Prime 5.28-Acre Development or Private Estate Opportunity - Cleveland Road, Smithfield, NC Welcome to 4720 Cleveland Road, a rare 5.28-acre tract offering a unique blend of privacy, flexibility, and prime location in one of Johnston County's fastest-growing corridors. Whether you envision a private dream home sanctuary, a thoughtfully planned residential community, multifamily development, or general business use, this property delivers exceptional versatility. Enjoy the serenity of acreage living while remaining just 7 minutes from Downtown Clayton and 10 minutes from Downtown Raleigh, perfectly positioning this site between two of the Triangle's most dynamic markets. With quick access to I-40 and I-540, the property provides seamless connectivity to Raleigh, Garner, RTP, and beyond — ideal for commuters, residents, and future tenants alike. For builders and developers, this site presents a highly attractive opportunity with strong market demand, surrounding residential growth, and expanding commercial activity supporting long-term value. The acreage, location, and zoning flexibility allow for efficient site planning, multiple product types, and the ability to respond to today's buyer and renter preferences. For an end user, this property is equally compelling as a private estate or luxury homestead, offering the rare opportunity to create a secluded retreat while remaining close to top schools, shopping, dining, and employment centers. Whether you envision a single-family community, a private luxury residence, a multifamily project, or a mixed-use/business concept, this versatile acreage delivers location, scale, and growth potential in one powerful package. Highlights: 5.28 acres on Cleveland Road Ideal for a private dream home sanctuary or development Minutes to Downtown Raleigh & Clayton Easy access to I-40 & I-540 Strong surrounding growth and demand Residential, multifamily, or general business potential High-growth, high-demand market
Lot/land
$550,440
4720 Cleveland Rd, Smithfield, NC 27577
--beds
--baths
5.28Acres
Unimproved Land, Land
Built in ----
5.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 10 days |
- 180 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: January 26, 2026 at 01:11pm
Listed by:
L. Calvin Ramsey 919-573-4550,
Ramsey Realtors Team Inc
Source: Doorify MLS,MLS#: 10143098
Facts & features
Property
Features
- Fencing: None
- Has view: Yes
Lot
- Size: 5.28 Acres
- Dimensions: 315 x 513 x 495 x 260 x 198 x 205
Details
- Additional structures: None
- Parcel number: 06H06014T
- Zoning: RAG
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer, Septic Needed
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
- Services included: None
Location
- Region: Smithfield
Financial & listing details
- Tax assessed value: $183,480
- Annual tax amount: $1,165
- Date on market: 1/26/2026
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,991/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Listed for sale | $550,440+205.8% |
Source: | ||
| 6/6/2023 | Sold | $180,000-14.2% |
Source: Public Record Report a problem | ||
| 4/26/2023 | Pending sale | $209,900 |
Source: | ||
| 3/28/2023 | Price change | $209,900-4.5% |
Source: | ||
| 3/3/2023 | Listed for sale | $219,900 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,165 +96% | $183,480 +150% |
| 2024 | $594 +19.9% | $73,390 +14% |
| 2023 | $496 | $64,380 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 27577
Nearby schools
GreatSchools rating
- 8/10Polenta ElementaryGrades: PK-5Distance: 3.3 mi
- 8/10Swift Creek MiddleGrades: 6-8Distance: 2 mi
- 6/10Cleveland High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Johnston - Polenta
- Middle: Johnston - Swift Creek
- High: Johnston - Cleveland
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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