Atop one of the most distinguished ridge lines in Biltmore Forest, 324 Vanderbilt Road is a landmark estate of remarkable provenance, scale and architectural significance. Known as New Gunston Hall, the residence was completed in 1923 as one of the first homes ever built in Biltmore Forest and remains among the community’s iconic properties. Inspired by the historic Gunston Hall in Virginia and designed by renowned architect Waddy Butler Wood, the Colonial Revival estate is listed on the National Register of Historic Places and represents a level of craftsmanship and permanence rarely seen today. Behind its gated entrance, more than 11 acres unfold with a level of privacy, scale and presence rarely found so close to Biltmore Village and downtown Asheville, creating an extraordinary sense of arrival while remaining moments from the city’s premier dining, shopping and cultural amenities. Constructed with enduring materials including Flemish bond brickwork and slate roofing, the home spans approximately 8,688 square feet and balances historic grandeur with refined livability. Extensive renovations completed between 2013 and 2016 thoughtfully preserved the architectural integrity of the residence while incorporating modern systems, updated infrastructure and elevated finishes throughout. Rich millwork, elegant formal spaces, a distinguished library and meticulously restored details reflect the craftsmanship of another era, while the scale and flow of the home create an environment equally suited for intimate daily living and large-scale entertaining. The grounds are among the estate’s defining features. Rolling lawns, mature trees, formal gardens and exceptional privacy create the feeling of a private country estate tucked within one of the Southeast’s sought-after communities. Properties of this caliber and historical significance rarely become available, particularly within Biltmore Forest. New Gunston Hall is more than a home, it is a legacy estate with an irreplaceable place in Asheville’s architectural history.
Single-familyProperty Type
1923Year Built
11.26 acresLot Size
$1,122Price/Sq.Ft.
6 car garageParking
Listed by Alec Cantley• Premier Sotheby’s International Realty
Remarkable replica of Gunston Hall sited on 11 prime Biltmore Forest acres, green house, caretakers house, garden house. On the National Register of Historic Places. Carefully updated and restored with exceptional woodwork and details. Luxurious library, elegant formal rooms, gated entrance. Notable estates of this size are usually found in remote locations but this property is only 8 minutes from downtown, 4 minutes from Biltmore Village.
Public Records
Feb 2, 1987
Sold
$600,000
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,359 (−1.1%)
$2,432,800 + $743,100
$3,175,900
2024
$17,556 (+3.9%)
$2,432,800 + $743,100
$3,175,900
2023
$16,891 (+2.0%)
$2,442,800 + $949,000
$3,391,800
2022
$16,552
$2,442,800 + $949,000
$3,391,800
2021
$16,552 (+15.1%)
$2,442,800 + $949,000
$3,391,800
2020
$14,379
$2,442,800 + $949,000
$3,391,800
2019
$14,379
$1,582,900 + $1,135,300
$2,718,200
2018
$14,379 (−1.9%)
$1,582,900 + $1,135,300
$2,718,200
2017
$14,651 (+8.4%)
$1,582,900 + $1,135,300
$2,718,200
2016
$13,510
$1,582,900 + $1,135,300
$2,718,200
2015
$13,517 (+20.4%)
$848,900 + $1,388,000
$2,236,900
2014
$11,231
$848,900 + $1,009,300
$1,858,200
Public record
Public record
Zoning
Permits
Beds
3
Baths
6
Stories
1.5
Lot width
—
Lot depth
—
Lot size
11.26 Acres
Year renovated
1922
Finished Sq. Ft.
7,438
Unfinished Sq. Ft.
—
Total Sq. Ft.
7,438
Year built
1922
Style
Other
County
Buncombe County
APN
964783313500000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-1
Residential District
The R-1 Residential District encompasses most of the town’s developed residential areas and contains residential structures of historical and architectural significance in a most unique residential environment. The intent of the R-1 District is to preserve and enhance the character of existing neighborhoods and generally to provide a pleasant living environment. These neighborhoods consist of single-family owner occupied detached dwelling units placed on relatively large lots with considerable open spaces between structures, thus creating a low-density residential environment.; Nonresidential uses, including home occupations, have been limited in this District as a means of maintaining the character of these neighborhoods. Likewise, dimensional requirements pertaining to lot size, building setbacks, yard requirements, and height limitations have been established to promote the general welfare and preservation of the community.; Future construction and alteration of existing structures should be oriented at maintaining and enhancing the existing character of the residential neighborhoods. Therefore, structures should be compatible in materials, height, siting, color, texture, scale, and proportion to the other structures in the neighborhood. The R-1 District also contains undeveloped areas to provide locations for future single-family subdivisions.; Consistent with, and to protect the existing character of the neighborhoods in this District, home stays and short term rentals are not allowed.
May 16, 2011 • Final
Plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Asheville, NC • 28803
Average low and high temperatures (°F)
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57
69
48
60
42
50
32
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 324 Vanderbilt Rd
$8,422,548
$1.3M under list price of $9.75M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.4M to $6.0M.