Welcome to 712 Malbay Lane - where space, style, and location come together in one of North Raleigh's most desirable settings. This beautifully updated ranch with a walk-out basement sits on over 2 private acres and offers the perfect setup for multi-generational living, combining privacy, flexibility, and comfort under one roof. Step inside to discover a thoughtfully refreshed interior featuring updated flooring (2024), soaring vaulted ceilings, and an open, inviting layout designed for both everyday living and entertaining. Gather around the stunning fireplace or host with ease in the spacious kitchen, complete with ample counter space and seating for all including guests. Major system upgrades provide peace of mind, including a newer roof (2024), HVAC system (2025), and gas water heater (2026). The walk-out basement expands your living possibilities with a dedicated movie room, a private fourth bedroom with ensuite bath, and a versatile flex space. Making it ideal for guests, or a private in-law suite. Outside, enjoy your own retreat with a deck, screened porch, and a wired outbuilding perfect for a home office, gym, or creative studio. Located just minutes from North Hills, Lafayette Village, shopping, dining, parks, and major roadways, this home offers the rare combination of convenience and quiet, spacious living. A true standout. Offering the flexibility today's buyers are looking for.
For sale
Price cut: $35K (5/4)
$839,900
712 Malbay Ln, Raleigh, NC 27615
4beds
3,961sqft
Est.: Get pre-qualified
Single Family Residence, Residential
Built in 1984
2.1 Acres Lot
$820,100 Zestimate®
$212/sqft
$8/mo HOA
What's special
Beautifully updated ranchWalk-out basementStunning fireplaceSoaring vaulted ceilingsVersatile flex spaceSpacious kitchenThoughtfully refreshed interior
- 68 days |
- 2,608 |
- 177 |
Zillow last checked:
Listing updated:
Listed by:
Matt Perry 919-789-1635,
Keller Williams Elite Realty,
Alyson Gulassa 919-995-6180,
Keller Williams Elite Realty
Source: Doorify MLS,MLS#: 10156012
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
- Laundry: Inside, Laundry Room, Main Level
Features
- Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Hardwood, Tile
- Windows: Bay Window(s)
- Basement: Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,961
- Total interior livable area: 3,961 sqft
- Finished area above ground: 2,637
- Finished area below ground: 1,324
Property
Parking
- Total spaces: 4
- Parking features: Attached, Driveway, Garage, Garage Faces Side, Inside Entrance
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch, Porch, Screened
- Has view: Yes
Lot
- Size: 2.1 Acres
- Features: Cul-De-Sac, Hardwood Trees, Open Lot
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: 079802782162000 0131225
- Zoning: R-40W
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Cedar, Fiber Cement
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected
Community & HOA
Community
- Subdivision: Shannon Woods
HOA
- Has HOA: Yes
- Services included: Insurance
- HOA fee: $100 annually
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $212/sqft
- Tax assessed value: $676,494
- Annual tax amount: $4,346
- Date on market: 3/27/2026
Estimated market value
$820,100
$779,000 - $861,000
$4,342/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Price change | $839,900-4%$212/sqft |
Source:  Doorify MLS #10156012 Report a problem | ||
| 4/11/2026 | Price change | $874,900-2.8%$221/sqft |
Source: Doorify MLS #10156012 Report a problem | ||
| 3/27/2026 | Listed for sale | $899,900+30.4%$227/sqft |
Source: Doorify MLS #10156012 Report a problem | ||
| 3/13/2024 | Sold | $690,000+2.2%$174/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 2/2/2024 | Pending sale | $675,000$170/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 2/2/2024 | Listed for sale | $675,000-3.6%$170/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 8/1/2022 | Listing removed | -- |
Source: Doorify MLS #2443175 Report a problem | ||
| 7/7/2022 | Price change | $699,900-2.8%$177/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 6/29/2022 | Price change | $720,000-4%$182/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 5/25/2022 | Price change | $750,000-4.5%$189/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 5/18/2022 | Listed for sale | $785,000+234%$198/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 4/5/1999 | Sold | $235,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,347 +3% | $676,494 |
| 2024 | $4,221 +29.5% | $676,494 +62.9% |
| 2023 | $3,258 +7.9% | $415,344 |
| 2022 | $3,020 +2.8% | $415,344 |
| 2021 | $2,939 +1.7% | $415,344 |
| 2020 | $2,890 -5.4% | $415,344 +11.8% |
| 2019 | $3,054 | $371,518 |
| 2018 | $3,054 +14.8% | $371,518 |
| 2017 | $2,662 +2.1% | $371,518 |
| 2016 | $2,608 -9.6% | $371,518 -9.9% |
| 2015 | $2,885 | $412,485 +6.4% |
| 2014 | -- | $387,743 |
| 2013 | -- | $387,743 |
| 2012 | -- | $387,743 |
| 2011 | -- | $387,743 |
| 2010 | -- | $387,743 |
| 2009 | -- | $387,743 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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Climate risks
Neighborhood: 27615
Nearby schools
GreatSchools rating
- 4/10Baileywick Road ElementaryGrades: PK-5Distance: 0.5 mi
- 8/10West Millbrook MiddleGrades: 6-8Distance: 2.6 mi
- 6/10Sanderson HighGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Wake - Baileywick
- Middle: Wake - West Millbrook
- High: Wake - Sanderson
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
- 27615
- 712 Malbay Ln
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