Property listing for 38 Acona Lane, Asheville, NC 28803
For SaleSingle Family Home

$900,000

38 Acona Lane, Asheville, NC 28803

Energy‑Efficient 4BR/4BA New Build with Finished Walk‑Out Suite

4 Bed · 4 Bath · 2,679 Sq Ft

2024 green-built home in Wanoca Cottages — ~1 mile to Biltmore Village

4

Beds

4

Baths

2,679

Sq Ft

2024

Built

0.12 acres

Lot

none

Garage

About 38 Acona Lane

This contemporary, Energy‑Star certified home sits on a level lot at the end of Acona Lane inside the small Wanoca Cottages enclave — a short stroll toward Oakley and roughly one mile from Biltmore Village. Built in 2024, the house delivers 2,679 square feet of thoughtfully finished living space (1,885 SF above grade + a 794 SF finished walk‑out lower level) and a palette of durable exterior materials: cedar shake, fiber cement, stucco and a metal roof that reads modern while aging gracefully.

Step inside and the home reads as a modern, livable package. An open plan above grade accommodates daily life and entertaining while defined private rooms and four full baths keep family routines efficient. The finished walk‑out lower level is configured as a guest suite / potential ADU with its own entry — a flexible asset for multigenerational living or supplemental rental income (confirm HOA and local regulations). Mechanical systems emphasize efficiency: high‑efficiency heat pump/ductless zones, tankless water heating, and an EV charging provision for electric vehicles.

Outdoor living extends from a covered deck that captures seasonal mountain views and expands the entertaining footprint. The lot fronts a quiet cul‑de‑sac, benefits from community sidewalks and the Wanoca front‑porch orientation, and carries the practical advantages of new construction — a modern building envelope and low near‑term capital needs. HOA dues are modest (approximately $400/year) and the community plan includes a dog park and pocket features that attract buyers who want a compact, walkable neighborhood with low upkeep.

Location is a defining advantage: Biltmore Village is approximately one mile away for restaurants, shops and services, and downtown Asheville is a short drive (around 7 minutes) across the French Broad corridor. For buyers seeking turnkey, energy‑efficient construction with flexible rental/guest options, 38 Acona Lane presents an uncommon combination of new‑build quality, proximity to key Asheville anchors and a finished lower suite that broadens its possible uses. Verify HOA/ADU restrictions and Buncombe County deed records as part of due diligence.

Home Highlights

Energy‑Star / green‑built 2024 constructionFinished walk‑out lower‑level guest suite (ADU capable)EV charging provisionMetal roof and low‑maintenance exterior materialsCovered deck with seasonal mountain viewsApproximately 1 mile to Biltmore VillageHOA $400/year

Property Features

Interior Features

  • 2,679 total SF — 1,885 SF above grade + 794 SF finished walk‑out lower level (guest/ADU capable)
  • 4 bedrooms, 4 full bathrooms
  • Finished lower‑level suite with separate entry
  • Heat‑pump / ductless zone heating and cooling (Energy‑Star qualified)
  • Tankless water heater
  • Fireplace
  • Open plan living above grade

Exterior & Lot

  • 0.12‑acre level lot on Acona Lane cul‑de‑sac
  • Cedar shake, fiber cement and stucco exterior with metal roofing
  • Covered deck with seasonal mountain views
  • EV charging provision
  • Front‑porch oriented community with sidewalks
  • HOA maintenance and planned dog park (Wanoca Cottages)

Location & Neighborhood

  • Wanoca Cottages enclave in Oakley
  • Approximately 1.0 mile to Biltmore Village
  • Short (≈7‑minute) drive to downtown Asheville
  • Close to Oakley neighborhood amenities, breweries and restaurants
  • RS‑8 zoning; mixed new‑construction and renovated homes nearby
  • HOA fee approx. $400/year

