Oakley Homes under $400,000

Oakley Homes under $400,000

Welcome to Oakley, a vibrant neighborhood nestled in the heart of Asheville, North Carolina, within the picturesque Buncombe County. Oakley is renowned for its charming blend of suburban tranquility and urban convenience, making it a perfect choice for families, young professionals, and retirees alike.

As you stroll through Oakley’s tree-lined streets, you’ll discover a warm community atmosphere complemented by an array of local amenities. The neighborhood boasts a variety of parks, walking trails, and recreational facilities, ideal for outdoor enthusiasts and families looking to enjoy quality time together. With a rich tapestry of local shops, cafes, and restaurants, residents can savor the delightful culinary scene and support small businesses right in their own backyard.

One of the most appealing aspects of Oakley is its diverse housing options, particularly for homebuyers seeking affordability in a thriving market. You’ll find a range of charming homes, many priced under $400,000, offering excellent value for those looking to settle in Asheville. These properties often feature inviting yards, modern updates, and easy access to the vibrant downtown area, where art, culture, and entertainment await.

Whether you’re drawn to the stunning Blue Ridge Mountains or the lively arts scene, Oakley provides a welcoming community that makes it easy to call home. With its affordable housing options and friendly atmosphere, Oakley is not just a neighborhood; it’s a place where memories are made, and dreams take root. Explore Oakley today and discover your perfect slice of Asheville!

Newest Oakley Homes under $400,000

31 Wilmington Road, Asheville
$349,900
3 Beds ⋅ 1 Baths ⋅ 4424630 MLS ⋅ ACTIVE UNDER CONTRACT Status
Oakley Brick Ranch with Mountain Views, Oversized Lot & Income Potential Welcome to this charming 3-bedroom, 1-bath brick ranch in desirable Oakley. Hardwood floors run throughout, and the bathroom features attractive tilework. The home is move-in ready with comfortable one-level living, while its versatile layout and unusually spacious lot offer exciting possibilities for the future. One of the property's biggest opportunities lies downstairs. The large unfinished basement, lower-level garage, and separate exterior entrance offer substantial space for expansion. Architectural plans and a property survey are already complete and included with the listing, illustrating the potential to nearly double the home's finished living area. Explore options for additional living space, an in-law suite, or potentially a separate apartment, subject to applicable approvals. Outside, the large, level, fenced backyard is a standout feature, with the added advantage of access from a second street and both front and rear parking. There's plenty of room for entertaining, gardening, playing or exploring the possibility of adding an ADU for additional living space or rental income, subject to City of Asheville zoning and permitting requirements. Enjoy mountain views from the front yard and a convenient Oakley location within walking distance of the school, library, and neighborhood amenities. Walk down the hill to Fairview Tavern or head just minutes to Fairview Road for groceries, coffee shops, restaurants, shopping, and fitness options. With easy interstate access, Biltmore Village and Downtown Asheville are just minutes away, while Black Mountain is an easy drive. Move-in ready today with exceptional potential for tomorrow, this property offers a rare combination of location, land, flexibility, and room to grow. Seller will consider seller financing to beat current lender rates - terms are negotiable. Book your showing today!

31 Wilmington Road, Asheville

Listing courtesy of Keller Williams Professionals. jason@newearthavlrealty.com
16 Shannon Drive, Asheville
$305,000
3 Beds ⋅ 1 Baths ⋅ 4424244 MLS ⋅ ACTIVE Status
Unique opportunity in the heart of Oakley, unbeatable location. Private, level lot with flowering trees and shrubs. Easy one level living with generous space for outdoor living. Double car carport. Eat in kitchen, with stainless steel appliances and lots of cabinetry, including a pantry. Possible to make a dining room in part of the large living room if desired. Brand new propane furnace barely used. Roof has architectural shingles. Seller to provide up to $700.00 towards Home Warranty of Buyer's choice. Basement has inside and outside entrances. Minutes to Biltmore Village, Asheville, Oakley Library, and I 240. Lot includes lot 2 and 3 Buyer to determine if subdividable. Home has been smoking free for approximately 15 years. Under Terminix bond until approximately 2 years ago.

16 Shannon Drive, Asheville

Listing courtesy of CENTURY 21 Mountain Lifestyles. athomewnc@gmail.com
8 First Street, Asheville
$309,900
3 Beds ⋅ 3 Baths ⋅ 4413257 MLS ⋅ ACTIVE Status
Unique opportunity in Oakley! One-story home with a finished basement in an unbeatable location, just minutes from everyday amenities and less than 10 minutes to downtown Asheville. Situated on a level lot, this charming property offers tremendous potential for someone ready to make it their own. The backyard features an above-ground pool with a separate pool house complete with a kitchen, full bath, and abundant storage. While this space is no longer in use and will require significant renovation or possible removal, it offers exciting possibilities for future outdoor living. The main level includes a bedroom, full bath, living room, and kitchen with dining area. Due to the main-level ceiling height being under 7 feet, it is not included in the home's finished square footage. The finished basement features two spacious bedrooms, two full baths, and a laundry room, all with ceiling heights of at least 7 feet. Whether you're looking for an investment, renovation project, or a chance to create a home tailored to your vision, this property is full of possibilities!

8 First Street, Asheville

Listing courtesy of Keller Williams Professionals. listings@TheMattAndMollyTeam.com
21 Lincoln Avenue, Asheville
$360,000
2 Beds ⋅ 1 Baths ⋅ 4412892 MLS ⋅ ACTIVE Status
Charming cottage in convenient and on-trend Oakley. On quiet street one block from Oakley Elementary, Oakley Park and library, public transportation, connections to I-240, I-40, and I-26, minutes to Biltmore Village and neighborhood pubs and brewery. Warm and inviting one level living with generous space for outdoor living and gardening. Newer appliances, updated bathroom, and new guttering system has been installed. Primary bedroom closet plumbed for 1/2 bath and Seller is offering $1,000 allowance to refit as a half bath. Attic and basement storage and garden shed.

21 Lincoln Avenue, Asheville

Listing courtesy of Nexus Realty LLC. 828-585-2188
49 First Street, Asheville
$315,000
2 Beds ⋅ 1 Baths ⋅ 4352652 MLS ⋅ ACTIVE Status
Are small city lots making you feel limited with the space you can afford? This cute Oakley home sits on a large fenced-in 0.46 acre lot in a great section of Oakley full of trees and a great community. The home offers so much with recent renovations that include a NEW furnace and HVAC system, new flooring, new hot water heater, new paint inside and new lower cabinets in the kitchen and a new roof installed 2024! More improvements are listed in the attachments. If you want a great home in a great neighborhood and the ability to stroll to Biltmore Village and the new All Day Darling eatery easily, this home may be for you. Seller is offer a credit for a new refrigerator to the buyer in the amount of $1,000 as well. Make this bright and cheerful city home yours today!

49 First Street, Asheville

Listing courtesy of Carolina Mountain Sales. rachaelgiesenschlag@gmail.com
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“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

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