Great investment opportunity and STRs ALLOWED! Rent main level and in-law suite or live in one and rent the other! Culdesac home in the sought-after, established Fairview Downs gated community. Located 5 minutes from groceries and dining and just a short drive to the heart of Asheville. This multi-family home features 3 bedrooms on the main level and a spacious IN-LAW SUITE on the lower level, all located on a large, LEVEL LOT. Feel like royalty in the oversized primary suite with a versatile changing room or office and your own personal fireplace. Walk outside and enjoy the beautiful MOUNTAIN VIEWS from your oversized deck that is perfect for entertaining or take a dip in the hot tub. Ample parking with a wrap-around driveway and oversized two-car garage with a workshop. The gated neighborhood features a playground, volleyball court, picnic area, and a paved trail all while keeping the HOA dues low.
Fairview Downs Private Gated Community. Easy Access to All Major Highways from E. Asheville. Home has $25,000 in upgrades with a newer roof, gutter guards, HVAC and SS Samsung Appliances included w/ home warranty. The lot is slightly sloping with mature trees offering plenty of shade which keeps the home cool in the summertime with low utility bills most of the year. The upper level 3/2, lower level studio apt w/ separate entrance. Vacation rental. Corporate Relo priced for a quick sale.
CANOPYMLS as Distributed by MLS Grid #1
May 31, 2019
Price Changed
$349,900
$122/sq ft
May 10, 2019
Price Changed
$399,990
$139/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,506 (+4.3%)
$51,000 + $303,700
$354,700
2024
$2,403 (+6.8%)
$51,000 + $303,700
$354,700
2023
$2,251 (+1.6%)
$51,000 + $303,700
$354,700
2022
$2,216
$51,000 + $299,100
$350,100
2021
$2,216 (+10.6%)
$51,000 + $299,100
$350,100
2020
$2,003
$51,000 + $299,100
$350,100
2019
$2,003 (+4.7%)
$42,500 + $254,700
$297,200
2018
$1,914
$42,500 + $254,700
$297,200
2017
$1,914 (−4.0%)
$42,500 + $254,700
$297,200
2016
$1,993
$42,500 + $254,700
$297,200
2015
$1,993
$47,200 + $234,000
$281,200
2014
$1,993
$47,200 + $234,000
$281,200
Tax history for 209 Riva Ridge Dr
Year
Property tax
Land + Additions
Assessment*
2025
$2,506 (+4.3%)
$51,000 + $303,700
$354,700
2024
$2,403 (+6.8%)
$51,000 + $303,700
$354,700
2023
$2,251 (+1.6%)
$51,000 + $303,700
$354,700
2022
$2,216
$51,000 + $299,100
$350,100
2021
$2,216 (+10.6%)
$51,000 + $299,100
$350,100
2020
$2,003
$51,000 + $299,100
$350,100
2019
$2,003 (+4.7%)
$42,500 + $254,700
$297,200
2018
$1,914
$42,500 + $254,700
$297,200
2017
$1,914 (−4.0%)
$42,500 + $254,700
$297,200
2016
$1,993
$42,500 + $254,700
$297,200
2015
$1,993
$47,200 + $234,000
$281,200
2014
$1,993
$47,200 + $234,000
$281,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.73 Acres
Year renovated
1997
Sq. Ft.
2,885
Year built
1985
Style
Single Family Residential
County
Buncombe County
APN
967688457700000
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
Nov 14, 2025 • Active
Electrical
Perform a full electrical service change.
Electrical
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.
Property details
Parking
Parking Information
Main Level Garage Y/N: 0
SqFt Garage: 749
Parking Features: Attached Garage, Garage Faces Side