Exceptional development opportunity in a rapidly evolving Raleigh corridor! This 1.634-acre site is zoned OX-5 and offers outstanding flexibility with a preliminary site plan supporting multifamily development or up to 10 townhomes. A recorded right-of-way provides additional access from New Bern Avenue, enhancing connectivity and future potential. The property also features a natural area that could serve as a community garden, pocket park, or other thoughtfully designed green space. Ideally located just minutes from WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail, the site is positioned to benefit from the ongoing transformation of the New Bern Avenue Bus Rapid Transit (BRT) corridor, where construction is now underway. Seller financing is available, making this a compelling opportunity to invest in Raleigh's growing transit-oriented health and education district.
Lot/land
$975,000
2802 Milburnie Road, Raleigh, NC 27610
--beds
--baths
1.63Acres
Unimproved Land
Built in ----
1.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Natural area
- 184 days |
- 23 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Beth Martin,
EXP Realty LLC
Source: eXp Realty,MLS#: 10145535
Facts & features
Property
Features
- Has view: Yes
Lot
- Size: 1.63 Acres
Details
- Parcel number: 172417112424000 0016109
- Zoning: OX-5
- Special conditions: Standard
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available
Community & HOA
Community
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Tax assessed value: $386,814
- Annual tax amount: $3,373
- Date on market: 2/10/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,821/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Price change | $975,000-7.1% |
Source: eXp Realty #10145535 Report a problem | ||
| 2/10/2026 | Listed for sale | $1,050,000 |
Source: eXp Realty #10145535 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,373 +0.4% | $386,814 |
| 2024 | $3,359 +20.7% | $386,814 +51.5% |
| 2023 | $2,783 +7.7% | $255,297 |
| 2022 | $2,585 +4.1% | $255,297 |
| 2021 | $2,484 +1.9% | $255,297 |
| 2020 | $2,439 +126% | $255,297 +174.2% |
| 2019 | $1,079 | $93,093 |
| 2018 | $1,079 +11.4% | $93,093 |
| 2017 | $968 +2.1% | $93,093 |
| 2016 | $948 -1.3% | $93,093 +0.3% |
| 2015 | $961 | $92,784 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: East Raleigh
Nearby schools
GreatSchools rating
- 4/10Douglas ElementaryGrades: PK-5Distance: 4.3 mi
- 7/10Martin MiddleGrades: 6-8Distance: 5.6 mi
- 7/10William G Enloe HighGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: eXp Realty. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $975,0001.63 acres2802 Milburnie Rd LOT 1, Raleigh, NC 27610Lot/Land
- $438,692-- bd-- ba-- sqft2949 New Bern Ave, Raleigh, NC 27610Off Market
- $20,000-- bd-- ba-- sqft2949 New Bern Ave, Raleigh, NC 27610Off Market
- $324,400-- bd1 ba1k sqft224 N Peartree Ln, Raleigh, NC 27610Off Market
- $352,2004 bd2 ba1.2k sqft216 N Peartree Ln, Raleigh, NC 27610Off Market
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- $20,000-- bd-- ba-- sqft2949 New Bern Ave, Raleigh, NC 27610Off Market
- $20,000-- bd-- ba-- sqft2949 New Bern Ave, Raleigh, NC 27610Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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