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Great work! Thanks WNCRod!
According to property records, the property was purchased by real estate developer Richard Grant. The site is already under the "In Progress" portfolio section of the Beverly-Grant Web site:
http://97.74.114.116/index.php?option=com_content&task=view&id=104
The seller has signed a Consent to Construction and Improvements in which they've agreed to modify, change and improve the property as long as the improvements preserve the historical nature and integrity of Biltmore School.
Gotta love online public records. Takes me back to my early days at the C-T as a news clerk. I spent hours in the Register of Deeds office copying property records.