Walkability & Recreation

  • Walkability Rating: 78/100 — Some errands on foot (very walkable pocket to Biltmore Village)
  • Nearby parks and green spaces within a short drive
  • Hiking and biking trails within a short drive (French Broad greenway access nearby)
  • Running/walking paths and community sidewalks
  • Community dog park planned in Wanoca Cottages
  • Easy access to dining and retail in Biltmore Village

Neighborhood & Location

Oakley’s Wanoca Cottages is a compact, front‑porch focused enclave that appeals to buyers seeking proximity to Biltmore Village and quick access to downtown Asheville. The neighborhood blends recent new construction with renovated older homes, and community features include sidewalks and a planned dog park. Local life revolves around nearby breweries, restaurants and the French Broad River corridor; the enclave’s short drives to greenways and city amenities make it attractive for active families, commuters and buyers who prioritize walkability and low‑maintenance living.

Market Insights

Wanoca Cottages and the broader Oakley pocket have exhibited strong demand for new, energy‑efficient homes and limited new‑construction inventory. Recent neighborhood transactions run a wide range — from renovated older stock in the $490K range to top‑tier new builds approaching or exceeding $900K–$1M — reflecting strong premiums for size, finish level and green building features. This product type (new single‑family homes with finished lower suites) is currently favorably positioned: buyers actively pay for turnkey, low‑maintenance properties close to Biltmore Village and downtown Asheville. Rental markets nearby show a premium for high‑quality units as well (local 4‑bed medians ~$3,200–$3,500; a Zillow Rent Zestimate for the subject indicates ~$4,367/mo), supporting optional investor cases if HOA/deed restrictions permit. Inventory for similarly specified new homes remains constrained, which benefits sellers, though prospective buyers should verify recent local inventory and mortgage rate impacts as part of timing decisions. In short, today’s market rewards move‑in ready, efficient construction in walkable pockets — this property sits at the upper end of that demand curve and should attract both owner‑occupant and investor interest with quick, well‑priced offers.

Nearby Schools

Oakley Elementary

Elementary

2/10

A. C. Reynolds Middle

Middle · 3.0 mi

A. C. Reynolds High

High · 3.0 mi

Walkability & Recreation

78
Walkability
80
Recreation

Excellent access to city greenways and the French Broad River corridor for biking and walking, with Biltmore Village amenities and foothill trailheads a short drive away.

Investment Highlights

  • Newer energy‑efficient construction (2024) — reduced near‑term capex and high buyer appeal
  • Finished walk‑out lower level / separate suite provides ADU/rental flexibility
  • Wanoca Cottages enclave — pocket community with planned dog park and front‑porch orientation
  • Approximately 1.0 mile to Biltmore Village and short drive to downtown Asheville — strong location premium
  • Recent closed MLS sale history and active Canopy MLS listing provide market liquidity signals

Key Findings

  • Canopy MLS / listing feeds show parcel APN 9657-29-2207-00000 and RS-8 zoning in listing public fields.
  • MLS/third‑party public records show a closed sale on 2025-04-10 for $939,675 and subsequent listing activity in late 2025/early 2026.
  • Assessed value in 2025 (public listing tax summary) recorded at $662,300 with property tax ~$6,869 (public MLS tax history snapshots).
  • Wanoca Cottages is a 15‑home enclave in Oakley with HOA fee ~$400/year and community features (dog park, sidewalks) — repeated in MLS remarks.
  • Nearby schools listed in MLS: Oakley Elementary, A.C. Reynolds Middle and High.

Things to Consider

  • Owner of record not confirmed via Buncombe County interactive search during web research — verify deed/ownership through county records.
  • Short‑term rental allowances and deed restrictions vary across Wanoca homes — confirm HOA and deed restrictions before relying on STR income assumptions.
  • Tax/assessment changes in 2024–2025 were significant for this parcel; confirm final assessed/taxable values with county records.

Opportunity Analysis

High‑quality, energy‑efficient new construction in Wanoca Cottages with a finished lower suite provides both strong owner‑occupant appeal and optional rental upside. Proximity to Biltmore Village and downtown supports valuation premiums; limited new supply increases resale upside.

