Buying a Vacation Home in Buncombe County NC

Asheville, North Carolina, has gained wide recognition as a top destination in the southeast for its eclectic lifestyle, award-winning restaurants, and mountain scenery that is sure to inspire artists, outdoor enthusiasts, and foodies alike. After 25+ years in business, GreyBeard Realty has established a reputation as the region’s second home specialist and a “one-stop shop” for real estate services and vacation rental management.  

Our rental division, Greybeard Rentals, welcomes over 30,000 guests each year. It’s not uncommon that previous guests eventually decide they want to find an Asheville cabin for sale, so they can have a place of their own to share as a vacation rental until they are ready to utilize it as a full-time residence after retirement in the beautiful mountains surrounding Asheville. Our GreyBeard Realty team has the unique privilege of assisting clients at all stages of their journey to the mountains—as recreational guests to the “Land of Sky,” as buyers during the real estate search and purchase, and as vacation rental owners with Greybeard Rentals.

Are short-term rentals allowed in Asheville, NC?

Asheville does not allow short-term rentals of entire homes in residential areas within the city limits for less than 30 nights. There are some locations within the city limits that are exceptions. Homestays, however, are permitted. This involves individuals renting out a bedroom or two of their primary residence. Outside of the city limits and across towns in Buncombe County, short-term rentals are allowed and prevalent in many communities. Speak with your GreyBeard Realtor for more information about where vacation rentals are allowed.

What should I consider when purchasing an Asheville vacation home?

Asheville’s vacation rental market tends to carry seasonality, with a slower season occurring over the winter months of January through March. We advise owners to buy an Asheville vacation home that they will love to visit during the slower months when rentals are less frequent. In addition, the home location is a top consideration. Homes that are located nearby desirable downtown areas, in secluded locations with mountain views, and lakefront homes tend to be appealing to guests.  

What makes a good vacation rental?

While a nice, updated home in a residential area can make a great unfurnished long-term rental, folks who are looking for vacation rentals are often envisioning picturesque spots in the mountains to make memories—think mountain top cabins with sweeping views, spacious living and dining areas with full kitchens, and a hot tub. Lakefront homes with private boat docks and water access are also very popular. View our vacation home page for current listings that would perform well as vacation homes. 

How much revenue do short-term rentals generate? 

Who can manage my second home or vacation rental near Asheville, NC?

We’re glad you asked. Greybeard Rentals manages over 220 vacation rental properties from Asheville, North Carolina, to Lake James. We also manage over 500 long-term unfurnished rentals for those looking to rent for a year or longer. Our GreyBeard realtors are well-versed in the process of buying and selling vacation rental properties and transitioning them to Greybeard’s rental program. 

Do I have to pay occupancy taxes on a vacation rental property?

Buncombe County charges a 6% occupancy tax, which helps fund local tourism promotion and development. If you choose to enter an agreement with Greybeard Rentals to manage your home, we remit taxes on your behalf.