Rare opportunity to own a 3,000-plus square-foot, five-bedroom home in the heart of Malvern Hills, one of West Asheville's accessible and sought-after neighborhoods known for its established homes and large lots. This beautifully renovated home offers a rare combination of space, flexibility and location that is difficult to find in this part of Asheville. The main level features a bright, open flow with hardwood floors, great natural light, and an updated kitchen with stainless appliances, gas range with hood, custom countertops, and a wood-burning fireplace that anchors the space, blending character and comfort for easy everyday living and laid-back entertaining. Enjoy sunrise and winter mountain views from the expansive composite deck with pergola, an ideal outdoor living space, overlooking a level, fenced and private backyard complete with fire pit, hot tub, and room to relax or entertain. The spacious primary suite on the main level and the finished lower level with private exterior entrance add exceptional versatility, offering additional bedrooms, full baths, and multiple rec or media spaces, ideal for a home office, client-facing business (owners have city permit), or potential short-term rental/homestay (buyer to confirm). Major updates include a roof approximately six years old, Bosch furnace (2022), on-demand hot water and whole-house water filtration. Just minutes from downtown Asheville and a short walk to Malvern Hills Park, close to the shops and restaurants of Haywood Road, and near the Hominy Creek Greenway, this move-in-ready home offers rare square footage, a five-bedroom layout and flexible living options in one of the city's desirable neighborhoods. Priced below tax appraisal.