Searching ...

Enjoy the security of a lock and leave gated active community that is nestled over 115 of acres with ponds, mountain views, trails, gardens, tennis, pickleball, indoor pool, clubhouse But when you step into 5 Ridge you will warm your senses with natural light from the majority of the windows and doors that have been updated along with fresh interior neutral paint. The layout is open and inviting from the stone fireplace with Valor gas inserts, updated wood floors, eat-in kitchen with plenty of storage. The layout allows for a primary suite plus 2nd bed/bath on the main level, while the walk-out terrace level has a 3rd bed plus a large den and office space. The colors of the mountains can be seen from most rooms and the wrap-around porch is perfect for enjoying dining al fresco. Updates include replacing the majority of the original doors/windows; generator; flooring; plantation shutters/levelor blinds; Valor gas inserts; updated kitchen. The 2026 tax value is $569,300 and the 2027 tax bill will be based on that amount.

Highlights

  • Residential
  • Condominium
  • Built in 1986
  • $1,150/mo HOA
  • 2 Car Garage
  • 399 days on Market

  • Bedrooms
    3
  • Bathrooms
    3
  • Year Built
    1986
  • Construction Materials
    Stone
  • Garage Spaces
    2.0
  • Living Area
    2887.0
  • Interior Features
    Walk-In Closet(s)
  • Appliances
    Dryer, Dishwasher, Refrigerator, Washer, Oven
  • Flooring
    Tile, Vinyl, Carpet, Wood
  • Patio And Porch
    Deck, Wrap Around
  • Cooling
    Ceiling Fan(s), Central Air, Heat Pump
  • Heating
    Natural Gas, Heat Pump, Central
  • Basement
    Walk-Out Access, Partially Finished

  • Lot Features
    Wooded, Private
  • Utilities
    Cable Available, Natural Gas Available, Electricity Connected
  • Water
    Public


Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 5 Ridge Terrace?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5 Ridge Terrace.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 5 Ridge Terrace?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 3 bath, listed for $695,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Asheville, and can even get you in to see the property quickly.

How do I get a virtual tour of 5 Ridge Terrace?

Yes! A virtual tour is available for 5 Ridge Terrace. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 5 Ridge Terrace?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 5 Ridge Terrace at around $3,768. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 5 Ridge Terrace?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Buncombe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 5 Ridge Terrace?

In most cases, yes. Whether 5 Ridge Terrace is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Asheville's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 5 Ridge Terrace?

We can handle that for you. Our preferred local agent specializes in residentials in Asheville and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $695,000 with 2,887 sqft of space—that comes out to approximately $241 per square foot.

How long has this property been on the market?

5 Ridge Terrace was listed on October 02, 2025, which means it's been on the market for 399 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1986, making it approximately 40 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Asheville
  • Middle: Asheville
  • High: Asheville

Want to see how these schools compare? Check out our Buncombe County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $1,150 paid monthly.

This covers access to community features including: Trail(s), Dog Park.

Is 5 Ridge Terrace still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Asheville, NC


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Canopy MLS. All rights reserved.

Last Updated: November 05, 2026 at 06:00PM | Source: Canopy MLS | MLS#: 4308830