Asheville Real Estate Search

Asheville Properties under $200,000 for Sale

Our website features the best real estate search for under $200,000 properties available in Asheville and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in the Asheville real estate market? Sign up for a  Asheville Real Estate Market Report to see what’s active, under contract, and sold!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Newest Asheville Properties under $200,000 for Sale

$140,000
4380441 MLS ACTIVE Status
Positioned within the exclusive gated community of Riverbend Forest, this rare homesite offers an exceptional opportunity to build a custom mountain retreat in one of the Asheville area’s most private and conveniently located enclaves. Comprised of just 15 homesites, Riverbend Forest is thoughtfully designed to balance natural beauty, privacy, and everyday accessibility. Set among mature trees with a peaceful mountain setting, the lot is ready for your vision with paved community roads, community wells, and city sewer infrastructure already in place—providing a streamlined path toward construction. Whether envisioning a modern mountain home, a timeless retreat, or a full-time residence immersed in nature, the property offers a remarkable foundation for intentional living in Western North Carolina. The location is equally compelling. Residents enjoy a scenic one-mile drive along the Swannanoa River to the conveniences of Tunnel Road, while remaining less than 15 minutes from both downtown Asheville and charming Black Mountain. Award-winning restaurants, local shopping, healthcare, outdoor recreation, and access to the Blue Ridge Parkway are all within easy reach, offering the rare combination of tranquility and connectivity. As one of the final remaining lots within Riverbend Forest, this property presents a unique chance to create a home tailored to both lifestyle and landscape in a highly sought-after mountain community.

151 Riverbend Forest Drive, Asheville

Listing courtesy of Keller Williams Professionals. jlockaby@kw.com

$159,000
1 Beds 1 Baths 4368557 MLS ACTIVE Status
Charming historic bungalow offering a rare opportunity in the heart of Biltmore Village. Per ceiling height limitations, the home is recorded as 163 SF of heated living area; however, the main level provides approximately 404 SF of additional non-HLA space resulting from slanted ceilings. The lower-level unfinished basement further enhances the property’s potential with a separate exterior entry (not accessible from main level) and provides a highly versatile space ready for your vision. Whether used as a studio, workshop, fitness room, or generous storage, the possibilities are wide open. Recent 2026 updates include new flooring throughout and new windows in both the bedroom and living room, bringing in natural light while enhancing comfort and efficiency. The bedroom has new sheet rocked walls, and new floor joists—offering a solid and a clean slate for your finishing touches. What about the potential for a stackable washer/dryer on the main level behind the entry door, allowing the lower level to remain fully flexible? For those seeking even more creativity on the lower level, consider adding a partition wall in front of the toilet, incorporating a compact kitchenette, and reimagining the space into distinct living, sleeping, and entertaining zones. This is a property full of character and opportunity—ideal for buyers who appreciate historic charm paired with the ability to customize and improve over time. Unbeatable location places you directly in Biltmore Village, just moments from healthcare, restaurants, shopping, and everyday amenities. A radon mitigation system is being installed and a gutter on the side of the home.

5A Warren Avenue, Asheville

Listing courtesy of Patton Allen Real Estate LLC. sherri@pattonallenre.com

Start Your Search

“ 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”

Last Updated: