Luxury Asheville Property Now Priced at $24M After Renovation

  • Most expensive home in Asheville, North Carolina gets a $10 million price cut
  • Home located in gated community with Blue Ridge mountain views and private hiking trails
  • 6-bedroom house spans 13,294 square feet on a 5-acre property
  • Features include a 50-foot infinity pool, Hibachi grill, and space for 50 guests
  • Home was built in 2003 but significantly renovated by owners Marcus Katz and Pearl Baker Katz
  • Includes Har Tru tennis court, indoor spa, and firepit overlooking a 30-foot waterfall
  • Currently the most expensive listing in Asheville at $24 million
  • Next priciest listing is a Highlands mountain estate for $7.5 million
  • Luxury home market in Asheville sees softness amid increased supply
  • Median asking price for luxury homes in Asheville is $1.5 million, up from national average of $434,000

The most expensive home in Asheville, North Carolina, has undergone a $10 million price cut and is now listed for $24 million. The six-bedroom property spans 13,294 square feet on a 5-acre plot with Blue Ridge mountain views and private hiking trails. It features a 50-foot infinity pool, Hibachi grill, and space to host over 50 guests for events. The home was renovated by owners Marcus Katz and Pearl Baker Katz after they purchased the property more than a decade ago. Despite the price cut, it remains the most expensive listing in Asheville, with the next priciest at $7.5 million. The luxury housing market in Asheville has seen softness amid increased supply, but the median asking price for luxury homes is still higher than the national average.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about a luxury home for sale in Asheville, North Carolina, including details about the property, its features, and the current real estate market in the area. It also mentions the owner’s background without making any personal judgments or opinions.
Noise Level: 6
Noise Justification: The article primarily focuses on a specific real estate listing and its price reduction, which may not be relevant or useful for most readers unless they are interested in luxury homes in Asheville, North Carolina. It provides some context about the local housing market but does not offer significant insights or analysis beyond reporting on the price cut and market trends.
Public Companies: Premier Sotheby’s International Realty (null)
Key People: Marcus Katz (Owner), Pearl Baker Katz (Owner), Alec Cantley (Marketing Agent)

Financial Relevance: Yes
Financial Markets Impacted: Luxury real estate market in Asheville, North Carolina
Financial Rating Justification: The article discusses a luxury home being listed for sale at a reduced price, which can impact the local luxury housing market and potentially affect other high-end properties in the area.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in this article. It discusses a price cut on a luxury home in Asheville, North Carolina.

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