1016 Oakway Virtual 2 - 1016 Addison Place, Raleigh, NC 27610, Raleigh
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49 photos

$993,000

1016 Addison Place, Raleigh, NC 27610
Raleigh, NC 27610
Listed by Johnny Chappell · Compass -- Raleigh
Bedrooms
5
Bathrooms
4
Living area
N/A
Year built
2025

About this home

Welcome to Oakway, where life is not only lived but artfully arranged. Here, a curated collection of single-family residences rises just minutes from the heart of Downtown Raleigh, yet feels worlds away. Each home is a posh, private retreat-exuding elegance, celebrating scale and setting the stage for inspired DTR living. Brought to market by local experts and delivered by esteemed local builders, Oakway offers homeowners unmatched urban proximity and unparalleled peace of mind. Step inside and let light lead the way. Open-concept layouts stretch beyond 2,700 square feet, blending grandeur and grace. At the heart of every home, a chef's kitchen hums along, allowing an oversized island, refined fixtures and seamless connection to expansive dining and living spaces to handle a crowd. Walls of windows invite sunlight to stretch across wide rooms, while fireplaces anchor evenings with quiet luxury. Every suite is a sanctuary, offering privacy and potential in equal measure, whether for family, guests, or your own serene escape. Beyond the interiors, outdoor living unfolds in a rare fashion for DTR. Screened-in porches are poised for alfresco dinners, and large, fenced-in backyards promise ample private green space to stretch your legs and your imagination. Commuter-friendly garages and driveways add ease, while elevated touches--bidets, bespoke built-ins, and modern fixtures--remind you that no detail has been overlooked. This Downtown Raleigh home collection doubles down on its delivery, hosting both single-family hideaways and designer, duet-style townhomes in perfect harmony. Elevated elegance comes with easy access to one of NC's fastest-growing metro areas--a combo as rare as it is refreshing. Here, the name becomes a promise and an invitation. Steps from Raleigh's celebrated dining, shopping, and cultural scene yet set apart in a quiet cul-de-sac community, Oakway delivers a lifestyle you'll never run out of reasons to love. From eateries scattered through Seaboard Station and Smoky Hollow to quintessential Oak City charm in nearby Historic Oakwood and Mordecai, DTR's newest neighborhood offers a way of living defined by luxury yet softened by leisurely ease. There are many ways to live in Downtown Raleigh. But only one Oakway. Tour move-in-ready homes today. Contains virtually generated twilight images.

Highlights

FireplaceNew construction

Property details

MLS #
10121313
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
393
On market date
September 11, 2025
Stories
N/A
Total bathrooms
4
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Conn Elementary
0.51 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
462
Student:teacher ratio
11.8:1
District
Wake County Schools
Middle
Ligon Middle
1.64 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
952
Student:teacher ratio
15.1:1
District
Wake County Schools
High
Enloe High
0.82 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,416
Student:teacher ratio
17.0:1
District
Wake County Schools

Walkability

Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
14.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks11
Schools15
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Raleigh, from live MLS data.

On the market 393 days -- 290 more days than Raleigh's current average of 103 days.
For reference, the median list price across 2,844 active listings in Raleigh right now is $375,000.

Mortgage calculator

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Est. monthly payment
$6,130/mo
$198,600 down
$794,400 loan
Principal & interest$5,152
Property tax (est.)$828
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated September 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.