What if your next home wasn't just a place to live but one of your smartest investments? This exceptional North Hills property offers a rare opportunity to enjoy luxury living while generating income. The fully independent 1,200+ sq. ft. accessory dwelling unit (ADU) features its own private entrance, full kitchen, living space, bedroom, and bath, making it ideal for multigenerational living, long-term tenants, traveling professionals, or a high-performing short-term rental. As an added bonus, occupants can enjoy access to the home's dedicated fitness studio while maintaining privacy with separate entrances. The main residence is equally impressive, showcasing soaring two-story ceilings, abundant natural light, quartz countertops, and an open-concept floor plan designed for both everyday living and effortless entertaining. Step outside to your own private retreat where a multi-level deck, pergola, and porch swing overlook a tranquil creek, creating the perfect setting to relax and unwind. Located just minutes from the shopping, dining, and entertainment of North Hills, with Lakemont Swim & Tennis Club within walking distance, this home offers an unmatched combination of lifestyle, flexibility, and income-producing potential. A one-year comprehensive home warranty is included, and buyers may also receive up to $5,000 toward closing costs when using the seller's preferred lender.
For sale
Price cut: $85K (7/11)
$1,090,000
4829 Little Falls Dr, Raleigh, NC 27609
4beds
3,302sqft
:
Get pre-qualified$6,612/mo
Single Family Residence, Residential, Multi Family
Built in 1991
-- sqft lot
$1,051,500 Zestimate®
$330/sqft
$-- HOA
What's special
Soaring two-story ceilingsAbundant natural lightQuartz countertops
- 131 days |
- 1,546 |
- 86 |
Zillow last checked:
Listing updated:
Listed by:
Maggie Schiele 919-449-4093,
HomeTowne Realty
Source: Doorify MLS,MLS#: 10157027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Ductless, Gas Pack, Heat Pump, Natural Gas, Varies by Unit, None
Cooling
- Central Air, Ductless, Gas, Heat Pump, Varies by Unit
Appliances
- Included: Bar Fridge, Built-In Electric Range, Built-In Range, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, Washer/Dryer Stacked
- Laundry: In Garage, In Kitchen, Inside, Laundry Closet, Multiple Locations
Features
- Apartment/Suite, Bar, Bathtub Only, Bathtub/Shower Combination, Bookcases, Built-in Features, Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Dry Bar, High Ceilings, In-Law Floorplan, Pantry, Quartz Counters, Recessed Lighting, Separate Shower, Shower Only, Smart Thermostat, Smooth Ceilings, Soaking Tub, Stone Counters, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower
- Flooring: Carpet, Ceramic Tile, Vinyl, Tile
- Windows: Blinds
- Has fireplace: Yes
- Fireplace features: Blower Fan, Gas, Gas Log, Living Room
Interior area
- Total structure area: 3,302
- Total interior livable area: 3,302 sqft
- Finished area above ground: 3,302
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Attached, Circular Driveway, Concrete, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Garage Faces Front, Gravel, Parking Pad
- Attached garage spaces: 1
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Enclosed, Front Porch, Porch
- Exterior features: Awning(s), Fenced Yard, Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s)
- Fencing: Back Yard, Fenced, Full, Gate, Privacy
- Has view: Yes
- View description: Trees/Woods, Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 0.29 Acres
- Features: Back Yard, Cleared, Front Yard, Level, Views
Details
- Additional structures: Pergola, RV/Boat Storage
- Parcel number: 170616837017000 0173291
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary, Traditional
- Property subtype: Single Family Residence, Residential, Multi Family
Materials
- Fiber Cement, Masonite
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
- Subdivision: The Cascades
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $709,832
- Annual tax amount: $6,210
- Date on market: 4/2/2026
- Road surface type: Asphalt
Estimated market value
$1,051,500
$999,000 - $1.10M
$2,761/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Price change | $1,090,000-7.2%$330/sqft |
Source:  Doorify MLS #10157027 Report a problem | ||
| 5/28/2026 | Price change | $1,175,000-1.7%$356/sqft |
Source: Doorify MLS #10157027 Report a problem | ||
| 4/2/2026 | Listed for sale | $1,195,000+99.2%$362/sqft |
Source: Doorify MLS #10157027 Report a problem | ||
| 7/9/2024 | Sold | $600,000-14.3%$182/sqft |
Source:  Hive MLS #100444253 Report a problem | ||
| 6/21/2024 | Pending sale | $700,000$212/sqft |
Source: Doorify MLS #10028788 Report a problem | ||
| 6/5/2024 | Price change | $700,000-6.7%$212/sqft |
Source: Doorify MLS #10028788 Report a problem | ||
| 5/24/2024 | Price change | $750,000-3.2%$227/sqft |
Source: Doorify MLS #10028788 Report a problem | ||
| 5/11/2024 | Listed for sale | $775,000$235/sqft |
Source: Doorify MLS #10028788 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,210 +0.4% | $709,832 |
| 2024 | $6,185 +17.5% | $709,832 +47.6% |
| 2023 | $5,262 +7.6% | $480,955 |
| 2022 | $4,890 +4% | $480,955 |
| 2021 | $4,700 +1.9% | $480,955 |
| 2020 | $4,614 +31.4% | $480,955 +28.2% |
| 2019 | $3,511 | $375,148 +41.2% |
| 2018 | $3,511 +26.1% | $265,658 |
| 2017 | $2,784 +2.1% | $265,658 |
| 2016 | $2,727 +0.6% | $265,658 +2.3% |
| 2015 | $2,710 | $259,755 |
| 2014 | -- | $259,755 |
| 2013 | -- | $259,755 |
| 2012 | -- | $259,755 |
| 2011 | -- | $259,755 |
| 2010 | -- | $259,755 |
| 2009 | -- | $259,755 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Falls of Neuse
Nearby schools
GreatSchools rating
- 4/10Douglas ElementaryGrades: PK-5Distance: 0.5 mi
- 5/10Carroll MiddleGrades: 6-8Distance: 0.5 mi
- 6/10Sanderson HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Wake - Douglas Elementary
- Middle: Wake - Carroll Middle
- High: Wake - Sanderson High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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