Exceptional opportunity in the heart of Five Points. Move right into this stunning, elevator-equipped townhome where modern luxury meets effortless urban living. A private elevator services every level, culminating in your exclusive rooftop retreat—an entertainer's dream complete with a built-in gas firepit and wet bar/kitchen, ideal for sunset gatherings, movie nights under the stars, or quiet evenings with a book. Inside, the thoughtfully designed open floor plan is flooded with natural light from oversized casement windows and open staircases that allow light to flow throughout the home. The main living level seamlessly extends outdoors through a 16-foot sliding glass door leading to a private Phantom screened porch, creating true indoor-outdoor living—perfect for morning coffee, al fresco dining, or relaxed evenings with friends. High-end finishes shine throughout, with a chef's kitchen featuring a Wolf gas range, Thermador stainless refrigerator, microwave, and dishwasher, sleek white cabinetry, quartz countertops, and a striking marble backsplash that blends beauty with everyday functionality. The oversized primary suite offers a true retreat with generous closet space and an exquisite spa-inspired en suite. Two additional large guest bedrooms share a beautifully appointed, luxurious full bath, offering comfort and privacy for family or visitors. A spacious laundry room with cabinet storage and abundant closets throughout the home add to the thoughtful and functional design. Additional highlights include a one-car garage with an electric vehicle outlet, designer details throughout, and the ease of low-maintenance living, with exterior and yard care covered by the HOA. All of this is just steps from Five Points' best coffee shops, breweries, restaurants, parks, and neighborhood favorites. This is more than a townhome—it's a refined, lock-and-leave lifestyle in one of the city's most vibrant communities.
Pending
Price cut: $50K (5/14)
$940,000
1523 Urban Trace Ln, Raleigh, NC 27608
3beds
2,088sqft
Townhouse, Residential
Built in 2025
1,742 Square Feet Lot
$931,100 Zestimate®
$450/sqft
$275/mo HOA
What's special
Designer details throughoutStunning elevator-equipped townhomeExclusive rooftop retreatQuartz countertopsGenerous closet spaceSleek white cabinetryStriking marble backsplash
- 173 days |
- 31 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Allison Caudle 919-395-6186,
Southern Lux Living
Source: Doorify MLS,MLS#: 10139228
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Gas Pack, Heat Pump, Natural Gas, Zoned
Cooling
- Ceiling Fan(s), Central Air, Dual, ENERGY STAR Qualified Equipment, Zoned
Appliances
- Included: Bar Fridge, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, Free-Standing Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater
- Laundry: Laundry Room
Features
- Bathtub/Shower Combination, Ceiling Fan(s), Elevator, Entrance Foyer, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Shower Only, Smart Thermostat, Smooth Ceilings, Storage, Walk-In Closet(s), Walk-In Shower, Wet Bar
- Flooring: Ceramic Tile, Hardwood, Vinyl, Simulated Wood, Tile
- Number of fireplaces: 2
- Fireplace features: Fire Pit, Gas, Gas Log, Living Room, Outside
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,088
- Total interior livable area: 2,088 sqft
- Finished area above ground: 2,088
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener, Garage Faces Rear
- Attached garage spaces: 1
- Uncovered spaces: 1
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch, Screened
- Exterior features: Rain Gutters, Storage
- Has view: Yes
Lot
- Size: 1,742 Square Feet
Details
- Parcel number: 1704777298
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary, Modern, Transitional
- Property subtype: Townhouse, Residential
- Attached to another structure: Yes
Materials
- Brick, Engineered Wood, HardiPlank Type, Other
- Foundation: Brick/Mortar, Slab
- Roof: Shingle, Composition, Metal, Rubber, Wood, Other
Condition
- New construction: Yes
- Year built: 2025
- Major remodel year: 2025
Details
- Builder name: Urban Building Solutions
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Urban Place at Five Points
HOA
- Has HOA: Yes
- Amenities included: Landscaping, Maintenance, Maintenance Grounds, Maintenance Structure, Parking
- Services included: Maintenance Grounds, Maintenance Structure
- HOA fee: $275 monthly
- Additional fee info: Second HOA Fee $1000 One Time
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $450/sqft
- Tax assessed value: $233,600
- Annual tax amount: $2,037
- Date on market: 1/3/2026
Estimated market value
$931,100
$885,000 - $978,000
$3,487/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Pending sale | $940,000$450/sqft |
Source:  Doorify MLS #10139228 Report a problem | ||
| 5/14/2026 | Price change | $940,000-5.1%$450/sqft |
Source: Doorify MLS #10139228 Report a problem | ||
| 4/20/2026 | Price change | $990,000-4.8%$474/sqft |
Source: Doorify MLS #10139228 Report a problem | ||
| 1/19/2026 | Price change | $1,040,000-6.7%$498/sqft |
Source: Doorify MLS #10139228 Report a problem | ||
| 1/3/2026 | Listed for sale | $1,115,000-0.2%$534/sqft |
Source: Doorify MLS #10139228 Report a problem | ||
| 1/3/2026 | Listing removed | $1,117,000$535/sqft |
Source: Doorify MLS #10122768 Report a problem | ||
| 11/6/2025 | Price change | $1,117,0000%$535/sqft |
Source: Doorify MLS #10122768 Report a problem | ||
| 9/19/2025 | Listed for sale | $1,117,500$535/sqft |
Source: Doorify MLS #10122768 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,037 +17.3% | $233,600 +16.8% |
| 2024 | $1,737 | $200,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Five Points
Nearby schools
GreatSchools rating
- 9/10Underwood ElementaryGrades: K-5Distance: 0.5 mi
- 7/10Oberlin Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Needham Broughton HighGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Wake - Joyner
- Middle: Wake - Oberlin
- High: Wake - Broughton
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Wake County
- Raleigh
- 27608
- Five Points
- 1523 Urban Trace Ln
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