Nearly new modernist luxury estate in one of Raleigh, North
Carolina's most prestigious gated communities, offering an
extraordinary combination of architectural design, privacy, and
tropical resort inspired outdoor living. Situated on an almost 2
acre homesite, this 7,500+ square foot estate features 5 bedrooms,
5+ private en suite accommodations, a 4 car garage, a private full
tennis/pickleball/basketball multi-use court, and an exceptional
360 degree perimeter overflow/infinity edge swimming pool/spa
designed to rival a luxury resort. A dramatic fire feature at the
front entrance and porte-cochere create an impressive first
impression, while soaring ceilings, striking modern finishes, and
abundant natural light define the sophisticated interior. The
gourmet chef's kitchen and scullery/pantry showcases custom
cabinetry and premium appliances, including Sub Zero
refrigerator and freezer towers, Miele ovens, a Miele coffee
system, and a Miele induction cooktop. The kitchen flows seamlessly
into the expansive family room, where panoramic backyard and pool
views complement a dramatic linear fireplace framed by a grand 2
story stone surround. The first floor also features a separate
dining room with unique drop ceiling design, media room, and a
large, linear fireplace in the high-ceiling great room, with
floor-to-ceiling windows throughout. The main level primary suite
offers serene pool views from floor-to-ceiling windows, linear
fireplace, and a luxurious spa inspired bathroom with a steam
shower, soaking tub, and dual vanities, along with two spacious
walk in closets featuring custom cabinetry and center islands.
Additional main floor highlights include a generous game room with
bar, private office, climate controlled wine room, and a dedicated
kitchen scullery/pantry. Two staircases (including a floating
staircase in the foyer) lead to the upper level, where five
additional bedrooms feature private en suite bathrooms, including a
potential secondary primary suite with its own private balcony
overlooking the pool/spa and property. A spacious exercise and yoga
room (which can be used as a 6th bedroom) and a separate wellness
suite with sauna create an exceptional at home fitness and
relaxation experience. Advanced smart home technology includes a
Control4 automation system with Josh.ai voice control, Sonos audio
throughout the main living spaces and outdoor entertainment areas,
aroma 360 whole house scent system, and a whole house backup
generator. Outdoors, experience an extraordinary 360 degree
perimeter overflow swimming pool with an infinity edge, a large
linear fire bowl, and an expansive pool deck designed for
entertaining on a grand scale. Generous lounge areas, cabana style
seating, an outdoor kitchen and entertainment setting, an outdoor
shower, and a dedicated pool bathroom with private outdoor shower
enhance the private backyard retreat, while the private
tennis/pickleball/basketball court adds another exceptional
recreational amenity. Built with a focus on quality, performance,
and lasting value, the estate features a site poured concrete
foundation reinforced with rebar, spray foam insulation, a sealed
walk in crawlspace, tankless water heating, aluminum clad windows,
and a refined porcelain tile and stucco exterior. Even the 4 car
garage offers thoughtful convenience with a dedicated large pet
washing station. This distinctive Raleigh luxury estate combines
modernist architecture, substantial acreage, gated community
living, advanced home automation, wellness amenities, and
extraordinary private outdoor recreation in one remarkable
property. Large palm trees, bamboo, agave cactus, and tropical
yucca plants were transported from South Florida that will make you
feel like you're on your own private tropical island in the heart
of North Raleigh!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Wonderful opportunity in North Raleigh to custom build your dream estate. Rolling 1.9 acre lot available in Bay Leaf Farm, one of the Triangle’s most prestigious gated communities. Buffered by federal land, Bay Leaf Farm remains private, peaceful, and secluded from nearby development. Builder, home design, and landscaping must be approved by HOA.
Other Structures: Outdoor Kitchen, Tennis Court(s), See Remarks
Construction Materials: Stucco, Synthetic Stucco, See Remarks
Patio and Porch Features: Deck, Front Porch, Patio, Rear Porch, Terrace, Other, See Remarks
Pool Features: Fenced, Filtered, Gas Heat, Gunite, Heated, In Ground, Infinity, Outdoor Pool, Pool Sweep, Pool/Spa Combo, Private, Salt Water, See Remarks
Pool is Private
Lot Features: Back Yard, Cleared, Front Yard, Garden, Gentle Sloping, Interior Lot, Private, See Remarks
Lot Size Area: 1.92
Lot Size Units: Acres
Lot Size Acres: 1.92
Lot Size Square Feet: 83635
Water Source: Community Water
Financial Details
Tax Map Number: 15
Tax Assessed Value: $2,880,633
Tax Annual Amount: $19,021
Utilities Details
Cooling Type: Central Air
Heating Type: Fireplace(s), Forced Air, Natural Gas
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: Sport Court, Tennis Court(s)
HOA Fee: $1,800
HOA Fee Frequency: Annually
Building Info
Overview
General
Year Built:
2019
Effective Year Built:
2019
Bedroom Count:
0
Bathroom Count:
3
Full Bathrooms:
3
Partial Bathrooms:
3
Building Condition:
0
Building Quality:
0
Construction Type:
2
Building Style:
15
Exterior Walls Type:
2
Interior Walls Type:
0
Roof Shape Type:
0
Roof Cover Type:
0
Floor Count:
175
Living Units:
1
Floor Cover:
0
Basement Type:
0
Basement Area:
0
Garage Type:
7
Garage Square Area:
710
Parking Space Count:
0
Patio Type:
0
Porch Type:
0
Pool Type:
0
Dimensions
Lot Size Square Feet:
83,635
Total Building Area:
8,212
Building Area:
8,212
Building Area Measurement:
E
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
3
Heated Square Feet:
8,212
Heating Fuel Type:
0
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
BAY FARM PH2A
Land Acres:
0000001920
Standard Land Use Code:
1001
County Land Use Code:
01
Legal Description 1:
LO15 BAY LEAF FARM PH2A SUB BM2011-00808
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