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40 Mountain Shadows Drive

Leicester, NC 28748
  • $695,000
  • STATUS: Active
  • ON SITE: 226 Days
  • MLS #: 4306216
Price Reduced
UPDATED: 188 min ago
$695,000
  • 3
    BEDS
  • 1.01
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,446
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2006
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Canopy MLS logo Offered by Grateful Mindset Properties: 828-290-0940. Copyright 2026 Canopy MLS. All rights reserved.

Description

Exceptional opportunity at 40 Mountain Shadows Drive. Days on market do not reflect the full value of this home, which was initially introduced during winter in a shifting economy and amid rising fuel and utility costs. Previously under contract with no property-related issues, the home was being considered for short-term rental use and has now returned to market through no fault of its own----repositioned at a compelling value. Set on more than an acre of usable land with year-round mountain views, this refined mountain residence offers a rare combination of privacy, sophistication, and convenience just minutes from downtown Asheville. Privately tucked within an established enclave, the property provides the ideal balance of quiet seclusion and quick access to acclaimed dining, boutique shopping, and premier medical facilities. Inside, soaring ceilings, abundant natural light, and timeless architectural details create a warm yet elegant atmosphere. The open-concept layout flows seamlessly from the gourmet kitchen to expansive living and dining areas, designed for both effortless everyday living and memorable entertaining. The main-level primary suite offers a true retreat, while the spacious upstairs en-suite with walk-in closet adds flexibility as a second primary suite, executive office, or private lounge. The walk-out lower level expands the home’s versatility with a large family room, vented gas fireplace, full bath, kitchenette, and additional flex spaces, ideal for extended guests, recreation, or multi-generational living. Outdoors, covered porches, a scenic patio, and manicured grounds frame the beautiful mountain setting, while dual oversized garages with workshop space provide exceptional utility. Opportunities of this caliber, offering privacy, scale, and proximity to Asheville, are increasingly rare. Explore 40 Mountain Shadows Drive from the comfort of home with a virtual tour, OPEN HOUSES- are virtual - or contact the listing agent to arrange a private in-person showing. Rent-to-own may also be available; inquire for details.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2026-05-16T23:34:08.093 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Coastal Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Canopy MLS.

“Listings courtesy of Canopy MLS as distributed by MLS GRID

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
www.carolinacoastalgroup.com/homes/168453741
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40 Mountain Shadows Drive Leicester, NC 28748

  • Price: $695,000
  • Status: Active
  • On Site: 226 Days
  • Updated: 188 min ago
  • MLS #: 4306216
3
Beds
4
Baths
0
½ Baths
1.01
Acres
3,446
SQFT
$202
$/SQFT
2006
Built
Neighborhood:
Mountain Shadows
County:
Buncombe
Area:
Leicester
Elementary School:
Leicester/Eblen
Middle School:
Clyde A Erwin
High School:
Clyde A Erwin
Property Description
Exceptional opportunity at 40 Mountain Shadows Drive. Days on market do not reflect the full value of this home, which was initially introduced during winter in a shifting economy and amid rising fuel and utility costs. Previously under contract with no property-related issues, the home was being considered for short-term rental use and has now returned to market through no fault of its own----repositioned at a compelling value. Set on more than an acre of usable land with year-round mountain views, this refined mountain residence offers a rare combination of privacy, sophistication, and convenience just minutes from downtown Asheville. Privately tucked within an established enclave, the property provides the ideal balance of quiet seclusion and quick access to acclaimed dining, boutique shopping, and premier medical facilities. Inside, soaring ceilings, abundant natural light, and timeless architectural details create a warm yet elegant atmosphere. The open-concept layout flows seamlessly from the gourmet kitchen to expansive living and dining areas, designed for both effortless everyday living and memorable entertaining. The main-level primary suite offers a true retreat, while the spacious upstairs en-suite with walk-in closet adds flexibility as a second primary suite, executive office, or private lounge. The walk-out lower level expands the home’s versatility with a large family room, vented gas fireplace, full bath, kitchenette, and additional flex spaces, ideal for extended guests, recreation, or multi-generational living. Outdoors, covered porches, a scenic patio, and manicured grounds frame the beautiful mountain setting, while dual oversized garages with workshop space provide exceptional utility. Opportunities of this caliber, offering privacy, scale, and proximity to Asheville, are increasingly rare. Explore 40 Mountain Shadows Drive from the comfort of home with a virtual tour, OPEN HOUSES- are virtual - or contact the listing agent to arrange a private in-person showing. Rent-to-own may also be available; inquire for details.
Exterior Features

Architectural Style Arts and CraftsContemporaryModernPost and BeamTraditional Carport YN No Construction Materials Fiber CementStone Veneer Construction Type Site Built Exterior Features Other - See Remarks Fencing Back YardFencedPartial Foundation Details Basement Garage YN Yes Levels One and One Half Lot Features Green AreaOpen LotPrivateRolling SlopeViews Main Level Garage YN Yes Parking Features DrivewayAttached Garage Patio And Porch Features CoveredDeckFront PorchRear Porch Road Responsibility Private Maintained Road Road Surface Type AsphaltPaved Roof Architectural Shingle

Interior Features

Above Grade Finished Area 2477 Appliances DishwasherElectric OvenElectric RangeMicrowaveRefrigerator Basement Basement Garage DoorBasement ShopExterior EntryFinishedWalk-Out AccessWalk-Up Access Basement YN Yes Below Grade Finished Area 969 Cooling Ceiling Fan(s)Heat Pump Fireplace Features Bonus RoomGasGas VentedLiving RoomWood Burning Fireplace YN Yes Flooring CarpetTileWood Garage Spaces 4 Heating Heat Pump Laundry Features Mud Room Lower Square Feet 0 Main Square Feet 1855 Rooms Main (Primary Bedroom) Main (Bedroom(s)) Main (Bathroom-Full) Main (Family Room) Main (Living Room) Main (Kitchen) Main (Laundry) Basement (Bathroom-Full) Basement (Great Room) Main (Dining Room) Sq Ft Unheated Basement 798 Sq Ft Unheated Lower 0 Sq Ft Unheated Main 518 Sq Ft Unheated Third 0 Sq Ft Unheated Total 1645 Sq Ft Unheated Upper 329 Sq Ft Upper 622 Third Square Feet 0

Property Features

Additional Parcels YN False Association Annual Expense 500.00 Association Fee 500 Association Fee Frequency Annually Association Name Mountain Shadows HOA Association YN Yes Assumable YN No Auction YN No CCRSubject To Yes City Taxes Paid To No City Taxes Paid Community Features Sidewalks Hoa Subject To Required HOASubject To Dues Mandatory Listing Terms CashConventionalExchangeFHAUSDA LoanVA LoanOther - See Remarks New Construction YN No Property Sub Type Single Family Residence Restrictions Rental – See Restrictions Description Restrictions Description As of 2021No Vacation Rentals Senior Community YN No Sewer Septic Installed Special Listing Conditions None Utilities Natural GasUnderground Power Lines View Long RangeMountain(s)WinterYear Round Water Source Well



MLS Grid logo Based on information submitted to the MLS GRID as of 2026-05-16T23:34:08.093 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Coastal Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Canopy MLS.

“Listings courtesy of Canopy MLS as distributed by MLS GRID

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Carolina Coastal Group
514 N Howe St
Southport NC, 28461
Canopy MLS logo Offered by Grateful Mindset Properties: 828-290-0940. Copyright 2026 Canopy MLS. All rights reserved.