Prime Development Opportunity in the Heart of Raleigh!Unmatched potential awaits at 517 Buck Jones Road, featuring an already approved Administrative Site Review (ASR) for a 64-unit multifamily development. Alternatively, the property allows for a transition to a 54-unit townhome community with a minor modification to the existing plan--an option that aligns with the growing demand for flexible housing solutions.Situated in a highly sought-after location, this property offers exceptional accessibility--just 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds. Its prime position at the nexus of Raleigh's growth makes it an unparalleled investment opportunity in one of the fastest-growing markets in the Triangle.Whether you envision building modern multifamily units or a vibrant townhome community, this site provides the canvas for your development goals. The existing ASR approval and its strategic location reduce development hurdles, giving you a head start on a high-impact project.Seize this rare opportunity to bring your vision to life and shape Raleigh's booming real estate landscape.
Lot/land
$2,989,990
517 Buck Jones Rd #39, Raleigh, NC 27606
--beds
--baths
5.18Acres
Unimproved Land, Land
Built in ----
5.18 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 37 days |
- 109 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Charles Santos 919-987-5068,
NorthGroup Real Estate, Inc.
Source: Doorify MLS,MLS#: 10165568
Facts & features
Property
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 5.18 Acres
Details
- Parcel number: 39 pt 40
- Zoning: R4-FTDO
- Special conditions: Seller Licensed Real Estate Professional
Utilities & green energy
- Sewer: Public Sewer, Septic Tank
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Septic Connected, Sewer Not Available, Water Connected
Community & HOA
Community
- Subdivision: Roylene Acres
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Annual tax amount: $10,924
- Date on market: 5/7/2026
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,373/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Listed for sale | $2,989,990-21.8% |
Source: | ||
| 8/14/2025 | Listing removed | $3,825,000 |
Source: | ||
| 8/14/2025 | Price change | $3,825,000+4% |
Source: | ||
| 7/25/2025 | Price change | $3,678,900+54.5% |
Source: | ||
| 5/17/2025 | Listed for sale | $2,380,890-49.6% |
Source: | ||
| 8/23/2024 | Listing removed | $4,720,000 |
Source: | ||
| 5/31/2024 | Listed for sale | $4,720,000+1258.3% |
Source: | ||
| 9/2/2021 | Sold | $347,500 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Raleigh
Nearby schools
GreatSchools rating
- 8/10Adams ElementaryGrades: PK-5Distance: 1.7 mi
- 10/10Lufkin Road MiddleGrades: 6-8Distance: 6.7 mi
- 8/10Athens Drive HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Wake - Adams
- Middle: Wake - Lufkin Road
- High: Wake - Athens Dr
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
- 27606
- West Raleigh
- 517 Buck Jones Rd Unit 39







