506 Olde Covington Way

1,360 Sq. Ft.
$215 / Sq. Ft.
1,360
Sq. Ft.
$215
per Sq. Ft.

Description

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...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.
  1. Listed by Kristi Brannon • Two Trails LLC • kbrannon@twotrailsllc.com

Property Details for 506 Olde Covington Way

Waterfront Features
None
Parking Features
Driveway, Attached Garage, Garage Door Opener
Subdivision Name
Covington Crossing
LISTING UPDATED: 01/29/2026 08:10 AM

Property Details for 506 Olde Covington Way

StatusActive
MLS #4314368
Days on Market90
Taxes-
HOA Fees$213 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2002
CountyBuncombe County

Location

Listing Courtesy of Two Trails LLC
Add your commute

Building Information for 506 Olde Covington Way

Building/Complex506 Olde Covington WayFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built2002

Payment Calculator

$1,727 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,423

Property Taxes

$91

HOA Dues

$213

The Payment Calculator is for illustrative purposes only.

Property Information for 506 Olde Covington Way

Summary
Location and General Information
  • Longitude: -82.499973
  • Latitude: 35.451604
  • Directions: From I-26 to Airport Road exit, left on Airport Rd, cross over 25 (Hendersonville Rd) onto 25A (Sweeten Creek) and take first right on Pensacola Ave, take immediate right on Christ School Road then .04 to right on Baldwin Rd and another .04 to right into Covington Crossing on Olde Covington Way. .03 to condos on right.
Taxes and HOA Information
  • HOA YN: Yes
  • HOA Name: Baldwin Real Estate
  • HOA Name2: Two Trails
  • HOA Email: rebecca@baldwinrealestateinc.com
  • HOA Email2: kbrannon@twotrailsllc.com
  • HOA Phone: 828-684-3400
  • HOA Phone2: 828-696-2173
  • HOA Subject To: Required
  • HOA Subject To Dues: Mandatory
  • HOA Fee2: $157.00
  • HOA Fee2 Frequency: Annually
  • HOA Annual Expense: $2,713.00
  • Tax Assessed Value: $167,500.00
  • Parcel Number: 9653-77-8695-CE506
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Cane Creek
  • High School: T.C. Roberson
  • Elementary School: Glen Arden/Koontz
Parking
  • Parking: Open Spaces: 2.0
  • Parking: Open Parking YN: Yes
  • Parking: Carport YN: No
  • Garage Spaces: 1.0
  • Garage YN: Yes
  • Garage Main Level YN: Yes
Property
Lot Information
  • Above Grade Finished Area: 1360.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 810
  • Sq Ft Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 550
  • Sq Ft Total Property HLA: 1360.0
  • Lot Features: Cul-De-Sac, Level
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 15
  • Road Responsibility: Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Land Included YN: No
  • Plat Book Slide: 0086-0152
  • Proposed Special Assessment: No
  • Restrictions: Subdivision
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas, Underground Utilities
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl
  • Patio And Porch Features: Covered, Front Porch, Patio
  • Pool Private YN: No
  • Road Surface Type: Asphalt, Paved
  • Roof: Architectural Shingle
  • Entry Location MLS: Main
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator with Ice Maker
  • Levels: Two
  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Laundry Features: Laundry Room, Main Level
  • Entry Level: 1
  • Fireplace Features: Family Room, Gas
  • Fireplace YN: Yes
  • Flooring: Carpet, Linoleum
  • Foundation Details: Slab
  • Basement YN: No
  • Bedroom Main: 0
  • Bedroom Upper: 3
  • Full Bath Main: 0
  • Full Bath Upper: 2
  • Half Bath Main: 1
  • Half Bath Upper: 0
Room Information
Room Information
  • Room Count: 8.0
Room 1
  • Room Types: Kitchen
  • Room Level: Main
Room 2
  • Room Types: Family Room
  • Room Level: Main
Room 3
  • Room Types: Laundry
  • Room Level: Main
Room 4
  • Room Types: Primary Bedroom
  • Room Level: Upper
Room 5
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 6
  • Room Types: Bedroom(s)
  • Room Level: Upper
Room 7
  • Room Types: Bathroom-Full
  • Room Level: Upper
Room 8
  • Room Types: Bathroom-Full
  • Room Level: Upper
Rental
Rent Information
  • Pets Allowed: Yes

Property History for 506 Olde Covington Way

DateEvent & SourcePriceAppreciation
Jan 29, 2026

Price Change

CANOPY #4314368

$292,000—
Dec 23, 2025

Price Change

CANOPY #4314368

$298,000—
Nov 25, 2025

Listed (Active)

CANOPY #4314368

$304,000—
Nov 30, 2006

Closed (Public Record)

Public Record #211430886

$123,000

+10.3% / yr

Apr 14, 2004

Closed (Public Record)

Public Record #594894260

$95,000—
DateEvent & SourcePrice
01/29/2026

Price Change

CANOPY #4314368

$292,000
12/23/2025

Price Change

CANOPY #4314368

$298,000
11/25/2025

Listed (Active)

CANOPY #4314368

$304,000
11/30/2006

Closed (Public Record)

Public Record #211430886

$123,000

+10.3% / yr

04/14/2004

Closed (Public Record)

Public Record #594894260

$95,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Olde Covington Way

Taxable ValueLand-Additions-Total-
Tax Record2025$1,086 ($91 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,380 SqFtAbove Grade Finished SqFt1,380 SqFtStories2Lot Size871 SqFtStyleCondominiumYear Built2002ZoningDEED DATE:08/CountyBUNCOMBEAPN9653-77-8695-CE506Fireplace TypeHas Fireplace

Schools near 506 Olde Covington Way

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Glen Arden Elementary
PublicPK to 4

Koontz Intermediate School
Public5 to 6

Cane Creek Middle
Public6 to 8

T C Roberson High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

506 Olde Covington Way is a condo for sale in Arden, NC 28704. This property was listed for sale on November 25, 2025 by Two Trails LLC, it's currently listed at $292,000. It has been on the market for a total of 90 days and was last sold on November 30, 2006. This listing's school district is Buncombe County Schools. Nearby schools include Glen Arden Elementary, Koontz Intermediate School and Cane Creek Middle. 506 Olde Covington Way is a 3-bed, 3-bath, 1,360 sqft condo built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Two Trails LLC

Based on information submitted to the MLS GRID as of 01/29/2026 08:10 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.