506 Olde Covington Way, Arden, NC 28704 - Photo 1

$292,000

3 Beds · 3 Baths · 1,360 Sqft

Active

$292,000

3 Beds · 3 Baths · 1,360 Sqft

Active

506 Olde Covington Way, Arden, NC 28704 - Photo 2

506 Olde Covington Way, Arden, NC 28704 - Photo 3

506 Olde Covington Way, Arden, NC 28704 - Photo 4

Active108 Days on Market$215/sqft▼ 3.9% from originalListed Nov 25, 2025MLS# CAR4314368

506 Olde Covington Way, Arden, NC 28704

$292,000 · 3 bd · 3 ba · 1360 sqft

About This Property

INVESTORS TAKE NOTE....NO RENTAL RESTRICTIONS! 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.

Location

506 Olde Covington Way, Arden, NC 28704

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Property Details

Overview

Property TypeCondominium

Year Built2002

Stories/LevelsTwo

Interior

Bedrooms3

Bathrooms (Full)2

Bathrooms (Half)1

Total Rooms8

Sqft1,360

HeatingElectric, Heat Pump

Cooling / A/CElectric, Heat Pump

FlooringCarpet, Linoleum

Exterior

Garage Spaces1

ExteriorVinyl

FoundationSlab

RoofArchitectural Shingle

Financial

List Price$292,000

HOA/Maintenance$213/mo

Original Price$304,000

Location

Address506 Olde Covington Way, Arden, NC 28704

NeighborhoodCovington Crossing

CityArden

CountyBuncombe

StateNC

Zip28704

Listed by Two Trails LLC · kbrannon@twotrailsllc.com MLS# CAR4314368

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 03/19/2026, 08:20:35 AM. 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. Some IDX listings have been excluded from this website.

Information deemed reliable but not guaranteed. Buyer to verify all information.

Brian Jones

Compass

Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.