Storybook Cottage with Income Potential on a Private Acre Near Asheville. Just 20 minutes from downtown Asheville, this charming storybook cottage offers the perfect blend of mountain character, flexibility, and investment opportunity. Nestled on a lush, wooded one-acre lot, the property delivers the privacy and peaceful setting buyers crave, complete with a firepit for gathering under the stars. The main home features convenient main-level living with a cozy fireplace anchoring the living space, while the fully furnished lower-level apartment offers exceptional versatility. With its own newly installed fireplace, the apartment is ideal for short-term rentals, long-term tenants, multi-generational living, or savvy house hackers looking to offset their mortgage. Adding even more value is a detached 350-square-foot studio/workshop, perfect for a home office, artist's retreat, fitness space, or creative workspace. Whether you're searching for a mountain getaway, an income-producing property, or a home with room to live, work, and create, this unique Fairview retreat checks all the boxes. Enjoy the serenity of nature while remaining just minutes from Asheville's restaurants, breweries, shopping, and outdoor adventures.
Single-familyProperty Type
1982Year Built
1.01 acresLot Size
$238Price/Sq.Ft.
Listed by Julie Mallett• Howard Hanna Beverly-Hanks
Mountain Duplex Oasis - Nestled on an acre lot with a lush wooded setting less than 20 minutes from Asheville, this charming mountain duplex offers flexibility, comfort, and excellent investment potential. Whether you’re looking for a full rental property, multi-generational living, or a mountain getaway, this property delivers. The main/upper-level unit features a warm and inviting living space with a gas fireplace, full kitchen, washer and dryer, spacious bedroom, and an additional bonus room perfect for an office, guest room, or creative space. The lower-level unit has its own private exterior entrance at the rear of the home and a separate outdoor sitting area for relaxing in the peaceful mountain surroundings. Inside you’ll find a kitchenette, a new fireplace, washer and dryer, one bedroom, and a full bath—creating a comfortable and independent living space. Surrounded by nature, this property feels like a private mountain retreat while still being conveniently located. Ideal for: Living in one unit and renting the other; Long-term or short-term rental income; Multi-generational living or guest quarters; a smart investment property in a premier mountain setting; a rare opportunity to own a flexible mountain oasis with income potential just minutes from Asheville.
CANOPYMLS as Distributed by MLS Grid #4345277
Jul 28, 2026
Contingent
—
Jul 10, 2026
Price Changed
$399,000
$238/sq ft
Jul 2, 2026
Price Changed
$409,000
$244/sq ft
Jun 10, 2026
Price Changed
$424,900
$253/sq ft
May 12, 2026
Price Changed
$439,500
$262/sq ft
Mar 31, 2026
Price Changed
$450,000
$268/sq ft
Mar 3, 2026
Price Changed
$497,500
$296/sq ft
Feb 12, 2026
Listed
$525,000
$313/sq ft
CANOPYMLS as Distributed by MLS Grid #3743586
Jul 2, 2021
Sold
$413,000
$246/sq ft
May 26, 2021
Contingent
—
May 24, 2021
Listed
$375,000
$223/sq ft
+17
Looking for the perfect mountain getaway? Come escape to the peace and serenity of a beautifully renovated Fairview cottage. Grab a book and head to the fenced in back yard under the canopy and privacy of mature trees. All within the convenience of the backyard, enjoy the 360sf studio with electric and propane heat that is steps away from the private lower level entry and patio. Fully remodeled main and upstairs, complete with new bath featuring shiplap walls. The kitchen is the life of the home with all new cabinets, appliances and butcher block counter tops. Genuine hardwood flooring graces the main level. The new craftsman-style and barn doors, new hardware throughout, and stone tile wall behind furnace in living room add style and character. All that's left to do is for you to move in!
CANOPYMLS as Distributed by MLS Grid #3633295
Nov 12, 2020
Sold
$325,000
$194/sq ft
Oct 6, 2020
Pending
—
Sep 30, 2020
Price Changed
$338,500
$202/sq ft
Aug 20, 2020
Price Changed
$343,000
$204/sq ft
Jul 17, 2020
Listed
$348,500
$208/sq ft
Jul 15, 2020
Coming Soon
$348,500
$208/sq ft
CANOPYMLS as Distributed by MLS Grid #3120907
Nov 17, 2015
Sold
$180,000
$107/sq ft
Oct 13, 2015
Delisted
—
Oct 9, 2015
Listed
$174,900
$104/sq ft
Public Records
Sep 30, 2010
Sold
$167,500
$100/sq ft
Public Records
May 22, 1997
Sold
$77,500
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,827 (+4.3%)
$22,600 + $235,900
$258,500
2024
$1,752 (+5.4%)
$22,600 + $235,900
$258,500
2023
$1,662 (+1.6%)
$37,600 + $220,900
$258,500
2022
$1,636
$37,600 + $220,900
$258,500
2021
$1,636 (+58.8%)
$37,600 + $220,900
$258,500
2020
$1,031
$37,600 + $220,900
$258,500
2019
$1,031 (+4.7%)
$37,600 + $115,300
$152,900
2018
$985
$37,600 + $115,300
$152,900
2017
$985 (−1.0%)
$37,600 + $115,300
$152,900
2016
$995
$37,600 + $115,300
$152,900
2015
$995
$40,900 + $99,500
$140,400
2014
$995
$40,900 + $99,500
$140,400
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1.5
Lot width
—
Lot depth
—
Lot size
0.44 Acres
Year renovated
1982
Finished Sq. Ft.
1,620
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,620
Year built
1982
Style
Single Family Residential
County
Buncombe County
APN
969646140400000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
OU
Open Use District
The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office
Apr 16, 2026 • Final
Fuel piping
Gas
Aug 19, 2021 • Final
Residential combo
Electrical
HVAC
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
3/10 Heat Factor
7 days above 93° expected this year, 21 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
2 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fairview, NC • 28730
Average low and high temperatures (°F)
43
25
52
32
64
40
72
48
72
53
82
61
85
66
79
62
74
58
67
47
59
40
49
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 116 Vehorn Rd
$383,428
$16K under list price of $399K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $395K to $580K.