Chestnut Hills Homes under $700,000

Welcome to Chestnut Hills, a charming subdivision nestled in the picturesque town of Gerton, North Carolina. This hidden gem in Henderson County offers a serene escape from the hustle and bustle of city life, making it an ideal place for families, retirees, and anyone seeking a tranquil lifestyle surrounded by nature’s beauty.

Chestnut Hills is characterized by its stunning landscapes, with rolling hills and lush greenery that provide a breathtaking backdrop for your dream home. The subdivision features a variety of homes, all thoughtfully designed to blend seamlessly with the natural surroundings. With properties available for under $700,000, Chestnut Hills presents an incredible opportunity for homebuyers looking to invest in a peaceful community without breaking the bank.

Residents of Chestnut Hills enjoy easy access to the great outdoors, with numerous hiking trails, parks, and recreational areas nearby. The community fosters a close-knit atmosphere, where neighbors become friends, and families can thrive in a safe and welcoming environment. Local amenities, including quaint shops and restaurants, are just a short drive away, ensuring that you have everything you need at your fingertips.

With its affordable housing options and stunning natural beauty, Chestnut Hills is more than just a place to live; it's a lifestyle choice. Whether you're looking for a cozy retreat or a spacious family home, this subdivision has something for everyone. Come discover the charm of Chestnut Hills and envision your future in this idyllic North Carolina community!

Newest Chestnut Hills Homes under $700,000

$360,000

2 Beds ⋅ 1 Baths ⋅ 4420243 MLS

BACK ON THE MARKET. The buyer had a change of heart. Welcome to **Shady Grove Cottage at Chestnut Hills**, a charming mountain retreat, c. 1922, in beautiful Gerton, NC. Tucked just over the mountain from Asheville and minutes from the picturesque villages of Chimney Rock and Lake Lure, this lovingly cared-for cottage offers a wonderful blend of history, character, and mountain charm. Shady Grove is believed to be the first cottage in the Chestnut Hills neighborhood. Many of the homes throughout Chestnut Hills carry a rich history, adding to the unique sense of place found here. Tax records have this home as 1940, but the local lore is the home is most likely from the 1920's. The cottage offers 813 square feet of main-level living, plus a unique sleeping loft with ladder access—perfect for adventurous guests and overflow sleeping space. Outdoor enthusiasts will appreciate direct access to nearby adventure, including hiking to Bearwallow Mountain and on to Strawberry Gap right from your door, plus a short drive to multiple trailheads featuring waterfalls, mountain streams, and sweeping 360-degree mountain views on Bearwallow Mtn. Everyday living here feels like a getaway. Enjoy morning coffee from the covered front porch while taking in beautiful lake views & close range mountain views, cozy winter mornings beside the old stone fireplace, or relaxing evenings on the screened back porch overlooking the fish pond and mature landscaping. In the early evening, settle onto the front porch and listen as church bells echo through the valley at 6 p.m.—a wonderfully peaceful way to end the day. Inside and out, Shady Grove is filled with thoughtful details and timeless character, including soapstone countertops, a farmhouse sink, walk-in tiled shower, vaulted ceilings with bead board walls, and corner windows that capture expansive lake and nature views. Outside, vintage boxwoods frame the front yard, while original stone walls, steps, and patios complete the vintage aesthetic. A sweet back yard with a fire pit creates inviting spaces for gathering and enjoying the mountain setting. **What this cottage may lack in square footage, it more than makes up for in charm, character, history, and setting.** Whether you're searching for a full-time residence, a second home, or an investment opportunity, Shady Grove is a special mountain escape you won't want to miss. Studio/office was originally the 2nd bedroom, but seller moved that to the loft to have an art studio. Could again become a bedroom. https://youtu.be/B96q4Nd7gCA

95 Chestnut Hill Loop Road, Gerton

$535,000

3 Beds ⋅ 2 Baths ⋅ 4387825 MLS

Step back in time without sacrificing modern comfort in this beautifully renovated 1920s Chestnut Hill cottage. The home showcases timeless mountain-cottage charm, highlighted by a grand stone fireplace and inviting covered front porch that harken to the days of the leaving the city heat to spend the whole summer in the cool mountains, playing in the community creak or fishing on the community lake. Thoughtful renovations preserve the home's historic character while enhancing everyday livability. Relax on the expansive covered front porch and enjoy cozy short-range mountain views in a storybook setting. Extensive native stonework graces both the home and the beautifully landscaped, certified native wildlife gardens, creating a seamless connection to the natural beauty of the surrounding mountains. Recent improvements include a new roof, updated electrical system, new lighting throughout and a new heat pump. The original hardwood floors have been carefully restored, blending historic character with modern convenience. This is a truly special property where history, character, and craftsmanship come together in one unforgettable setting. This home has 2 bedrooms plus an office on the main level, with the lower level being a large studio area with bedroom, sitting area and full bath. Meticulously maintained and truly move-in ready, this home is offered turn-key and can be sold furnished—ideal as a full-time residence, mountain getaway, or vacation rental investment. Outdoor enthusiasts will appreciate direct access to nearby adventure, including hiking to Bearwallow Mountain and on to Strawberry Gap, right from your door, plus a short drive to multiple trailheads featuring waterfalls, mountain streams, and sweeping 360-degree mountain views on Bearwallow Mtn. https://youtu.be/urLotv3KZew

206 Chestnut Hill Road, Gerton

$549,000

4 Beds ⋅ 2 Baths ⋅ 4375202 MLS

A truly unique opportunity! TWO beautiful, vintage, hand-hewn log homes in a storybook setting with amazing possibilities. Located in the desirable Chestnut Hills subdivision, a 100 year old vacation cottage community just 20 mins from Asheville. The Main Cabin has 2BR/1BA with a full galley kitchen, lovely stone fireplace, rocking chair front porch, walk-out rear deck and hot tub. There is a small bonus room off the main bedroom currently used as a third sleeping area, but would be ideal for an office. The "Sunflower Cabin" has 2BR/1BA with a full kitchen, vaulted ceiling, a gorgeous enclosed sunroom, and walk-out rear deck. Both decks have commanding views over the Chestnut Hills Commons, stream and community garden. Beautiful stonework and hardscaping throughout the property. Dedicated stone lined parking pads and a gorgeous fire pit area. Fully stocked community pond and beautiful common areas. Some of the best hiking trails in the Asheville area are literally steps away, including the Florence Preserve and Bearwallow Mountain/Wild Cat Rock trail systems. Centrally located just 20 mins to Asheville, 30 mins to Hendersonville, 15 mins to Chimney Rock, and 20 minutes to Lake Lure. Two breweries and a grocery store located just 12 mins away in Fairview. The current configuration offers amazing flexibility....either as a turnkey vacation rental, a second home getaway with a guest cottage, or primary residence with in-law suite. Furniture is available with a few exclusions. Installed Spectrum fiber optic high speed internet. Short term vacation rentals are allowed in Chestnut Hills. Both homes have separate access and parking, and can be rented independently of each other. You'll love this amazing property!

72 Chestnut Hill Road, Gerton

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange 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 The M Homes 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 Carolina Multiple Listing Services, Inc.”

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .