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
- 1 day |
- 54 |
- 4 |
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
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: 7.2 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







