Asheville Sees Historic Luxury Home Sale at $8.45 Million

Asheville Welcomes a Record-Breaking Home Sale

Asheville, North Carolina, is buzzing with excitement after a stunning luxury home sold for a whopping $8.45 million this August, breaking records in Buncombe County! This incredible 7,640-square-foot residence is nestled in the prestigious The Cliffs at Walnut Cove community, a place cherished for its breathtaking views and exclusive lifestyle.

Meet the New Owners

The new owners, Vernon and Marie Krause, may already be familiar faces to many in the area. They are the proud owners of the well-known Asheville Ford and Asheville Lincoln dealerships. Interestingly, they had roots in Asheville about 40 years ago but relocated to South Florida and Atlanta as they expanded their dealership business and raised their family. Now, with a total of 23 dealerships across North Carolina, South Carolina, Georgia, and Florida, they decided it was time to return to their mountain roots and invest in a property that reflects the natural beauty of Western North Carolina.

Sleek Design Meets Mountain Living

The home they purchased is a stunning example of the “mountain modern” architectural style, seamlessly blending clean lines with natural stone elements. It features all the high-end amenities you would expect in a luxury residence, making it not just a house but a true retreat. Picture this: a wine cellar for the connoisseurs, a personal gym for staying fit, a bunk room that’s perfect for guests or family gatherings, and even retractable screens on the main deck to invite the fresh mountain air without the insects!

Breathtaking Views

Located at an elevation of 2,800 feet on Cloud Top Way, the home offers unmatched vistas of The Cliffs at Walnut Cove golf course, the majestic Pisgah National Forest, and the iconic Blue Ridge Parkway. On a clear day, don’t be surprised if you spot the Biltmore Estate, downtown Asheville, and the rolling mountain ridges stretching out before your eyes. This is the kind of view that keeps residents coming back home, day after day.

A Strong Market Trend

This recent sale reflects some noteworthy trends in the luxury real estate market in Western North Carolina. In fact, the high-end market remains incredibly robust, with more than 50 percent of these purchases being made in cash. This means that higher mortgage rates are not deterring buyers from making their dreams of mountain living a reality. Surprisingly, the demographic of luxury home buyers is also shifting; more working professionals are entering this exclusive market, which was traditionally dominated by retirees.

A Record for Walnut Cove

Until its recent sale, this beautiful home was serving as the Dillard-Jones show home for Walnut Cove, showcasing luxurious designs and the finest in mountain living. Its listing as a Walnut Cove Realty exclusive has caught the attention of many potential buyers, as it was notably the highest-priced single sale in Walnut Cove history. The successful transaction was facilitated by Kyle Olinger, a Walnut Cove Realtor who handled the listing, while Rebecca Dougherty represented the buyers. Notably, Walnut Cove Realty, affiliated with Allen Tate/Beverly-Hanks, continues to lead the luxury market in the region.

A Collaborative Masterpiece

This stunning residence is a result of collaboration between Dillard-Jones Builders, DOMA Architecture, and Tribus Interior Design. Together, they crafted a home that’s not just a place to live but a lifestyle statement, showcasing what luxury mountain living truly has to offer.

As Asheville continues to capture hearts with its natural beauty and vibrant community, it’s clear that the luxury market is thriving, bringing both nostalgia and new opportunities for its residents.