Oakley Homes under $350,000

Welcome to Oakley, a charming subdivision nestled in the heart of Asheville, North Carolina. Known for its vibrant community spirit and picturesque surroundings, Oakley offers a unique blend of suburban tranquility and urban convenience. With its close proximity to downtown Asheville, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, all while being enveloped in the natural beauty that the Blue Ridge Mountains provide.

One of the standout features of Oakley is its affordability. In a city where real estate prices can soar, this subdivision offers a variety of homes under $350,000, making it an attractive option for first-time homebuyers, young families, and anyone looking to invest in the Asheville area. These homes are not only budget-friendly but also reflect the warm and inviting character of the neighborhood. With charming architecture and well-maintained yards, the properties here are a true testament to the community's pride.

Oakley is also known for its welcoming atmosphere, where neighbors become friends and community events foster a sense of belonging. Spend weekends exploring the nearby parks, hiking trails, and local markets, or simply relax on your porch while soaking in the serene surroundings.

Whether you're drawn by the affordable housing options or the vibrant community, Oakley is a delightful place to call home. Discover the perfect blend of comfort, convenience, and charm in this Asheville gem!

Newest Oakley Homes under $350,000

$305,000

3 Beds ⋅ 1 Baths ⋅ 4424244 MLS

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

$309,900

3 Beds ⋅ 3 Baths ⋅ 4413257 MLS

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

$325,000

2 Beds ⋅ 1 Baths ⋅ 4352652 MLS

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

$349,000

3 Beds ⋅ 3 Baths ⋅ 4393611 MLS

PRICE REDUCED! $10,000 SELLER CREDIT OFFERED AT CLOSING! First-time buyers and investors—this one deserves a closer look! A rare 3-bedroom, 3-bath opportunity in Oakley priced under $400K, offering an attractive entry point into the Asheville market without giving up the space you need. For the first-time buyer, the $10,000 seller credit can help with closing costs, prepaid expenses, or other upfront costs, making homeownership a little more attainable. Plus, major recent updates—including a brand-new HVAC system and new carpeting in all three bedrooms—mean fewer immediate big-ticket expenses to worry about. For the investor or value-minded buyer, the property's 3-bed/3-bath layout, dedicated parking, private access, and expansive lower-level basement create plenty of possibilities. Use the basement as a workshop, storage, home gym, or explore the potential for future finished space and added value, subject to permitting and buyer verification. Set quietly off the street, the home offers a sense of privacy while remaining incredibly convenient. The shared driveway provides off-street parking for up to 3 vehicles, while the low-maintenance grounds make ownership and upkeep more manageable. And the location? You’re close to some of Asheville's most desirable destinations, with easy access to I-240, Downtown Asheville, and historic Biltmore Village. Whether you're looking for your first home, an opportunity to build equity, or a property with investment potential, this is a compelling combination of price, space, updates, location, and flexibility. With the price reduction AND $10,000 seller credit, now is the time to take another look. Schedule your private tour today and see the possibilities for yourself!

501 Fairview Road, Asheville

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .