$65,000
111 Waterway Drive
Lexington, NC 27292
2 mo ago
Oakwood Acres sits on the High Rock Lake side of Lexington, where Shoreline Drive, Waterway Drive, S Shore Drive, and Sunset Boulevard turn the neighborhood into a true waterfront pocket.
Listing summary: 1 Active40 Recently Sold
$65,000
Lexington, NC 27292
2 mo ago
$549,000 $358/sqft
Lexington, NC 27292
3 bd · 2 ba · 1,534 sqft · 1950 · DOM: 130 d
$219,000 $256/sqft
Lexington, NC 27292
2 bd · 1 ba · 855 sqft · 1996 · DOM: 54 d
$195,000 $214/sqft
Lexington, NC 27292
2 bd · 1 ba · 910 sqft · 2024 · DOM: 87 d
$629,900 $295/sqft
Lexington, NC 27292
2 bd · 2 ba · 2,137 sqft · 1996 · DOM: 55 d
$315,000 $164/sqft
Lexington, NC 27292
3 bd · 2 ba · 1,920 sqft · 2022 · DOM: 106 d
$479,000 $384/sqft
Lexington, NC 27292
3 bd · 2 ba · 1,249 sqft · 2003 · DOM: 40 d
$329,900 $331/sqft
Lexington, NC 27292
2 bd · 2 ba · 998 sqft · 1900 · DOM: 212 d
$599,000 $280/sqft
Lexington, NC 27292
2 bd · 2 ba · 2,137 sqft · 1996 · DOM: 44 d
Lakeside pocket on the Abbotts Creek arm of High Rock Lake.
$739,000 $266/sqft
Lexington, NC 27292
2 bd · 2 ba · 2,777 sqft · 2002 · DOM: 80 d
$199,500 $214/sqft
Lexington, NC 27292
2 bd · 1 ba · 934 sqft · 2024 · DOM: 280 d
$749,900 $310/sqft
Lexington, NC 27292
3 bd · 3 ba · 2,420 sqft · 1990 · DOM: 174 d
AI-assisted overview based on MLS listing data for Oakwood Acres, Lexington
Oakwood Acres sits on the High Rock Lake side of Lexington, where Shoreline Drive, Waterway Drive, S Shore Drive, and Sunset Boulevard turn the neighborhood into a true waterfront pocket. Waterfront homes dominate Oakwood Acres, and the subdivision's MLS history shows that roughly seven in ten homes sit on the water. The recurring themes are concrete rather than abstract: long lake views, coves, piers, docks, boathouses, and decks built to stay pointed toward the shoreline.
This is primarily a single-family neighborhood with a wide range of eras, from early lake cottages to new 2020s construction, although the biggest clusters fall in the 1950s-1960s and 1990s-2000s. Waterfront homes drive the top end of the market. Closed lakefront sales have averaged about $437,000, compared with roughly $188,000 for off-water homes, and Waterway Drive stands out as one of the stronger price pockets in the neighborhood. Many of the higher-priced addresses emphasize long-range views, protected coves, easy walks to the dock, and larger lots that stretch past half an acre.
Oakwood Acres does not read like a uniform production subdivision. The housing mix includes compact one-level homes, renovated lake houses, walkout-basement properties, and a smaller inland group of newer homes around Walnut Road and nearby streets. Basements are part of roughly 30% of the neighborhood's homes in MLS history and tend to align with higher sale prices, often because they add workshop space, guest overflow, or second entertaining areas near the shoreline. Exterior descriptions are mixed rather than one-note, with siding the most common specific material mention and only occasional brick or stone references.
There is no clubhouse-or-pool identity here. The lake is the centerpiece, and the amenities are tied directly to the shoreline: private or shared piers, floating docks, boathouses, covered decks, screened porches, patios, and storage buildings for water gear. Protected coves and sunset views surface repeatedly, especially along Shoreline Drive, S Shore Drive, and Sunset Boulevard, while Buddle Creek Public Boat Ramp is about a six-minute drive from several waterfront addresses.
Inside, the most consistent themes are practical updates rather than oversized square footage. Open living areas, updated kitchens, quartz or granite counters, stainless appliances, hardwood floors, and flexible basement or bonus spaces appear repeatedly. Garages are comparatively rare, which makes the few heated or oversized examples more notable than routine.
Oakwood Acres is tied closely to High Rock Lake and the Abbotts Creek side of the shoreline, giving it a lake-oriented setting rather than a conventional amenity package. Southmont Elementary, Central Davidson Middle, and Central Davidson High are the most common school assignments attached to the subdivision, and I-85 is the main regional connection for the inland side of the neighborhood.
Oakwood Acres stands out as a Lexington lake community where water frontage, dock infrastructure, and outdoor living space shape everyday value. The result is a neighborhood with clear lakefront premiums, a smaller inland entry point, and housing that ranges from vintage cottages to updated waterfront retreats.
Talk to a local agent about homes in Oakwood Acres, Lexington
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40 recently sold in Oakwood Acres, Lexington
| Property | Sold | List Price | DOM | Size | List $/SF |
|---|---|---|---|---|---|
| | May 22 2026 | $549,000 | 130 | 1,534 sq ft | $358 |
| | Apr 14 2026 | $219,000 | 54 | 855 sq ft | $256 |
| | Mar 16 2026 | $195,000 | 87 | 910 sq ft | $214 |
| | Dec 12 2025 | $629,900 | 55 | 2,137 sq ft | $295 |
| | Sep 30 2025 | $315,000 | 106 | 1,920 sq ft | $164 |
| | Jul 23 2025 | $479,000 | 40 | 1,249 sq ft | $384 |
| | Jun 30 2025 | $329,900 | 212 | 998 sq ft | $331 |
| | Jun 5 2025 | $599,000 | 44 | 2,137 sq ft | $280 |
| | Apr 25 2025 | $739,000 | 80 | 2,777 sq ft | $266 |
| | Apr 17 2025 | $199,500 | 280 | 934 sq ft | $214 |
| | Oct 30 2024 | $749,900 | 174 | 2,420 sq ft | $310 |
| | Aug 23 2024 | $434,000 | 64 | 1,600 sq ft | $271 |
| | Jul 25 2024 | $199,500 | 55 | 965 sq ft | $207 |
| | Jun 26 2024 | $439,000 | 42 | 1,911 sq ft | $230 |
| | May 30 2024 | $750,000 | 22 | 1,687 sq ft | $445 |
| | May 17 2024 | $599,900 | 38 | 2,179 sq ft | $275 |
| | Feb 15 2024 | $195,000 | 190 | 850 sq ft | $229 |
| | Feb 12 2024 | $549,000 | 103 | 1,686 sq ft | $326 |
| | Nov 16 2023 | $339,000 | 42 | 664 sq ft | $511 |
| | Jul 6 2023 | $379,900 | 14 | 816 sq ft | $466 |
| | Jun 29 2022 | $525,000 | 69 | 2,634 sq ft | $199 |
| | Dec 21 2021 | $785,000 | 101 | 2,845 sq ft | $276 |
| | May 27 2021 | $15,000 | 44 | — | — |
| | May 14 2021 | $140,000 | 53 | 857 sq ft | $163 |
| | Nov 23 2020 | $375,000 | 47 | 1,317 sq ft | $285 |
| | Oct 14 2020 | $365,000 | 86 | 1,664 sq ft | $219 |
| | Sep 8 2020 | $399,000 | 176 | 1,621 sq ft | $246 |
| | Aug 27 2020 | $500,000 | 56 | 1,375 sq ft | $364 |
| | May 5 2020 | $449,900 | 352 | 4,507 sq ft | $100 |
| | Feb 28 2020 | $345,000 | 627 | 1,750 sq ft | $197 |
| | Sep 18 2018 | $350,000 | 208 | 963 sq ft | $363 |
| | Aug 7 2018 | $139,900 | 73 | 1,280 sq ft | $109 |
| | Jul 23 2018 | $226,500 | 42 | 1,079 sq ft | $210 |
| | Jun 8 2018 | $195,000 | 59 | 1,000 sq ft | $195 |
| | May 18 2018 | $205,000 | 177 | 937 sq ft | $219 |
| | Oct 6 2017 | $310,000 | 248 | 1,641 sq ft | $189 |
| | Aug 18 2017 | $99,900 | 36 | 798 sq ft | $125 |
| | Nov 15 2016 | $344,900 | 56 | 1,176 sq ft | $293 |
| | May 8 2015 | $389,000 | 646 | 2,422 sq ft | $161 |
| | Mar 7 2014 | $160,000 | 234 | 1,006 sq ft | $159 |
Aggregated from MLS listing history for Oakwood Acres, Lexington
The Oakwood Acres real estate market shows buyer's market conditions. Homes typically sell within 71 days. With 1 active listing and 8 homes sold in the past year, buyers have more negotiating power and time to decide.
Listings taken off the market in the past year in Oakwood Acres, Lexington
These homes are no longer available, but they show recent pricing and listing activity in Oakwood Acres. Our agents can help you watch for new listings in this area.
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