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Listing Courtesy Of: ERA Live Moore, Jamie Dawson

Local Realty Services Provided By: Keller Williams Raleigh

Overview

What It'll Cost

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$1,350,000

1017 Trailwood Drive, Raleigh, NC 27606

$1,350,000

1017 Trailwood Drive, Raleigh, NC 27606

Estimation provided by Keller Williams Realty Inc.

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Property Description

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Priced for Quick Close! This prime 2.5-acre development opportunity in Raleigh, NC, offers incredible potential in a high-growth area.

Zoned R-4 with water and sewer on a neighboring site, the property provides multiple development possibilities, including single-family attached * detached homes, attached two-unit residences, student housing, or a unique tiny home community.

Given that this site is in FTO overlay district, various other by right options are available such as Townhomes, Cottage Courts, Apartments, etc. offering greater flexibility for development.

Located adjacent to R-6 zoning with nearby apartments, this site backs to NC State's Centennial Campus, making it ideal for student or faculty housing. This strategic location allows for easy access to Avent Ferry and public transit, with quick connections to NC State, downtown Raleigh, and major highways.

With strong rental and resale demand in this rapidly growing corridor, and R-6 zoning next door presenting potential for rezoning or higher-density development, this property is an exceptional investment opportunity.

Property Details

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Overview

Property Type

Unimproved Land

Days on Site

61 Days

Parking

M&J Realty Group

Michelle Edwards Mitchell

M&J Realty Group | KW Elite Realty

121569

(919) 306-1639

michelle@cmetobuy.com

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Activity History

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SAVES

Data provided by Keller Williams Realty, Inc.

Upcoming Open Houses

No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $1,350,000

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Price & Tax History

Date

Event

Price

03/07/2025

Price Decrease

$1,350,000

(-9.7%)

$540,000/ac

02/21/2025

Price Decrease

$1,495,000

(-21.11%)

$598,000/ac

01/29/2025

Listed

$1,895,000

(+388.4%)

$758,000/ac

09/20/2018

Sold

$388,000

(+84.76%)

$155,200/ac

07/28/2010

Sold

$210,000

$84,000/ac

Year

Property Tax

Assessed Value

Assessed Value is a combination of the land and additions.

2024

$2,836

(+4.55%)

$453,388

Land 264,000 + Additions 189,388

2023

$2,712

(+7.9%)

$345,273

Land 129,600 + Additions 215,673

2022

$2,514

(+2.75%)

$345,273

Land 129,600 + Additions 215,673

2021

$2,446

(+42.95%)

$345,273

Land 129,600 + Additions 215,673

2019

$1,711

(+8.72%)

$345,273

Land 129,600 + Additions 215,673

2018

$1,574

(+5.47%)

$207,088

Land 115,200 + Additions 91,888

2017

$1,492

$207,088

Land 115,200 + Additions 91,888

The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.