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
Multi Family
Built in 1991
-- sqft lot
$1,051,100 Zestimate®
$330/sqft
$-- HOA
What's special
Soaring two-story ceilingsAbundant natural lightQuartz countertops
- 177 days
- 1,285
- 66
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
Primary bedroom
- Level: Second
Heating
- Ductless, Heat Pump, Natural Gas, None, Varies by Unit, Gas Pack
Cooling
- Central Air, Ductless, Heat Pump, Varies by Unit, Gas Pack
Appliances
- Included: Built-In Electric Range, Bar Fridge, Built-In Range, Dryer, Disposal, Dishwasher, Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Refrigerator, Free-Standing Range, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, Washer/Dryer Stacked
- Laundry: Laundry Closet, In Garage, Inside, In Kitchen, Multiple Locations
Features
- Bar, Built-in Features, Bookcases, Ceiling Fan(s), Chandelier, Crown Molding, Dry Bar, Double Vanity, High Ceilings, In-Law Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Soaking Tub, Storage, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Apartment/Suite, Shower Only, Separate Shower, Bathtub/Shower Combination, Walk-In Shower, Bathtub Only, Quartz Counters, Smooth Ceilings
- Flooring: Carpet, Ceramic Tile, Luxury Vinyl, Tile
- Windows: Blinds
- 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 Faces Front, Garage, Garage Door Opener, Gravel, Parking Pad
- Garage spaces: 1
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Enclosed, Front Porch, Porch
- Exterior features: Awning(s), Lighting, Private Yard, Rain Gutters, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s), Fenced Yard
- 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: Multi Family
Materials
- Fiber Cement, Masonite
- Foundation: Brick/Mortar, Crawlspace
- Roof: Shingle,Architectural Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
- Security: 24 Hour Security, Smoke Detector(s), Security Lights, Security System Owned, Security System
- 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
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Asphalt
Estimated market value
$1,051,100
$999,000 - $1.10M
$1,970/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
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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