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123 3rd St, Asheville, NC, 28803

4beds
4baths
2,697sqft
$695,000
$258price/sqft
$4,732/moest. monthly cost
$189,280/yrincome needed

About This Home

Modern Craftsman New Construction in Oakley – Minutes from Downtown Asheville! Welcome to this stunning new construction Modern Craftsman nestled in the desirable Oakley community, just minutes from Downtown Asheville and all the shopping, dining, and charm of nearby Biltmore Village. Offering 2697 square feet of thoughtfully designed living space, this exceptional home combines contemporary style with timeless craftsmanship. Featuring 4 bedrooms and 3.5 bathrooms, the open-concept floor plan is ideal for both everyday living and entertaining. The heart of the home is the chef-inspired kitchen, highlighted by an impressive 12.5-foot quartzite island, gas range, custom finishes, and abundant workspace. Enjoy seamless indoor-outdoor living with two spacious rear porches perfect for relaxing, dining, or taking in the surrounding mountain atmosphere. The luxurious primary suite includes its private porch, creating a peaceful retreat for morning coffee or evening relaxation. The versatile lower level offers excellent potential as a private apartment, guest suite, or in-law living space, providing flexibility for multigenerational living, visiting guests, or additional income opportunities. Conveniently located less than 10 minutes from downtown Asheville, this home offers easy access to award-winning restaurants, breweries, outdoor recreation, and the historic Biltmore Estate while maintaining the comfort and community feel of Oakley.

Getting Around

21
WalkingCar-Dependent
30
TransitSome Transit
15
BikeSomewhat Bikeable

Schools

3/10
Oakley ElementaryGrades PK-50.9 mi
8/10
A C Reynolds MiddleGrades 6-83.2 mi
8/10
A C Reynolds HighGrades PK,9-123.2 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Construction materials: Fiber Cement

Type & Style

  • Home type: SingleFamily
  • Architectural style: Arts and Crafts
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Apartment,Exterior Entry,Walk-Out Access

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Main

Bathroom Half

  • Level: Main

Bedroom S

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Area

  • Level: Main

Features

  • Breakfast Bar,Open Floorplan,Pantry,Walk-In Closet(s)
  • Door features: Sliding Doors
  • Window features: Insulated Windows
  • Flooring: Tile,Wood
  • Fireplace features: Living Room,Propane
  • Finished area below ground: 975
  • Finished area above ground: 1,722

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air,Heat Pump

Interior Area

  • Total structure area: 1,722
  • Total interior livable area: 2,697 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Upper

Property

Accessibility

  • Accessibility features: Two or More Access Exits

Details

  • Parcel number: 965811926200000
  • Zoning: R-3
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Deck,Front Porch,Porch
  • Has view: Yes
  • View description: Winter

Lot

  • Lot size: 0.25 Acres
  • Features: Views

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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 WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Strong Wind
Ice Storm
Tornado
Winter Weather

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 $3,514$42,168
Home Insurance *$269$3,228
Property Taxes $698$8,376
Electricity $251$3,014
Total$4,732$56,784
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$162,240/yr
40% on housing$141,960/yr
45% on housing$126,186/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

$258This listing

vs Other Active Listings

Avg $/sqft

ZIP 28803$344
Buncombe County$291

vs Homes Sold Last Month

Median $/sqft

ZIP 28803$306
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
2026-08-14Price change$674,500
2026-06-04Listed for sale$695,000

New Construction

AgentCaitlyn Thompson
BrokerageIvester Jackson Blackstream

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