings with a book in front of your gas fireplace. Relax as the HOA takes care of all exterior grounds and building maintenance. This property is an easy lock and go second home or would make an excellent investment property for long-term rentals. The interior has been updated to include fresh paint, ceiling fans, lighting fixtures, electric garage door opener, stainless steel appliances and new carpet throughout. Excellent location convenient to the Asheville Airport, WNC Ag Center, Biltmore Park Town Square, shopping and restaurants.
Active
$304,000
506 Olde Covington Way, Arden, NC 28704
3beds
1,360sqft
Est.:
Condominium
Built in 2002
-- sqft lot
$298,400 Zestimate®
$224/sqft
$226/mo HOA
What's special
Gas fireplaceLighting fixturesCeiling fansEnd unit condoFresh paintElectric garage door openerBack patio
- 16 days |
- 137 |
- 5 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 06:18am
Listing Provided by:
Kristi Brannon kbrannon@twotrailsllc.com,
Two Trails LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4314368
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), Walk-In Closet(s)
- Level: Upper
Bedroom s
- Features: Ceiling Fan(s)
- Level: Upper
Bedroom s
- Features: Ceiling Fan(s)
- Level: Upper
Bathroom full
- Level: Upper
Bathroom full
- Level: Upper
Family room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Heating
- Electric, Heat Pump
Cooling
- Electric, Heat Pump
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
- Laundry: Laundry Room, Main Level
Features
- Flooring: Carpet, Linoleum
- Has basement: No
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Attached Garage, Garage Door Opener, Garage on Main Level
- Attached garage spaces: 1
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Covered, Front Porch, Patio
- Waterfront features: None
Lot
- Features: Cul-De-Sac, Level
Details
- Parcel number: 9653778695CE506
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Vinyl
- Foundation: Slab
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected, Underground Utilities
Community & HOA
Community
- Subdivision: Covington Crossing
HOA
- Has HOA: Yes
- HOA fee: $213 monthly
- HOA name: Baldwin Real Estate
- HOA phone: 828-684-3400
- Second HOA fee: $157 annually
- Second HOA name: Two Trails
- Second HOA phone: 828-696-2173
Location
- Region: Arden
Financial & listing details
- Price per square foot: $224/sqft
- Tax assessed value: $167,500
- Annual tax amount: $1,037
- Date on market: 11/25/2025
- Cumulative days on market: 16 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$298,400
$283,000 - $313,000
$1,114/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Listed for sale | $304,000+147.2%$224/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4314368 Report a problem | ||
| 11/30/2006 | Sold | $123,000$90/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,037 +3.9% | $167,500 |
| 2023 | $998 +1.7% | $167,500 |
| 2022 | $982 | $167,500 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,927/mo
Principal & interest
$1463
HOA Fees
$226
Other costs
$238
Climate risks
Neighborhood: 28704
Nearby schools
GreatSchools rating
- 5/10Glen Arden ElementaryGrades: PK-4Distance: 1.2 mi
- 7/10Cane Creek MiddleGrades: 6-8Distance: 4.2 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Glen Arden/Koontz
- Middle: Cane Creek
- 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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