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.
Pending
$2,989,990
517 Buck Jones Rd #39, Raleigh, NC 27606
--beds
0baths
5.18Acres
Unimproved Land
Built in ----
5.18 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 140 days
- 26
- 2
Zillow last checked:
Listing updated:
Listed by:
Charles Santos 919-987-5068,
NorthGroup Real Estate, Inc.
Source: Doorify MLS,MLS#: 10165568
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 5.18 Acres
- Residential vegetation: Partially Wooded
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, Sewer Not Available, Water Connected, Septic Connected
Community & HOA
Community
- Subdivision: Roylene Acres
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Tax assessed value: $1,255,579
- Annual tax amount: $10,924
- Date on market: 5/7/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Pending sale | $2,989,990 |
Source: | ||
| 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 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West Raleigh
Nearby schools
Schools provided by the listing agent
- Elementary: Wake - Adams Elementary
- Middle: Wake - Lufkin Road Middle
- High: Wake - Athens Drive High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







