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1061 Riverside Dr #1063, Asheville, NC, 28804

6beds
7baths
3,432sqft
$1,160,000
$338price/sqft
$7,073/moest. monthly cost
$282,920/yrincome needed

About This Home

If Asheville had a front porch, this would be it. Welcome to a rare, two-property offering at 1061 and 1063 Riverside Drive—lined up like best friends along one of the most iconic stretches of river in Asheville, NC, with sunset views of the French Broad River. This is the kind of place where mornings start with mist on the water, afternoons drift by with kayaks floating past, and evenings feel like a scene from a movie you don’t want to end. Each home has its own personality, but together they create something special: a riverfront compound with serious short-term rental potential. Think weekend travelers, leaf-season dreamers, cyclists, paddlers, brewery-hoppers, and people who type “Riverfront Cabin Asheville” into Zillow. Whether you’re envisioning multiple income-producing STRs, a live-in-one-rent-the-others, or a legacy property to hold onto forever, this portfolio gives you flexibility and options. Location? It doesn’t get better. You’re minutes to Downtown Asheville, UNCA, the River Arts District, and some of the best food and music in the Southeast—yet it still feels peaceful, and connected to nature. Riverside Drive has long been loved for its character, convenience, and that unbeatable river vibe—and properties like this don’t come around often, especially three together. This is the kind of place that makes people say, “Everyone loves Asheville.” Come see it before someone else turns it into their favorite investment—or their favorite place on earth.

Getting Around

17
WalkingCar-Dependent
18
TransitMinimal Transit
38
BikeSomewhat Bikeable

Schools

3/10
Woodfin ElementaryGrades K-50.4 mi
6/10
3/10
Clyde A Erwin HighGrades PK,9-122.5 mi

Construction

Condition

  • Year built: 2022

Materials

  • Roof: Metal
  • Construction materials: Stucco,Hardboard Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Oven,Electric Range,Electric Water Heater,Exhaust Fan,Exhaust Hood,Microwave,Plumbed For Ice Maker,Refrigerator,Washer/Dryer
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Daylight,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Door features: Insulated Door(s)
  • Window features: Insulated Windows
  • Flooring: Carpet,Wood
  • Finished area below ground: 754
  • Finished area above ground: 2,678

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 3,432
  • Total interior livable area: 3,432 sqft

Property

Details

  • Parcel number: 973052337500000
  • Zoning: CWO-R7
  • Special condition: Standard

Features

  • Stories: 3
  • Patio & porch: Balcony,Covered,Deck,Porch
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 0.34 Acres
  • Features: Rolling Slope

Parking

  • Total spaces: 4
  • Parking features: Driveway,Parking Space(s)
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind

FEMA Declared Disasters in Buncombe County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,865$70,380
Home Insurance *$339$4,068
Property Taxes $550$6,600
Electricity $319$3,835
Total$7,073$84,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$242,502/yr
40% on housing$212,190/yr
45% on housing$188,613/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$338This listing

vs Other Active Listings

Avg $/sqft

ZIP 28804$393
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28804$307
Buncombe County$278

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$1,199,000
2026-01-07Listed for sale$1,250,000

For Sale by Agent

AgentDavid King
BrokerageEXP Realty LLC

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