Potential Use Scenarios

  • Position for owner‑occupant buyers emphasizing turnkey, energy efficiency and walkability to Biltmore Village.
  • If pursuing investment use, validate HOA/deed rules for short‑term rentals; long‑term rent estimate supports secondary income but income approach yields lower valuation weight.
  • Confirm deed/HOA restrictions and obtain county title search prior to contract.

Risk Factors

  • Ownership not confirmed in county public lookup during research — requires deed verification.
  • Local regulations or HOA deed restrictions could limit short‑term rental use.
  • Market is sensitive to inventory of new construction in Oakley; buyer appetite may vary with mortgage rate environment.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$860K

Midpoint

$900K

High

$940K

$335.79/SF estimated price per square foot

88% confidence

Primary valuation by sales-comparison to recent Wanoca Cottages and Oakley sales and current Canopy MLS listing activity; adjusted for new-construction quality, energy-efficient features, ADU/lower-suite, and proximity to Biltmore Village (premium). Income and cost approaches considered but given lower weight for single-family/new-construction product.

As of 2026-03-05T02:22:30Z

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Demographics

Oakley / 28803 has seen active new-construction and infill development; Wanoca Cottages is a recent pocket community attracting buyers seeking walkable access to Biltmore Village and downtown. Local market has shown strong price recovery and new-construction premiums in 2023–2025.

Nearby Points of Interest

  • Biltmore Village (approx. 1.0 mile — MLS neighborhood descriptions note ~1 mile)
  • Downtown Asheville (approx. 7 min drive / ~2.5 miles per neighborhood marketing)
  • Oakley Library / Oakley neighborhood amenities (walking distance)
  • A.C. Reynolds High / Middle School cluster (~2.9–3.0 miles per school data on MLS)
  • French Broad River corridor and greenways (within a short drive to downtown greenway access)

Property sits in the Wanoca Cottages enclave in the Oakley neighborhood — described repeatedly in listings as approximately 1 mile to Biltmore Village and a short (7-minute) drive to downtown Asheville. Community features include planned dog park, sidewalks and front-porch orientation; area offers breweries, restaurants and proximity to Blue Ridge foothills.

School District

DistrictBuncombe County / Asheville City Schools (per MLS fields)
ElementaryOakley Elementary (GreatSchools rating shown on MLS/Zillow pages — 2/10 on GreatSchools per Zillow listing)
MiddleA. C. Reynolds Middle (listed in MLS school fields)
HighA. C. Reynolds High

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2024
Constructioncedar shake / fiber cement / stucco with metal roof (per MLS materials list)
Stories2
Roofmetal
Heatingheat pump / ductless (ENERGY STAR qualified equipment listed)
Coolingcentral AC and ductless zones
Basementfinished walkout
FireplaceYes
Conditionexcellent (new construction/like-new)

Lot & Site

Lot Size0.12 acres (5,227 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageResidential cul-de-sac frontage in Wanoca Cottages (no-thru street).

Utilities

Watercity
Sewerpublic_sewer
ElectricDuke Energy (typical provider in area - utility name not listed on MLS for this property)
Gasnatural_gas (tankless water heater listed)

Zoning & Land Use

Zoning CodeRS8
DescriptionResidential Single-Family High Density (RS-8) per City of Asheville zoning classification references and multiple listing records.
JurisdictionCity of Asheville

Allowed Uses

single family residentialtypical RS 8 uses per UDO (subject to City of Asheville UDO/permit review)accessory dwelling units / duplex like lower level suites (subject to UDO and local regulations)home occupation (subject to UDO)
Current Useresidential
Assessor UseSingle Family Residential (per MLS public records)

Tax & Sale History

Tax Assessment

Total Assessed$662,300
Annual Tax (2025)$6,869

Sale History

2025-04-10T00:00:00Z$939,675

$353/SF

MLS/public listing records show a closed sale on April 10, 2025 for $939,675 (Canopy MLS / listing sources).

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